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Dollar's drop and oil fears cause gold rush Bullion price hits seven year high Larry Elliott Friday September 26, 2003 The Guardian (UK) Fears of a prolonged slump in the value of the dollar sent gold prices to their highest level in seven years yesterday as investors sought a haven from the turbulence of the foreign exchanges. The price of gold rose by $5 to just over $390 an ounce in London trading amid speculation that the $400 barrier could be breached in the coming weeks. With the financial markets unsettled by the sharp drop in the dollar and by...

Home  l  Broadcast  l  WrapUp  l  Storm Watch  l  Perspectives  l  Sitemap  l  About Us Apocalypse This Way Comesby Nelson HultbergSeptember 2, 2003 A smattering of today's mainstream pundits is beginning to understand that what economically plagues us today is something quite different from the standard inflationary-recessionary cycles that have prevailed since World War II. But the great majority of talking heads and financial columnists remain clueless -- dutifully accepting the establishment line that depicts the nature of recessions from past models. The error in this view is that all recessions since World War II have been the result...