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Aug 12, 2012

ICE FUTURES U.S. Weekly Analysis of US Equity and Currency Markets.




Nick McDonald of Trade With Precision presents a concise technical analysis of these markets for the week ahead, using the Russell 2000® index and the ICE US Dollar Index® as pivotal focuses.

Merkel Returns to Crisis as Leaders Squabble Over Bond Purchase: Bloomberg - Germany News

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Germany News

Financial and Forex Info News | The Australian Capita Circle: Houston report to fire refugee debate



AFTER a six-week break, the nation's bitter debate over asylum-seekers will resume today with the release of an expert panel's report.

Angus Houston's expert panel will release its report into border protection at 12.30pm in the main committee room at parliament house. Senior Labor figures are contemplating reopening the Howard-era processing centre on Nauru with the understanding that if it didn't stop the boats the Malaysian Solution would be triggered (Oz).

Key independent Tony Windsor, who took part in the parliamentary advisory group to the expert panel, told ABC radio this morning all parliamentarians should "show respect" to the work Angus Houston 's panel has put into the report. He said he expected the report to include a recommendation for offshore processing. Mr Windsor and other parliamentary cross-benchers will receive a briefing on the panel's report at 10.30am. The government, Greens and Coalition will also be briefed on the panel's findings this morning before the official release of the report.

Despite the apparent move to meet the Coalition's demands on border protection, the opposition says it will not allow the Malaysian Solution in any circumstances (SMH). The impending release of the expert panel's report comes amid a rush of asylum-seeker boats. Six boats were intercepted between Friday and late yesterday carrying 265 people ( Age).

Cabinet is seeking across-the-board savings to fund education reforms costing $3 billion a year in a ploy to draw Tony Abbott into a battle on traditional Labor issues (Fin Review). This comes as it has been revealed that taxpayers are spending around $150 million a year on an army of spin doctors to sell the Gillard government's policies to voters ( Read more...


NYT Global Update | Top News: In Upheaval for Egypt, Morsi Forces Out Military Chiefs

The New York Times International Herald Tribune
August 12, 2012
Compiled 20:30 GMT

Global Update



TOP NEWS

In Upheaval for Egypt, Morsi Forces Out Military Chiefs

By KAREEM FAHIM
President Mohamed Morsi ousted his powerful defense minister, the army chief of staff and several senior generals, seeming for the moment to reclaim power seized by Egypt's military.

At Least 300 Dead in Iran Earthquakes

By THOMAS ERDBRINK
Iranian relief workers saved more than 200 people from the rubble of dozens of villages that were destroyed after two powerful earthquakes struck Saturday in a wide area north of the city of Tabriz.

As Fighting Rages, Arab League Cancels Meeting on Syria

By DAMIEN CAVE
The Arab League postponed a meeting on Syria that had been scheduled for Sunday, as Syrian authorities reported continued fighting in Aleppo and two bomb attacks in Damascus.
Sports
Opinion

Op-Ed Columnist

The Soul of the Olympics

By FRANK BRUNI
The London Games showcased the very best of us.
WORLD

After Sinai Attack, U.S. and Egypt Step Up Talks on Security

By STEVEN LEE MYERS and THOM SHANKER
Concerned about a security vacuum in the Sinai region, officials in the United States and Egypt are discussing American aid that would include equipment, training and surveillance.

U.S. and Turkey to Tighten Coordination on Syria

By DAMIEN CAVE
The countries said a unified task force with intelligence, military and political leaders would be formed immediately to track Syria's present and plan for its future.

China Asserts Sea Claim With Politics and Ships

By JANE PERLEZ
China is increasingly making its presence felt in the South China Sea, with larger navy patrols and a newly strengthened army garrison on a tiny island.
BUSINESS

In Olympic Park, a Deluge From Our Sponsors

By DAVID SEGAL
Commercial messages are generally shunned at the main site of the London Games. But pavilions erected by corporate sponsors are loud exceptions.
Corner Office | Bill Flemming

Before the Meeting Adjourns, Tell Me What You'll Do Next

By ADAM BRYANT
Bill Flemming, president of Skanska USA Building, likes to conclude a meeting by asking participants how they will act upon the decisions it produced.
Unboxed

How Big Data Became So Big

By STEVE LOHR
Judging from its many turns in the spotlight this year, the term "Big Data" has entered the mainstream.
TECHNOLOGY
Cultural Studies

Parting Is Such Sweet Revenge

By AIMEE LEE BALL
Whether the leave-taking is voluntary or pink-slipped, anyone with a Facebook page, Twitter account or Tumblr feed can issue a very public kiss-off to a former boss or company.
Workstation

The Power of Music, Tapped in a Cubicle

By AMISHA PADNANI
Listening to music at work can often help people become more productive and creative. But it's best to set some boundaries.

