Monday, June 11, 2012

DailyMarkets.com - Monetary Policy Week In Review – 10 June 2012

DailyMarkets.com - Monetary Policy Week In Review – 10 June 2012


Monetary Policy Week In Review – 10 June 2012

Posted: 10 Jun 2012 08:26 PM PDT

    The past week in monetary policy saw interest rate decisions announced by 11 central banks around the world.
    Those that cut interest rates were: China, by 25 basis points to 6.31%, Australia, by 25 points to 3.5% and Vietnam by 100 points to 11.0%.
    There were no central banks that raised rates.
    Those central banks that left rates unchanged were the European Central Bank at 1.0%, the Bank of England at 0.5% , the Bank of Canada at 1.0% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


HUI Mining Index: B-wave And D-wave Bottoms

Posted: 10 Jun 2012 07:36 PM PDT

Lately I have been wondering how the HUI Amex Gold Bugs Index has performed at critical turns in gold’s repetitive secular bull market ABCD pattern – and particularly how it has behaved at the bottoming of the B and D phases of the pattern. This curiosity would seem to apply to our current trading as I believe gold is in the process of concluding the B-wave phase and just beginning to embark on the C-wave phase. 

If you are interested in seeing the details of how … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Is The QE Glass Half-full Or Empty?

Posted: 07 Jun 2012 12:15 AM PDT

How the market reacts to news can be an important clue of future direction. In my last post, I wrote that you shouldn’t expect too much from the ECB or Fed this week. The European Central Bank certainly disappointed the bulls with their inaction, not only on interest rates, but on the prospects for “extraordinary measures”.

Now it’s Ben Bernanke’s turn.

We already have a clue on what Bernanke will say from Jon Hilsenrath’s WSJ article entitled Fed Considers More Action Amid New Recovery … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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