Author Archive | aaron

CBOT set to take gold and silver electronic

By Jeremy Grant in Chicago The Chicago Board of Trade plans to launch electronically traded gold and silver futures contracts in a move that could challenge the New York Mercantile Exchange’s global leadership of precious metals trading, derivative exchange sources said. The plans come as the world’s largest derivatives exchanges battle for dominance of trading […]

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Let the Market Do the Talking…

By: Mark M. Rostenko, The Sovereign Strategist Quite the interesting stock market environment we find ourselves in lately, is it not? The data is bullish, the so-called recovery appears to be in full swing (the operative word being “appears”) and yet the S&P 500 has broken under critical support to post a new 7-month low. […]

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A Compelling Case for Globalization

from knowledge@wharton In the fierce debate on globalization, Jagdish Bhagwati, a highly regarded authority on international trade who has advised the United Nations on globalization, stands out as a voice of reason. Currently teaching at Columbia University, he argues persuasively for the world-wide embrace of free trade in a book which should respond to some […]

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The Blessings of Deflation in Japan

We have all heard how deflation is supposed to prevent growth and create a economic depression. Yet for the latest 2 quarters Japan has outperformed the US not to mention the UK and the Euro zone with a growth rate of more than 6% at an annual rate compared to 4% in the US and […]

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COMEX gold ends up on bombings, weak dollar

NEW YORK, May 17 (Reuters) – Safe-haven buying lifted COMEX gold on Monday after bombings in Iraq and Turkey shook the dollar, but profit-taking cut gold’s gain after news a weapon containing the nerve agent Sarin was found in Iraq. June gold closed up $2.50 at $379.60 an ounce, backing off the top of its […]

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Inflation Appears to Be Returning

By Jeannine Aversa, Associated Press Writer WASHINGTON – Inflation appears to be stirring from its hibernation. Consumer prices are advancing in the first four months of this year at a pace twice as fast as the increase for all of 2003. That in turn is increasing chances that the Federal Reserve will boost interest rates […]

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Commodity stocks dive on rate fears

Anthony Tran and Gladys Tang With Chinese inflation rising at the fastest pace in seven years, commodity stock prices began to fall sharply yesterday amid concerns that Beijing would take measures to seriously slow down the economy. Investors are increasingly worried that if China – now the world’s largest consumer of many raw materials – […]

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The Threat of Rising Interest Rates

By: Gary North, Mises on Money Gold is down. Stocks are down. Bonds are down. What’s going on here? Worries about interest rates are blamed by most commentators. But why should worries over interest rates push all three markets lower? These markets are usually thought to move independently or even conversely to each other. What […]

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CFTC Proposes Changes To Trade Reporting Rules

The Commodity Futures Trading Commission is proposing to raise the reporting levels at which futures commission merchants, clearing members and foreign brokers must file large-trader reports in certain commodities. In addition, the CFTC is proposing changes in the way certain new products, such as exchanges of futures for swaps, and how should be reported under […]

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Banker rejects inflation analysis

By Andrew Balls in Washington Anthony Santomero, the president of the Federal Reserve Bank of Philadelphia, yesterday rejected warnings that rising commodity prices were a significant threat to US inflation, while inflation expectations in the US remained controlled. “For commodity prices to increase the rate of inflation on asustained basis, they would have to rise […]

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