The Buzz
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Gold is not just a lunatic fringe investment
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.
Gold is often derisively referred to as an investment that only kooks who are preparing for the end of the world in a bunker can love. But it might be time to stop with all the MORE
Paul R. La Monica - Sep 25, 2012 12:53 PM ET -
Oil breaks $100, but don't expect QE3 boost to last
Fresh stimulus action from the Federal Reserve drove commodity prices sharply higher Friday, but experts say don't expect the QE3-fueled boost to last long.
Crude oil prices briefly topped $100 a barrel for the first time since early May Friday morning, as investors grew encouraged after the Fed announced a third round of quantitative easing, or QE3, saying it would buy $40 billion of mortgage-backed bonds each month for however long it deemed necessary.
The Fed's open-ended bond MORE
Hibah Yousuf - Sep 14, 2012 2:25 PM ET -
Oil and gold surge, dollar falls on Fed action
Oil and gold prices surged Thursday after the Federal Reserve announced another round of stimulus measures that many investors say could significantly weaken the U.S. dollar.
In its third round of quantitative easing, the Fed plans to buy $40 billion in mortgage-backed securities each month for an indefinite period of time. In addition, the central bank said it plans to maintain its easy monetary policies even after the economy begins to MORE
Ben Rooney - Sep 13, 2012 2:47 PM ET -
Why the founder of the world's largest hedge fund isn't worried
The possibility of a worldwide depression or a market crash doesn't keep Ray Dalio, founder of the world's largest hedge fund, up at night.
The world, especially southern Europe, may be standing on the edge of an abyss, says Bridgewater Associates' Dalio, but he has faith in the power of central bankers around the globe to essentially print money as needed.
"The world has a lot of liquidity," Dalio said Wednesday morning, MORE
Maureen Farrell - Sep 12, 2012 2:03 PM ETPosted in: alpha, beta, bonds, Bridgewater Associates, depression, federal reserve, gold, hedge fund, Ray Dalio, stocks -
Gold and silver surge on Fed hopes
Gold and silver prices gained some luster Thursday, after the minutes from the Federal Reserve's last meeting revealed that the central bank is leaning toward launching a third round of bond purchases, known as quantitative easing or QE3.
In fact, the additional stimulus could come "fairly soon" unless the economic recovery regains substantial and sustainable strength, the minutes said.
Gold futures for December delivery rose more than 2% to $1,674 an ounce Thursday, while silver prices for MORE
Hibah Yousuf - Aug 23, 2012 1:30 PM ET -
Gold demand falls on weakness in China, India
Global demand for gold sank in the second quarter as buyers in China and India slowed their purchases of the precious metal, according to a report Thursday.
The World Gold Council said gold demand fell 7% in the second quarter from the same quarter last year.
The drop in demand came as gold prices averaged $1,609.49 in the quarter, up 7% from the average price in the same quarter last year.
Gold prices MORE
Ben Rooney - Aug 16, 2012 1:07 PM ET -
Why Warren Buffett may be wrong on gold
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.
Warren Buffett is one of the world's most famous and successful investors. You have to take almost anything he says seriously. But his loathing for gold? That's another story.
The Berkshire Hathaway (BRKA) (BRKB) chairman and CEO MORE
Paul R. La Monica - Jul 31, 2012 1:13 PM ET -
Gold bugs need help from Fed
Gold has enjoyed a mini-rally in the past few weeks even as other commodities have plunged on continued concerns about the health of the global economy.
Through Tuesday's close, gold was up 2% since mid-May. Meanwhile, prices of the far more useful copper were down 3%. Corn futures are down 4%. Other demand-sensitive commodities like oil and wheat have each fallen nearly 10%. And coffee is in decaf mode. Prices have MORE
Paul R. La Monica - Jun 20, 2012 1:40 PM ET -
Investors run for cover as fear intensifies
If you thought last week was bad, it's just gotten a lot worse.
A series of disappointing manufacturing reports were topped off Friday with dismal jobs numbers that showed a paltry 69,000 jobs were added to the U.S. economy in May.
Related: Behind the jobs report
If that's not enough to give you agita, the yield on the 10-year note tumbled to a record low of 1.46% today. It's not MORE
Catherine Tymkiw - Jun 1, 2012 2:35 PM ETPosted in: calls, cnnmoney, fear, Fear & Greed, gold, investor, outflows, puts, stocks, treasuries, Wall Street
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