The dollar doesn’t know what it wants to do this morning. It could come under more pressure if the Euro gets a boost. Why would that happen? Read the following story …
Mon Dieu! Europe to Lead Global Recovery? The Wall Street Journal observes dryly, “Europe recovers as U.S. lags.” The newspaper writes, “The news that Europe’s economic engine is rebounding suggests the region is joining the recovery under way in China and increasingly elsewhere in Asia, exemplified by India’s announcement Wednesday that industrial production in June rose nearly 8% from a year earlier.” The picture in the United States is far different, “with uneven consumer spending in the U.S., where retail sales unexpectedly fell 0.1% in July, as American households are hurting from job losses, a weak housing market and tight credit.”
I’m just happy to slide into the weekend. Here’s what I’m reading …
Gold higher as dollar falls after CPI; silver hits 2-month high Gold futures rose Friday, poised for a slight weekly gain, as the U.S. dollar fell after consumer price data, raising gold’s appeal as an alternative investment. In other metals, silver climbed above $15 an ounce to hit a two-month high as hopes for an economic recovery raised expectations that industrial use of the metal will increase.
XX Sean’s note - gold may be up, but it’s off the highs it hit earlier today.
6 weird things people sell for cash When the recession began to really hit home, there was plenty of chatter about selling your plasma, undergoing paid medical tests, and even cutting off your lovely locks for a profit. Here are some of the more off-the-wall commodities we found, and they are making some people a bit more comfortable these days.
Why you should outsource your chores Outsourcing chores by hiring a cleaning service or personal assistant might sound like the kind of splurge that a recession-era budget would quickly eliminate. But outsourcing certain household tasks can end up saving so much time and energy that the cost is well worth it — as long as you use your newly freed-up time wisely.
Space Images Forewarn of Indian Groundwater Crisis, Journal Nature Reports Orbiting satellites measuring the gravitational pull of water below the earth’s surface confirm what authorities in India suspected for more than 20 years: groundwater is shrinking in some of the nation’s driest areas.
Corn Heads for Weekly Gain as Oil Rally, Dollar Weakness Increases Appeal Corn headed for its second weekly gain in three as rising crude oil prices and a weaker dollar increased the grain’s appeal to investors and purchasers outside the U.S.
Gasoline Futures May Fall to $1.76 Within a Month: Technical Analysis Gasoline futures may fall from $2.02 a gallon to $1.76 by mid-September and below $1.35 by the end of the year, according to technical analysis by Infinitytrading.com.
Chart of the Day is talking about gasoline, too …
Finally, I have a new UncommonWisdomDaily.com column, Four Fascinating Facts on Gold: http://tinyurl.com/m4u29w.
Related Posts
- Weekend News Roundup — Insider Selling and More (04/25/09)
- Have a Great Weekend (05/22/09)
- A Little Humor for Your Weekend Slide (10/02/08)
- Have a Good, Long Weekend (08/28/08)
- Weekend Media Fiesta (05/01/09)
{ 0 comments… add one now }