Wednesday 22 June 2011

Stocks Pause Ahead of Fed Rate Decision - TheStreet.com

http://www.thestreet.com/story/11161432/1/stock-market-story-june-22.html

Stocks Pause Ahead of Fed Rate Decision

06/22/11 - 11:26 AM EDT

NEW YORK (TheStreet) -- Stocks inched higher but didn't stray too far from the flat line ahead of the Federal Reserve's rate decision announcement later this afternoon.

Financial stocks were helping the Dow Jones Industrial Average move higher. JPMorgan Chase(JPM _),American Express(AXP _) and Bank of America(BAC _) were trading near the top of the Dow, which was up by 1 point, or 0.01%, at 12,191. The S&P 500 was higher by 2 points, or 0.1%, at 1297, and theNasdaq was ahead by 3 points, or 0.1%, at 2691.

FedEx(FDX _), which is often considered a bellwether for the economy, was also giving the market a boost. The package delivery company said earnings jumped 33% in the fourth quarter, beating expectations, and forecast strong 2012 earnings. The stock was gaining 2.3% to $91.21 and the transportation sector was showing some of the session's strongest gains. Shares of rival UPS were advancing 1% to $71.35.

"FedEx is the best call on the world economy I know of and, while it looks like the company got a boost from those trying to work around the Japanese supply chain issue, the whole world seems better than people think," said Jim Cramer in a RealMoney blog post.

The Federal Open Market Committee's looming rate decision announcement was keeping the market in check even though Wall Street isn't anticipating anything unexpected. Fed Chairman Ben Bernanke has been clear about his intentions to end the second-round of quantitative easing in June as was originally planned when the program was launched in November 2010.

http://www.thestreet.com/story/11161432/1/stock-market-story-june-22.html

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Will Ben Bernanke Move Gold Prices? - TheStreet.com

NEW YORK (TheStreet) -- Tim Harvey, Senior VP at ETF Securities, says Ben Bernanke and the Federal Reserve won't be big game changers for gold, but prices need a crisis to move higher.

Wed 06/22/11 22:45 PM EST -- Alix Steel

Stocks in this video: SGOL | GLD | IAU | AGOL

http://www.thestreet.com/video/index.html?clipId=11161574

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Gold Prices Rally Ahead of Fed Announcement

By Alix Steel

http://www.thestreet.com/story/11161561/1/gold-prices-rally-ahead-of-fed-announcement.html
06/22/11 - 10:38 AM EDT

NEW YORK (TheStreet ) -- Gold and silver prices were rallying Wednesday ahead of the Federal Reserve's interest rate announcement and Ben Bernanke's press conference.

Gold for August delivery was adding $7.80 to $1,554.20 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,559.20 and as low as $1,542 while the spot gold price was adding $8.40, according to Kitco's gold index.

Silver prices were adding 13 cents to $36.51 an ounce while the U.S. dollar index was flat at $74.63 and the euro was slightly higher.

Gold prices were breaking through the $1,550 an ounce area, signaling a breakout to some traders. "Right now we are in a range $1,510 to $1,550," says Mihir Dange, founder and trader at Arbitrage, but "it seem like there is going to be a big move coming up."

Gold prices didn't do much after Greece's Prime Minister George Papandreou received a vote of confidence from his government late Tuesday, which paves the way for billions in austerity measures needed to secure more bailout money. It seems gold prices are instead taking direction from the Fed's upcoming interest rate announcement and Ben Bernanke's second press conference.

http://www.thestreet.com/story/11161561/1/gold-prices-rally-ahead-of-fed-announcement.html

information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Spot Gold Charts - 24 hours Jun 22

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Overdose: The Next Financial Crisis

In times of crisis people seek strong leaders and simple solutions. But what if their solutions are identical to the mistakes that caused the very crisis? This is the story of the greatest economic crisis of our age, the one that awaits us.
View full film here: http://vod.journeyman.tv/store?p=4241&s=Overdose

Publisher: Journeyman
Length: 52mins
Location: USA
Copyright: ©Devill/Borggs Production
Published: 22 Jul, 2010
Last Updated: 17 May, 2011
Ref: 4875

When the world's financial bubble blew, the solution was to lower interest rates and pump trillions of dollars into the sick banking system. "The solution is the problem, that's why we had a problem in the first place". For Economics Nobel laureate Vernon Smith, the Catch 22 is self-evident. But interest rates have been at rock bottom for years, and governments are running out of fuel to feed the economy. "The governments can save the banks, but who can save the governments?" Forecasts predict all countries' debt will reach 100% of GDP by next year. Greece and Iceland have already crumbled, who will be next?

