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Keyword: commodities

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  • Obama’s Choice: Dirty Oil (Keystone XL Oil Pipeline) or Clean Water and Land?

    10/17/2011 3:13:50 PM PDT · by Whenifhow · 22 replies
    noisyroom.net/blog | 10.17.11 | Syver Alton Larsen and MJ
    One big decision looms ominously on Obama’s horizon and he will not be able to blame anyone but himself for the consequences. Obama must render the momentous verdict by November 1 to give or not to give approval for the historical Keystone XL Pipeline Project. This pipeline will carry one of the world’s dirtiest fuels… tar sand oil… vastly different from regular oil, being ten times heavier than water and very corrosive. Presidential permission is required because the 2,147-mile pipeline crosses the border between Canada and eight states of the United States. The present route is scheduled to cross prime...
  • China Reveals Its Copper Stockpile

    10/13/2011 11:56:18 AM PDT · by blam · 4 replies
    TBI ^ | 10-13-2011 | Linette Lopez
    China Reveals Its Copper Stockpile Linette Lopez Oct. 13, 2011, 12:54 PM According to the FT, China's Non-Ferrous Metals Industry Association has announced that the country's copper inventories were at about 1.9 million tons at the end of last year. That's more that the U.S. consumes in a year. Estimates by the International Copper Study Group had the number 1.0 to 1.5 million tons higher. Here's why it matters: The fact that the amount China is carrying in its reserves means that their demand for copper may be less than we thought. And Chinese demand is so significant, that if...
  • Don't Miss The Rally In Metals Prices

    10/10/2011 10:50:29 AM PDT · by blam · 8 replies
    TBI ^ | 10-10-2011 | Eric Platt
    Don't Miss The Rally In Metals Prices Eric Platt Oct. 10, 2011, 12:53 PM Precious metals are rallying this afternoon with December deliverables of gold and silver trading up 2.3% and 4.2% to $1,674/oz and $32.295/oz, respectively. News that European leaders would come to a consensus on bank recapitalization and the European Financial Stability Facility by the end of October sent the Euro above $1.36, reversing last week's low of $1.31. Other metals posted gains including copper, which is up 3.3% to $3.3825/lb.Copper(Snip)
  • Load Up On Gold and Silver As Bernanke Dives Off The Deep End

    10/06/2011 12:23:14 PM PDT · by blam · 21 replies
    TMO ^ | 10-6-2011 | Money Morning
    Load Up On Gold and Silver As Bernanke Dives Off The Deep End Commodities / Gold and Silver 2011 Oct 06, 2011 - 07:41 AM By: Money Morning Martin Hutchinson writes: I first thought U.S. Federal Reserve Chairman Ben Bernanke was being deceitful when he denied the existence of inflation - but now I'm beginning to think he's simply delusional. Anyone who watched or listened to Bernanke's Oct. 4 congressional testimony must have reached the same conclusion. "Persistent factors continue to restrain the pace of recovery," Bernanke said. Then the Fed Chairman promised to consider yet more stimulus "to promote...
  • Economic Growth According To The World’s Leading Economists

    10/05/2011 5:00:32 PM PDT · by blam · 9 replies
    The Daily Reckoning ^ | 10-5-2011 | Bill Bonner
    Economic Growth According to the World’s Leading Economists By Bill Bonner 10/05/11 Paris, France – We were on the edge of our chairs yesterday. We wanted to see if the Dow would crash through the 10,000 barrier. A break below 10,000 would probably hit the markets like a drone attack on a birthday party… …perhaps causing investors to panic…and the feds to do something really stupid. The feds are getting ready. They’re being egged-on by some of the world’s leading economists. Nobel prize winner, Peter Diamond, for example, urges the feds to spend more money on infrastructure projects. Richard Koo,...
  • U.S. Defense Secretary To Arrive In Israel To Discuss Iran Nuclear Program

