http://www.goldseek.com Fri, 09 May 2008 18:46:57 GMT The latest news from GoldSeek.com. en-us Copyright GoldSeek.com, Gold Seek LLC Gold Seek LLC Fri, 09 May 2008 18:46:56 GMT http://news.goldseek.com/EuroCapital/1210358816.php http://news.goldseek.com/EuroCapital/1210358816.php For those holding out hope that the American economy can miraculously avoid a long and deep recession consumer credit is often viewed as the wonder drug that can cure all manner of economic ills. As such, this week’s report showing $15 billion growth in consumer credit was widely heralded as proof of America’s economic strength and resilience. However, we are now suffering the after effects of too much debt, and our salvation cannot be found in more of the same. Fri, 09 May 2008 18:31:41 GMT http://news.goldseek.com/DailyReckoning/1210357901.php http://news.goldseek.com/DailyReckoning/1210357901.php -The war between the 'flations drags on…nobody is going to cut back on spending unless they are forced to… -Inflation has become globalized - and soon it will come in, not as a kitty, but as a mean panther… -In the United States, you are on the pot-holed highway to Hell…and more thoughts, insights and advice to take you into the weekend! Fri, 09 May 2008 17:00:00 GMT http://news.goldseek.com/GoldForecaster/1210352400.php http://news.goldseek.com/GoldForecaster/1210352400.php Some talk of the end of the credit crunch. Some say that the gold bull market has suffered severe damage, which will affect its long-term prospects. If we were to accept these statements then it would appear that the gold ‘bull’ market is over. But are these statements acceptable and do they reflect the true picture underlying the gold [and silver] markets? To get the proper perspective let’s stand back and look at the ‘big’ picture. Fri, 09 May 2008 16:30:00 GMT http://news.goldseek.com/GoldSeek/1210350600.php http://news.goldseek.com/GoldSeek/1210350600.php Why are wealthy investors swapping gold futures for physical metal that they own outright...? Fri, 09 May 2008 16:25:56 GMT http://news.goldseek.com/Zealllc/1210350356.php http://news.goldseek.com/Zealllc/1210350356.php Gasoline, usually taken for granted, is weighing heavily on consumer sentiment today. In the States, the AAA just reported that retail gas soared to an average of $3.65 per gallon nationwide! This all-time record high is motivating Americans to drive less, drive slower, and migrate to more efficient cars to save fuel. Fri, 09 May 2008 15:14:46 GMT http://news.goldseek.com/GoldSeek/1210346086.php http://news.goldseek.com/GoldSeek/1210346086.php In today’s missive we are going to cover the creeping socialization of the G7 banking system and the second act of the horror show known as biofuels. Slowly but surely, the central banks of the G7 are taking over the short term funding needs of the money center and investment banking industries. Fri, 09 May 2008 15:01:00 GMT http://news.goldseek.com/GoldSeek/1210345260.php http://news.goldseek.com/GoldSeek/1210345260.php Gold edged closer to the $900 level in earlier trading, but has since retreated into the range on news that the US trade deficit narrowed more than expected in March. Nonetheless, the recent gains are encouraging. A softer dollar tone and another round of new record highs in oil should continue to support the yellow metal. Fri, 09 May 2008 13:02:53 GMT http://news.goldseek.com/GoldSeek/1210338173.php http://news.goldseek.com/GoldSeek/1210338173.php PHYSICAL GOLD BULLION reached a nine-session high at the AM Fix in London on Friday, nearing its first weekly gain in four as world stock markets fell hard and crude oil recorded yet another all-time high. Fri, 09 May 2008 12:26:00 GMT http://news.goldseek.com/GoldSeek/1210335960.php http://news.goldseek.com/GoldSeek/1210335960.php Inflation still remains the main focus of the ECB despite the recent weak Eurozone data. Trichet’s tone remained steadfast and soft language was not on the menu at yesterday’s press conference following the interest rate decision. The BOE also left interest rates on hold yesterday amid recent negative economic data. Overall, the market expected both outcomes. Fri, 09 May 2008 06:07:00 GMT http://news.goldseek.com/GoldSeek/1210313220.php http://news.goldseek.com/GoldSeek/1210313220.php Much discussion has taken place in recent weeks, regarding the possibility that gold and silver might continue to sink to lower levels, as the summer doldrums set in. Investors soon become shell-shocked with negative market analysis that looks at a half-full glass of water and refers to is as ‘half empty’.