The dollar continues to gain ground after tumultuous elections in France and Greece that brought the era of paying the banks before paying for social services to a screeching halt.
The situation in Europe is again spurring gold demand as investors are faced with more uncertainty surrounding sovereign debt load and the ability of some of the region’s largest economies to pay their bills.
The former Louisiana Congressman will have to report to prison on May 4 to serve a 13 year sentence. It is the longest sentence ever issued for a congressman in a corruption case.
Gold and silver prices do really want to go up, but as long as the dollar keeps gaining against the euro prices are going to stay down.
Why is Rep. Barney Frank rounding up his liberal legislative militia to oppose the Sound Dollar Act of 2012? This is a bill recently introduced by Rep. Kevin Brady, top Republican on the Congressional Joint Economic Committee. It is co-sponsored by 31 of his House colleagues and has a Senate counterpart from Utah’s Mike Lee.
The dollar view on the economy and stocks is a minority case, but a very important one that should not be overlooked.
The odd movements in commodities prices can be traced to more comments by Federal Reserve Chairman Ben Bernanke who suggested that the recovery in the U.S. economy is not assured.
The reality is, oil, gas, and coal -- not wind, solar, geothermal, and algae -- are going to be crucial to America’s transportation, electricity, and economic growth for many decades to come.
The Administration and the Hollywood elite are not responsible for this claptrap. We are. We have to ask some tough questions.
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