The Five Most Idiotic Things Congress Did This Week

As life for the average American has gotten harder and harder, elected officials in Washington have done little to help. Congress wastes much of its time on political posturing and bickering. And in those rare instances when our representatives actually do something, they usually make a mess if it. It's no wonder the job approval polls for Congress have fallen into single digits. Here at Money Morning we've pointed out many of Washington's worst offenses over the years, but the truth

congress

Don't Be Fooled by Gold's Recent Dip - We'll Still See $2,000 an Ounce in 2012

If you're concerned about where gold prices are headed after yesterday's (Wednesday's) bear-market buzz, don't be. This is just a brief pit-stop in what continues to be an epic bull-run for the yellow metal. Gold prices fell below $1,600 an ounce Wednesday for the first time since October, settling down nearly 5% at $1,586.90 an ounce Comex division of the New York Mercantile Exchange (NYMEX). That's below the closely-watched 200-day moving average for the first time since

gold prices

2012 Oil Price Outlook: How to Profit From $150 Oil

2011 was an up-and-down year for oil prices, but don't expect that pattern to repeat in 2012. No, next year, the trajectory for oil prices will be far more linear - and it's pointed up. In fact, we could even see $150 oil by mid-summer. There are two key reasons why: Despite the economic crisis in Europe, oil demand proved resilient in 2011. It is poised to remain steady in 2012, and then escalate drastically for the foreseeable future. Supplies will

2012 oil price outlook