DailyMarkets.com - Will Precious Metals Survive The Double Dip?

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• Will Precious Metals Survive The Double Dip?
• Forex – GBP/JPY Down In Asian Trading Hours
• New Zealand’s Consumer Price Inflation Rises Less-than-expected
• Forex – NZD/USD Down On Economic Data
• Forex – GBP/USD Down During The Asian Session
• Forex – USD/JPY Up In Asian Trade
• Forex – EUR/USD Down During The Asian Session
• The S&P 500, Oil, And Gold Will Respond To Price Action In The U.S. Dollar
• State And Local Government Workers Have Fallen To 2006-07 Levels, Thanks To The Great Recession
• People’s Bank Of China Raises Reserve Requirements 50bps
• Euro Approaching Another Cycle Top

Will Precious Metals Survive The Double Dip? Posted: 17 Apr 2011 05:50 PM PDT It is rare in recent history for precious metals to appreciate in parallel with the broader stock market. Yet, this has been the case in the two years since the stock market began crawling out of the wreckage of the 2008 financial crisis. Although metals have vastly outperformed US equities over that time frame, it is noteworthy that stocks have gone up at all. Since January 2, 2009, the S&P 500 stock index is up just about 50%. Over the same time, gold is up 68% and silver is up a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Down In Asian Trading Hours Posted: 17 Apr 2011 04:55 PM PDT Forex Pros – The British Pound was lower against the Japanese Yen on Sunday.<br/><br/> GBP/JPY was trading at 135.50, down 0.19% at time of writing.<br/><br/> The pair was likely to find support at 135.29, Friday&rsquo;s low, and resistance at 138.19, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.14% to hit 1.6305 and EUR/GBP falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New Zealand’s Consumer Price Inflation Rises Less-than-expected Posted: 17 Apr 2011 04:00 PM PDT Forex Pros – Consumer price inflation in New Zealand rose less-than-expected in the last quarter, official data showed on Sunday.<br/><br/> In a report, Statistics New Zealand said that CPI rose to a seasonally adjusted 0.8%, from 2.3% in the preceding quarter .<br/><br/> Analysts had expected CPI to rise 1.0% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down On Economic Data Posted: 17 Apr 2011 04:00 PM PDT Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Sunday after the release of N.Z. data on CPI.<br/><br/> NZD/USD was trading at 0.7970, down 0.33% at time of writing.<br/><br/> The pair was likely to find support at 0.7747, Tuesday&rsquo;s low, and resistance at 0.8004, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that consumer price inflation in New Zealand rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down During The Asian Session Posted: 17 Apr 2011 03:30 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Sunday.<br/><br/> GBP/USD was trading at 1.6312, down 0.10% at time of writing.<br/><br/> The pair was likely to find support at 1.6228, Tuesday&rsquo;s low, and resistance at 1.6384, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8838 and GBP/JPY falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up In Asian Trade Posted: 17 Apr 2011 03:00 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Sunday.<br/><br/> USD/JPY was trading at 83.15, up 0.01% at time of writing.<br/><br/> The pair was likely to find support at 82.96, Thursday&rsquo;s low, and resistance at 84.57, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.09% to hit 1.4417 and GBP/USD falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 17 Apr 2011 02:25 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Sunday.<br/><br/> EUR/USD was trading at 1.4418, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.4366, Thursday&rsquo;s low, and resistance at 1.4520, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.8840 and EUR/JPY falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The S&P 500, Oil, And Gold Will Respond To Price Action In The U.S. Dollar Posted: 17 Apr 2011 12:19 PM PDT No More! The crap rolls out your mouth again Haven't changed, your brain is still gelatin Little whispers circle around your head Why don't you worry about yourself instead! Who are you? Where ya been? Where ya from? Gossip burning on the tip of your tongue You lie so much you believe yourself Judge not l'est ye be judged yourself. "Holier Than Thou" – Metallica "The week that was" left many investors running for the exits on Monday and Tuesday as prices in the equity, energy, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

State And Local Government Workers Have Fallen To 2006-07 Levels, Thanks To The Great Recession Posted: 17 Apr 2011 11:13 AM PDT In a recent WSJ editorial “We’ve Become a Nation of Takers, Not Makers” Steve Moore points a rather depressing statistic: “Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million, see chart above). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government.” But what’s far less depressing is to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

People’s Bank Of China Raises Reserve Requirements 50bps Posted: 17 Apr 2011 10:37 AM PDT The People’s Bank of China announced a further increase to the required reserve ratio of 50 basis points, bringing the average ratio for large banks to 20.5% from 20.0%, as of 21 April 2011.  The move came as China reported higher inflation of 5.4% in March, up from 4.9% in February driven mostly by a spike in food prices (in spite of the People’s Bank of China Price Expectations Index falling to 72.8 from 82.7).  The increase in the ratio followed statements by Bank Governor Zhou … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Approaching Another Cycle Top Posted: 17 Apr 2011 02:55 AM PDT We have been following the EURUSD (FXE) cycles with great interest. You can see from the chart we are approaching a critical time for the EURO. Main points are: 1) Strong resistance from $146 to $150 2) RTTTrendStatus is entering EXTREME readings. In the past this has signaled a reversal. (Pink Circles). 3) Hurst Cycle (66 periods) is timed to peak around early May (Green Arrow). 4) Recently the FXE has been rallying along the 1×2 Gann Angle, and a break may signal a reversal. 5) FXE has been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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