DailyMarkets.com - Colombia Cuts Rates Again, Sees Weaker Global Growth

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• Colombia Cuts Rates Again, Sees Weaker Global Growth
• Stocks Rally Friday On Fed Statements
• Hot Option Plays: Crude On The Move
• It’s Time…
• This Rare Earth Junior Is Beginning To Outperform
• Car Sales In August Could Reach 4.5 Year High
• Hot Option Plays: Bears Held At Bay By Big Ben
• Cardillo: “Mixed Fed Comments…buys More Time For FOMC”
• July Shipments Of Durable Goods Set New Record
• Oil Prices Steady As Week Comes Near End
• Euro Slips From Recent Highs On Profit Taking, EU Debt Crisis Worries

Colombia Cuts Rates Again, Sees Weaker Global Growth Posted: 24 Aug 2012 02:55 PM PDT     The Central Bank of Colombia cut its benchmark overnight lending rate by 25 basis points to 4.75 percent, as expected, and said a further weakening of global growth is likely.      The bank also said it would purchase $700 million on foreign exchange markets during the rest of August and September to provide liquidity to the economy.     The central bank, which already reduced its key rate by 25 basis points in July, said second quarter results had … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Stocks Rally Friday On Fed Statements Posted: 24 Aug 2012 02:21 PM PDT 08/24/12 Stocks were rising Friday after Bernanke restated that there is further room for the central bank to act, this following reports that the ECB is considering setting yield band targets for a new bond-buying … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Crude On The Move Posted: 24 Aug 2012 02:08 PM PDT Cusick’s Corner 08-24-2012 With a hurricane potentially hitting the gulf and the Middle East heating up, Crude markets were very active. The precious metals did pull off into the weekend and in front of a very pack economic schedule which means there is the potential for headlines. Equities pushed to the upside into the close, but this was not a decisive move. However this action did negate the pullback of yesterday and the midday. The bulls are still in the driver’s seat. See you next … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

It’s Time… Posted: 24 Aug 2012 01:34 PM PDT …for another round — the first two were here and here — of “you know you’re in strange economic times when”… An improving economy means people are worse off “American Household Income Dropped Nearly 5 Percent in Economic Recovery” (The Raw Story) Research released Thursday by a firm created by two former Census Bureau officials revealed that U.S. median household income fell almost 5 percent from June 2009, when the last economic recession was said to have ended, through June … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

This Rare Earth Junior Is Beginning To Outperform Posted: 24 Aug 2012 01:04 PM PDT Recently there was important news that Chinese rare earth giant Mongolia Baotou is pursuing heavy rare earth deposits worldwide as China has placed domestic production quotas specifically targeted to heavy rare earths. This confirms what we have been saying for many months that China will look overseas for heavy rare earth assets as domestic demand soars and supply of the heavies within China are being depleted rapidly. Mongolia Baotou is looking abroad as China may be secretly stockpiling … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Car Sales In August Could Reach 4.5 Year High Posted: 24 Aug 2012 12:57 PM PDT Based on new vehicle sales during the first 16 selling days of this month, J.D. Power and Associates is predicting sales during the full month of August to increase by 20% over last year and reach the highest monthly sales of new vehicles since early 2008, more than four and one-half years ago.  Here’s from the company’s press release today: The August new-vehicle selling rate is expected to be the highest monthly rate in more than four and one-half years, according to a monthly sales … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Bears Held At Bay By Big Ben Posted: 24 Aug 2012 11:12 AM PDT Cusick’s Corner 08-24-2012 Big Ben holds the bears at bay this morning with his letter to the head of House oversight. At this stage they are words and while you should not trade on rhetoric, you respect it. Do not try to time this “action”, i.e. QE, because as with almost every market timer, you could be right at some time but you hope you stay solvent long enough to see it. I am monitoring precious Metals, GLD/SLV, if the ascension continues, I will be watching for some potentially small … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Cardillo: “Mixed Fed Comments…buys More Time For FOMC” Posted: 24 Aug 2012 11:05 AM PDT 08/24/12 Rockwell Global Capital’s Peter Cardillo weighs in on the latest central bank commentary and expectations for actual stimulus measures from the Fed, ECB and … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

July Shipments Of Durable Goods Set New Record Posted: 24 Aug 2012 08:27 AM PDT The Census Bureau reported today that both: a) new orders and b) actual shipments of manufactured durable goods showed strong monthly gains in July, increasing by 4.2% and 2.6% respectively compared to June.  New orders were boosted by strong demand for civilian aircraft in July, including an order for 260 airplanes from Boeing. On a year-to-date basis, durable goods orders are up 8.9% and shipments are up 7.5% from a year ago.  New orders for durable manufactured goods in July, at … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Oil Prices Steady As Week Comes Near End Posted: 24 Aug 2012 02:54 AM PDT 08/24/12 Front month crude prices were trading mostly flat Friday morning as investors continue to focus on the sluggish progress in Europe’s fixing of the debt … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Euro Slips From Recent Highs On Profit Taking, EU Debt Crisis Worries Posted: 24 Aug 2012 07:38 AM PDT 08/24/12 The euro retreated from recent highs against the dollar Friday morning on sluggish progress in fixing Europe’s debt crisis and investors taking … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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