While budget deficits are nothing new for the U.S., the size of this year’s deficit looks to hit a new record, according to the Congressional Budget Office (CBO), a nonpartisan budget agency.

By Scott Carter, CEO, Goldline International Famed economist John Kenneth Galbraith once said “Nothing is so admirable in politics as a short memory.” However, in markets, having a short term perspective is not so desirable. The recent pull back in gold prices from their all time high in early December has unleashed a floodgate of [...]

Gold prices have staged a turnaround this week amid fresh weakness in the dollar and burgeoning demand from Asia.

The consensus seems to be in gold’s favor for 2011. The London Bullion Market Association (LBMA) just released a survey of 24 precious metals analysts that summarizes their expectations for gold in 2011, and the results are encouraging.

Once again our national debt is hitting the news, as several prominent financial figures are trying to raise public awareness about the looming danger of the U.S.’s $14 trillion national debt.

On Wednesday, Portugal became the first euro-zone country to sell bonds in the New Year. Though the $500 million sale was successful, the sharply higher borrowing costs Portugal is encountering are symptomatic of the depth of the zone’s distress.

With gold prices ending 2010 with a 28 percent gain – and marking their 10th year of consecutive gains in the bargain – market watchers are considering gold’s prospects for 2011.   Presently, a number of analysts believe that gold could see another year of gains if flight to safe-haven assets continues as expected. In 2010, [...]

Central banks – both from developed and developing countries – have showed more interest in gold recently given the uncertainty over the future of the international monetary system.  China, in particular, has thrown its weight behind gold. In 2010, the Chinese central bank moved to liberalize its local gold market and open its doors to [...]