Leaders Copy T-Mobile USA Strategy

By CORNELIUS RAHN and KATHLEEN CHAYKOWSKI | BLOOMBERG NEWS
Verizon Wireless and AT&T are cutting the subsidies they pay customers when they buy cellphones, but that did not prevent the Deutsch Telekom unit from losing more customers.
SPORTS

Bolt's Last Run Results in World Record and Third Gold

By KAREN CROUSE
With a world record in the 4x100 relay, Jamaica again proved it is the cradle of sprinters, and Usain Bolt claimed his sixth Olympic gold medal.

Brazil Keeps Celebrating as Gold Eludes U.S. Again

By JULIET MACUR
For the second Olympics in a row, Brazil beat the United States and celebrated a victory that has eluded the American women since volleyball became an Olympic sport in 1964.

For a Fortnight, a Stiff Upper Lip Curls Into a Smile

By CAMPBELL ROBERTSON
The British public has reveled in the success of the home country's athletes and the smooth operation of the London Games.
U.S. NEWS

In Ill Doctor, a Surprise Reflection of Who Picks Assisted Suicide

By KATIE HAFNER
Dr. Richard Wesley is emblematic of the unexpected demographics of patients who have taken advantage of state laws allowing terminally ill patients to get a prescription for drugs that will hasten death.

Ryan Pick Gives Obama Chance to Change Subject

By PETER BAKER
Instead of a referendum on his own performance, President Obama has an opening to turn the election into a referendum on the vision that Paul D. Ryan has advanced and Mitt Romney has adopted.
OPINION
Opinion

German Austerity's Lutheran Core

By STEVEN OZMENT
To understand the Germans, we should read into their rich history, and in particular the mark left by Martin Luther and the "mighty fortress" he built with his Protestantism.
Op-Ed Columnist

Likability Index

By MAUREEN DOWD
One elitist, establishment, introverted candidate versus another. How refreshing.

GATA THE GATA DISPATCHES on Sunday, August 12 2012: Anniverasry of credit crunch / Return to gold standard is inevitable / The contrarian's delight in the divergence between gold and Jr. shares / Excess debt must go via inflation or default

Alasdair Macleod: Anniversary of the credit crunch

12:15p ET Sunday, August 12, 2012

Writing for GoldMoney's research bureau, the economist Alasdair Macleod notes that no Keynesian economists saw the credit crunch coming and now all of them are advocating still more credit creation to revive the world's economies. Macleod notes that gold and silver have performed well since the credit crunch began while traditional equity investments have declined. Macleod's commentary is headlined "Anniversary of the Credit Crunch" and it's posted at GoldMoney here:
http://www.goldmoney.com/gold-research/alasdair-macleod/anniversary-of-t...


Return to gold is inevitable, Gold Standard Institute founder Barton says

12:36p ET Sunday, August 12, 2012

Our friend the journalist Lars Schall today interviews the founder and president of the Gold Standard Institute, Philip Barton, about his belief that a gold standard for the whole world is inevitable -- a return to gold but not to the gold standard system of old. The interview is underwritten by Matterhorn Asset Management and is posted at its Internet site, Gold Switzerland, here:
http://goldswitzerland.com/the-gold-standard-is-inevitable/


Gene Arensberg: Divergence between gold and junior shares is contrarian's delight

 
4:40p ET Sunday, August 12, 2012

At the Got Gold Report, Gene Arensberg has posted in the clear his new analysis of junior gold and silver mining stocks, which have been nearly destroyed over the last couple of years but which, Arensberg finds, are showing signs of life. The divergence between the price of gold and the price of the juniors is now so great, Arensberg says, that contrarians should be springing into action. Arensberg writes of the chart of the Canadian Venture Exchange, home of many juniors:
"The chart just above is the kind of chart that makes a contrarian salivate with great anticipation. Consider that prior to the Lehman collapse the CDNX traded at a multiple of the price of gold -- up to five times the gold price. Today it has fallen all the way to less than .75 times the price of gold. Simply amazing volatility on display in the chart above. And contrarians know that volatility works in both directions. The market first creates, or rather, is driven into huge divergences and gargantuan imbalances -- which it abhors -- and then gets busy correcting them, given enough time and patience. For many gamers it is the pace or frequency and the amplitude (size) of the giant moves that are out of phase with their own tolerances and psychology/comfort levels -- so they end up missing them completely."
Arensberg's commentary is headlined "Vulture Bargain Update Notes for August-September 2012 -- Seller Exhaustion" and it's posted at the Got Gold Report here:
http://www.gotgoldreport.com/2012/08/vb-update-notes-for-august-septembe...