Gold Bullion "Tests Downside Buying Interest"

 

  Gold Bullion rallied to $1725 per ounce Thursday morning, recovering some ground after yesterday's sharp drop during US trading, as stocks, commodities and the Euro also gained and US Treasury bond prices fell.

Silver climbed to $33.87 an ounce, 2.7% up on yesterday's low but 0.9% down on this week so far.

Argentine debt vultures win big, but have they broken sovereign investment?

 

 

   Question: when is a sovereign not a sovereign? Answer: when the rights in question are attached to Argentinian government debt – or at least, that is the worrying implication of a recent court ruling.

   The consequences of the New York court decision raises not just the prospect of an imminent Argentinian default but also deeply worrying questions about both the future tenability of sovereign restructures and the rights of governments under sovereign immunity.

Eurozone slips back into recession

Buffett: Eurozone may not survive

 LONDON - The eurozone has slipped into recession for a second time in four years, as the sharp fall in activity in debt-ridden southern Europe economies weighed on output across the region.

 

Is Colombia really better than the UK?

 

  My first trip to Colombia pretty much lived up to all of my expectations. I got robbed just after I crossed the border from Ecuador and then my bus was repeatedly stopped at military checkpoints and checked for weapons. When I finally got to Cali, a city in the south, my first night’s sleep was shattered when guerrillas blew up a police station.

 

The price of gold continues to rise despite the crisis in Greece

   Gold Prices traded just below $1738 per ounce for most of Monday morning in London, close to three-week highs, while stocks and commodities were broadly flat and the Euro traded near two-month lows against the Dollar, as the US and Greece both contemplated upcoming fiscal difficulties.
Silver Prices trades around $32.70 an ounce, also near three-week highs.

How to play Britain’s shale gas revolution

It’s not all bad news. In last week’s edition of The Fleet Street Letter, David Stevenson outlined an exciting new investment trend.

It will come as no surprise of most of you to here that David is excited by the prospects for gas. Most of us here at MoneyWeek have written articles on the investment potential of natural gas - a plentiful fuel that’s cleaner than coal and cheaper than oil. We’ve also explained how new drilling techniques have opened up huge reserves of shale gas in America. But David is not just keen on natural gas. He is convinced that the shale gas revolution is about to come to the UK.