    10/02/2011 4:48:44 PM PDT · by edpc · 24 replies · 1+ views
    Haaretz ^ | 2 Oct 2011 | Amos Harel
    U.S. Secretary of Defense Leon Panetta will arrive in Israel on Monday and meet with Defense Minister Ehud Barak. The two are due to discuss several issues including security ties between the U.S. and Israel, the Palestinian drive for independence, the "Arab Spring" and the Iranian nuclear program. This will be the second meeting between Barak and Panetta within two weeks. The last meeting took place when Barak visited Washington just before the opening session of the United Nations' General Assembly that dealt with the Palestinian application. Barak also held meetings with General David Petraeus, who replaced Panetta as director...
  • The Stock Market Smells Deflation

    10/02/2011 4:05:19 PM PDT · by blam · 61 replies
    TMO ^ | 10-2-2011 | Clif Droke
    The Stock Market Smells Deflation Stock-Markets / Stock Markets 2011 Oct 02, 2011 - 11:06 AM By: Clif Droke In previous commentaries we've talked about how the 6-year cycle is scheduled to peak around Oct. 1. That now appears to be all but certain following the last few trading sessions. Although the cycle has a 1-2 week standard deviation (plus or minus), it appears that it peaked on schedule last week and that the stock market has lost the last remaining cyclical support it had throughout most of September. Interestingly, it was the commodity stocks that performed the strongest in...
  • A Hard Landing In China Now Seems Inevitable

    09/30/2011 4:18:01 AM PDT · by blam · 8 replies
    TBI ^ | 9-30-2011 | Also Sprach Analyst
    A Hard Landing In China Now Seems Inevitable Also Sprach Analyst Sep. 30, 2011, 5:08 AM This is not an easy call to be made, but it does strike me that there is something wrong with the Chinese economy, even though the focus these days are mostly in Europe, as the European debt crisis is moving ever closer to a tipping point. For China, it seemed as though a hard-landing was avoided as of 2 months ago. As it turns out, even myself was getting a little bit too optimistic. Now, the probability of a hard-landing is getting even higher...
  • Jim Rogers Is Bullish On All Commodities, But There's Only One Sector He Would Buy Right Now

    09/26/2011 9:49:58 AM PDT · by SeekAndFind · 16 replies
    Business Insider ^ | 09/26/2011 | Gus Lubin
    Jim Rogers is a long-term bull on commodities based on scarcity in a growing world. Silver and gold "will both go much higher over the next few years," he tells Economic Times. Oil prices will recover as "known quantities of crude continue to decline." Sugar is going to "at least double or triple before this all is over." But there's only one sector he would buy right now: I am thinking about buying agriculture right now. I am not thinking about buying base metals or gold or oil right now, but I am thinking of buying agriculture maybe this afternoon....
  • The Hyperinflation Meme Has Turned Into A Nightmare

    09/26/2011 6:14:52 AM PDT · by blam · 16 replies · 1+ views
    Pragnmatic Capitalism - TBI ^ | 9-26-2011 | Cullen Roche
    <p>Nothing has represented the rise of the hyperinflation meme more than the price of silver has over the last few years. At every twist in the market the rise in precious metals and silver in particular, has been used as the cornerstone of evidence of “money printing”, debt monetization and raging inflation that was guaranteed to ravage the US economy.</p>
  • Why Gold's Decline Is Accelerating?

    09/25/2011 9:12:15 PM PDT · by blam · 59 replies
    TMO ^ | 9-25-2011 | DK Matai
    Why Gold's Decline Is Accelerating? Commodities / Gold and Silver 2011 Sep 25, 2011 - 04:34 PM By: DK Matai "The era of procrastination, of half-measures, of soothing and baffling expedients, of delays, is coming to its close. In its place we are entering a period of consequences." That was Churchill in a speech to the House of Commons at the Palace of Westminster in London on November 12, 1936, as the clouds darkened over Europe. Dark clouds are hovering once again in regard to the euro, eurozone sovereign defaults and an interlinked banking crisis. More than $3.4 trillion has...
  • What Are Copper And Oil Signaling?

