Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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The Congregational Budget Office (CBO) is out with its annual report. It’s a blockbuster. This 165 page monster is filled with dozens of charts, graphs and detailed projections. It will be talked about for weeks. The report provides a dismal outloo...
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U.S. GDP growth for Q4 was reported at 2.8%; consensus was at 3.0%. Q3 2011 reading was at 1.8%.
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The blowoff ended yesterday morning and SPX cash has drifted down irregularly, hitting the last 2 day cycle projection of 1315 late yesterday. The 2 day cycle oscillator formed a trough at the end of the day, and has barely edged to the buy side in the opening minutes today. 5 day cycle indicators...
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In their "Advance" estimate of the fourth quarter 2011 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of economic growth had risen to 2.75%, up slightly less than one percent from their "final" estimate of 1.81% for the t...
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Next Wednesday, between 12:30 and 2PM, we will get a ton of new information to digest and analyze. The Federal Reserve will make a series of statements while unveiling its new communication effort. A portion of the new information will be contain...
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Tuesday, January 10, 2012
Fiscal Policy: Kind of a Drag
by CalculatedRisk on 1/10/2012 04:54:00 PM
Cardiff Garcia at the Financial Times Alphaville has posted a new graph from economist Alec Phillips of Goldman Sachs: Fiscal flailing, continued
CR ...
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The battle for second place is heating up ahead of the New Hampshire primary tomorrow (Tuesday), testing whether Rick Santorum and his "Santorumnomics" ideas supporting tax cuts and credits can win over voters.
The former Pennsylvania senator snagged second place in the Iowa caucuses with...
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It’s been about a week since the Federal Reserve announced its new policy of providing information to the public regarding the direction of US interest rates. The new policy is not, generally, a surprise. The Wall Street Journal’s Jon Hilsenrath to...
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12/21/2011 @ 6:01PM |1,912 views
French Banks Won't Be Able To Handle Inevitable Italian Restructuring
Despite the latest attempt by the European Central Bank to kick the proverbial can far down the road, the Eurozone remains under heavy pressure, a...
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In their third estimate of the third quarter 2011 GDP, the Bureau of Economic Analysis (BEA) revised the headline growth number downward once again to an annualized growth rate of 1.81%. This revision represents a drop in the reported growth rate o...
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All eyes are on North Korea and its repressed economic system this week after the country announced early Monday that Kim Jong Il, the ruling dictator for 17 years, died Saturday. The political instability to follow Kim Jong Il's death could ripple through the global economy, weighing on confidence and...
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As European leaders celebrated a tentative agreement to accept tougher budgetary rules among its members, critics expressed doubts the plan would cure the two-year-old Eurozone debt crisis.
Last week's highly anticipated two-day summit resulted in 26 of the 27 European Union (EU) nations - the United Kingdom objected - agreeing...
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For a few decades now, the Communist Party in China has had an implicit social and political contract with the Chinese populous for decades, which goes something like:
“We will deliver economic growth and improvements in your material living sta...
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Investors' Most Crucial Decision - U.S. Recession Or Not?
by: Jeremy Robson December 7, 2011
I posted an article here on the likely course of the S&P 500 over the next 12 months. This post is intended to fill in the gaps from that article.
Europe i...
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UK Telegraph
Excerpt:
The cabinet agreed to transfer the assets from four of Portugal’s biggest banks to the state balance sheet.
The assets will be used to bridge a gap needed to meet the fiscal deficit target of 5.9pc of GDP set by the terms of...
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The European debt Bubble has burst, and the repricing of risk and debt cannot be put back in the bottle.It's really this simple, Europe: either rebel against the banks or accept decades of debt-serfdom. All the millions of words published about the Eur...
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While watching some Steve Keen interviews, I was struck by something. I have known for a long time that mainstream economists pay no attention what so ever to private sector debt levels. I never really dug into why. But Keen specifically touched on ...
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It's been a rough few weeks for the Eurozone.
Portugal is still in trouble, Spain will be back on the coals after its elections, and if I were a bond trader, I would be shorting Belgium, which has serious defic...
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November U.S. Manufacturing PMI Up, Europe And China PMI Down
by: John Helzer December 1, 2011
Today we had two important concurrent economic indicators released. China's Manufacturing PMI - two versions (HSBC-47.7 and Official-49.0) and US Manufa...
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Goldman Sachs is out with its first predictions for how 2012 and 2013 will shape up, and the news isn't all that thrilling.
Led by Francesco Garzarelli in London and Dominic Wilson in New York, the team set out to forecast what markets, currencies, ...
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The damaging global economic effects that Europe's unfolding debt crisis pose have caused a sharp reversal in China's monetary policy - one that will lead to a greater expansion of the Red Dragon's economy.
The People's Bank of China announced yesterday (Wednesday) that it would lower...
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In their second estimate of the third quarter 2011 GDP, the Bureau of Economic Analysis (BEA) revised the headline growth number downward by over a half percent to an annualized growth rate of 2.01%. The real story within the data, however, was tha...
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I don't know a hell of a lot about John Corzine. And what really is or was 'MF Global?'
But what I do know is that it is difficult for me to see anything like a 'crisis' in any of the current metrics surrounding the US Dollar, the euro, and the intere...
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With U.S. economic growth on the wane and the European Union (EU) on the brink of collapse, there's never been a better time to increase your exposure to emerging markets.
And two fast-growing developing economies just became a lot more enticing.
I'm talking about Colombia...
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Despite the recent downturn in China's stock market, investors need to remain focused on the profit-generating long-term growth potential of the Asian powerhouse.
The Shanghai Composite Index is down about 10% on the year, compared to a drop of less than 1% year-to-date for the...
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