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The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.
We present in-depth analysis from over 150 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction.
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Friday, July 04, 2008
Global Inflationary Pressures: No End in Sight / Economics / Inflation
By: Salman_Khan
Inflationary pressures, coming at a time when there are palpable signs of economic slowdown, has been spooking the global Governments, policymakers, financial authorities and marketmen alike. Worldwide, prices of commodities like Crude Oil, Wheat and Rice have skyrocketed in last one year or so. Policymakers have been especially finding themselves helpless in present situation due to the "global" nature of the current inflation. Central Bankers are also in a fix as given the slowdown in economic activity, they won't be able to fight the inflation the way Volcker did by aggressively raising the interest rates back in 1970's. Stagflation is extremely difficult for conventional policy instruments to deal with, since the attempt to deal with any one of the problems tends to exacerbate the other.Read full article... Read full article...
Friday, July 04, 2008
Gold Hold Recent Advance in Thin European Trade / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES drifted in thin trade on Friday, bouncing off yesterday's low at $930 per ounce as crude oil ticked down and the US Dollar held flat after Thursday's 1.2% jump. New York was closed for the long Independence Day weekend." Gold is still holding onto its recent extreme gains very well," noted the Mitsui team here in London this morning.
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Friday, July 04, 2008
US Jobs Report Less than Expected; Based on BLS Statistical Assumptions / Economics / US Economy
By: Mark_OByrne
Gold was down $12.90 to $931.90 in New York yesterday and silver closed at $18.28, down 5 cents. Gold remained at these levels in Asia but has fallen near to yesterday's lows in early trading in Europe. Oil has fallen marginally < $144.40 down 0.6% - Light Sweet Crude Oil Future - Combined - AUG08> and the dollar is flat after yesterday's strong gains.Read full article... Read full article...
Friday, July 04, 2008
Crude Oil Seeking Black Swan for Spike above $150 in Overbought State / Commodities / Crude Oil
By: Nadeem_Walayat
The recent week has seen crude oil soar through $140 onwards and upwards to a new record high of $146. Much of this gain has been attributed to the growing tension in the middle east with regards a possible Israeli strike on Iranian nuclear infrastructure and the drop in US oil stockpiles.The rise has been accompanied by investors dumping stocks as highly inflationary oil prices continue to contribute towards the destruction of economic activity that pushed the major US indices into technical bear markets (20% down from Oct 07 highs).. Read full article... Read full article...
Thursday, July 03, 2008
US Economy and Financial Markets Mid-Year Review / Stock-Markets / Financial Markets
By: Andy_Sutton
I would say that things are downright scary, but I am afraid that would be a colossal understatement at this point. 2008 has been pretty much what we expected and then some. A couple of themes have emerged during the first half of this year that require our attention and careful consideration as we gear up for the second half of the year.Read full article... Read full article...
Thursday, July 03, 2008
Secrets to Succeeding at Stocks Bear Market Investing / Stock-Markets / Learning to Invest
By: Keith_Fitz-Gerald
The Dow Jones Industrial Average is already in the bear's grasp. And the U.S. economy may well be headed for a recession. But here's the ultimate irony: Bear-market investing offers a direct pathway to the biggest profit opportunities most investors will ever see.
History shows time and again that the worst returns come to those who buy at - or even near - market peaks, like those of 1928, 1969, 1999 and 2007, when Price/Earnings (P/E) ratios are typically higher than “normal.”
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Thursday, July 03, 2008
Algae a Greener Biofuel Than Ethanol? / Companies / Renewable Energy
By: Jennifer_Barry
In my May article, Food Shock , I mentioned that biofuel production was consuming many of the crops normally used for food. Riots have broken out over the sharp price rises of 37% last year, and 16% so far in 2008. Coffee, soybeans and wheat are increasingly diverted to biodiesel production, driving prices higher. Almost a quarter of America's corn crop was distilled into ethanol last year, and the percentage is expected to grow another 10% in 2008.
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Thursday, July 03, 2008
South African Gold Shares- A Good Place to Invest? / Commodities / Gold & Silver Stocks
By: Julian_DW_Phillips
We have been asked whether South African gold shares remain a good investment? Our stock answer will be from now on, yes, in the longer term . How could we say that when it is becoming apparent to all that the political and economic climate of South Africa is decaying and looks likely to continue to decay as far as one can see ahead?Read full article... Read full article...
