DailyMarkets.com - Australian Dollar Little Changed As Retail Sales Match Expectations

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• Australian Dollar Little Changed As Retail Sales Match Expectations
• An Exquisite Recipe (for A Price Disaster)
• Crude Oil To Bust Through On Supply Concern

Australian Dollar Little Changed As Retail Sales Match Expectations Posted: 09 Jan 2011 04:45 PM PST The Australian Bureau of Statistics reported a 0.3% month-over-month increase in Retail Sales for the month of November, matching expectations. The prior month's estimate was upwardly revised from -1.1% to -0.8%. Overall, 2010 was a very strong year for Australian Retail sales, with growth running close to double digits. The Aussie rose slightly following the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

An Exquisite Recipe (for A Price Disaster) Posted: 09 Jan 2011 02:08 PM PST I was chatting on the phone earlier this weekend with one of my readers about the shocking drop in the price of gold earlier this past week.  We agreed that the mini-crash seemed to be the result of a well coordinated effort by some powerful bullion banks who, incidentally, are notorious for shorting gold. Honestly, neither of us saw the Tuesday bear raid coming and our mining positions were flooded in a sea of red for the rest of the week.  Perhaps yours were as well. With … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil To Bust Through On Supply Concern Posted: 09 Jan 2011 01:31 PM PST Since the start of the New Year, West Texas Intermediate (NYSE:WTI) crude oil have been moving with significant bearish sentiment (See Chart) mostly on a lot of profit taking going around in the commodity space, and also on concerns over the high inventory and that supplies would exceed demand. The latest jobs report only further fanned the pessimism. However, there are two new events that could turn the market around quickly before you can say "what happened?" Shutdown – Canadian … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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