Gold spiked to a record high today at $1,045 an ounce. The rally was triggered by a report that Gulf states would stop using the U.S. dollar for oil trading. The report indicated that the Gulf states would replace the dollar-based oil trading with a basket of currencies would include gold. Top officials and central [...]
U.S. Stocks Drop Most in Three Weeks – Bloomberg Russia Backs Return to Gold Standard – Telegraph Russia, China Cooperate on New Currency Proposals – AFP GM CEO Wagoner Forced Out as Part of Government Plan – MyWay News Copper Drops Most in Six Weeks – Bloomberg FDR Was No Milton Friedman – Wall Street [...]
Global Worries Boost Dollar – Reuters Oil Falls to 14-week Low – Bloomberg Russia Orders Halt to War – Reuters The Multi-Billion Dollar Olympics – Weekly Standard Lessons from the Credit Crunch – The American What to Make of Oil’s Weakness – RealClearMarkets What Hath the Fed Wrought? – FT Portfolios One Third of New [...]
