Gold Blog Archive
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American Bullion -- Four U.S. Banks Shut Down as Failure Count This Year Reaches 26
March 06, 2010, 12:01 AM EST
By Dakin Campbell
March 6 (Bloomberg) -- Regulators shut banks in Maryland, Illinois, Florida and Utah, pushing the number of U.S. failures to 26 this year and placing more pressure on the Federal Deposit Insurance Corp. to dispose of a growing pile of toxic assets.
The FDIC was unable to find buyers for ...
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American Bullion -- Gold May Return to Record High: Technical Analysis
March 05, 2010, 10:51 AM EST
By Nicholas Larkin
March 5 (Bloomberg) -- Gold’s rally in everything from dollars to euros to pounds is a sign of strengthening demand and the metal may return to its record of $1,226.56 an ounce, according to technical analysis by broker GoldCore Ltd.
The attached chart shows gold may rise to ...
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American Bullion -- Will The US Devalue The Dollar
The ability to wage war on credit gave the West an insurmountable advantage over the East. The West’s credit, however, has now turned to debt and the West has lost its advantage. But the return to parity will not be easy.
The three hundred year economic expansion fueled by debt-based capital markets is coming to an end and with ...
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American Bullion -- Gold Climbs in New York on Alternative Investment to Currencies
March 02, 2010, 12:01 PM EST | By Nicholas Larkin
March 2 (Bloomberg) -- Gold rose to the highest price in almost six weeks in New York as concern about Greece’s debt increased demand for bullion as an alternative to holding currency.
The Greek government said it will announce new deficit cuts tomorrow. Greek government workers called a 24-hour strike ...
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American Bullion -- COMEX INVENTORY DATA REVEAL AN ALARMING TREND
COMEX INVENTORY DATA REVEAL AN ALARMING TREND
By Adrian Douglas | Market Force Analysis | February 25, 2010
For more than 6 months I have been gathering data released daily by the COMEX concerning delivery notices and inventory levels of gold and silver. This data must be captured and recorded each day as there is no database of historical data available to ...