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What To Make Of The Dramatic Drop In Gold Prices

As I write this post on April 15, spot gold prices, according to Bloomberg, settled down approximately 9% for the day (which marks the biggest one day decline since February of 1983), while spot silver prices were down approximately 12% for the day.

 

12,000-plus MF Global customer claims deemed valid

MF Global

The trustee for MF Global's fallen brokerage said he is nearly halfway through the process of determining the validity of more than 25,000 claims from commodities customers burned by MF Global's collapse.

 

China posts 1st quarterly trade deficit in 6 years

China posts 1st quarterly trade deficit in 6 years

China reported its first quarterly trade deficit in six years Sunday as surging prices for commodities pushed up its import bill.

 

G20 too divided to back tough curbs on speculators

G20 too divided to back tough curbs on speculators

French hopes for tough curbs on commodities speculation to tame soaring food prices look set to be thwarted as leading producer nations line up to oppose market interference.

 

Hollywood Stock Exchange set to launch

Hollywood Stock Exchange set to launch

Hollywood Stock Exchange is tentatively set to launch as a real-money commodity exchange April 20.

 

Chevron, BofA Push Stocks Higher

U.S. stocks gained, as rising commodity prices boosted energy stocks, concerns about European governments' debt loads eased and data showed a brightening outlook for New York area manufacturing.

 

Stocks, Oil Climb; Dollar Slides

Stocks, Oil Climb; Dollar Slides

Stocks climbed, led by the materials and energy sectors as commodities prices rose and the dollar fell.

 

Stocks Rise as Fed Mulls Rates

Stocks Rise as Fed Mulls Rates

Stocks gained, the dollar slid and commodities rose as the Fed prepared to begin a two-day meeting on interest rates.

 

Shaky Earnings, Data Hit Stocks

Major stock gauges declined as weak earnings and worries about commodity demand weighed on raw-materials companies.

 

Recovery Hopes Drive Market Gains

Stocks and the prices of oil and other commodities rose as hope for a global economic recovery grew despite GM's woes.

 

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