Tuesday, June 9, 2009
Gold Market Rally may be ending soon experts say
Gold prices rising tendencies may be at an end some Wall Street experts say due to the fact that banks are more reluctant to issue any more loans and the fact that unemployment is rising at a high scale ..Gold price has rallied 8.7 percent this year on fear of hyper inflation and the search of an alternative reserve to the dollar bill as a reserve currency ..experts like Jim Rogers and Marv Faber say they will continue to buy gold and commodities whether the economy grows or declines because in both cases gold silver precious metals raw materials natural resources and commodities in general are the best place to be Marc Faber said last month that US economy will become like that of Zimbabwe ...World gold mine production in 2009 is expected to increase by 20 tons to 30 tons from 2,416 metric tons last year, thanks to growth in the mines in Asia, Australia and west Africa,
Free Credit Card Tracking tool By Credit Karma
Credit Karma Inc., the Web site that offers free credit scores and financial advice to U.S. consumers, is adding a tool today to help users understand the components behind their credit reports.
The free service requires users to register and give personal information such as their Social Security number and date of birth. Users of the “Credit Report Card” will be able to see how their total debt, payment history and other factors may affect their scores. 
“Ninety-five percent of consumers don’t know any of these relationships and how they work in regards to a credit report,” said Ken Lin, the chief executive officer and founder of San Francisco-based Credit Karma, in an interview. “If you’ve ever looked at a credit report you’ve got 8 to 12 pages of data that doesn’t correlate to a credit score.”
Gold and Silver trading june 08 2009 : Bob Chapman
preciouse metals rally halts for a while , Silver is down platinum , uranium is down too , China playing tough and starting to ask Renmenbi Yuan Bonds , because she does not want to take in any US doillar treasury bonds , hyperinflation scenarion on the horizon , the system is starting to break down according to Bob Chapman
Commodities market is about to explode Gold, Silver and Oil prices shoting to the roof
The commodities market is about to Explode Oil, copper, platinum, gold, silver and now it looks like Natural Gas is going to be joining the party , lead the gains demand is increasing fueled by massive purchases from china which is apparently eager to dump its massive dollar reserves into the commodities market . Prices have risen in the commodities index by 13% in May, biggest monthly gain in 34 years while Crude oil continues to push to new month highs
Crude Oil prices will Spike says Shell CEO
commodities and crude oil price is particular is may be about to spike , according to Dutch Shell CEO who was heard this morning saying to Bloomberg that ""The economy will turn, demand will come back and the overcapacity of supply will disappear", Jeroen van der Veer says. crude oil prices are how rising to about 68 dollars a barrel still low compared to last summer record high of about 150 dollars a barrel , it seems that there is a rush towards commodities and especially crude oil by countries like China eager to get rid of their mass of US dollar liquidity from fear of hyperinflation scenario , despite that the dollar is gaining ground lately , this is far from being a sign of economic recovery , we are not out of the tunnel yet say experts
Student loans default are their highest rate in about a decade
Student Loans , College Grads Get 'D' for Debt
student loan debt and interest rates are a burden on student shoulders, how can you start your life with a 100K debt ! defaulting becomes the rule not the exception...diplomas do not come cheap , more and more students need a lending hand , banks , foreclosed home or repossessed car become the norm , loans investing intelligence are a complicated formula especially in a failing economy ,Graduates are leaving college with a mountain of debt, especially in these turbulent times , with no jobs perspectives and with an unemployment rate at about 8% according to official stats
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