Tag: marketmatters

Cotton Closes Above $2 per Pound as Market Remains in Chaos

Filed in commodities, New Gold, o, South African Gold, Spot Gold by on February 18, 2011 0 Comments
Cotton Closes Above $2 per Pound as Market Remains in Chaos

Filed under: Major Movement , Industry , Market Matters , Commodities , Agriculture The cotton market is in a state of chaos. On Friday, March cotton on the ICE exchange closed at $2.1102 per pound, up the 7 cent daily limit, the Financial Times reported. The market opened limit up at $2.1102. That means that you cannot buy cotton even if you wanted to. The market is frozen. Commodities are much different from stocks. Commodities are a zero sum game. Contracts usually last for three months. At the end of the three months, the longs take delivery from the shorts who deliver their cotton, and zero contracts are left. Continue reading Cotton Closes Above $2 per Pound as Market Remains in Chaos Cotton Closes Above $2 per Pound as Market Remains in Chaos originally appeared on BloggingStocks on Fri, 18 Feb 2011 10:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Jobs Report Disappoints Despite Lower Unemployment Rate

Filed in Federal Reserve, New Gold, o, recession by on January 7, 2011 0 Comments
Jobs Report Disappoints Despite Lower Unemployment Rate

Filed under: Forecasts , Employees , Market Matters , Economic Data , Federal Reserve , Recession The Labor Department reported that employers added 103,000 jobs last month. This fell short of the expected 150,000 predicted by economists surveyed by Dow Jones. However, the unemployment rate fell to 9.4%. The November report was revised upward to 71,000 from 39,000, as reported by the Wall Street Journal . Earlier in the week ADP reported that private sector jobs rose by 297,000 last month, the strongest gain since ADP began collecting data. Continue reading Jobs Report Disappoints Despite Lower Unemployment Rate Jobs Report Disappoints Despite Lower Unemployment Rate originally appeared on BloggingStocks on Fri, 07 Jan 2011 11:40:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Single Trader Dominates Copper in London Metals Exchange

Filed in commodities, copper, New Gold, o, silver, South African Gold, Spot Gold, Zinc by on December 24, 2010 0 Comments
Single Trader Dominates Copper in London Metals Exchange

Filed under: Market Matters , Commodities , ETF Over the years there have been some strange goings on in the commodity markets. One episode that comes to mind is the attempt by the Hunt brothers of Texas to corner the silver market in the 1970s. Now we have another strange occurrence. The Financial Times reported that one trader holds 80% to 90% of the copper in the London Metals Exchange (LME) warehouses, valued at about $3 billion. We do know that JPMorgan Chase ( JPM ) is a big player in the copper market. Whether JPMorgan increased its holdings is not known. Continue reading Single Trader Dominates Copper in London Metals Exchange Single Trader Dominates Copper in London Metals Exchange originally appeared on BloggingStocks on Fri, 24 Dec 2010 11:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Cricket Launches Music Service for Mobile Phones

Filed in o, Spot Gold by on December 20, 2010 0 Comments
Cricket Launches Music Service for Mobile Phones

Filed under: Products and Services , Launches , Market Matters , Technology Here’s a really hot new music product. Cricket Communications is offering a music service for wireless customers as part of a monthly rate plan. Reuters reports that Leap Wireless International ( LEAP ) is selling in January a combined voice, data and text plan, along with all the music you can download mus for $55 per month. Continue reading Cricket Launches Music Service for Mobile Phones Cricket Launches Music Service for Mobile Phones originally appeared on BloggingStocks on Mon, 20 Dec 2010 14:00:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Consumers Are More Upbeat, but Still Wary About Big Purchases

Filed in o, recession, South African Gold, Spot Gold by on December 1, 2010 0 Comments
Consumers Are More Upbeat, but Still Wary About Big Purchases

Filed under: Market Matters , Economic Data , Housing , Recession According to the Wall Street Journal , the Conference Board reported that consumer confidence rose in November to 54.1, from 49.9 in October. Those people expecting conditions to get better rose to 16.7% from 15.8%. Those expecting conditions to worsen fell to 12.1% from 14.4%. The same ratios were found for job expectations. On the other hand, the Case-Shiller composite index of home prices fell 1.5% in the third quarter from a year ago. The index showed an even further drop of 2% in the third quarter when compared to the previous quarter. Continue reading Consumers Are More Upbeat, but Still Wary About Big Purchases Consumers Are More Upbeat, but Still Wary About Big Purchases originally appeared on BloggingStocks on Wed, 01 Dec 2010 12:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Korean Hostility Triggers Wall Street Sell Off

Filed in o, Spot Gold by on November 23, 2010 0 Comments
Korean Hostility Triggers Wall Street Sell Off

Filed under: Market Matters , Headline News , DJIA On a quiet Tuesday two days before Thanksgiving, you wake up to find that North Korea has shelled an island off the coast of South Korea. You turn on your computer to find that the incident has triggered a sell off on Wall Street. The Dow dropped 120 points to 11,056. The Nasdaq Composite fell 1% to 2506, as reported in the Wall Street Journal . You are probably wondering why this small confrontation between North and South Korea is causing all this turmoil. For one thing the market dislikes uncertainty, especially when international power balances are being breached. This is the first salvo in what could be a nasty situation. When something like this happens, traders simply bail out and wait to see what happens next. Continue reading Korean Hostility Triggers Wall Street Sell Off Korean Hostility Triggers Wall Street Sell Off originally appeared on BloggingStocks on Tue, 23 Nov 2010 11:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Record Demand for Silver Coins

