International Business News - Global Markets http://www.ibtimes.com/rss/feed/globalmarkets.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/globalmarkets.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif An avowed Keynesian, Equities and Economics Report writer Victor Gonçalves braces against the economic gale-force headwinds that threaten to whip gold's stellar run into seasonal weakness. But, before the new year, the yellow metal will generally see more strength than weakness, according to Victor, after which "things really get sour." In this exclusive interview with The Gold Report, Victor says he's rooting for the juniors in the homestretch, affirming: "This is the best part about juniors—w... http://www.ibtimes.com/articles/20091106/gold-silver.htm http://www.ibtimes.com/articles/20091106/gold-silver.htm Fri, 06 Nov 2009 16:03:06 EST Speculation early this morning was that U.S. employers likely have cut only 150,000 jobs in the month of October, a figure which would be the lowest in more than a year. The worst labor-market slump since the 1930s is now seen as possibly bottoming out, and the possibility of future consumer spending is now seen as adding to US and global economic growth. The actual numbers, however showed a bit of a different reality, as the U.S. economy shed 190,000 jobs last month, lifting the unemployment ra... http://www.ibtimes.com/articles/20091106/class-is-now-session.htm http://www.ibtimes.com/articles/20091106/class-is-now-session.htm Fri, 06 Nov 2009 13:03:24 EST Crude's psychological $80/bbl level has finally given way as our 2nd tier downtrend line reaches an inflection point with what are now our 2nd and 3rd tier uptrend lines. Crude futures have even declined beneath our new 1st tier uptrend line, which runs through previous November lows. Therefore, November lows could be in jeopardy, meaning a retracement towards the psychological $75/bbl level may be in order. However, the EUR/USD, GBP/USD, and gold are holding up relatively well considering today... http://www.ibtimes.com/articles/20091106/crude-drop-below-80-bbl-wake-weaks-data.htm http://www.ibtimes.com/articles/20091106/crude-drop-below-80-bbl-wake-weaks-data.htm Fri, 06 Nov 2009 12:59:33 EST Yesterday Beans were 27 cents lower, Corn 7 lower and Wheat 8 lower. Over night Beans were fractionally higher, Corn 1 lower and Wheat slightly higher. Jan. Beans are now in support below the 977'0 level and I am going to try the long side of the market with a 25 cent risk from entry level. Support for Dec. Corn remains just below the 371'0 level. http://www.ibtimes.com/articles/20091106/recommendations.htm http://www.ibtimes.com/articles/20091106/recommendations.htm Fri, 06 Nov 2009 10:41:59 EST Higher closes Thursday for the Japanese yen and dollar index while lower for the Euro fx, Swiss franc, British pound, Canadian and Aussie dollar but no changes technically. The euro and franc settled down but are still in long-term up-trends forming huge potential tops. The yen closed a few ticks higher continuing to be a sell unless settling over 11200 basis the December contract. http://www.ibtimes.com/articles/20091106/trading-grains-pay-close-attention-us-dollar.htm http://www.ibtimes.com/articles/20091106/trading-grains-pay-close-attention-us-dollar.htm Fri, 06 Nov 2009 10:38:17 EST Our Prayers go out to the victims and family of the Ft. Hood disaster. The December Corn is trading at 3/4 of a cent lower at 375 3/4 with a range of 378 3/4 to 374. Better dry weather should get harvesting to a faster pace. Traders will be monitoring the progress of the harvest and yields at this point. http://www.ibtimes.com/articles/20091106/corn-ethanol-report.htm http://www.ibtimes.com/articles/20091106/corn-ethanol-report.htm Fri, 06 Nov 2009 10:32:41 EST As central bankers and energy traders around the world await today's jobs report, employers are wondering just how much blood you can squeeze out of a turnip. The turnips are getting major league squeezed as third quarter productivity surged to an annual rate of 9.5%. That follows the second quarters' 6.9% rise which was the biggest back to back increase since 1961! And you can't credit Windows Seven for this as it was not yet released. Anyone else go bats watching that stupid circular thingy go... http://www.ibtimes.com/articles/20091106/energy-report-friday-november2009.htm http://www.ibtimes.com/articles/20091106/energy-report-friday-november2009.htm Fri, 06 Nov 2009 10:15:35 EST Oil inclined slightly today after the release of upbeat U.S. data yesterday and ahead of important labor report today. http://www.ibtimes.com/articles/20091106/fundamental-oil-report-2009-11-06.htm http://www.ibtimes.com/articles/20091106/fundamental-oil-report-2009-11-06.htm Fri, 06 Nov 2009 09:08:13 EST Gold held steady around $1,090 an ounce on Friday after its rally to a record high this week on anticipation of renewed central bank demand came to a halt, with investors looking to economic data for direction. http://www.ibtimes.com/articles/20091106/gold-hovers-around090s-jobs-data-eyed.htm