Thursday, July 03, 2008
Impact of Grains Bull Market on Meat Prices / Commodities / Livestock
By: Zeal_LLC
As Americans enter the July 4th weekend they have a lot to look forward to. First and foremost is the celebration of this nation's independence marked by a federal holiday. Then of course are the customary traditions of parades, fireworks, baseball games, and carnivals among the many. But one timeless tradition that nicely ties into the topic of this essay is the almighty barbeque.
Barbequing is near and dear to the hearts of hundreds of millions of Americans. And millions of grillmeisters don their aprons and arm themselves with extra-long stainless-steel-forged tongs and spatulas as they prepare to strut into their backyards for their moments of glory. These champions of grilling take pride in the delectable cuisines they skillfully prepare for friends and family.
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Thursday, July 03, 2008
Stock Market Forecast- How Low Can the Dow Go? - Yorba TV Show / Stock-Markets / Financial Markets
By: Anthony_Cherniawski
The theme of today's show is, “How low can the Dow go?” I have attached a chart of the DJIA that is looking more probable than when I first made this chart several months ago. When this pattern first became evident, I set it aside as a novelty rather than take it seriously. Today, I am looking at a much higher probability of this chart being fulfilled . Read full article... Read full article...
Thursday, July 03, 2008
Global Stock Markets Technicals Dangerous / Stock-Markets / Global Stock Markets
By: Prieur_du_Plessis
White knuckles and shaky knees abound as the bear's growl grows louder.
While on the road in Switzerland (where even the gnomes are gloomy), I have put together a table of global stock markets' performance – over various measurement periods and in both local currency and US dollar terms. The numbers speak for themselves and can best be summarized in a single sentence: “Nowhere to hide.” The Wall Street “leash effect” remained paramount, and decoupling nothing more than a theoretical myth.
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Thursday, July 03, 2008
US Jobs Decline for 6th Consecutive Month Data / Economics / US Economy
By: Mike_Shedlock
Before taking a look at the monthly jobs data, let's take a look at weekly claims. The US Department of Labor is reporting Initial Unemployment Insurance Claims continue to rise.
Seasonally Adjusted
In the week ending June 28, the advance figure for seasonally adjusted initial claims was 404,000, an increase of 16,000 from the previous week's revised figure of 388,000. The 4-week moving average was 390,500, an increase of 11,250 from the previous week's revised average of 379,250.
Thursday, July 03, 2008
ECB Increases Interest Rates as Trichet Warns of 'Exploding' Inflation / Interest-Rates / Euro-Zone
By: Mark_OByrne
Gold rose to $94 4 .80 in New York yesterday and was up $ 2.0 0 and silver closed at $18. 33 , up 13 cents.Gold has remained firm near 10 week highs on the surging oil price which reached a new record high today < $145.72 - Light Sweet Crude Oil Future - Combined - AUG08>. The dollar is flat today after it's decline in value in recent days. Against the euro, the dollar looks set to fall through support at 1.60 in the coming days and 1.70 euro/dollar looks like a very real possibility by the end of September. Longer term the likelihood of a sharp long recession in the U.S. could well see the euro reach 1.80 or even 2.00 against the dollar (as sterling did to the surprise of many in recent years).
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Thursday, July 03, 2008
ECB Interest Rate Hike Sends US Dollar High and Gold Lower / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES recovered an overnight dip early in London on Thursday, re-touching this week's two-month highs as crude oil broke new all-time records near $146 per barrel and the Dollar fell after the much-expected Eurozone rate-hike.
As flagged by European Central Bank members since April, the ECB in Frankfurt today raised its overnight lending rate to 4.25%, widening the Euro's advantage over US Dollars to 225 basis points.
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Thursday, July 03, 2008
Paulson Statement Warns of Imminent Failure of Large Financial Institutions / Stock-Markets / Credit Crisis 2008
By: Mike_Shedlock
The July 2nd Remarks of Treasury Secretary Henry Paulson , on the World Economy and Markets before the Chatham House were quite remarkable. Let's have a look at a few of them.Whether it was Long Term Capital Management in 1998 or Bear Stearns this year, it is clear that Americans have come to expect the Federal Reserve to step in to avert events that pose unacceptable systemic risk. But, as we noted in our Blueprint, the Fed has neither the clear statutory authority nor the mandate to attempt to anticipate and prevent risks across our entire financial system.
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