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September 8th, 2009

Gold Hits Recent High

(Lee Siler) - This morning gold futures continue their tear, as the precious metal trades over $1000 per ounce, the highest level since March of 2008. Technical momentum and a weaker dollar are certainly adding fuel to the fire. Gold is not the only metal staging an impressive rally. Silver has rallied more than 30% over the past few months.

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September 4th, 2009

Jobless Rate Jumps to 9.7%

(Lee Siler) - Yesterday, the market broke a four-day losing streak, as Wall Street was waiting for this morning's jobs report. Despite much speculation, the Labor Department reported that unemployment rose to 9.7% compared to an estimate of 9.5%. However, the news wasn't all bad, as U.S. employers cut a fewer-than-expected 216,000 jobs. The hike in the unemployment rate came from revisions the Labor Department did for June and July.

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