11 September, 2009 by James McBride
Gold Prices At Record High, Dollar Falls
Gold futures settled at a new record Friday, ending higher for a fourth straight week as the U.S. dollar fell against the euro to a fresh one-year low, boosting gold’s investment appeal.
The thinly traded September gold contract ended up $9.50, or 1%, at $1,004.90 an ounce on the Comex division of the New York Mercantile Exchange, the highest settlement for a nearby gold contract. The earlier record was $1,003.20 hit on March 18, 2008. The September contract rose to $1,011.90 earlier.
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10 September, 2009 by James McBride
Intro Info On Put And Call Options
9 September, 2009 by James McBride
Bonds And Stocks Seem To Be Telling Different Stories On U.S. Economy
MarketWatch has an interesting post for those investors who believe the stock market works perfectly at discounting risks and rewards. As they point out in the article, if you believe what stocks are telling us, the U.S. economy and corporate profits must seem to be on track for a huge recovery.
Yet, the market for U.S. government bonds, considered among the safest assets around, seems to be telling a different story. After a spectacular 50% surge since March, stocks on the S&P 500 Index (SPX) have continued rising through the summer and into September. 10-year auction, (UST10Y) and Fed Beige Book might help decide who has a better gauge.
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- Bonds trim earlier losses (money.cnn.com)
- Bonds pare losses (money.cnn.com)