Filed in Gold, o, silver, silver-prices, South African Gold by on November 18, 2010 0 Comments
Record Demand for Silver Coins

Filed under: Market Matters , Currency The Financial Times quotes Jonathan Potts saying: “The phones are ringing off the hook.” Potts is managing director of Fidel Trade, a U.S. coin dealership authorized to buy coins directly from the U.S. mint. Potts’s statement is indicative of the state of the gold and silver coin market. Mints all over the world are running at full capacity. Among them are: David Madge, head of bullion sales at the Royal Canadian Mint said sales of the Silver Maple Leafs had been “extremely strong.” Continue reading Record Demand for Silver Coins Record Demand for Silver Coins originally appeared on BloggingStocks on Thu, 18 Nov 2010 10:40:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Commodity Markets Get Slammed

Commodity Markets Get Slammed

Filed under: Major Movement , International Markets , China , Market Matters , Commodities , Oil , Agriculture , S and P 500 , Federal Reserve , Currency It was a classic commodity rout. Speculators were stopped out. Hedge funds started bailing out and traders simply sold short, short short. The reason given was a fear that China would curb inflation which was stated at 4.4% for October, as reported in the Wall Street Journal . Worry over Ireland and Portugal were thrown in as supporting reasons for the sell off. Except for the bond market, and the US Dollar virtually no sector was left unscathed. Let’s look at the numbers: Continue reading Commodity Markets Get Slammed Commodity Markets Get Slammed originally appeared on BloggingStocks on Tue, 16 Nov 2010 18:00:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Federal Housing Finance Agency Issues Subpoenas to Big Banks

Filed in New Gold, South African Gold, Spot Gold by on October 21, 2010 0 Comments
Federal Housing Finance Agency Issues Subpoenas to Big Banks

Filed under: Products and Services , Management , Market Matters , Scandals , Headline News , Housing Without naming names, the Federal Housing Finance Agency (FHFA) issued subpoenas to several big banks to obtain documentation on their mortgage servicing and securitization, as reported in the New York Times. The purpose of the subpoenas is to determine is there was fraud in packaging and reselling bundles of mortgages to investors during the housing bubble. Continue reading Federal Housing Finance Agency Issues Subpoenas to Big Banks Federal Housing Finance Agency Issues Subpoenas to Big Banks originally appeared on BloggingStocks on Thu, 21 Oct 2010 17:30:00 EST. Please see our terms for use of feeds . Read | Read | Read | Permalink | Email this | Comments

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Citigroup Is Stronger — Will the Dividend Return?

Filed in ceo, citigroup, dividend, earnings, New Gold by on October 19, 2010 0 Comments
Citigroup Is Stronger — Will the Dividend Return?

Filed under: Earnings Reports , Market Matters After Citigroup ( C ) posted a profit of $2.2 billion for the quarter, as reported in the Wall Street Journal , CEO Vikram Pandit said the bank “should be in a position to return capital to shareholders in 2012 and expects to exceed international capital requirements known as Basel III.” This could be interpreted as saying that Cit will start paying a dividend again. Monday’s earnings result was a sharp turnaround from a year ago when net income was only $101 million. The stock rose 22 cents to $4.17 on Monday, but stalled in Tuesday morning’s trading. Continue reading Citigroup Is Stronger — Will the Dividend Return? Citigroup Is Stronger — Will the Dividend Return? originally appeared on BloggingStocks on Tue, 19 Oct 2010 13:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Fed’s Evans: The U.S. Is in a Liquidity Trap

Fed’s Evans: The U.S. Is in a Liquidity Trap

Filed under: Market Matters , Economic Data , Federal Reserve , Financial Crisis Here’s a shocker!. Chicago Fed President Charles Evans claims that the U.S. is an a bona fide liquidity trap! His remarks were given in a speech to the Boston Fed and reported in the Wall Street Journal . In attendance were Fed employees, academics and Wall Streeters. Evans is proposing a radical departure from established Fed policy, which is to maintain price stability and maximum sustainable employment. Here it is! He wants to foster above-target inflation for a time! Continue reading Fed’s Evans: The U.S. Is in a Liquidity Trap Fed’s Evans: The U.S. Is in a Liquidity Trap originally appeared on BloggingStocks on Sun, 17 Oct 2010 10:40:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Will the Euro Rally to $1.50?

Filed in euro, inflation, New Gold by on October 7, 2010 0 Comments
Will the Euro Rally to $1.50?

Filed under: Forecasts , Market Matters , Economic Data , Currency In an interview with CNBC, Warren Mosler, principal broker dealer with AVM, lays out his argument for the euro’s rise to $1.50 . His main argument is that Europe is creating austerity measures that are curbing inflation and thus strengthening the euro. Notwithstanding the fact that the European Central Bank (ECB) is buying bonds from weaker members like Greece, Ireland, Spain and Portugal, these moves will not create inflation. No longer can speculators attack a single country like Greece and in doing so take down the entire eurozone. Continue reading Will the Euro Rally to $1.50? Will the Euro Rally to $1.50? originally appeared on BloggingStocks on Thu, 07 Oct 2010 12:40:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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