Thursday, July 5, 2012

DailyMarkets.com - Iran’s Saber-Rattling Sparks Crude

DailyMarkets.com - Iran’s Saber-Rattling Sparks Crude

Iran’s Saber-Rattling Sparks Crude

Posted: 05 Jul 2012 07:15 AM PDT

Thursday, July 5, 2012
Crude Oil futures have caught a bid on Iran’s aggressive tactics over recent days. Iran’s motives have to be questioned, as the nation recently voiced its displeasure with the current price of Oil. It looks as though world leaders are ready to turn the liquidity back on in China and Europe. Traders may want to keep a close eye on whether Iran is serious about blocking European tankers, as well as Thursday’s inventory data.
Fundamentals
Crude Oil futures have surged in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Worldwide Interest Rate Cuts Could Spur Second Half Rally In Gold And Silver

Posted: 05 Jul 2012 07:15 AM PDT

Gold is consolidating after hitting a two week high.  Investors are witnessing renewed strength in precious metals after the Fed announced the expansion of Operation Twist until at least the end of the year.
Similarly, gold and silver have been recently moving higher based on the Eurozone stocks breathing a sigh of relief as the summit came up with a purported solution to reduce funding costs particularly for Italy and Spain worth a $149 billion.  This may stimulate the Eurozone in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Mid-Year Review

Posted: 05 Jul 2012 05:28 AM PDT

It's been a rough time recently for gold and gold stock investors.  The last nine months has been the second worst cyclical downturn in gold and gold stocks during this long term secular bull market for gold.  The next chart shows how brutal this recent correction has been:

This bear market was not only the second worst in percentage loss, but also the second longest in time duration:

If that's not bad enough, it's actually been over 1.5 years now since gold stocks have made … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ECB Cuts Interest Rate By 25 Bps To 0.75%

Posted: 05 Jul 2012 04:57 AM PDT

    The European Central Bank (ECB) has cut its benchmark repurchasing rate by 25 basis points to 0.75 percent, as expected.
    The ECB did not immediately give a reason for it’s decision but said in a statement that Mario Draghi, ECB president, would comment on the decision later at a news conference.
    The ECB also cut the rate on the marginal lending facility by 25 points to 1.5 percent and the rate on the deposit facility by 25 points to 0 percent from July … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Barclays Libor Scandal: I Address “The Real Problem”

Posted: 05 Jul 2012 04:34 AM PDT

I was interviewed by First Business News this morning. Please view this 3-minute clip to get a few of my quick hitting, 'pull no punches' thoughts on this developing scandal.
What is "the real problem" behind this scandal? I go right after that in this 3-minute clip.

If you agree or disagree, please share your thoughts. Please also share this commentary and clip with your friends and colleagues, then . . . be especially careful and navigate accordingly.
Larry … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of England Keeps Rate Steady, Boosts Bond Buying

Posted: 05 Jul 2012 04:18 AM PDT

    The Bank of England maintained its official bank rate at 0.5 percent but boosted the size of its bond purchase program by 50 billion pounds to 375 billion, as widely expected.
    The BoE’s Monetary Policy Committee said the combination of its recent, and prospective, expansion of lending schemes to ease tight liquidity in the banking system and continued stimulus from past policy measures should help the economy gradually strengthen.
    “But against the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Malaysia Keeps Interest Rate Steady At 3.0%

Posted: 05 Jul 2012 03:42 AM PDT

    Malaysia’s central bank kept its benchmark Overnigh Policy Rate (OPR) unchanged at 3.0 percent, as widely expected, noting the uncertain global economic and financial environment.
    Bank Negara Malaysia said after a meeting of its Monetary Policy Committee that pressures in international financial markets had receded following the recent policy decisions in the euro area, but a number of important issues remain unresolved and continue to unsettle markets.
  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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