Gold broke another record today, closing at 1,556 on the Comex. Silver also moved closer to its all-time high. A weak dollar is seen by most analysts to be the cause of this huge bull run for both metals. The dollar index closed today at its worst level since September 2010, a 2 1/2 year [...]
Freddie Mac (OTC: FMCC) reports that both long-term fixed and ARM’s rates dropped this week on economic and housing news. This is the second consecutive week of lower rates. For the week ending April 28, 30-year fixed-rate mortgages had an average of 0.7 points and 4.78 percent interest for the week. That is down compared [...]
In the last few months there has been a constant increase in the price of grains such as corn, wheat, rice…. If the food crisis of 2007-2008 was mainly due to speculation and biofuels, currently production factors are to blame as months ago the main producers announced cuts in production because of problems in key [...]
Gold has maintained its uptrend in the middle of financial turbulence and last Thursday reached, for the first time, a record price of $1,500 per troy ounce as investors look for a safe shelter. With a remarkable performance for any kind of asset, the golden metal has broken records every day last week, in sessions [...]
The president of the American Federal Reserve, Ben Bernanke, will put an end, this week, to 97 years of tradition of an institution characterized by secrecy and opacity, when he appears in the first press conference after a monetary policy meeting. It will be the first of four press conferences that Bernanke, in order to [...]
I’ve recently been sharing steps to consider before investing in real estate in your IRA. There are layers and layers of complexity when it comes to this topic. Right now, I’m going to wrap it up with two commonly overlooked issues when it comes to real estate in an IRA. When I create a wealth [...]
The price of cotton futures has recently broken the $2 per pound barrier for the first time in history. The increase in the price of this raw material affects the production cost of clothes such as t-shirts and socks, but there is another item to add to the list, the dollar bill of the United [...]
Silver climbed 8 percent yesterday and it’s close to reaching it historical high of 1980, a fact that unchained a wave of technical sales in the middle of a record volume in the United States. The price of gold also reached a historical high for the seventh consecutive day. The volatile prices of silver in [...]
Both corn and wheat are up sharply after the U.S. Department of Agriculture’s crop report pointed out mixed progress on corn and wheat. Corn was up between 16 to 25 1/4 and wheat was up 25 3/4 to 27 3/4. Soybeans and oats were also up sharply. Corns rise was contributed to the USDA reporting [...]
The U.S. Department of Agriculture reported mixed progress on crops planted this year. Winter wheat is in good shape with 94 percent in fair to excellent shape. In California a setback occurred with only 55 percent of the crop reported in excellent condition, a big drop from from the 70 percent reported a week ago. [...]