Free Republic

Gold Price 'Set To Double In Four Years'Gold prices, which hit record highs last week, could nearly double again in the next four years, according to a report to be published tomorrow. By Garry White Published: 11:06PM BST 10 Oct 2009 Analysts at Edison Investment Research have predicted that the price of gold price could hit $1,879 (£1,185) an ounce by 2013, driven by the aggressive monetary policy of central banks around the world and a chronic shortage of the precious metal. Charles Gibson, a gold expert at Edison, argues in the report that the peak in the gold price...

NEW YORK (Reuters) - Disappointing first-quarter earnings from General Electric Co (GE.N: Quote, Profile, Research) and a drop in U.S. consumer confidence to its lowest in more than a quarter century in early April provided the latest signs the U.S. economy may be in a recession. General Electric, the second-largest U.S. company by market capitalization, on Friday posted an unexpected 6 percent drop in first-quarter profit. Profit at its financial services arm, which accounted for more than a third of GE's total revenue in the quarter, fell about 20 percent -- the biggest shock yet to American industry from the...

Did anyone hear Bob Brinker yesterday? I heard snippets, but was unable to hear the whole program. I am curious as to what his take on the current General Motors situation is. I wonder at some point will the situation foster his "model" to change his sentiment as to the direction of the market.