Wednesday, November 28, 2012

DailyMarkets.com - Will Copper Shine Bright In 2013?

DailyMarkets.com - Will Copper Shine Bright In 2013?


Will Copper Shine Bright In 2013?

Posted: 28 Nov 2012 08:18 AM PST

Wednesday, November 28, 2012
Copper’s next price direction looks to be hinged on the economic growth prospects of the major global economies. So far we are seeing some positive developments out of China and continued negative sentiment from Europe, so it may come down to how the U.S. economy will fare in 2013.
Fundamentals
Copper futures prices are starting to show some signs of life after trading in a relatively narrow price range during the past 4 weeks. Some of the optimism for prices going … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Euro Dragged Lower On Greek Deal Concerns

Posted: 28 Nov 2012 08:06 AM PST

11/28/12 The euro fell Wednesday morning on worries over how the Greek deal will be … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Wall Street Pares Losses On Boehner’s Optimism

Posted: 28 Nov 2012 08:05 AM PST

11/28/12 US stocks came off session lows as House Speaker John Boehner voiced optimism that a deal can be reached to avoid the ‘fiscal … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Oil Drops +1.5% On Stalled Budget Talks

Posted: 28 Nov 2012 03:04 AM PST

11/28/12 Front month crude prices were in the red Wednesday as a failure by US lawmakers to make progress in their budget talks lifted fears of a budget crisis in the United … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Stocks Drop On EU-approved Spanish Bank Restructuring

Posted: 28 Nov 2012 03:00 AM PST

11/28/12 Global stocks were in the red Wednesday morning as European borrowing costs declined and as the EU allowed Spain to restructure its nationalized banks with eurozone … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Fiscal Cliff Negotiator Timothy Geithner Is The Right Man For The Job

Posted: 28 Nov 2012 07:24 AM PST

The President has designated Treasury Secretary Timothy Geithner to head his administration's team in the fiscal cliff negotiations. In my opinion, this is the most-best or least-worse choice he could have made from the perspective of getting a reasonable deal done. I base that not on my years serving with Tim on the FOMC—which were positive for my thesis—but, ironically, on his being cast as a villain in two books I recently read.
The two books are Bull By The Horns by Sheila Bair, … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


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