Daily Markets - Financial News And Opinions

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Silver Appears To Have Formed A Bottom Posted: 27 Feb 2010 11:50 AM PST This week the World Gold Council released their 2009 Gold Demand Trends report and embedded in the statistics were a few tidbits we found interesting. Overall investment in gold was 7% higher in 2009 than 2008. This is significant when you take into account that demand in the fourth quarter of 2008, during one of the worst financial meltdowns we have ever known, was so great that there were global shortages of physical metal. Nevertheless, in 2009, at a time when fears of a global financial … [visit site to read more]

Crisis-Related Bank Failures Racing Toward 1,000 Posted: 27 Feb 2010 10:00 AM PST A new projection is now showing that roughly 1,000 US banks may fail because of the financial crisis that uncovered the toxic assets hidden on bank balance sheets. According to Reuters: "James Dunne, senior managing principal of Sandler O'Neill, said 300 to 400 banks could be seized this year, especially as institutions start to deal with deteriorating commercial real estate loans. "'This is going to be a very slow recovery,' Dunne said in an interview with Reuters. "Regulators have … [visit site to read more]

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