"No man can become rich without himself enriching others"
Andrew Carnegie



Wednesday, May 18, 2011

Stock Tips & News

Top News



By Marcus Bensasson and Sonia Sirletti - Wed May 18 14:46:52 GMT 2011 ECB Executive Board member Juergen Stark said, “A Greek debt restructuring is not the appropriate way forward - it would create a catastrophe.
Crude Oil Futures Extend Gains After Unexpected Decline in US Stockpiles
By Mark Shenk - Wed May 18 15:16:29 GMT 2011 Crude oil climbed as an Energy Department report showed an unexpected drop in US inventories as refineries bolstered operating rates and imports declined.Fed easing policy driving rates lower-ironically- CNBC
The Daily Crux
Market historian Napier: S&P could still plunge to 400
Sees a major decline no matter what the Fed does next...

Gold and copper say get out of stocks now
"Expect the S&P to break down between now and the first of June."

Top manager Embry: "Absolutely essential" to own gold and silver now
"Paper assets are under attack..."

Disgusting examples of government waste you won't believe
"What sorts of operations are so important that they are willing to steal from their own people?" 


Morning Market Briefing
U.K. Records Largest Rise In Jobless Claims Since Jan 2010

The number of Britons claiming jobless allowance increased in April at the sharpest pace since January last year, even as the UK's private sector struggled to compensate for job losses in the public sector due to government spending cuts. (May 18, 2011) Full Article
Stocks May Show A Lack Of Direction In Early Trading – U.S. Commentary
Stocks may show a lack of direction in early trading on Wednesday, as investors express uncertainty about the near-term outlook for the markets. The major index futures are currently mixed, with the Dow futures up by 8 points and the Nasdaq futures down by 1.8 points.Full Article (May 18, 2011) 
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Interest rates, the end of QE2 and gold in euro terms - Julian Philips

A look at what has been going on in the gold market since the dip and why it is worth looking at the price of the metal in currencies other than the dollar

Consumers should investigate before they invest in bullion and coins - FTC

If you're thinking about investing in bullion or bullion coins, the FTC says to research your options and get smart because "being uninformed can have serious consequences."    Wednesday , 18 May 2011

Will gold and silver fall if U.S. and Eurozone interest rates rise

An examination of the likelihood of the U.S. Fed (or the Eurozone) raising interest rates and the possible effects on the gold and silver prices of different interest rate scenarios    Wednesday , 18 May 2011

As uranium resources double, how does Hathor fare against the giants?

Though it still has a ways to go, Hathor Resources has expanded high grade uranium resources in Saskatchewan to the point where it's difficult to escape comparison to major deposits next door.    Tuesday , 17 May

Yesterday's top story: Don't be fooled, this gold cycle is not the same as 1980

Sometimes cycles have the habit of repeating themselves, but in the case of gold, the differences between the current situation and the early 1980s are significant    Tuesday , 17 May 2011 

The Platinum market and where it is heading - Johnson Matthey

Johnson Matthey which has just launched its platinum survey says the metal is likely to trade on average at $1,870 over the next six months but, could go as high as $2,000

Gold and China, silver and volatility - Edel Tully, UBS

A look at where gold goes from here with a focus on China's continuing role and a view on silver
HFN
Soros Sells Gold, But Stays in Miners George Soros, making good on his claim that the modern-day gold rush in precious metal investing is a bubble, sold almost all of his holding in a popular gold ETF. [more]
SEC Adds New Hedge Fund to Complaint The Securities and Exchange Commission has sued another hedge fund firm that it claims has money investors lost with a convicted hedge fund manager. [more
Twitter Hedge Fund Finally Launches A London-based hedge fund firm finally launched its fund that relies on Twitter feeds to help it trade. [more]




The Washington Post

Oil rises to near $98 in Asia amid mixed US crude supply report, weaker dollar
SINGAPORE — Oil prices rose to near $98 a barrel Wednesday in Asia as the dollar weakened and a crude supply report showed mixed signs about U.S. demand.
( Associated Press Associated Press , AP)  

Rust Belt shows luster on job front
Factories have added 250,000 jobs since the beginning of 2010, but many of the jobs don’t pay anything like what they used to.
(By Michael A. Fletcher) 

Why Isn’t Google Chrome A Part Of Android? ( by TechCrunch.com , TechCrunch.com)  
Asian markets shrug off weak US economic data amid signs of quickening recovery in Japan
BANGKOK — Asian stock markets shrugged off weak U.S. economic figures Wednesday as signs emerged in Japan of a quickening recovery from the earthquake and tsunami that devastated the country’s industrial northeast.
( Associated Press Associated Press , AP) 

Australian Business update for Wednesday, 18 May 2011 

Slow wages growth eases RBA pressure
Wages UPDATED James Glynn WAGES growth slowed unexpectedly in the first quarter, substantially easing pressure on the RBA to raise interest rates in coming months.
Sharemarket rises with Asian rally
ASX THE Australian sharemarket closed modestly higher after Asian markets rallied and surprisingly weak local wage data buoyed consumer stocks.
Moody's downgrades top four banks
banks Geoffrey Rogow MOODY'S downgraded the debt ratings of Australia's four largest banks today, citing their dependence on global lending markets.



Publicis, which owns ad agencies like Leo Burnett and Saatchi & Saatchi, has moved more aggressively than many of its rivals in expanding its digital capabilities.

Denali had been competing with TransCanada for the pipeline business, but failed to secure the necessary transportation agreements.

For Buyers of Web Start-Ups, Quest to Corral Young Talent

By MIGUEL HELFT
Some companies want talent so badly, they buy start-ups for their employees and then jettison the products

In Consumer Behavior, Signs of Gas Price Pinch

By MOTOKO RICH and STEPHANIE CLIFFORD
As gasoline prices stay high, Americans are turning to public transit and choosing homes closer to work.




Target beats estimates on credit cards May 18, 2011 07:48 AM ET CHICAGO (Reuters) - Target Corp posted a bigger-than-expected rise in quarterly profit on Wednesday, as strength in its credit card business mitigated the impact of some sluggish sales at its stores. | Full Article
HP disappoints investors; Dell shines May 18, 2011 04:00 AM ET NEW YORK (Reuters) - Hewlett-Packard Co slashed its 2011 earnings forecast as it embarks on a spending spree to revamp a troubled division, while long-time foe Dell Inc delivered another blowout profit. | Full Article
Staples results miss estimates; shares fall May 18, 2011 07:36 AM ET NEW YORK (Reuters) - Staples Inc reported lower-than-expected quarterly results on higher costs and weak demand for office supplies in an uneven economy, sending its shares down more than 8 percent. | Full Article

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