To overseas visitors the London Bus is as much a symbol of England itself as of just the capital city and perhaps this strike is indicative of things to come across Britain as belts tighten and public and private...
"The US Congress and President have passed the controversial $700 million US emergency economic rescue plan. But the reaction from Wall Street was negative, sending stocks even lower at the end of the worst week for...
In a truly stunning move, Peter Mandelson, the EU's Trade Commissioner, has been recalled to London to serve in Gordon Brown's cabinet. Mandelson was a powerful voice in Brussels, and it will be interesting to see...
"In this recent CNBC broadcast forecasting legend Dr Marc Faber put the spotlight on the Federal Reserve as the cause of the global financial crisis and accused it of behaving like a drug dealer in making liquidity available."
"Silver investors owe a serious debt of gratitude to Theodore Butler for alerting the US regulators to the manipulation of the silver market in August by two major banks in one of the most blatant actions since the days of the Hunt Brothers in the 1970s. "
" The Dow Jones last hit bottom at 7,000 points in 2003 and it is not unreasonable in current economic circumstances – which are surely very much worse than 2003 – to expect at least a return to those levels."
" Once this obvious truth becomes generally accepted then we can expect a sudden shift by retail investors into gold and silver for protection against inflation. Both are very small markets by comparison to global equities, real estate or bonds - particularly silver, so the...
A major shift in the stance of Iran in its relationship to Israel was quietly announced by Iran's normally bellicose President Mahmoud Ahmadinejad last week during an interview with Amy Goodman of Democracy Now while...
" But on Black Monday only one section of the stock market showed positive results: precious metal shares which had a leveraged gain on the gold price. In the choppy waters of financial markets this week there may be a chance for late-comers to the precious metals ball to...
" My rough calculation is 15-20 per cent in the past four months. That comes after Colliers International reported a 78 per cent gain in the 12 months to the start of summer. "
"Not since the Hunt Brothers tried to corner the silver market in the late 1970s has there been more dramatic news for silver prices than last week’s confirmation from the Commodity Futures Trading Commission enforcement division is investigating the silver market."
" In this climate the assets to hold are commodities in general, and precious metals in particular. Gold managed an eight-fold increase in the late 70s while silver soared even higher. Do not be surprised if history repeats itself, and oil prices also stay high."
"This is potentially the biggest thing to hit the silver market since the Hunt Brothers tried to corner the market in the late 1970s. Once the short positions are removed then the upside for silver is parabolic. "
" In any rising market for precious metals, and with inflation and dollar devaluation inevitable as part of the bail-out of the American financial crisis I do not see how we can be about to experience anything else, there have to be some associated asset classes that do...
"Australia A secured a place in the A Team Triangular Series final after allrounder Cameron White triggered a New Zealand A collapse that left his side needing 145 runs in 50 overs. Australia did the needful in 24.5; David Hussey hurrying matters with a 56-ball 78. New...