http://5minforecast.agorafinancial.com/the-ghosts-of-2008-gold-stocks-a-currency-play-bank-role-reversal-and-more/ http://5minforecast.agorafinancial.com Fri, 19 Mar 2010 23:33:29 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://5minforecast.agorafinancial.com/the-ghosts-of-2008-gold-stocks-a-currency-play-bank-role-reversal-and-more/comment-page-1/#comment-2274 Economic indicators | China Booms, The CIT Crisis, A Bizarre Commodity Worth Stockpiling, Vancouver and More! - Contrarian Stock Market Investing News - Featuring Bargain Stocks Mon, 20 Jul 2009 15:40:13 +0000 http://www.agorafinancial.com/5min/?p=522#comment-2274 [...] This time last week, we compared some eerie similarities between 2008 and 2009… investor attitudes, market behavior and economic indicators are lining up a bit too close for comfort. And now this — what would be the biggest banking failure since Lehman. Oy, could get interesting. Most media outlets are downplaying CIT’s peril, but we’re not so quick to brush it off. Its bankruptcy won’t likely produce a Lehman style meltdown, but on Monday, tens of thousands of businesses might not have a primary source of financing. In this credit environment, do you think it’ll be easy for them to get fast loans from someone else? CIT’s plight isn’t helping the dollar one bit. Coupled with the stock rallies this week, the dollar index fell as low as 79.3 yesterday, its lowest level since June 11. As we write, it’s at 79.5. Sounds like a good day to by some gold, eh? You wouldn’t be alone today, or this month, for that matter… the spot price has risen to $935 this morning, up about $30 from early July. “The idea that Chinese yuan could replace the dollar strikes us as ridiculous today,” writes Chris Mayer. “I am sure the typical British subject in 1922 — when the Empire ruled over 458 million people and a quarter of world’s land area — would have found equally ridiculous the idea that in two decades, his cherished pound would play second fiddle to the U.S. dollar of the former colonies. [...] [...] This time last week, we compared some eerie similarities between 2008 and 2009… investor attitudes, market behavior and economic indicators are lining up a bit too close for comfort. And now this — what would be the biggest banking failure since Lehman. Oy, could get interesting. Most media outlets are downplaying CIT’s peril, but we’re not so quick to brush it off. Its bankruptcy won’t likely produce a Lehman style meltdown, but on Monday, tens of thousands of businesses might not have a primary source of financing. In this credit environment, do you think it’ll be easy for them to get fast loans from someone else? CIT’s plight isn’t helping the dollar one bit. Coupled with the stock rallies this week, the dollar index fell as low as 79.3 yesterday, its lowest level since June 11. As we write, it’s at 79.5. Sounds like a good day to by some gold, eh? You wouldn’t be alone today, or this month, for that matter… the spot price has risen to $935 this morning, up about $30 from early July. “The idea that Chinese yuan could replace the dollar strikes us as ridiculous today,” writes Chris Mayer. “I am sure the typical British subject in 1922 — when the Empire ruled over 458 million people and a quarter of world’s land area — would have found equally ridiculous the idea that in two decades, his cherished pound would play second fiddle to the U.S. dollar of the former colonies. [...]

]]> http://5minforecast.agorafinancial.com/the-ghosts-of-2008-gold-stocks-a-currency-play-bank-role-reversal-and-more/comment-page-1/#comment-2228 Stock market news | The Ghosts of 2008, Gold Stocks, A Currency Play, Bank Role Reversal and More! - Contrarian Stock Market Investing News - Featuring Bargain Stocks Mon, 06 Jul 2009 21:20:21 +0000 http://www.agorafinancial.com/5min/?p=522#comment-2228 [...] The Ghosts of 2008, Gold Stocks, A Currency Play, Bank Role Reversal and More! Advertisement Tags: Addison Wiggin, Bank Bailout, Gold Bugs, Gold Stocks, Housing Market, Ian Mathias, Oil Companies, Stimulus Plan, US stocks By Ian Mathias [...] [...] The Ghosts of 2008, Gold Stocks, A Currency Play, Bank Role Reversal and More! Advertisement Tags: Addison Wiggin, Bank Bailout, Gold Bugs, Gold Stocks, Housing Market, Ian Mathias, Oil Companies, Stimulus Plan, US stocks By Ian Mathias [...]

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