    09/24/2011 1:15:44 PM PDT · by blam · 55 replies
    Wall Street Cheat Sheet ^ | 9-24-2011 | Eric McWhinnie
    What Are Copper And Oil Signaling? By Eric McWhinnie September 24 2011 With the markets in turmoil, investors are looking for indicators that will help clean their crystal balls. Two of the more widely used economic indicators are copper and oil. Copper (NYSE:JJC) is often referred to as Dr. Copper, because of its ability to give insight to the future of the global economy. Oil (NYSE:USO) is often seen as the lifeblood of the economy since it is used in everything from plastics to finished motor gasoline. Recently, copper and oil have given investors reason to worry. On Friday, copper...
  • Here Are The Real Reasons Why Gold And Silver Plunged

    09/24/2011 8:24:30 AM PDT · by blam · 44 replies
    TBI ^ | 9-24-2011 | Mike "Mish" Shedlock
    Here Are The Real Reasons Why Gold And Silver Plunged Mike "Mish" Shedlock, Global Economic Trend Analysis Sep. 24, 2011, 7:28 AM Many people have asked me to comment on the plunge in gold and silver. First let's take a look at the wrong answer: Case Closed: CME Hikes Gold, Silver, Copper Margins And there you have it: CME just hiked gold margins by 21%, silver by 16% and copper by 18%. Mystery solved. Sorry Tyler, wrong answer. Four Reasons for Metals Plunge * Fed did far less than expected * Mutual fund redemptions * Margin calls at hedge funds...
  • WHAT THE HECK IS GOING ON...

    09/23/2011 8:30:42 AM PDT · by mamelukesabre · 101 replies
    internet | me
    What the heck is going on with the price of silver the last 3 days? Anyone know why its dropping like that? Seems to me with all the turmoil in europe, silver and gold should both be spiking.
  • Copper And Copper Stocks To Collapse Much Further

    09/21/2011 1:44:10 PM PDT · by blam · 15 replies · 1+ views
    Seeking Alpha ^ | James A. Kostohryz
    Copper And Copper Stocks To Collapse Much Further James A. Kostohryz September 21, 2011 The Malthusian ideologues of "peak everything" fooled an outsized portion of the investing world into believing that commodities and commodity stocks could only go up. Even if these Malthusian prophets of scarcity were correct in their basic theory about the long-term supply and demand fundamentals for commodities (I think that they are partially correct depending on the time-frame you look at) the fact is that they are only correct from a secular standpoint, if at all. The problem is that many of these folks have confused...
  • Red Alert On The Red Metal?

    09/20/2011 10:43:21 AM PDT · by blam · 7 replies
    Bruce Krastering Blog ^ | 9-20-2011 | Bruce Krastering
    Red Alert On The Red Metal?Bruce KrasteringSeptember 20,2011 At the end of last year I made predictions (a total of 44) of what might come. So far I’ve got (at least) one right and other dead wrong. I’m worried about the one I'm wrong on. Right -Volatility is going up across the board. If you have the stomach for the swings that are coming across all markets there is a ton of money to be made; balls and timing are all that are necessary. The markets will create dozens of opportunities to make and lose. . Wrong -Copper will continue...
  • Gold Still Looking Really Sick...

    09/19/2011 11:16:36 AM PDT · by blam · 79 replies
    TBI ^ | 9-19-2011 | Joe Weisenthal
    Gold Still Looking Really Sick... Joe Weisenthal Sep. 19, 2011, 1:42 PM It just keeps getting worse today, not benefiting from the aggressive nervous selling in every market around the world.
  • Awaiting The Inevitable Correction In The Silver Price

    09/15/2011 5:14:04 PM PDT · by blam · 28 replies
    The Daily Reckoningk ^ | 9-15-2011 | Eric Fry
    Awaiting The Inevitable Correction In The Silver Price By Eric Fry 09/15/11 Laguna Beach, California – The International Can-Kicking Team is busy again today, as the European Central Bank, US Federal Reserve and three other central banks linked arms to kick the European debt crisis down the road until the end of the year. Specifically, the Can-Kickers announced that they would provide three-month US dollar loans to European banks to insure that the banks have enough liquidity to make it to the end of the year. If past scams of this nature are any guide, the “short-term” assistance will somehow...
  • Copper Continues To Show Risk On (Dr Copper)

