Finance
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Gold has broken through to yet another record high. The previous high of $1226 per troy ounce was set in November 2009. Since then the gold market has dropped as low as $1044. We are now in the middle of 2010 and gold is trading $20 higher than its previous record level. In an almost contrarian view to the Euro, it is the bears who are looking a touch green about the gills, especially ...
Stocks sold off across the majority of Asia. Shanghai set a new low for the move with a decline of 1.9% and the Hang Seng, Nikkei and Australia all lost more than one percent on the session. Europe is also getting hit with many indexes down two percent or more; currently the Footsie is down 1.7% and the Dax is off slightly more than one percent. US stock futures are down about one percent this ...
Just when we thought it was safe to go back in the water the Greece debacle has blown up once again. Greek debt has been on a truly epic journey recently and now ten year yields have moved from circa 7.5% to 8.9%. 2 year debt is now over 10%. The value of the debt has fallen by almost 20% since the end of March 2010. On a comparable basis, the total debt owed is close to €300bn ...
