Europe Scrambles for Solutions, by Tim Duy: Monday morning is fast approaching, and European leaders are scrambling to come up with something credible to float ahead of the market opening. Recall that we ended last week with the S&P downgrade of Belgium, and policymakers would like to have something on the table in response.
The Gold Bugs Index, the HUI, remains under pressure as it stands at 113.89, having tested the '100' level no less than 5 times in recent months. The summer doldrums continue with the precious metals sector struggling to catch a rally or make a meaningful move north, but are things about to change?
Black Friday is a big and usually good trading day for the retail sector; however, for gold prices it was a punch on the nose. Gold suffered a loss of $14.30 to close at $1056.10/oz, its lowest level since early 2010.
It’s been almost 50 months since the gold traded at the dizzy heights of $1900/oz back in August 2011, to the delight of every gold bug on the planet. However, since then it has been a slow grind south with rally after rally proving to be just another head fake. Gold has now lost $845.00 or 44.47% of its value in dollar terms, since peaking back then.
Many have called
A new special report from Jeff Clark, Senior Analyst at the Hard Assets Alliance, has just been published and is available for promotion to your audience.
This report titled, Three Major Shifts That Signal Risks to Your Investments Are Headed Higherdiscusses three economic and monetary trends that, in combination with recent events, create an environment ripe with investment risk...risk that many investors underestimate.
Here is Jeff's introduction that begins the report: