Gold Price January 2009
Stocks spike more than 1% on hopes for Europe (KSAT)
U.S. stocks opened sharply higher Monday, as investors grew optimistic at the
start of what could be a pivotal week for Europe’s debt crisis. The Dow Jones
industrial average gained 146 points, or 1.2 percent, the S&P 500 added 17
points, or 1.3 percent and Nasdaq rose 33 points, or 1.2 percent. As the
European debt crisis continues, leaders are expected to meet this week for yet
another summit to talk about rewriting European Union treaties. French
President Nicolas Sarkozy and German Chancellor Angela Merkel met Monday
morning to discuss ways to safeguard the euro by increasing economic and
political “convergence.” Both eurozone leaders said last week that a fiscal
pact should be written into the EU treaty, so that budget rules can be
properly enforced through broader oversight and automatic penalties for
nations that fail to comply. U.S. stocks ended a stellar week with a whimper
on Friday, erasing the morning’s big job-related gains, as concerns about
Europe’s debt crisis took over in the afternoon. “The financial disruptions in
Europe are exasperating the slowing tendencies that were already there,” Bruce
McCain, chief investment strategist at Key Private Bank said. “It’s a wait and
see issue, …
Silver & Housing: House Prices in Silver, Gold, Wheat, Corn, Soy; Market Cycles BUCHAN BULL VLOG 7.1
