The dollar rose to its highest level in more than five years and U.S. stock-index futures advanced before the release of American factory data. Oil gained with silver, while tin dropped. The Bloomberg Dollar Spot Index strengthened 0.4 percent at 1:30 p.m. in Hong Kong. The yen retreated 0.6 percent and the euro headed for…
QUESTION: 2014 should not have happened, but it did. There’s no way to sugarcoat it: the gold bugs were wrong, Austrian economics was wrong, and the Keynesians were right. And now the sound money community is left trying to figure out what it missed and, crucially, whether the problem was merely one of timing or of…
Photo Credit: Shuterstock, On-line blog concept – keyboard with blog key Thought personal blogs written by startup founders were a good read? Then you might be pleased to learn that blogs penned by European investors can be equally insightful, inspiring and amusing. You’ll notice there’s a stark imbalance in our list though. While researching investors and VC…
The GBP/USD pair tried to rally during the session on Wednesday, but as you can see struggled above the 1.56 level. In fact, there was enough resistance above there to turn things back around and form a shooting star which of course is a very negative sign. While that much is true, I am a bit hesitant…
Turkmenistan, the former Soviet republic, devalued its currency against the US dollar by 18% for the new year. Turkmenistan is energy-rich and this is the latest sign of seriousness of the collapse in oil. This will contribute to now force the dollar higher as commodities decline, the energy producing nations will be compelled to devalue…
Gold prices fell on the final trading day of 2014, notching its second consecutive annual drop, as gains in the dollar sapped safe-haven demand. The precious metal closed down roughly 1.6% for 2014, compared with the December 31, 2013 settlement price of $1206.80 per ounce. Geopolitical concerns and sharp drops in the global equities were the…
<< Read Technology in 2014, Part 5: The Courtroom Drama << Read Part 4: Is China Calling The Shots? << Read Part 3: IPOs Galore << Read Part 2: M&As To Make Or Break Companies << Read Part 1: Collaborations Rule The Day Technology development in 2014 focused on the move to cloud computing on the one hand and the Internet…
Who is to blame for the staggering collapse of the price of oil? Is it the Saudis? Is it the United States? Are Saudi Arabia and the U.S. government working together to hurt Russia? And if this oil war continues, how far will the price of oil end up falling in 2015? As you will…
Ten weeks ago we wrote that Treasury yields were looking down. The day we wrote that the yields on 10-year Treasuries reach 2.31%, a 28-month low. We suggested that the yield could drop below 2.20%, and if it did without bouncing back toward 2.30% within a very few days that the yield could drop to very…
If you’re like most Americans, then you are absolutely loving the price you paid this week for a gallon of gas. Just a couple of years ago it was not uncommon to see a $75 price tag for filling up your car. Today, you might be driving off for half that amount. On the…
