The Mortgage Bankers Association in the US reported that sub-prime adjustable rate mortgage delinquencies reached 14.4% during the fourth quarter of 2006. Including all one-to-four family homes, delinquencies reached 4.95%. Lenders clearly did not consider …
You would have to have been living on a desert island for quite a long time now not to be aware that something has been going on in the world of commodities. Oil increased in …
On Tuesday for the first time in modern history China became a world financial trendsetter. The Chinese stock markets declined (the Shanghai Composite Index fell 8.84% and the Shenzhen Composite Index fell 8.54%) and stock …
Gold’s bull market continues, the noisy setbacks of ‘hot money’ aside. And as the price keeps on rising, so more and more private investors – looking to put their money to work after 6 years watching …
How high will gold prices climb? The metal has recently been challenging the $670 an ounce mark, and Citigroup, which reports that the market “appears healthier than ever”, expects gold to move above the $700 …
Spot gold hit $669.50 per ounce in Europe on Tuesday. In the futures market, the April contract rose to $673. Cue this nugget of wisdom from Reuters: ‘Gold was also rising in other currencies, …
Both silver and the gold are making impressive progress, but can the good times continue? James Turk looks at predictions for the gold price. It has been my contention that the $604.90 low reached on …
Gold’s recent return above the $650 level is a key development in the metal’s bull market. Just how high could gold go this year – and what’s the small cloud hovering on the horizon? We …
Only last year, the papers were filled with stories about bird flu. It was the big health scare of the year. Mocked-up photos of death-bringing wild birds flying over the Thames; scenarios of societal change …
Gold bullion price action has been very encouraging, most recently exceeding $650/oz, above which we expect to see a sharp increase in buying. Some time in 2007 last year’s gold price high of $730oz should be …