Posts Tagged ‘safe haven’
Gold Futures Jump; $1,000 Ounce is Near
Friday, February 20, 2009 8:04 2 CommentsGold futures jumped as high as $998.50 an ounce. as investors spooked by the sell-off in U.S. stock futures and international stock markets sought safety in the precious metal. The April delivery contract rallied to an intraday high of $998.50 an ounce, which is just a few dollars below the psychological resistance point of $1,000 [...]
$7.7 Trillion and Counting
Monday, November 24, 2008 19:26 No CommentsThe U.S. government is ready to provide $7.7 trillion of American taxpayer money after guaranteeing $306 billion of Citigroup Inc. debt yesterday. These pledges amount to HALF OF US GDP and almost four times the amount the Government receives in tax revenue per year.
The US dollar sold off on the news as gold spiked [...]
