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Written by Brad Zigler
Monday, 09 March 2009 13:08

Real-time Inflation Indicator (per annum): 6.9%

Gold's rising meteorically – that is, if you have to pay for it with pound sterling. While some citizens on this side of The Pond are scratching their heads over gold's to-date failure to make new highs against the Yankee dollar, British subjects have left their pates pretty much alone. Gold, for those paying in quid, has risen 42% since last August. Greenback users have had to contend with barely a 1 percent rise.

Indeed, the dollar's dropped back in

the gold derby, trailed only by Japan's yen. Since the summer, in fact, gold's cheapened by nearly 8 percent in Nippon. ...

Written by Brad Zigler
Wednesday, 04 March 2009 12:03
Real-time Inflation Indicator (per annum): 7.0% (New Low)

A 2.2% year-over-year increase in gasoline demand reflected in this week's U.S. Energy Department inventory report seems to belie dire prognostications about the U.S. economy. Last year, gasoline prices were on the rise, just as they are now.

Crude oil prices moved steadily higher overnight after leading the petroleum complex rally in yesterday's NYMEX day session. Tuesday's trading ended with a 3.7% rise in oil prices. Gasoline and heating oil futures rose 2.6% on the day.

Traders apparently sensed the oil supply situation in anticipation of the report. This morning's ...

Written by Brad Zigler
Wednesday, 04 March 2009 12:03

Real-time Inflation Indicator (per annum): 7.0% (New Low)

A 2.2% year-over-year increase in gasoline demand reflected in this week's U.S. Energy Department inventory report seems to belie dire prognostications about the U.S. economy. Last year, gasoline prices were on the rise, just as they are now.

Crude oil prices moved steadily higher overnight after leading the petroleum complex rally in yesterday's NYMEX day session. Tuesday's trading ended with a 3.7% rise in oil prices. Gasoline and heating oil futures rose 2.6% on the day.

Traders apparently sensed the oil supply situation in anticipation of the report. This ...

Written by Brad Zigler
Monday, 02 March 2009 12:54

Real-time Inflation Indicator (per annum): 7.3%

Earnings for Yamana Gold, Inc. (NYSE: AUY) are due Wednesday. If past history is any indication, the market's reaction – no matter what the number – is bound to be significant.

Why? Well, first of all, Yamana's earnings have a tendency to surprise analysts. Three of the last four earnings releases were double digits away, percentagewise, from the consensus forecast. To the upside and the downside. Net the last year's earnings surprises and what do you get? Eighteen percent. Negative 18 percent.

Is that the kind of surprise we're likely to see Wednesday? Can't say for certain. ...