March 4th, 2013
Trend Reversal – if Gold Trades Below $1,500?
As pointed out in the last analysis, gold is going through the consolidation phase at the moment. If the long-term Bull Run is still in place, this base building in the $1,500 area will be the platform to move gold above $2,000. However, if the $1,500 support breaks, it is a signal that this major [...]
Bringing Facts to Bear on Budget Decisions
Federal deficits are too large and mounting national debt threatens future generations. Both Democrats and Republicans embrace demagoguery and refuse to address facts and acknowledge lessons of history. Since 2007, federal spending is up $1 trillion dollars and deficits jumped from $161 billion to $1.2 trillion over five years. Higher taxes on the wealthy and [...]
Top News
- White House insists Obama was not involved in IRS May 19, 2013WASHINGTON (AP) β A top White House adviser insisted Sunday that President Barack Obama learned the Internal Revenue Service had targeted tea party groups only "when it came out in the news" while Republicans continued to press the administration for more answers. […]
- Analysis: Airline emissions deal may not come before EU deadline May 19, 2013By Allison Martell (Reuters) - Hope is fading for a global deal to regulate the airline industry's greenhouse gas emissions ahead of a fall deadline, even though failure could push the industry back to the brink of a trade war over the European Union's emissions trading system. Last November the EU suspended its controversial scheme to force all ai […]
- Analysis: Frontier Markets booming but risks mounting May 19, 2013By Manuela Badawy NEW YORK (Reuters) - With the world's biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and previously overlooked bonds sold by countries with no capital markets track record. Even the biggest investors acknowledge that "frontier markets […]
- Exclusive: South Africa's NUM seeks 15-60 percent wage rises from gold, coal producers May 19, 2013By Ed Stoddard JOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers said it would seek pay rises of up to 60 percent from gold and coal producers, raising the prospect of fresh strikes as firms battle higher costs and falling prices in an already heated labor climate. Africa's biggest economy is hoping to avoid the 2012 wildcat str […]
- German minister calls EU move on China solar 'grave mistake' May 19, 2013BERLIN (Reuters) - German Economy Minister Philipp Roesler said the European Commission made a "grave mistake" by agreeing to impose punitive import duties on solar panels from China and urged the Commission to work to prevent the eruption of a trade conflict. "It's a grave mistake," Roesler told Welt am Sonntag newspaper on Sunday. […]