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Kerri Shannon: Gold prices (NYSE:GLD) hit a two-month low Wednesday after the Federal Reserve indicated no new stimulus measures would be issued, and silver prices (NYSE:SLV) slumped to a seven-week low. Read more…
Kerri Shannon: The Dow Jones Industrial Average (NYSEArca:DIA) closed above 13000 yesterday (Tuesday) for the first time since May 19, 2008, as investors remain optimistic amid global economic unease. Read more…
Kerri Shannon: Billionaire hedge-fund manager John Paulson wrote a letter to investors saying now is the time to buy gold, as prices are going to soar this year. Read more…
Kerri Shannon: All eyes are on North Korea and its repressed economic system this week after the country announced early Monday that Kim Jong Il, the ruling dictator for 17 years, died Saturday. The political instability to follow Kim Jong Il’s death could ripple through the global economy, weighing on Read more…
Kerri Shannon: If you’re concerned about where gold prices (NYSEARCA:GLD) are headed after yesterday’s (Wednesday’s) bear-market buzz, don’t be. This is just a brief pit-stop in what continues to be an epic bull-run for the yellow metal. Read more…
Kerri Shannon: The damaging global economic effects that Europe’s unfolding debt crisis pose have caused a sharp reversal in China’s monetary policy – one that will lead to a greater expansion of the Red Dragon’s economy. Read more…
Kerri Shannon: Anyone who hoped the U.S. economy would get back on track in 2011 was sorely disappointed. The European sovereign debt crisis and the abysmal failure of policymakers to take effective action undermined any chance we had at a strong recovery. Read more…
Kerri Shannon: While many Americans continue to struggle to save money, members of Congress are getting richer. A Roll Call analysis of Congress members’ financial disclosure forms showed their collective net worth was more than $2 billion in 2010 – a 25% leap from 2008. Minimum net worth in the Read more…
Kerri Shannon: Customers won a victory in early November when their protests prompted Bank of America Corp. (NYSE:BAC) to drop new banking fees on debit cards. Read more…
Kerri Shannon: Unless you’ve stocked up on enough food to hold you through next year, you won’t be able to avoid the effects of food inflation. Read more…
Kerri Shannon: Now that we’re in November, prepare to see retailers gear up for what will be a particularly brutal holiday shopping season. High unemployment and tight credit will limit the amount of consumer spending dollars available to retailers (NYSE:XRT). Read more…
Kerri Shannon: If you weren’t convinced before, hopefully you’ve seen the light now: Don’t buy bank stocks. Money Morning Global Investing Strategist Martin Hutchinson Read more…
Kerri Shannon: For decades, Wall Street offered the allure of big league paydays and behind-the-scenes power. But since the 2008 financial crisis there’s been a growing sense – or even hope – that The Street’s stride had been broken. After all, demand for a financial system overhaul, regulatory reform, and a crackdown Read more…
Kerri Shannon: With ”Operation Twist,” U.S. Federal Reserve policymakers are attempting to use an old strategy to launch a new attack on the wheezing U.S. economy. Read more…
Kerri Shannon: If you’re handicapping the U.S. Federal Reserve’s two-day Federal Open Market Committee (FOMC) meeting that concludes today (Wednesday), you can make the following two predictions – and you’ll almost certainly be right: Read more…
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