muses of the moment

September 6, 2011

Interesting morning so far

Filed under: DOW and S&P500, Fiat Currency, Gold and Silver Investing, Odds 'n ends, Precious metals — totallygroovygirlfriday @ 11:28 am

Hope everyone had a good holiday weekend.

European markets yesterday were interesting (DOW futures were at 11,000!), today should be eventful as well.

Just the facts, ma’am:

  • Swiss Franc is now tied to Euro, as last safe haven currency folds. Gold in Swiss francs explodes.
  • Rule 48 in place for NYC market open this morning.
  • Oil, silver, and gold holding steady.
  • Both European and US economists are 50/50 if next crisis will occur.
  • European banks still under lots of pressure.

Interesting paper here from the World Bank. 50-page outline of financial blogs influence on markets.

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