Gold is trading up nicely today. Gold prices have moved up $9.50 an ounce today to $1,114.0o an ounce. As the recession has hit the dollar hard, gold prices have been steadily moving higher, and it looks to close out the first quarter with its sixth consecutive quarterly gain. The dollar has been pretty weak, and continued to move lower today on news that the economy shed more jobs during March that ...

Oil prices have continued to move higher today, hitting a new record high of $130.47 as investors continue to push prices higher in reaction to the slumping American dollar. Last week it had started to look as though the dollar was making a comeback, but that has changed, and now the dollar is once again dropping, and as a result oil prices are moving into new territory. The euro is moving ...

With all the concerns that we have been hearing about a possible recession this year, it was good to see that the U.S. economy did grow during the first quarter, even if it was just bit a small amount. According to a report from the Commerce Department today, the economy grew at 0.6% during the first quarter of the year. That is the same growth that we saw in the last ...

Oil prices have continued their recent surge following this week's inventory report from the Energy Department. Oil has jumped $2.65 to $111.15, and are very close to hitting its historic all time high of $111.80. Prices moved up as high as $111.43 immediately following today's report. The market had been pretty flat for most of this morning, in anticipation of today's report. What we have seen is a drop of oil ...

I have decided that starting this weekend I will start using Sunday's as a day to post some interesting blogs I run across online. Since I just decided this this weekend, the posts for today will be mostly articles over the past day or two, but starting next week I will begin collecting articles through the course of the week so I can list articles from the whole week. Here are ...

Gasoline prices moved up overnight to set a new record high last night... the second record high in as many days. According to AAA, the national average for a gallon of regular unleaded has now reached record levels of $3.303 for a gallon. The current price of gasoline has been rising in reaction to the recent run up of oil prices and the weak dollar, and resulted in a 22% jump ...

This morning we were seeing the markets in the red, but they were given a bit of relief following Fed Chaiman Ben Bernanke's testimony to Congress today. Ironically, it was Bernanke himself that had initially put the markets into the red when he stated that there was a decent chance that the U.S. economy would contract during the first half of this year. With all the recession rumors and fears floating ...

Consumer confidence has fallen to levels that we have not seen for nearly 35 years. According to the Confidence Board, consumer confidence in March has dropped to 64.5, a level not seen since the Nixon administration. There are three main factors contributing to the erosion of consumer confidence currently; falling stock prices, falling home values, and finally... the dollar setting record lows against the euro. It seems like everyday we turn ...

After a tough day yesterday, futures are looking OK this morning and we should be set for a positive open this morning. It has been a roller coaster week that saw the DOW rise 420 points on Tuesday, and the follow that up with a drop of 300 points in yesterday's market. Helping this morning is a strong earnings report out of shoe and apparel giant Nike Inc. (NYSE: NKE) which ...

Oil prices have been dropping today after we were given a bearish inventory report from the U.S. Department of Energy. Going into today's report the market had been expecting to see another rise in inventories and that is exactly what it was given. While the increase was lesser than had been expected, it was enough to catapult prices much lower this afternoon. Analysts had been expecting to see an increase of ...