Thursday, June 28, 2012

DailyMarkets.com - Gold Tug-O-War

DailyMarkets.com - Gold Tug-O-War

Gold Tug-O-War

Posted: 28 Jun 2012 09:23 AM PDT

Thursday, June 28, 2012
Gold futures have been held back by the currency markets and slow economic growth. Defensive buying of the metal has prevented prices from dropping precipitously, as plenty of uncertainty remains over the fate of the Euro and EU. The opposing forces could keep the market moving sideways. Technically, the failed upside breakout hints at consolidation.
Fundamentals
Gold futures have had a lackluster showing lately, despite the troubles facing Greece and the rest of Europe. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Extends Weakness On Health Care Ruling

Posted: 28 Jun 2012 08:40 AM PDT

06/28/12 US stocks opened in the red, and extended weakness following the Supreme Court ruling on the healthcare bill. FInancials traded lower on weak earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Barclays Libor “Price Fixing” : Collusion Is Illegal . . .

Posted: 28 Jun 2012 07:53 AM PDT

News that Barclays Bank has been hit with a $453 million fine for its involvement in manipulating the London Interbank Overnight Rate, commonly referred to as Libor, has crushed the stock of the UK-based bank. Barclays stock is down close to 15% in early trading.
This story is interesting on so many fronts, including:
1. The alleged activity went on for years. The FSA's investigation goes back to the middle of the last decade. How do we know when the collusion really started? 
2. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Czech Central Bank Cuts Interest Rate To Record 0.5%

Posted: 28 Jun 2012 07:41 AM PDT

  The Czech central bank has cut its key policy rate by 25 basis points to a record low of 0.50 percent, as widely expected, the bank said in a statement.
    The two-week repo rate was cut to 0.5 percent and the Lombard rate, a ceiling for short-term rates, was also cut by 25 basis points to 1.5 percent. The discount rate remains unchanged at 0.25 percent, the bank said, referring to rules that still use a multiple of the discount rate as basis for calculating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank News Link List – June 28, 2012

Posted: 28 Jun 2012 07:28 AM PDT

    Here’s today’s Central Bank News link list, click through if you missed the previous central bank news link list. The list is updated during the day with the latest news about central banks so readers don’t miss any important developments.

    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.

Reserve Bank says India is facing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Using Standard Deviation & Probability To Trade Options

Posted: 28 Jun 2012 06:41 AM PDT

I recently discussed the ability to use implied volatility to calculate the probability of a successful outcome for any given option trade. To review briefly, the essential concepts a trader must understand in order to make use of this helpful metric include:

The prices of any given underlying can be considered to be distributed in a Gaussian distribution- the classic bell shaped curve.
The width of the spread of these prices is reflected in the standard deviation of the individual … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Venture Capitalists: Doing More With Less

Posted: 28 Jun 2012 06:37 AM PDT

The destruction of farm jobs, and doing “more with less,” since the 1700s has brought about economic prosperity.

In the Freeman, economist Steve Horwitz responds to the Doonesbury cartoon below and comes to the defense of maligned venture capitalists like Bain, who generate huge benefits for society by “doing more with less”:  

“Innovation enabled us to create more food with less work (see chart above), freeing humans to create other valued products through other jobs. This destruction … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Turning Red Ahead Of EU Summit

Posted: 28 Jun 2012 01:00 AM PDT

06/28/12 Global stocks were in the red Thursday as investors await the results of the EU summit while Spanish borrowing costs continue to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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