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Hot off the press, the German ZEW Indicator of Sentiment dropped to -5.9 in June from 13.6 in May, whereas the euro zone economic sentiment index fell to -9 from 3.1. These measures show investor confidence in both Germany and the euro zone at the lowest level in over two years. [...] More on this topic (What's this?) European Sovereign Debt Contagion Continues to Spread (Investment U, 6/29/11) Bad German GDP Numbers Will Kill This Sector (Investment U, 8/19/11) The Fate of the Eurozone Hangs on Sunday's French Elections (Money Morning, 5/4/12)
James Grant, editor of Grant’s Interest Rate Observer, talks about the impact of new regulations on the ability of U.S. banks to offer credit. He also discusses the exposure of U.S. money market mutual funds to the sovereign debt crisis in Europe and the outlook for resolution of the crisis. [...] More on this topic (What's this?) European Sovereign Debt Contagion Continues to Spread (Investment U, 6/29/11) 3 Reasons Greece Never Should Have Joined the EU (Learn Mining News, 7/2/11) As Strauss-Kahn Resigns, Europe’s Sovereign Debt Mess Enters New Sinister Phase (Investment U, 5/19/11)
Adam Hewison, charting strategist of INO.com, brings you another edition of his invaluable service of daily technical updates on the ups and downs of various markets. This short analysis is a great tool for keeping one’s finger on the pulse and timing the markets. Click through to hear his latest views on gold, silver, the US Dollar Index, the CRB Index, crude oil, and the S&P 500 Index. [...] More on this topic (What's this?) Top 20 Dollar Gold Coins (Learn Mining News, 5/31/11) Housing Bottom 2011 (Wealth Daily, 7/7/11) Napoleon Gold Coins (Learn Mining News, 6/8/11)
Most importantly, markets will be looking for hints of QE3, if any in the policy statement. The Fed is likely to buy time before committing itself to anything at this juncture. It will not be surprising if the Fed indicates that it is on a watch-and-wait mode but stands ready to provide support if necessary to prevent a drop in economic activity in the near term. [...] More on this topic (What's this?) Bernanke: QE3 Is Probably Going to Happen (Learn Mining News, 7/15/11) Expect Bernanke, Fed to Again Downplay Threat of Inflation (Money Morning, 6/22/11) What the Federal Reserve is About to Do (Learn Mining News, 6/16/11)
Dennis Gartman, author of “The Gartman Letter” discusses how precious metals are faring against other currencies. [...]
Greece has really distinguished itself this week as the country that is most at risk of default. As shown in this post, it has separated from the pack when looking at five-year credit default swap prices (CDS). [...] More on this topic (What's this?) The Greek Financial “Bomb” Just Got Reset (Learn Mining News, 6/20/11) How Greek Default Could Double-Dip U.S. Economic Recession (Learn Mining News, 7/4/11) How Greek Default Could Double-Dip U.S. Economic Recession (Investment U, 6/30/11) | ||||||||||||||||||||||||||||||||||||||||||||||
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