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Gloomy Start to the Stock Market Today
Buyers may be scarce in early trade on the New York stock markets, amid depressing economic indicators from China and the euro zone, two major trading partners of the United… Read more
S&P and Gold Top ETF Flows for the Week
For the period from Friday, August 17th through Thursday August 23rd both the S&P 500 ETF (AMEX:SPY) and Gold ETF (AMEX:GLD) saw the biggest flow of funds into them. SPY… Read more
Gold Ends the Week Up $56
It was a stunning week for the metal of monetary excellence. The technical breakout from horizontal resistance at$1633 per ounce was confirmed with a very bullish closing session for the… Read more
Silver Crosses $30, Gold Eyes $1700
Thursday was yet another massive up day for the precious metals as both Gold (AMEX:GLD) and Silver (AMEX:SLV) added to Wednesday’s gains in the Asian markets setting up a continuation… Read more
Gold, Silver Respond to the Fed, Push Higher
So, many on the FOMC believe that QE will be necessary if things continue in the way that they have been going for months now. Fine. but, inflation is tame… Read more
U.S. Banks Join Brits in LIBOR Party
JPMorgan (NYSE:JPM) is not finally being hit with the ugly stick by the regulators regardless of the hopeful tone of this article by the Huffington Post, because we all know… Read more
CME to Raise Oil Margins and Re-Elect Obama
Hat tip to Zerohedge who noted that the CME (NYSE:CME) Group is raising margins on oil futures contracts 3.7% now that Brent Crude is solidly back above $110 per barrel. … Read more
Brent Surges past $110, Equities Continue to Rally
Since it was revealed that the Fed began normal repo operations last week after 4 years of reverse repos the equity and commodity markets have been pushing higher, albeit in… Read more
The Search for Yield Continues as the Euro Rallies and Bonds Fall
After Herr Draghi emphatically informed the world that they should not short the Euro (AMEX:FXE) the currency promptly sold off headed towards $1.20. U.S. employment data on Friday, however, uncovered… Read more
Horrible Employment Report Sends Stocks Soaring
The Non Farm Payroll numbers came out of the U.S. Bureau of Labor Bullsh Statistics Friday morning to report that 163,000 new jobs were created last month, which was 63k… Read more
Gold and Stocks Corzined by Draghi
After telling everyone last week that the E.C.B. would do everything necessary (he and Bernanke must shop with the same copywriter hired off of Elance.com) to save the Euro this… Read more
Gold Cracks $1600 Alleviating Backwardation
On Sunday evening during Asian trading gold (AMEX:GLD) was trading in backwardation, a state where the front month cutures contract was trading at a higher price than future month contracts. … Read more
