NuWire Investor: Latest News

Will Gold Prices Increase to $2,000?

Jason Simpkins — Fri, 20 Nov 2009 16:10:00 GMT

Gold is proving its resilience as the dollar declines. The yellow metal continues to break price records, and is on track to hit $2,000 an ounce as demand outstrips supply. With world banks likely to follow India's recent landmark purchase, and opt for precious metal assets over the greenback, mining...

Bay Area Real Estate Market Approaches Return To Normalcy

DQNews — Fri, 20 Nov 2009 16:09:00 GMT

Although trends in the Bay Area real estate market remain mixed, early signs of recovery emerged in October, when the nine-county region posted its first year-over-year gain in median home prices since 2007. Increased FHA loans, increased sales of higher priced homes and a decline in the number of...

French Investment Firm Warns About Holding Dollars

Diana Golobay — Fri, 20 Nov 2009 16:08:00 GMT

French investment bank Societe Generale is advising customers to dump the dollar in favor of safer holdings, concerned that US federal debt poised to eclipse national GDP could be a recipe for global economic doom. SocGen recommends adopting a defensive position, avoiding European equities and choosing...

California Home Sales: Ratio Of Foreclosure Sales Shrinking

DQNews — Fri, 20 Nov 2009 16:06:00 GMT

October home sales in California were up slightly from September, however, they remained down from the same period last year. Sales of foreclosed properties were down from last year, but still made up more than 40% of the homes sold in October. See the following article from DQNews for more on this...

China Could Help Accelerate US Recovery

Jason Simpkins — Fri, 20 Nov 2009 16:02:00 GMT

Strong growth in China, as well as other parts of Asia over the next couple years, will help the US and other Western economies, according to a recent forecast by the Organization for Economic Cooperation and Development (OECD). At the same time, the OECD cautioned that high unemployment and rising...

Why Risk Of A Double-Dip Recession Is Low

Money Morning — Fri, 20 Nov 2009 16:00:00 GMT

While Obama's warning about a double-dip recession may have caused some worry, research of recessions dating back to the 1850's indicate that double-dip recessions typically occur in extreme conditions, unlike the present economic environment. According to some experts, a slow recovery is the most likely...