    09/08/2011 11:16:38 AM PDT · by blam · 4 replies
    Benzinga ^ | 9-7-2011 | Jonathan Chen
    Copper Continues To Show Risk On By Jonathan Chen Benzinga Staff Writer September 07, 2011 3:28 PM If you look at a chart of copper, you wouldn't know the world is ending in Europe. Sure, we dropped from nearly $4.50 per pound at the end of July, beginning to almost $3.80 per pound just a few days later in August. Since that low in August, we have seen a somewhat shaky, climb higher. We touched a technical level of $4.225 on August 31, bounced off that and found support at $4.02 last week. It has not been a steady climb...
  • Africa Trade Using China’s Currency Set to Reach US$100 Billion, Says Standard Bank (Press Release)

    09/07/2011 1:39:27 PM PDT · by AfricanChristian · 10 replies
    The steady internationalisation of China’s renminbi will see at least 40%, or $100-billion, of China’s trade with Africa being made using the currency unit by 2015, according to research just published by Standard Bank Group. Standard Bank economist Jeremy Stevens, currently based in Beijing, says the $100-billion in renminbi-denominated trade by 2015 amounts to more than the total Sino-African trade in 2010. In addition, at least $10-billion of Chinese investment into Africa will be denominated in renminbi over the same period. He says among the main benefits for Africa of renminbi internationalisation will be cheaper funding and lower transaction costs,...
  • China Forecast: Cloudy With A Chance Of Rain

    09/06/2011 8:20:19 PM PDT · by blam · 2 replies
    The Daily Reckoning ^ | 9-6-2011 | Chris Mayer
    China Forecast: Cloudy With A Chance Of Rain By Chris Mayer 09/06/11 Gaithersburg, Maryland – Remember the phrase “Buy what China needs to buy”? It was a good thesis for us for years. I dipped the ladle into this idea bowl often. And the stocks of producers of potash, oil, iron ore and other stuff from the earth did well. But the tides of fortune ebb and flow. Will these commodities be good investments from here? First, let me state again what every investor in commodities everywhere should know by now: China is your biggest buyer. Take a look at...
  • Why Food For Fuel Is A Terrible Idea

    09/04/2011 4:19:35 PM PDT · by blam · 61 replies
    Benzinga ^ | 9-2-2011 | Jonathan Chen
    Why Food For Fuel Is A Terrible Idea By Jonathan Chen Benzinga Staff Writer September 02, 2011 12:17 PM Pretty soon, corn will be more valuable than a barrel of oil. There is an article on Bloomberg Government from last month that still holds true today. (Gasp! Something written more than 30 seconds ago still holds true?) It is a sad fact that the U.S. is using corn almost as much as Saudi oil as fuel in this country. The "food for fuel" idea has been around for a long time, and it has been seen as a bailout of...
  • Gold Jumps To Highest Level In 9 Days

    09/02/2011 4:26:02 AM PDT · by blam · 5 replies
    TBI ^ | 9-2-2011 | Gus Lubin
    Gold Jumps To Highest Level In 9 Days Gus Lubin | Sep. 2, 2011, 5:32 AM Remember gold $1900? Gold took a $20 jump this morning on its way to the highest level since Aug. 24. The metal was at record levels as recently as Aug. 22 before slipping.
  • Et tu, Commodities? (The Collapse Of The Commodities Bubble)

    08/28/2011 8:21:50 AM PDT · by blam · 16 replies
    August 27 2011: Et tu, Commodities?August 27,2011 Detroit Publishing Co. Apocalypse Then April 18, 1906 "Looking up Market Street from near Ferry", San Francisco in the aftermath of the earthquake and fire Stoneleigh: Our most consistent theme here at The Automatic Earth has been the developing deflationary environment and the knock-on effects that will follow as a result. Now that the rally from March 2009 appears to be well and truly over, it is time to revisit aspects of the bigger picture, in order for people to prepare for a full-blown liquidity crunch. October 2007-March 2009 was merely a taster....
  • Hedge Higher Food Prices By Investing In Corn

    08/25/2011 10:49:25 AM PDT · by blam · 3 replies
    TMO ^ | 8-25-2011 | Money Morning
    Hedge Higher Food Prices By Investing In Corn Commodities / Agricultural Commodities Aug 25, 2011 - 06:55 AM By: Money Morning David Zeiler writes: A smaller-than-expected U.S. fall harvest, combined with strong demand, has sown the seeds of higher corn market prices. That will inflate your grocery bill, but it's also an investing opportunity that should persist into next year according to some experts. The United States Department of Agriculture (USDA) recently reduced its forecast for the fall corn crop to 12.9 billion bushels from 13.5 billion based on damage from spring flooding and summer drought in several key corn-producing...
  • Gold Tumbles Back To $1,825

