Tuesday, May 8, 2012

DailyMarkets.com - Commodities Sold As UK Markets Reopen, Greek Coaltion Talks Stumble

DailyMarkets.com - Commodities Sold As UK Markets Reopen, Greek Coaltion Talks Stumble


Commodities Sold As UK Markets Reopen, Greek Coaltion Talks Stumble

Posted: 08 May 2012 01:57 AM PDT

Talking Points

Crude Oil, Copper Follow Stocks Lower on Greek Coalition Setback
Gold and Silver Sold as US Dollar Rides Haven Demand Higher

Commodities are moving lower in early European trade as risk aversion grips financial markets once again, weighing on growth-geared crude oil and copper prices and driving safe-haven flows into the US Dollar, thereby applying de-facto downward pressure to gold and silver. The rout follows news that Antonis Samaras, leader of Greece's center-right New … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Central Bank News Link List – 8 May 2012

Posted: 08 May 2012 01:57 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.

Swiss c.bank reserves edge lower in April (Wall Street Journal)
Monetary policy alone can’t solve growth woes – IMF (Business Live)
Malawi c.bank devalues kwacha by 50% (Money Web)
Vietnam c.bank sets dong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Singapore Stock Market Update For Tuesday 08 May

Posted: 07 May 2012 09:00 PM PDT

Market suffered more than 2% drop yesterday after poor US data and Euro elections. We believe market will continue to be choppy while range bounded. Support is seen at 2900 for now with resistance at 2950 temporarily. We need to observe how market will trade in following days to determine the overall direction. Sentiment is neutral for now with more biased on the downside. Sentiment –> … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Markets In Everything: Wantologists

Posted: 07 May 2012 06:35 PM PDT

NY Times — “Originally intended to help business managers make purchasing decisions, wantology is the brainchild of Kevin Kreitman, an industrial engineer who set up a two-day class to train life coaches to apply this method to individuals in private life.” 

HT: Mike … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Monday Night Links

Posted: 07 May 2012 06:15 PM PDT

1. The Eagle Ford shale formation will put out 500,000 barrels of crude oil a day by the end of the year, Valero Energy Chief Executive Officer Bill Klesse said after the company's annual meeting in San Antonio. Producers have told him output from the South Texas formation may rise to 1 million barrels a day in the next few years. Production in 2011 averaged 60,000 barrels a day.

2.  North Dakota oil man Harold Hamm says that  "North Dakota Needs To Shake The Culture of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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