Aug 23, 2013
A sell-off in U.S. government bonds could force the Fed to rethink its taper of asset purchases in September. If come September 10-year Treasury yields are at 3 percent or higher the reduction in assets purchases could be delayed.
Aug 19, 2013
Several levered hedge funds have shorted more gold and silver futures contracts than the COMEX holds in physical storage. Many believe speculators shorting gold and silver will be squeezed as Asians take physical delivery.
Aug 13, 2013
A senior administration official said the White House is not opposed to new sanctions, but want to give Iran’s new president Rouhani a chance. Iran’s oil exports have dropped from 2.2 million barrels per day to 1.16 million.
Aug 07, 2013
Hot money appears to be moving from U.S. equities to Euro stocks. Reuters reports that Western European economies are spluttering to life again at last just as emerging markets cool down, and as U.S. stocks reached new highs.
Aug 02, 2013
U.S. employers added jobs at a slower pace in July, suggesting steady but unspectacular economic growth. US. Payrolls grew by 162,000 last month, the Labor Department said Friday. The unemployment rate fell to 7.4%, its lowest level since 2008.
Aug 01, 2013
Iraq’s Prime Minister told the Obama administration that Iran wants direct talks with the US on its nuclear program, according to a report in the New York Times which cited Western officials. Iraq was prepared to facilitate the negotiations.
Jul 29, 2013
Summers has as much chance of being confirmed to head Fed by the Senate as a snow ball in hell. Conservatives will not support him because he is a Keynesian from Harvard. Liberals will not support him because of politically incorrect statements.
Jul 29, 2013
US Federal Reserve chairman Ben Bernanke will trim the Fed’s monthly bond buying in September to $65bn, according to a growing number of economists surveyed by Bloomberg.
Jul 18, 2013
Israel Prime Minister Benjamin Netanyahu said on CBS news’s Face the Nation, Iran is just 60 kilograms short of crossing his “red line”. Crude oil and gold prices will spike up higher if Israel attacks Iran’s nuclear facilities.
Jul 10, 2013
West Texas Intermediate crude advanced to a 14-month high as U.S. equities rise amid optimism about the economy and as U.S. oil inventories fell last week.