The storm that would rock the world, began brewing in the US when congress pushed the idea of home ownership for all, propping up those who couldn't make the down payments. The Market even coined a term, NINA loans: "No Income, No Assets, No Problem!" Enter FannieMae and FreddieMac, privately owned, government sponsored. "Want that vacation? Wanna buy some new clothes? Use your house as a piggie bank!" Why earn money to pay for your home when you can make money just living in it? With the government covering all losses, you'd have been a fool not to borrow.

The years of growth had been a continuous party. But when the punchbowl ran dry, instead of letting investors go home to nurse their hangovers as usual, the Federal Reserve just filled it up again with phoney money. For analyst Peter Schiff, the consequence of the spending binge was crystal clear: "we're in so much trouble now because we got drunk on all that Fed alcohol". Yet along with other worried experts, he was mocked and derided during the boom.

Have you taken out a mortgage, invested capital or bought shares? If you have, likelihood is you lost out in the latest bust. Governments promised decisive action, the biggest financial stimulus packages in history, gargantuan bailouts: but what crazed logic is this, propping up debt with...more debt? This documentary brings an entirely fresh voice to the hottest topic of today.

Shares of Apple have fallen more than $50 - Yahoo Breakout

http://finance.yahoo.com/blogs/breakout/archive/2.html

Here are some stats to mull about the biggest technology and computer hardware company on Earth:

* Shares of Apple have fallen more than $50 since hitting an all-time high of $364.90 in mid-February. That's about $43 billion of evaporated market value -- or the equivalent of an Eli Lilly (LLY) disappearing into thin air. The slide to a seven-month low has not been abrupt or disorderly. In fact, there have been only three trading days since the February high that Apple dropped more than 2% in a single session.

* The stock has just broken below its 200-day moving average for the first time since September 2008.

* It is on track for its biggest one-month drop in three years.

* 94% of the 52 analysts who follow the stock currently rate it a buy, and it has topped EPS consensus estimates for at least 20 consecutive quarters and missed sales only once, according the FactSet data.

Obviously, the second-biggest stock in the country has been an absolute monster holding for any growth investors these past few years, but its recent slide and deteriorating technicals are cause for concern.

Even veteran traders like Jon Najarian, co-founder of OptionMonster.com, admits to getting singed by the Cupertino Kid and says he was " lucky to take only a $2 loss."

"Apple is facing a host of headwinds even though they've got great products that everyone loves. The supply chain issues have pushed off launches, like the iPhone 5, until at leastRead More »http://finance.yahoo.com/blogs/breakout/archive/2.html

The Central Bank of the Russian Federation - Gold Reserves Update

The Central Bank of the Russian Federation updated their website for May yesterday. During that month, they reported purchasing 200,000 ounces of gold for their reserves...and currently hold 26.7 million ounces of gold bullion. Here's the updated chart courtesy of Nick Laird.

http://harveyorgan.blogspot.com/

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Newsmaker: Jim Rogers - Lost Decade

Jun 21, 2011

December 7, 2010 - Chrystia Freeland interviews American investor, author and co-founder of the Quantum Fund, Jim Rogers.

Gold is Forever: Purves - Yahoo Breakout

Gold is Forever: Purves

By Jeff Macke | Breakout – 13 hours ago

Friend of Breakout Micheal Purves of BCG Partners says the gold move is built to last as both a chart and fundamental perspective.

"From a chart point of view, gold is clearly a buy and hold," says the chief strategist. He contrasts gold with the broader equity market, which he characterizes as a "wolf" or traders' market. Gold works on many fronts, says Purves. Perhaps the best case he can make is the slow realization of traders and investors that gold isn't just an investment but that "gold is one thing and one thing only... another form of currency."

As for the base metals, Purves is another strategist watching copper. "If you're trading copper, you're trading China" he says, nothing that China consumes one out of every two pounds of copper being pulled from the ground.

