Thursday, May 3, 2012

DailyMarkets.com - Central Bank News Link List – 3 May 2012

DailyMarkets.com - Central Bank News Link List – 3 May 2012


Central Bank News Link List – 3 May 2012

Posted: 03 May 2012 11:05 AM PDT

Here’s today’s Central Bank News link list, click through if you missed the previous central bank news link list.  Remember, if you want to submit links for inclusion in the daily link list, just email them through to us or post them in the comments section below.

ECB Holds Rate at 1.00% (European Central Bank)
Bank of Thailand Holds at 3.00% (Bangkok Post)
Egypt Central Bank Holds at 9.25% (Bloomberg)
National Bank of Romania Holds at 5.25% (Bloomberg)
Czech National … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Keating: “All Eyes On Jobs Report”

Posted: 03 May 2012 10:55 AM PDT

05/03/12 James E. Coffey Securities’ Gregory Keating talks about today’s tight trading range for the US equity markets and expectations for Friday’s jobs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Tug Of War

Posted: 03 May 2012 10:45 AM PDT

Cusick’s Corner 05-03-2012
We see an old fashioned tug of war into the Midday — the longs are attempting to take back ground, S&Ps at 1400, only to be pushed back to support by new shorts, 1394 on the S&Ps. This is choppy, sloppy action and going into the After Hours, the shorts appear to have taken control today. I will be waiting for the QE talk to potentially pick up as we get into the After Hours and approach the Unemployment number tomorrow morning. I do not expect too much in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Oil Drops More Than 2%

Posted: 03 May 2012 05:00 AM PDT

05/03/12 Front month crude prices took a back seat this afternoon following yesterday’s inventory rise and continued signs of European economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Why This Alaska Heavy Rare Earth Mine Is Unique

Posted: 03 May 2012 09:53 AM PDT

Recent  headlines inform us that the Obama Administration has finally decided to increase pressures on China in the rare earth quandary by joining Japan and the EU in the case before the World Trade Organization.  This may be a move motivated by the upcoming national elections as well as the pressures placed upon the President to say something or anything in response to Romney's support of Bokan Mountain [[Ucore]] where he wrote an open letter to Alaskans emphasizing that their … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stockpiles Enough To Finally Pull Down Crude?

Posted: 03 May 2012 09:46 AM PDT

Thursday, May 3, 2012
The trend of Crude Oil inventory builds has really tested Crude Oil bulls’ resolve. Weaker employment data has done little to help. If the trend of inventory builds continues, this may cause the market to finally reach its breaking point, barring a geopolitical event. Technically, the failure to test relative highs near 108 has to be a disappointment for bulls. It appears that the up-move from recent lows may have been an aberration. Some traders may perhaps wish to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Economist On The Street: US Jobs Data & EU Outlook

Posted: 03 May 2012 09:40 AM PDT

05/03/12 Meridian Equity Partners’ Stephen Guilfoyle dissects the latest US jobs data ahead of Friday’s employment report. The outlook for the EU is discussed ahead of the French … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Mining Giants Are Looking To Lockup Long Term Supply Of Uranium And Rare Earths

Posted: 03 May 2012 09:28 AM PDT

Global miner Rio Tinto announced that there were increasing risks of a supply shortfall in strategic metals.  The majors are dealing with the rise of resource nationalism and rising permitting difficulties for new mines.  Countries such as China, Indonesia, Namibia and Argentina among others have already expressed that they want a bigger slice of the pie adding export taxes and forex requirements.
Recently one of our recent rare earth/uranium recommendations Pele Mountain(GEM.V or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Cartoon Of The Day

Posted: 03 May 2012 09:05 AM PDT

CME Chairman Defends Speculators

Posted: 03 May 2012 08:52 AM PDT

“When the Dow goes above 13,000, Google goes above $600 per share and everybody celebrates, who do you think did that? The U.S. equity market is 100% speculators.”

~CME Executive Chairman Terry … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Stocks Slip On Weak ISM Services

Posted: 03 May 2012 08:27 AM PDT

05/03/12 US stocks slipped after the release of a disappointing ISM services report. Ahead of the April employment report, initial jobless claims declined more than … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Rohrbach On Market Timing

Posted: 03 May 2012 08:08 AM PDT

I shouldn't but I will anyway.  I shouldn't whine but you're all friends or you wouldn't be reading this so I'll borrow your shoulder to cry on and your ear to hear my complaint.  OK, here it goes, "I don't … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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