Gold, The Jobs Report and Taper Talk

Gold continues to firm this week following the July jobs report, which was announced August 2nd. Gold had softened all the way down to the $1,270/oz level before the jobs report. The July jobs report showed smaller-than-expected job creation of about 162k jobs created. Wall Street analysts were looking for a July job creation number of about 190k, or at least 188k.

How You Can Help With Earthquake and Tsunami Relief

Japan was struck by an 8.9 magnitude quake March 11, the most powerful quake in its history, leaving thousands estimated dead, missing, and tens of thousands displaced from their homes. Residents in Japan continued to feel aftershocks hours after the quake with the strongest registering 7.1 magnitude. The epicenter of the quake was offshore of Miyagi Prefecture, about 230 miles from Tokyo, the U.S. Geological Survey said, and prompted the U.S. National Weather Service to…

Quantitative Easing 101

In last week’s post, I discussed what was happening with Quantitative Easing (QE2) and this week I continue to highlight QE2, what the Fed is doing, and how Quantitative Easing is affecting the US Economy. Below is an interesting video that explains it all. What do you think about Quantitative Easing after watching this video?