Friday, February 15, 2013

DailyMarkets.com - When Will The RBOB Rally Finally Run Out Of Gas?

DailyMarkets.com - When Will The RBOB Rally Finally Run Out Of Gas?

When Will The RBOB Rally Finally Run Out Of Gas?

Posted: 15 Feb 2013 07:17 AM PST

Friday, February 15, 2013
The Energy Information Administration (“EIA”) recently raised its 2013 forecast for average gasoline prices to $3.55 per gallon, the second highest price following last year’s record of $3.63 per gallon. High global Oil prices are considered by some to be one of the main culprits for higher gasoline prices, which is ironic given the huge increases in U.S. Oil production the past few years and the ample amounts of Oil currently in storage at the NYMEX delivery point of … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

IShares Silver Trust (SLV) : Take Profit @ $28.95

Posted: 15 Feb 2013 07:15 AM PST

In The Year Of The Snake, Where Will Copper Head?

Posted: 15 Feb 2013 06:00 AM PST

Copper has had a tough few years: In 2012, the red metal only rose 4 percent, although this was an improvement over 2011's decline of 21 percent. Back then, I discussed how negative economic news and concern over global growth weighed on the price of copper, yet supply was also lower than expected due to weather delays, poor deposit grades, worker strikes and mill problems.
With an improving global economy and China's new leadership ramping up projects, will base metals, such as copper, … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Feb.15, 2013: G20 Struggles Over Forex, At Odds Over Debt

Posted: 15 Feb 2013 04:48 AM PST

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

G20 struggles over forex, at odds over debt (Reuters)
Weidmann says ECB won’t cut interest rates to weaken euro (Bloomberg)
BOJ raises economic assessment in February (dow … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Taibbi On HSBC: Blood Money

Posted: 15 Feb 2013 04:22 AM PST

There are few writers today who hit as hard as Rolling Stones' Matt Taibbi. That is a good thing for those who actually care about free market capitalism let alone a sense of moral decency.
Two months ago, the European based bank HSBC was hit with a $1.9 BILLION fine for allowing if not promoting its operations to be used as little more than a laundromat by a host of very unsavory characters for a protracted period. Huge story, right? RIGHT!!
Where are the major media outlets to dig in, … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Gold, Crude Oil Sold On Fears G20 To Limit Stimulus Efforts

Posted: 15 Feb 2013 03:21 AM PST

Crude oil and gold prices are under pressure as traders worry that the G20 will take a tougher stance on currency devaluation, narrowing the scope for monetary stimulus.
Talking Points

Commodity Prices Down on Worries G20 FX Rhetoric to Trim Scope for Stimulus
Follow-Through Unlikely as Global Policymakers Opt for the Status-Quo Position

Crude oil and copper prices are under pressure in European trade as all eyes turn to the G20 finance ministers and central bank governors in Moscow. The move … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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