If the rumor mill is accurate, it seems that Citigroup Inc. (NYSE: C) may get to beat Wells Fargo & Co. (NYSE: WFC) in the race to exit the TARP in the catch-up game to Bank of America Corporation (NYSE: BAC). It seems every TARP borrower wants out from under such strict government control [...]
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CHINA has put Gordon Brown’s investment philosophy to shame by enjoying a near-doubling of the value of its gold reserves.
The People’s Republic has gold reserves worth $10.8 billion (£6.2 billion), based on yesterday’s $558.60 gold fix in London, compared with about $6.6 billion at the end of 2002, when China last increased [...]
NYMEX crude oil futures prices ended above 71 dollars a barrel today after posting the biggest one day rise since August 19 on a buying spree spurred by weakness in the dollar.
Light, sweet crude oil futures for October settled 3.08 dollars higher at 71.10 a barrel, the highest price since Aug. 28. Nymex prices [...]
The above chart is a weekly chart of the XAU gold stocks index. I have said in several previous posts that gold stocks needed to hold the support area outlined above for me to remain bullish on the sector.
During this past week, it appeared that the gold bulls had capitulated, and the bears [...]
