And here we go again- Spanish yields surged sending Asia and the Euro down today. It will be interesting to see how the American market responds when it opens tomorrow morning.
http://www.reuters.com/article/2012/04/16/us-markets-global-idUSBRE83B01H20120416
A lot of money is being moved to Germany as a result of the PIIGS fiscal issues. The Bundesbank recorded $11.3 billion euros in non-bank inflows in September contributing to a 700 million positive inflow in September. That is compared to a negative 47.3 billion euros in August. That is...
Gold hit 1800 a troy ounce not too long ago as investors continue to look for refuge from the economic worries in the United States, Europe, and elsewhere. It is at a nominal high, but still a few hundred/troy ounce below its all-time real high.