Doug Groh: Will Gold Benefit from the European Debt Crises?

In this exclusive interview with The Gold Report, Doug Groh, senior analyst with Tocqueville Asset Management, likens the gold price to a mirror that reflects peoples’ concerns about global economic and political events. And he likes what he sees in the long-term prospects for gold equities.

The Gold Report: The situations in . . . → Read More: Doug Groh: Will Gold Benefit from the European Debt Crises?

How to damage market quality

The problem of measuring the price

In a liquid and transparent financial market, there is no doubt about the price. There is high pre-trade transparency, because orders are visible on the limit order book, and the best estimate of the true price is (bid+offer)/2. You glance at the screen and you know what is . . . → Read More: How to damage market quality

Economic Events on June 30, 2011

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 420 ,000 new jobless claims last week, which would would be 9,000 less than the previous week.

At 9:45 AM EDT, the Chicago PMI Index for June will be announced.  The consensus index value . . . → Read More: Economic Events on June 30, 2011