President Barack Obama’s attempt to tighten the government’s reins on Wall Street is losing momentum as banks gain traction against his proposal for increased consumer protections and key lawmakers question his call for standardized financial products.
That the financial industry could successfully push back against such a plan would have been unthinkable a year ago, when [...]
Written on September 22, 2009 | Posted in
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LONDON (AP) — Gold prices rose above $1,000 per ounce on Tuesday to its highest since March 2008 — suggesting investors are wary of the U.S. dollar’s weakness and expect international interest rates to remain low for some time.
The gold contract for December delivery traded up $6.50, or 0.7 percent, at $1,003.20 per troy ounce [...]
Written on September 8, 2009 | Posted in
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Northgate Minerals Corp (NXG) (read previous blogs here: NXG ) has seen some selling pressure over the last few weeks after a very strong uptrend sent the shares to the $2.50 level.
However once again I must say that I think Northgate Minerals is only seeing another basing pattern and the outlook remains strong [...]
Written on September 7, 2009 | Posted in
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WASHINGTON (AP) — A key senator has circulated a new proposal that could breathe new life into President Barack Obama’s effort to bring affordable health care to all Americans.
Democratic Sen. Max Baucus, who is Senate Finance Committee chairman, is part of a six-member bipartisan group trying to craft a bill satisfactory to both parties. The [...]
Written on September 7, 2009 | Posted in
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