While Micheal isn't oblivious to the idea of Chinese growth slowing, he says that copper is your best tell. Copper was the first of the industrial metals to start showing weakness at the beginning of the year and,Read More »http://finance.yahoo.com/blogs/breakout/archive/2.html

Bitcoin The End of State-Controlled Money with Jerry Brito

What is Bitcoin?

Mar 22, 2011

More information on http://www.weusecoins.com

This video is a short animated introduction to Bitcoin, made possible with donations from the Bitcoin community.

We'd like to thank:
- Donators for the Bitcoin Animated Movie Bounty
- Bitcoin users and miners around the world
- Everyone from #bitcoin-dev and #bitcoin-otc on Freenode for help with the technical side and history of Bitcoin
- gavinandresen, [mike] for reviewing the script
- Greg, Steve, Dan and Jasmin who provided their professional help and insights for free
- All of our friends, family and random strangers who took the time to read the script and provide feedback

Credits:
Voice - Chris Rice (www.ricevoice.com)
Motion Graphics - Fabian Rühle (fabianruehle.tumblr.com)
Music/Sound Design - Christian Barth (www.akkord-arbeiter.de)
Production - Stefan Thomas

Keiser Report: Financial No-Go Zone (E157)

RussiaToday | Jun 21, 2011

This week Max Keiser and co-host, Stacy Herbert, report on how to improve your self esteem with mountains of debt. In the second half of the show, Max talks to Demetri Kofinas in Athens about the global insurrection against banker occupation happening in Syntagma Square and the role of credit default swaps and mountains of debt in making that occupation possible in the first place.
KR on FB: www.facebook.com/KeiserReport

Greek debt tragedy: 'Slow agonizing death of the Euro'

RussiaToday | Jun 21, 2011 | 2,842 views

The Greek Prime Minister is facing a crucial confidence vote in parliament. It will determine whether he'll be able to secure another injection of cash from the EU, and save the country from plunging into deeper crisis. On Monday, EU finance ministers piled further pressure on Greece. They gave Athens two weeks to pass fresh budget cuts and tax increases, conditions that must be met to secure a previously agreed installment of twelve billion euro. MEP William Dartmouth, whose UK Independence Party wants Britain out of the EU, says the uncertainty over the next payment for Greece, is understandable.

Metal & Petroleum Futures

Gold (CMX)-100 troy oz.; $ per troy oz.

						LIFETIME
	Open	High	Low	Settle	Chg	High	( )	Low	Open Int
Jun 11	1536.00	1545.70	1535.20	1541.50	+2.90	1577.40		1310.90	933
Aug 11	1541.30	1548.20	1533.60	1542.00	+2.90	1577.70		1314.20	340,606
Oct 11	1540.20	1548.40	1535.00	1543.10	+2.90	1579.20		1317.60	11,818
Dec 11	1541.60	1550.50	1536.20	1544.30	+3.00	1579.50		1317.40	68,551
Feb 12	1543.40	1548.30	1540.50	1545.60	+3.00	1578.90		1321.10	9,177
Apr 12	1546.00	1548.90	1541.70	1547.20	+3.00	1570.40		1330.90	6,435
Jun 12	1547.90	1547.90	1545.70	1548.70	+3.00	1573.10		1326.30	13,220
Oct 12	1550.80	1554.10	1550.80	1552.80	+3.10	1492.00		1447.70	4,089
Dec 12	1553.00	1558.80	1550.60	1555.30	+3.00	1593.80		1336.30	12,474
Feb 13	1561.60	1561.70	1556.40	1558.20	+2.90	1569.60		1486.70	394
Jun 13	1562.20	1567.40	1561.60	1565.70	+3.20	1567.40		1420.00	9,952
Dec 13	1583.10	1583.10	1581.70	1581.60	+3.50	1617.80		1375.00	10,297
Jun 14	1585.20	1602.30	1585.20	1600.20	+3.60	1602.30		1460.00	2,911

Sources: SIX Telekurs; WSJ Market Data Group; historical data prior to 6/15/11: Thomson Reuters; WSJ Market Data Group

Silver (CMX)-5,000 troy oz.; $ per troy oz.

