China’s taste for gold has grown immensely in recent years. It’s the world’s largest gold producer and is extracting at an unheard-of rate relative to its reserves, all of which it keeps within its borders. It also imports copious amounts of gold. Just how much it is importing remains somewhat of a mystery, however, as the government doesn’t release official statistics. Read more about China Simultaneously Opens a Door and Lowers a Curtain 04-21-14
Stocks rebounded today following their worst showing in two years last week. The selloff, which was not unexpected, has been nothing more than a much-needed correction following a better than 8 percent advance for the S&P 500 from the February lows. But investors are understandably skittish in light of recent overseas news. Read more about A Buying Opportunity in the Making 04-14-14
Yesterday, U.S. stocks experienced one of their worst days of the year. The S&P 500 declined more than 2 percent for the third time this year, and after today’s action, all of the major averages are underwater for the year.
Read more about Special Market Update 04-11-14
The U.S. economy appears to be thawing out after this past winter’s deep freeze. But the warm-up is likely to be a slow process. Friday’s release of the March jobs report, for instance, offered a tepid assessment of the nation’s employment situation.
Read more about The Economy Is Looking Ever So Slightly Up 04-07-14
Janet Yellen today made her first public remarks since the press conference two weeks ago after the Federal Reserve’s policy setting meeting at which she spooked investors by implying the central bank would begin tightening credit in about a year. Other Fed officials subsequently hurried to dispel those expectations. Read more about Europe's Dance With Deflation 03-31-14