Stan
- 23 Oct 2013 07:48
- 9 of 18
Morning All.
Interesting about that Dollar fall comment Skinny, noticed a couple of my gold stocks on my watch list did zip up a little yesterday.
skinny
- 23 Oct 2013 07:53
- 10 of 18
Stan - gold was on a run yesterday afternoon
and - from the above article :-
"For investors, the dollar's slide is creating opportunities in beaten down areas like precious metals and industrial metals. Both the SPDR Gold Trust GLD -0.03% and the iShares Silver SLV +0.23% have moved over their 20-day moving averages for the first time since August. Copper, represented by the iPath Copper JJC +1.08% , looks ready to punch out of a three-month pennant formation.
Individual stocks in this area, including IAMGOLD IAG -0.40% , also look ready for powerful moves higher. If IAG can merely return to its August high, it would be worth a 40% move from here. I've added IAG to my Edge Letter Sample Portfolio, where you can track the recommendations made in my blogs and columns."
skinny
- 23 Oct 2013 08:54
- 13 of 18
ECB, on new mission, sets out bank health tests plan
FRANKFURT | Wed Oct 23, 2013 8:23am BST
(Reuters) - The European Central Bank vowed on Wednesday to submit the euro zone's top banks to a comprehensive batch of tests next year, staking its credibility on a review that aims to build confidence in the sector.
The ECB wants to unearth potential risks hidden in banks' balance sheets before supervision is centralised under its roof from November 2014 as part of a European banking union.
skinny
- 23 Oct 2013 09:31
- 14 of 18
GBP MPC Asset Purchase Facility Votes 0-0-9 0-0-9 0-0-9
GBP MPC Official Bank Rate Votes 0-0-9 0-0-9 0-0-9
GBP BBA Mortgage Approvals 43.0K 39.4K 38.2K
skinny
- 23 Oct 2013 13:31
- 16 of 18
USD Import Prices m/m 0.2% 0.3% 0.0%
skinny
- 23 Oct 2013 14:04
- 17 of 18
Spain out of recession, central bank says
Spain's economy has emerged from recession after growing for the first time in more than two years, according to estimates from the Bank of Spain.
Spain's gross domestic product (GDP) grew by 0.1% between July and September, the bank said.
However, GDP was still 1.2% lower in the quarter compared with the same period last year.