						LIFETIME
	Open	High	Low	Settle	Chg	High	( )	Low	Open Int
Jun 11	35.800	36.070	35.730	36.065	+0.326	49.530		32.375	11
Jly 11	35.990	36.200	35.260	36.071	+0.323	49.845		26.450	36,070
Sep 11	35.995	36.200	35.280	36.084	+0.325	49.530		26.710	31,508
Dec 11	36.100	36.130	35.300	36.098	+0.326	49.810		26.410	22,812
Mar 12	36.035	36.035	36.035	36.075	+0.329	49.500		27.610	4,399
May 12	35.945	36.010	35.945	36.048	+0.331	49.315		32.815	1,300
Dec 12	35.900	35.900	35.600	35.974	+0.329	49.510		26.700	7,964
Dec 15	35.160	35.160	35.160	35.052	+0.329	48.150		28.400	408

Sources: SIX Telekurs; WSJ Market Data Group; historical data prior to 6/15/11: Thomson Reuters; WSJ Market Data Group

Crude Oil, Light Sweet (NYM)-1,000 bbls.; $ per bbl.

						LIFETIME
	Open	High	Low	Settle	Chg	High	( )	Low	Open Int
Jly 11	92.80	93.52	91.14	93.26	+0.25	115.27		91.14	65,994
Aug 11	93.17	93.87	91.51	93.63	+0.23	115.52		91.51	295,536
Sep 11	93.54	94.30	91.94	94.07	+0.23	115.60		91.94	155,921
Oct 11	93.82	94.69	92.37	94.46	+0.23	115.55		92.13	69,175
Nov 11	93.89	95.01	92.72	94.85	+0.22	115.46		92.33	58,136
Dec 11	94.75	95.44	93.06	95.19	+0.21	115.45		92.28	188,553
Jan 12	93.85	95.62	93.61	95.52	+0.21	115.22		92.51	50,425
Feb 12	94.37	96.04	94.02	95.84	+0.21	114.57		94.08	24,019
Mar 12	94.62	96.38	94.59	96.15	+0.21	114.87		94.24	31,369
Apr 12	95.85	96.66	95.60	96.44	+0.20	114.09		95.85	18,446
May 12	94.69	96.94	94.69	96.72	+0.19	113.20		95.97	18,648
Jun 12	95.45	97.17	95.22	96.97	+0.18	113.99		92.60	73,675
Jly 12	96.74	97.41	96.34	97.17	+0.19	113.30		96.49	30,176
Aug 12	97.07	97.50	96.22	97.26	+0.19	112.13		96.94	12,490
Sep 12	97.12	97.59	96.65	97.31	+0.19	112.50		96.99	15,043
Oct 12	97.19	97.66	96.73	97.39	+0.20	107.45		97.10	10,304
Nov 12	95.99	97.63	95.99	97.50	+0.19	107.86		98.35	24,237
Dec 12	97.00	97.84	95.85	97.64	+0.18	112.14		91.95	150,037
Jan 13	96.18	97.78	96.11	97.65	+0.20	108.37		97.95	17,483
Feb 13	97.38	97.80	96.97	97.67	+0.22	110.30		96.06	5,634
Jun 13	97.32	97.85	96.89	97.71	+0.29	109.41		92.35	30,556
Jly 13	96.99	96.99	96.99	97.67	+0.31	108.59		94.78	2,373
Aug 13	97.53	97.53	97.53	97.67	+0.33	n.a.		n.a.	1,895
Sep 13	97.54	97.54	97.54	97.69	+0.35	102.69		102.50	10,726
Dec 13	96.97	98.24	96.09	98.04	+0.39	108.87		90.90	76,779
Dec 14	96.05	97.75	95.95	97.66	+0.61	106.81		90.85	34,830
Dec 15	96.17	97.56	96.00	97.51	+0.76	106.62		90.25	24,559
Jun 16	97.35	97.35	97.35	97.49	+0.74	n.a.		n.a.	139
Dec 16	97.37	97.37	97.15	97.56	+0.78	106.90		91.69	9,834
Dec 17	97.45	97.45	97.45	98.00	+0.78	107.30		92.52	4,603

Sources: SIX Telekurs; WSJ Market Data Group; historical data prior to 6/15/11: Thomson Reuters; WSJ Market Data Group

http://online.barrons.com/mdc/public/page/9_3023-fut_metal-futures.html?mod=bol_topnav_9_3024

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

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Wednesday 22 June 2011