Monthly Archives: July 2011

Madrid Protests

In Madrid, I was able to meet and interview some of the lead demonstrators in the main plaza.  I was surprised at the Carnival atmosphere, but even more so with their opinions on the US and goals in removing their

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Madrid Arrival- Day 1

The streets of Madrid are quiet.  Traffic was non-existant at noon.  The cab ride from the hotel was rather American.   As I sat in the cramped cab,  I could easily recognize the band that was singing.  No it was not Juanes,

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Gold is Overbought, May Drop 6%

Yesterday, gold returned to the headlines after making a new record high of $1,610.70, despite closing lower on the day. Today’s price action on gold futures for August delivery suspiciously tested $1,581 and rebounded back towards the $1,600 level. The

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Dollar Recovers After Fed Suggests QE3 is Not Definite

In New York, the euro pared earlier gains and traded lower against the U.S. dollar after Federal Reserve Chairman, Ben Bernanke’s testimony weakened certainty that the U.S. economy will receive a third round of quantitative easing (QE). The U.S. dollar

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US Jobs Report Disenchants Investors, Gold Rallies, Stocks Drop

The U.S. dollar initially tumbled against most of its major trading partners after the U.S. Bureau of Labor Statistics reported that U.S. businesses created a meager 18,000 jobs in June.  This was the smallest increase in nine months and it

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