    08/23/2011 3:56:03 PM PDT · by blam · 15 replies
    TBI ^ | 8-23-1011 | Mamta Badkar
    Gold Tumbles Back To $1,825 Mamta Badkar Aug. 23, 2011, 4:27 PM Gold futures are down just over 3.22% ending a rally that saw gold prices soar to $1,900 an ounce. The drop was attributed in part to a bounce back in equities and profit-booking.
  • GOLD $1900

    08/22/2011 6:30:33 PM PDT · by blam · 40 replies
    TBI ^ | 8-22-2011 | Gus Lubin
    GOLD $1900 Gus Lubin Aug. 22, 2011, 5:16 PM Update: Gold hit the new record at $1,900.75. Now read why Wells Fargo say this stunning rise does not look like a bubble.
  • Think Gold Price Is Not Manipulated? Think Again!

    08/12/2011 7:20:45 PM PDT · by blam · 69 replies
    TMO ^ | 8-12-2011 | George Maniere
    Think Gold Price Is Not Manipulated? Think Again! Commodities / Gold and Silver 2011 Aug 12, 2011 - 07:27 AM By: George Maniere On Wednesday August 17th the CME came out with an announcement that they would be raising margin rates on the purchase of future contracts on gold. They reported that this was an effort on their part to cool off the price of gold which has enjoyed a parabolic run since August 1st. They said that there would be more rate hikes to protect gold from becoming a bubble. When I read this I laughed at the arrogance...
  • China and Rare Earths - Monopoly for Now

    08/11/2011 9:20:55 AM PDT · by bananaman22 · 18 replies
    OilPrice.com ^ | 10/08/2011 | John Daly
    First, the bad news - China's constrained rare earth supplies will be an "irreversible trend" and prices will remain at high levels, according to Zhang Zhong, general manager of Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. Zhang should know, as his concern is China’s leading rare earths producer – the Baatou mine produces more than 95 percent of China’s production, while Chinese mines currently account for 97 percent of global supplies. The increase in global demand for rare earth metals has sent prices soaring in world markets. According to the China Nonferrous Metals Industry Association, since January rare earth metal...
  • What's Driving Silver Prices? (Thoughts?)

    08/08/2011 1:33:39 PM PDT · by OB1kNOb · 67 replies
    Vanity ^ | 8/8/11 | OB1
    As I type this, the Dow is down over 600 points. Gold shot from $1,660 on Sunday to $1,717 currently, while silver dropped last Friday to $38.32, then up to above $40 on Sunday, and has dropped today down to $38.94 currently. What's driving the whipsaw pricing on silver? Thoughts were Friday's downturn was driven by forced sales of silver investors needing to cover other positions, then Sunday saw overseas markets drive price back above $40. Is today's market slide causing more forced silver sales to cover other positions today, or are there other dynamics at work? I read earlier...
  • New copper theft law puts restrictions on recyclers

    08/02/2011 11:29:07 AM PDT · by Jet Jaguar · 45 replies
    WCIV ^ | July 31, 2011 | N/A
    Gov. Nikki Haley signed a new bill known as the Copper Theft Bill that makes several changes to the current law regarding the sale and purchase of copper. Under the new law, anyone who intends to transport and sell any non-ferrous metal, including copper and catalytic converters, to a scrap metal dealer must first obtain a free permit from the sheriff in the county where the seller lives. There are two types of permits available to the public: one is a one-year permit and the other is a 48-hour permit. To obtain the one-year permit, a person must submit an...
  • $1600 (GOLD!)