http://www.ibtimes.com/articles/20091106/gold-hovers-around090s-jobs-data-eyed.htm Fri, 06 Nov 2009 09:06:22 EST Crude oil retreated for the first time in 4 days amid profit-taking. The benchmark contract slid -1% to close at 79.62. Others in the energy complex also slid with RBOB gasoline losing -1.2% and heating dropping -1.5%. http://www.ibtimes.com/articles/20091106/profit-taking-seen-after-strong-rallies-oil-and-gold.htm http://www.ibtimes.com/articles/20091106/profit-taking-seen-after-strong-rallies-oil-and-gold.htm Fri, 06 Nov 2009 08:45:44 EST Crude oil hovers narrowly around 80 Friday. Currently trading as 79.6, the benchmark contract is expected to gain about +4% this week. Although crude oil resumed rally this week, the momentum has obviously slowed down from October. This probably reflected decline in risk appetite. http://www.ibtimes.com/articles/20091106/market-stays-quiet-ahead-us-job-data.htm http://www.ibtimes.com/articles/20091106/market-stays-quiet-ahead-us-job-data.htm Fri, 06 Nov 2009 08:43:12 EST Technical analysis for crude oil with major support and resistance levels and recommendations for 06-11-2009 http://www.ibtimes.com/articles/20091106/technical-oil-2009-11-06.htm http://www.ibtimes.com/articles/20091106/technical-oil-2009-11-06.htm Fri, 06 Nov 2009 08:14:19 EST Technical analysis for precious metals with major support and resistance levels and recommendations for 06-11-2009 http://www.ibtimes.com/articles/20091106/gold-technical-precious-metals-2009-11-06.htm http://www.ibtimes.com/articles/20091106/gold-technical-precious-metals-2009-11-06.htm Fri, 06 Nov 2009 06:36:03 EST Technical analysis for precious metals with major support and resistance levels and recommendations for 06-11-2009 http://www.ibtimes.com/articles/20091106/silver-technical-precious-metals-2009-11-06.htm http://www.ibtimes.com/articles/20091106/silver-technical-precious-metals-2009-11-06.htm Fri, 06 Nov 2009 06:36:03 EST Oil fell to below $80 a barrel on Thursday, as doubts about a recovery in Oil demand outweighed positive economic signals. http://www.ibtimes.com/articles/20091106/crude-oil-stabilizes-near-80-barrel.htm http://www.ibtimes.com/articles/20091106/crude-oil-stabilizes-near-80-barrel.htm Fri, 06 Nov 2009 05:27:51 EST A shining example of using the sun's energy to heat, cool and light the homes and businesses of a California desert community is poised to power up next year. It's based on a technology that uses refraction rather than reflection to produce solar power on a utility-size scale at half the price of photovoltaic technology. For this exclusive interview, The Energy Report caught up with Ryan Davies, CEO of REDCO, a renewable energy development company building the very first commercial plant to use ... http://www.ibtimes.com/articles/20091105/solar-wind.htm http://www.ibtimes.com/articles/20091105/solar-wind.htm Thu, 05 Nov 2009 18:07:35 EST After a tumultuous beginning to this week the gold market and its Traders appeared ready for this Thursday down time. The Comex covered a very mild (by recent standards) $4.00 range. Many traders are waiting on the unemployment number and seeking the next wave to ride. There is still 203 metric tons of Gold for sale by the IMF. (look for China to buy it out of necessity). http://www.ibtimes.com/articles/20091105/todays-gold-trade-settled30-higher-1089-30.htm http://www.ibtimes.com/articles/20091105/todays-gold-trade-settled30-higher-1089-30.htm Thu, 05 Nov 2009 15:24:46 EST Oil fell nearly 1 percent to below $80 a barrel on Thursday, as doubts about a recovery in oil demand outweighed positive economic signals. http://www.ibtimes.com/articles/20091105/oil-falls-below-80-demand-outlook-uncertain.htm http://www.ibtimes.com/articles/20091105/oil-falls-below-80-demand-outlook-uncertain.htm Thu, 05 Nov 2009 15:24:02 EST Natural gas spot prices fell over the week at most market locations, declining on average 16 cents per million Btu (MMBtu). Decreases ranged between 2 cents and 77 cents per MMBtu. In the few trading locations where prices rose, increases were modest, ranging between 1 and 4 cents per MMBtu. The Henry Hub natural gas spot price fell 10 cents on the week, closing at $4.49 per MMBtu. http://www.ibtimes.com/articles/20091105/energy-report-from-eia.htm http://www.ibtimes.com/articles/20091105/energy-report-from-eia.htm Thu, 05 Nov 2009 15:07:41 EST This week has certainly been one of historic proportions. It began with the Central Bank of India purchasing 200 metric tons of Gold from the IMF at a discounted price of $6.7 Billion (USD).This started the “Bull Run” to all-time highs $1096.50 (Globex) & $1095.00 (Comex) while also setting record NET LONG POSITIONS (300,000) + on the Comex. The Gold Bullion purchase by India shows a total lack of confidence in the U.S. Dollar and concerns of pending inflation. http://www.ibtimes.com/articles/20091105/gold-blog-mike-daly.htm http://www.ibtimes.com/articles/20091105/gold-blog-mike-daly.htm Thu, 05 Nov 2009 13:59:34 EST