- This Investment Doubles if the Euro Implodes
The euro zone is facing major changes in 2012, and one very real threat is the possibility that one or more nations will exit the monetary union. But before you say “good riddance,” the ripple effects will reach far and wide … and your money could be in danger — even if you think you [...]
- Banks deposit record amount at ECB
Comex February gold futures fell $10.50 (0.4%) in trading in New York yesterday, settling at $1,595.50 per troy ounce. Silver for March delivery lost 34 cents (1.2%) to settle at $28.74 per troy …
- Bullion and Energy Market Commentary
CRUDE OIL closed higher on Tuesday as it extended the rally off last week’s low. The highrange close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible nearterm. If it extends last week’s rally, the reaction high crossing is the next upside target. If it renews the decline off November’s high, the 50% retracement level of the OctoberNovember rally crossing is the next downside target
- Daily Commodities Update: Brent Crude Oil
Brent Crude Oil futures are continuing to benefit from the rising tensions between Iran and the west, with Tuesday’s rally helping the technical outlook of the market conform to the otherwise news-driven backdrop. Brent surged above key resistance offered up by the top of a Channel Down chart pattern. This pattern is illustrated below on the Autochartist 240-minute completed patterns platform.
- One Less Sure Thing
Amid a quiet week, some disquieting news: A “sure thing” investment that isn’t, and another sign the “robust” retail season is just as illusory. Plus: Santa Claus rally as the Dow hits a post-summer high… Jonas Elmerraji on why this looks more like “Krampus rally,” plus short-term trading guidance going into the New Year.
- Iranians flee to gold
Following the US and European Union’s decision to tighten sanctions against Iran, the Iranian rial has started depreciating dramatically. Many Iranians fear that the rial will continue to lose …
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