Monday, July 2, 2012

DailyMarkets.com - Crude Oil, Gold Prices Vulnerable As EU Summit Rally Fizzles

DailyMarkets.com - Crude Oil, Gold Prices Vulnerable As EU Summit Rally Fizzles


Crude Oil, Gold Prices Vulnerable As EU Summit Rally Fizzles

Posted: 01 Jul 2012 10:30 PM PDT

Talking Points

Crude Oil, Copper Vulnerable as Risky Assets Reverse EU Summit Rally
Gold and Silver May Turn Downward as US Dollar Regains Lost Ground

Commodity prices are correcting broadly lower overnight as markets correct after Friday's sharp surge in risk-linked assets and tumble in the US Dollar, a move driven by an unexpected outcome to the EU leaders' summit. S&P 500 stock index futures are accelerating lower in late Asian trade, hinting more of the same is ahead as kneejerk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Spontaneous Order, Sometimes It Just Happens

Posted: 01 Jul 2012 08:07 PM PDT

No Traffic Lights? No Problem

  
Last Friday, a severe thunderstorm knocked out power for large sections of the Virginia, D.C., and Maryland area; including the traffic lights in one of the more poorly designed intersections in the Arlington/Falls Church section of VA.  But instead of chaos, the video above shows what happened … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


If We’re Not In Recession Now, ECRI Was Wrong

Posted: 01 Jul 2012 07:53 PM PDT

From the Blonddad Blog on Saturday:

“Tomorrow begins July, meaning that we have arrived at midyear, the point by which ECRI [MP: Self-described as the "world's leading authority on business cycles"] predicted we would enter a new recession.  While we don’t have the June data, as of May real income, payrolls, and real retail sales continued to rise, although retail sales are below their March peak.  Industrial production was off slightly in May from its post recession peak in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


May Las Vegas Home Sales Highest Since 2006

Posted: 01 Jul 2012 07:14 PM PDT

DQ News — “Las Vegas-area home sales rose to a six-year high for the month of May as the number of transactions above $200,000 increased sharply from last year, making up for fairly flat sales for lower-cost properties. With foreclosure resales at the lowest level since late 2007, the median sale price rose above a year earlier for the second consecutive month, reaching a 17-month high. 

In May, 4,829 new and resale houses and condos closed escrow in the Las Vegas metro area. That was up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Markets In Everything: Bakken Oil Field Basics Class

Posted: 01 Jul 2012 07:02 PM PDT

Missoulian — An oil field basics class will be offered at Bitterroot College of the University of Montana. The class will teach the "nuts and bolts" of oil and gas field operation and will use both videos and in-person instruction.

The one-day class called "Bakken Oil and Gas Field Basics" will be offered July 13 and 20. The cost is $55 for those who register before July … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Poster Of The Day: Our New Health Care System

Posted: 01 Jul 2012 06:29 PM PDT

This pretty much sums it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Photo Of The Day: Field Of Government Agencies

Posted: 01 Jul 2012 06:04 PM PDT

Central Bank News Link List – July 2, 2012

Posted: 01 Jul 2012 04:32 PM PDT

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

Vietnam cuts rates again to stimulate economy-cbank (Reuters)
Barclays chairman to quit; Libor discussed with BoE (Reuters)
Doubts greet plan for new euro zone bank regulator (NYT)
Euro leaders turn to central bankers for help to tackle crises … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


7 Warning Signs Of A Dividend Yield Trap

Posted: 01 Jul 2012 11:40 AM PDT

After decades of being eclipsed by capital appreciation in investors’ minds, formerly-dull dividend plays are once again right back in the forefront of investors’ minds. The simple explanation for this is that, in times of slow growth and low interest rates, investors are looking for safety and yield, for companies that are "bondish".
US blogger, The Reformed Broker, has aptly called this thirst for dividend stocks “income worship” which is a great turn of phrase – investors are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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