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Turmoil in the credit markets is spreading to one of the most conservative kinds of investments, causing a small money-management firm to freeze its clients' assets.That move sent tremors through stocks as well as commodities, until now one of the few markets relatively untouched by recent worries.Yesterday, Sentinel Management Group Inc. — citing “panic” conditions in the market — prevented its clients from withdrawing money from their cash accounts. Sentinel manages money for hedge…

Original Post By Google News Shefali Anand and Ann Davis

Ambrose Evans-Pritchard, International Business Editor of the UK's The Telegraph, predicts gold will exceed $2,000 per ounce, stating:”Gold will fly once investors can see that neither of the two reserve currency pillars (euro and dollar) is on a sound foundation, and once the pair are engaged in a beggar-thy-neighbor devaluation contest to stave off a slump… ”We are not there yet. Timing is not my forté, but 2008 looks ripe… Could gold reach a price of $5,000 the ounce b…

Original Post By Google News Free-Market News Network, Corp.

Adding financial liquidity to the marketplace is happening both in Europe and in the US even though it's being denied. This is nothing less than MONETARY INFLATION which by economic law translates into price inflation. Adding liquidity is like pouring gasoline on a bonfire. It is proof that central banks will burn down the barn to avoid a derivative crisis. The barn is their respective currencies….Believe it or not, today's circumstances are what it takes to propel the price of…

Original Post By Google News Jim Sinclair

The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress…Described as…

Original Post By Google News Ambrose Evans-Pritchard

The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress…Described as…

Original Post By Google News Ambrose Evans-Pritchard