    07/18/2011 6:52:10 AM PDT · by blam · 10 replies
    TBI ^ | 7-18-2011 | Joe Weisenthal
    $1600 Joe Weisenthal Jul. 18, 2011, 4:34 AM Congratulations to gold, which has broken over $1600, for a new, nominal all-time high. Meanwhile, silver is back above $40, as the world races out of paper money ahead of looming disasters in the US or Europe.
  • Round two of 'bruising' debt talks underway after Obama stormed out warning GOP'don't call my bluff'

    07/14/2011 3:17:23 PM PDT · by Scanian · 20 replies
    Daily Mail ^ | July 14, 2011 | Lee Moran
    Barack Obama is today preparing to re-enter talks with Republicans as the two sides battle to reach an agreement in the ongoing debt ceiling crisis. Fuming lawmakers pointed fingers at one another and Obama on Thursday as negotiations over raising the national debt limit entered a perilous endgame. Federal Reserve Chairman Ben Bernanke warned of economic damage, and an anxious Wall Street envisioned catastrophe if the U.S. defaulted on its obligations. In the build up to today's meeting, Moody's ratings agency yesterday said that the U.S. could lose its top credit rating in coming weeks if a stand-off between the...
  • PRESSURE: MOODY'S PUTS USA ON DOWNGRADE WATCH

    07/13/2011 2:41:49 PM PDT · by kcvl · 58 replies
  • Felix Zulauf: The Secular Bear Market Will Last Another 5 Years

    07/11/2011 5:45:33 AM PDT · by blam · 18 replies
    TBI - Pragmatic Capitalism ^ | 7-11-2011 | Cullen Roche
    Felix Zulauf: The Secular Bear Market Will Last Another 5 Years Cullen Roche, Pragmatic Capitalism Jul. 11, 2011, 7:29 AM Good thoughts here by Felix Zulauf of Zulauf Asset Management (thanks to Barry Ritholtz). Zulauf believes the global economy remains in a deep contraction that has been only papered over by government spending. But he sees austerity setting in now and now contributing to the decline in growth. He predicts another 5 years in the secular bear market with the S&P 500 dropping to 500 by the middle of the decade. Additional summary: * Austerity measures cannot work in a...
  • Gary Shilling: Commodities "Show Every Sign" Of Being A Bursting Bubble

    07/03/2011 7:46:28 AM PDT · by blam · 26 replies
    TBI ^ | 7-3-2011 | Joe Weisenthal
    Gary Shilling: Commodities "Show Every Sign" Of Being A Bursting BubbleJoe Weisenthal July 3, 2011, 7:36 AM The final segment of Gary Shilling's big essay on Chinese hard landing argues that the inevitable bust will end in tears for the global commodity industry. Already, he says, commodities "show every sign" of being in a bubble zooming towards burst. His points are as follows: Every global commodity has been on a tear, but much of that has been driven by speculators, firm in their belief of inexhaustible demand from China. But already, despite warnings about supply tightness, there are reports of...
  • Gold And Oil Getting Killed Right Now, As Oil Falls Over 4% Since Bernanke Declared Deflation Dead

    06/23/2011 7:59:02 AM PDT · by blam · 38 replies
    TBI ^ | 6-23-2011 | Joe Weisenthal
    Gold And Oil Getting Killed Right Now, As Oil Falls Over 4% Since Bernanke Declared Deflation Dead Joe Weisenthal Jun. 23, 2011, 8:41 AMThe latest: The IEA just announced that they are releasing oil stocks due to continued instability in Libya. Read about it here> Earlier: Yesterday at around 2, Bernanke declared deflation dead. Today oil is getting killed following those weak Jobless claims. It's now fallen over 4% since then. Gold is also getting killed: It's off $30/oz! Things were already negative, and that was before that bad initial claims report. From FinViz, a chart of oil:
  • Bernanke Urges GOP To Be Irresponsible And Support Raising Debt Ceiling

    06/15/2011 10:08:17 AM PDT · by BillKneer · 26 replies
    The Patriot Statesman ^ | 6-15-2011 | Bill Kneer
    The Associated Press in a story posted on Yahoo News today headlined “Bernanke urges GOP to support raising debt ceiling” Look this is not that complicated for those who have and are willing to use just a little of the common sense that GOD has given them. Raising the debt ceiling will do nothing without cutting and I mean real cutting. If all we do is raise the limits all we are doing is kicking the can down the road and putting our children’s future at more risk. If I was irresponsible and continually over spent and kept going to...
  • More small businesses plan to reduce jobs: report

