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Jun 22, 2010

CNBC : Evening Brief: New Deflation Bet May Signal Trouble Ahead for Bond Prices. June 22nd., 2010


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Warren's Opening Statements
TARP Oversight panel chairman Elizabeth Warren gives her opening statement prior to the testimony of Treasury Secretary Timothy Geithner.
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MarketClub: Why markets reverse...blame it on Fibonacci ? June 22nd.,2010

There are times when markets reverse for no apparent reason and seem to
defy any news that would support the direction of the trend. We call the
this occasional event the "Fibonacci factor"and this occurs when markets
reach certain retracement levels and often reverse direction from their
previous trend.

In this new short video I outline this phenomenon on the S&P500 and will
also be covering it when our new educational trading video debuts this
Friday, which will be of course, "Fibonacci Friday".

Enjoy today's video and let us know what you think. As always there is
no charge and no need to register.

All the best,
Adam Hewison
Co-founder of MarketClub


The U.S  Markets at  Close


Market Snapshot
Index Last Change %Change
DJIA 10,293.52 -148.89 1.43% Hilighted
Nasdaq 2,261.80 -27.29 1.19%
S&P 500 1,095.31 -17.89 1.61%
FOX 50 802.66 -8.96 1.10%
DIJA Chart
 Bears Storm Back onto Wall Street; Dow Loses 149
 UK to Cut Spending, Raise Tax in Austere Budget


6/22/2010 4:30:00 PM ET DJ30 PointChange: -148.89 Level: 10293.52 NASDAQ PointChange: -27.29 Level: 2261.80 NQ100 PercentChange: -0.8 R2K PercentChange: -2.1 SP400 PercentChange: -2.2 SP500 PointChange: -17.89 Level: 1095.31 NASDAQ-Adv:579 Dec: 2076 NYSE-Adv:617 Dec: 2446

[BRIEFING.COM] Choppy, lackluster trade gave way to a broad-based selloff that left stocks to settle at session lows on Tuesday. The slide also sent the stock market back below its 200-day moving average.
Stocks had attempted to put together a relatively solid start. Early participants seemed to shrug off news that analysts at Standard & Poor's raised their estimates on loan losses for Spain's banking sector, though that news, along with a credit rating downgrade of BNP Paribas, weighed on foreign banks in overseas trade. Positive attention was paid to an upturn in the euro and British pound, which was helped by revised plans to accelerate debt reduction in the United Kingdom. The pound was quoted with a 0.3% gain against the greenback at the close, but the euro never made its way out of the red and finished 0.3% lower against the dollar.

Read more:

The Gat Dispatch : Jim Richards : How the Word Likely will get Back to gold. June 22nd., 2010

Jim Rickards: How the world likely will get back to gold

12:12a ET Tuesday, June 22, 2010
Dear Friend of GATA and Gold:
In an essay posted at King World News, James G. Rickards of Virginia consulting firm Omnis Inc., as good a strategic thinker as inhabits the Western markets, outlines the world's likely return, in rather spastic fashion, to gold-backed currency. Rickards' essay is headlined "What G20 Will Not Discuss This Weekend (But Probably Should) and you can find it at the King World News Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Support GATA by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
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BBC : Business last Update at 23:36 GMT, Tuesday, 22 June 2010 00:36 UK. June 22nd., 2010

Page last updated at 23:36 GMT, Tuesday, 22 June 2010 00:36 UK

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