DailyMarkets.com - Weight Of Fiscal Cliff Too Much For Gold Bulls

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• Weight Of Fiscal Cliff Too Much For Gold Bulls
• Settle Your Debts Now For Pennies On The Dollar – Part 1
• Dollar Edges Higher On Jobless Claims Data
• Egypt Holds Rate Steady, Sees Risks To Inflation And Growth
• BOE Holds Rate Steady And Doesn’t Expand QE Target
• ECB Holds Rate Steady, Cuts Growth Forecasts Further
• David Kotok On Why We Need To Go Over The Cliff
• Commodities: Oil, Gold Likely To Wait For US Jobs Data For Clear Cues

Weight Of Fiscal Cliff Too Much For Gold Bulls Posted: 06 Dec 2012 09:18 AM PST Thursday, December 6, 2012 The Gold market has been held hostage by Congress, as the inability of some legislators to come to an amicable agreement on a budget has wreaked havoc on prices. If partisan bickering continues instead of compromise, economic growth could be harmed. With news that Chinese growth could be improving, the market should be upbeat, but the black cloud of the Fiscal Cliff talks could be what garners attention. Technically, Gold is at a fairly significant point. Prices are … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Settle Your Debts Now For Pennies On The Dollar – Part 1 Posted: 06 Dec 2012 08:48 AM PST … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dollar Edges Higher On Jobless Claims Data Posted: 06 Dec 2012 08:28 AM PST 12/06/12 The dollar edged higher Thursday morning after U.S. weekly jobless claims fell to … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Egypt Holds Rate Steady, Sees Risks To Inflation And Growth Posted: 06 Dec 2012 08:01 AM PST     The Central Bank of Egypt (CBE) held its benchmark overnight deposit rate steady at 9.25 percent, as expected, saying the current rates were appropriate as there were both upside risks to inflation and downside risks to economic growth.     The CBE, which has held its rate steady since November 2011, said the rise in October inflation was largely driven by a sharp rise in the prices of butane gas cylinders on the back of bottlenecks in distribution channels and such … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

BOE Holds Rate Steady And Doesn’t Expand QE Target Posted: 06 Dec 2012 07:15 AM PST     The Bank of England (BOE) held its Bank Rate steady at 0.5 percent, as expected, and maintained its current target for purchasing assets at 375 billion pounds.     The BOE, which has held its rate unchanged since March 2009, did not comment on its decision but minutes from today’s meeting of its Monetary Policy Committee will be published on Dec. 19.     The asset purchase program, also known as Quantitative Easing, was last expanded in July but was completed … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

ECB Holds Rate Steady, Cuts Growth Forecasts Further Posted: 06 Dec 2012 06:54 AM PST     The European Central Bank (ECB) held its benchmark refinancing rate steady at 0.75 percent, as widely expected, and said it would continue to provide commercial banks with a full allotment of funds for as long as necessary and at least until July 2013 as this year’s weak economic activity is expected to extend into next year.     The ECB, which cut its refinancing rate in July, also again revised downwards its economic forecasts for the 17 nations that share the euro … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

David Kotok On Why We Need To Go Over The Cliff Posted: 06 Dec 2012 05:26 AM PST When might an individual with serious personal problems decide to make necessary change in his life? When they reach the depths of hell and decide "it does not need to be this way and it won't any longer." How about a nation? Is there any doubt our nation faces enormous problems, fiscal and otherwise?  The manner in which we confront these problems will have a profound impact on our nation for generations. Will Washington swerve and avoid the fiscal cliff that some believe will lead … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Commodities: Oil, Gold Likely To Wait For US Jobs Data For Clear Cues Posted: 06 Dec 2012 04:00 AM PST Commodities are under pressure ahead of the opening bell on Wall Street but clear-cut directional conviction is likely to wait until Friday's US jobs report. Talking Points Metals Under Pressure but Firm Conviction Unlikely Before US Jobs Data Crude Oil Weakness May Reflect Reduction in Geopolitical Risk Premium Commodities are under pressure in European trade ahead of the opening bell on Wall Street. Firm directional conviction seems absent for now however and the relative quiet is likely … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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