    06/15/2011 9:40:53 AM PDT · by Hojczyk · 13 replies
    Yahoo Finance ^ | June 15, 2011 | Aaron Smith
    Small business owners have a grim outlook on the economy, with a gathering number planning to reduce jobs over the next three months, according to survey results from an industry group. The percentage of independent businesses planning to increase employment in the next three months fell to 13% in May, compared to 16% in April and 18% in March, according to the National Federation of Independent Business. At the same time, the percentage of small businesses planning to reduce their work force has increased to 8% in May, compared to 6% in the month before, the group said. The group...
  • Bernanke’s ‘Cash For Spelunkers’ Sputters To An End

    06/08/2011 8:38:48 AM PDT · by Slyscribe · 6 replies
    IBD's Capital Hill ^ | 6/8/2011 | Jed Graham
    Back in November, when gold was priced $200 lower and the Federal Reserve was about to embark on a second round of asset purchases, Capital Hill dubbed the policy “cash for spelunkers.” Now, as the Fed printing press winds down its current run and the economy finds itself back in a soft patch, the moniker and the prediction behind it seem on target: Like “cash for clunkers,” the housing tax credit and other attempts to provide short-term fuel, the Federal Reserve’s second round of quantitative easing can only buy a little time to fix what ails the economy.
  • Fed's QE2 Policy Has Failed To Lift Real Wages

    06/07/2011 7:22:41 AM PDT · by Slyscribe · 12 replies
    Investor's Business Daily ^ | 6/6/2011 | Jed Graham
    The Federal Reserve's current round of asset purchases, due to expire June 30, is being bookended by economic soft patches. A logical question is whether the central bank's $600 billion in Treasury buys merely provided a short-term artificial boost. Wild cards from Japan to the Middle East make it impossible to judge with certainty if the Fed's latest aggressive efforts have failed. But the most telling data point — no gain in real private-sector wages —
  • Stocks skid as banks slash jobs outlook

    06/01/2011 9:49:16 AM PDT · by Deo volente · 79 replies
    Yahoo.com ^ | June 1, 2011
    NEW YORK (Reuters) - Stocks skidded on Wednesday, with the Nasdaq off 1 percent as more weak economic data cemented fears of a slowdown and prompted big Wall Street players to slash their forecasts ahead of the closely watched payrolls report on Friday.
  • Tonight's Andrea Shea King Show is All Business with Ann Barnhardt

    05/27/2011 2:25:38 PM PDT · by patriotgal1787 · 2 replies
    The Radio Patriot ^ | May 27, 2011 | Andrea Shea King
    TONIGHT'S ANDREA SHEA KING SHOW IS ALL BUSINESS The Andrea Shea King Show--9 PM ET http://www.blogtalkradio.com/askshow/2011/05/28/the-andrea-shea-king-show Ann Barnhardt spent last weekend at the Front Sight Firearms Training Institute in Las Vegas Joining us again will be Ann Barnhardt of Barnhardt Capital Management, Inc.Tonight we'll be talking to Ann about economics, specifically the commodities markets. Ann posted this morning about an alarming trend in the cattle/corn markets, and since all commodities translate to the cost of everything we buy, we thought we should have Ann stop by and explain just what's going on in the trading pits of Chicago. As Ann...
  • Next Danger: "Splash Crash"

    05/23/2011 10:33:25 AM PDT · by george76 · 21 replies
    barrons ^ | MAY 21, 2011 | JIM MCTAGUE
    Markets are ill-prepared for a high-speed trading disruption that might simultaneously affect stocks, commodities, bonds and other assets. Last year's Flash Crash was a hair-raising experience for stock and commodities investors—comparable to the sudden descent of a large airliner from 38,000 feet to tree-top level, followed by an equally sudden and steep ascent. A trillion dollars in equity vanished in minutes, as stock futures, exchange-traded funds and equities plunged. I've recently heard from a computer-trading expert warning of the very real possibility of a more widespread and catastrophic "splash crash," a dislocation by high-speed trading computers that could simultaneously splash...
  • Goldman Plunges, As Market Cap Shrinks By $8.3 Billion Just Since The Matt Taibbi Takedown

