EFSF

We discussed the reasons last month why gold would go to $2,000 an ounce by the end of August. That did not happen, and fell well short of that level, closing at roughly $1,830 an ounce. Still, gold had a spectacular month, gaining 12% during August, thanks in part to worries over the S&P...

Huge news out of Bloomberg, especially if it winds up becoming true. According to the New York-based financial publication, European Union regulators may start drafting legislation for a Eurobond to help control the debt crisis, which appears to be spiraling out of control. This is a stark...

The much anticipated press conference between French president Nicolas Sarkozy and German Chancellor Angela Merkel was nothing short of a disaster earlier, and equity markets plunged as soon as they started opening their mouths. The two biggest points of the press conference were both seen as...

Despite the better than expected jobs report this morning, stocks are plunging once as fears continue to abound out of Europe. The European Union as a whole is a bigger economy than the United States, and there is more uncertainty about what is ultimately going to happen in Europe than ever before...

It happened faster than Greece did, and it could be the biggest thing of 2011, with speculators going after Italy and the country's near $2 trillion in debt. Italy is the third largest debtor nation in the world, and is part of the vaunted "PIIGS" group, which includes Greece, Portugal, Italy,...

On Wednesday night, Reuters reported that China was expected to purchase a large portion of Portugal's bailout bonds. The bailout bonds will go on sale next month. The euro rallied on the news, and the hawkish sentiment expressed by European Central Bank President Jean-Claude Trichet. Klaus...