US GOLD Investors buy gold as global debt problems cast shadow over paper ... FXstreet.com
New York 11/07/2011 - Gold on the Comex division of the New York Mercantile Exchange was propelled to a two-week high Monday as concerns over US and European debt had investors fleeing currencies and riskier assets.
Gold futures for August delivery in New York were last up $6.30, or 0.4 percent, at $1,547.90 per ounce; however, the yellow-metal has since come off its intraday high of $1,557.60 due to some afternoon profit taking.
The markets are closely watching the bubbling debt situation in Italy. The country's credit default swaps climbed 13 percent to 281 basis points this morning, while its debt-to-GDP ratio now stands at 120 percent - second only to Greece within the eurozone. An emergency meeting of European policy makers started today in Brussels to discuss Italy's problems.
These jitters led to euro to fall by about three cents to a low of 1.3983 against the dollar. Often times, a stronger greenback would lead to lower gold prices; however, in this case, the dollar seemed to merely benefit from the euro's weakness and not its own strength, market participants said.
Business: Anxiety in Greece Over Debt - nytimes.com/video
Liz Alderman, Assistant Business Editor of The Times, discusses Greece's debt situation. Related Link: nyti.ms
add business debt link - News
|
No, Atlas Shrugged is still fiction. - Northwest Progressive Institute Official Blog No, Atlas Shrugged is still fiction. Yesterday, a friend e-mailed me a link to a Wall Street Journal article, 'Atlas Shrugged': From Fiction to Fact in 52 Years, and asked me what I thought |
Bloomberg argues for help for small business
While infrastructure spending will add construction jobs, many of the people now joining the unemployment lines work in offices, stores and restaurants,
|
|
10KSB: GOTTAPLAY INTERACTIVE, INC. Financial instruments consist principally of cash, trade and related party payables, accrued liabilities, and short and long-term debt obligations. |
|
TRANSCRIPT: Crain's Public Policy Roundtable Discussion - Crain's Detroit Business TRANSCRIPT: Crain's Public Policy Roundtable Discussion If they could link that, and the Governor would be willing to back off because she knows long-term, if you don’t solve that prison problem, even if you got |
|
Follow the stocks that pay dividends - San Francisco Chronicle Follow the stocks that pay dividends Click the "add criteria" link to see the menu of available search terms. We'll start with the most important: no debt. The debt/equity ratio, which compares |