    05/21/2011 6:32:04 PM PDT · by SeekAndFind · 22 replies
    Business Insider ^ | 05/21/2011 | Joe Weisenthal
    If you haven't been paying attention, Goldman Sachs shares have been in freefall. They lost over 3% Friday amid a slew of headlines about imminent subpoenas related to Blankfein, the firm's activities during the crisis, and just generally for being the much-reviled Goldman Sachs. The stock has lost over 10% in just the last week since Matt Taibbi wrote his latest takedown, costing the firm over $8 billion in market cap. From its 52-week high made earlier this year, the stock is off 24%. At $134, it's only barely above its $129 book value, meaning that either A) people don't...
  • The Coming Great Inflation

    05/20/2011 9:37:47 AM PDT · by Kartographer · 12 replies
    Market Oracle ^ | 5/18/11 | Michael_J_Kosares
    The table displayed immediately below is likely to surprise even our most-jaded readers. It shows the astronomical increase in cash prices for well-known food commodities over the past 12 months. With inarguable exactness, it contradicts the nearly constant prattle in the mainstream press that inflation is under control, or that it is peaking and likely to come under control sometime soon. Some items on the list have doubled -- even tripled -- in price over the past year. Others have risen at mere double-digit rates.
  • Why Corn Is Suddenly The Hottest Commodity In The World

    05/18/2011 2:24:59 PM PDT · by blam · 26 replies · 1+ views
    TBI ^ | 5-19-2011 | Joe Weisenthal
    Why Corn Is Suddenly The Hottest Commodity In The World Joe Weisenthal May 18, 2011, 4:30 PM In case you don't watch such things, the price of corn has been soaring of late. It's the hottest commodity around. Here's a chart: What's behind the gigantic move? Basically, weather and the fact that corn plantings for the year are WAY slower than estimated, and way behind historical pace. As this chart from Morgan Stanley shows, the amount of available stocks to use has hit a record low. And here you can see how behind corn planting is this year. Image: Morgan...
  • THE GOOD OLD DAYS ARE BACK, EVERYTHING GOES UP: Here's What You Need To Know

    05/18/2011 2:15:35 PM PDT · by blam · 9 replies
    TBI ^ | 5-19-2011 | Joe Weisenthal
    THE GOOD OLD DAYS ARE BACK, EVERYTHING GOES UP: Here's What You Need To Know Joe Weisenthal May 18, 2011, 4:00 PM The wheel of fortune spins again! But first, the scoreboard Dow: +79.29 NASDAQ: +31.76 S&P 500: +11.46 And now, the top stories: * It was actually pretty quiet for most of the globe for most of the day. The rally really started yesterday afternoon, when the Dow cut a 150 point loss in half. That continued through the evening (helped in part by good earnings from Dell, perhaps) with solid gains overseas. * By the time early morning...
  • Silver was 'manipulated' down, Sprott saysStory

    05/14/2011 5:25:42 AM PDT · by Heuristic Hiker · 33 replies
    Marketwatch ^ | May 12, 2011 | Alistair Barr
    LAS VEGAS (MarketWatch) -- Silver has been manipulated down in recent weeks, Eric Sprott, head of Sprott Asset Management, said Thursday. Silver slumped by $6 in 13 minutes late on a recent Sunday, when the market was thinnest, Sprott noted during the SkyBridge Alternatives Conference in Las Vegas. That was followed by four margin increases, Sprott added. Sprott recently launched a silver fund and has been a gold bull for at least a decade. Despite the recent drop in precious metals, Sprott reckons they are a good way to protect against trouble in the banking system and a potential devaluation...
  • In 'Phase 2' Of Commodity Slide

    05/12/2011 5:48:12 AM PDT · by Heuristic Hiker · 5 replies
    Online WSJ ^ | MAY 12, 2011 | FRANCESCA FREEMAN
    LONDON—Precious metals are under pressure in Europe amid another broad commodities sell-off as concerns over further Chinese monetary tightening, a weaker euro and further commodity-margin increases weighed on prices. Thursday morning, spot gold traded at $1,484.08 a troy ounce, compared with bids of $1500.90 late in New York on Wednesday, while spot silver was at $33.115 per ounce, from $35.07.