Skip to main content


Showing posts from May, 2013

Gold trading now is as heavy as it was at $1,900, von Greyerz says: GATA I THE GATA DISPATCH May 31, 2013.

Gold trading now is as heavy as it was at $1,900, von Greyerz says Submitted by cpowell on 02:53PM ET Friday, May 31, 2013. Section: Daily Dispatches 5:50p ET Friday, May 31, 2013 Gold fund manager Egon von Greyerz today tells King World News that physical gold trading is as heavy now as it was when gold's price was $1,900. "We are seeing the same activity now as when gold was at its peak," von Greyerz says. "And it proves that all of the selling is in the paper market." An excerpt from his interview is posted at the King World News blog here: CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.

The New York Times I Bits - The Business of Technology; May 31, 2013.

Daily Report U.S. Says Self-Driving Cars Could Save Lives | The Transportation Department says that driverless cars should not yet be allowed, except for testing, but noted that some safety features could save lives, Claire Cain Miller and Matthew L. Wald report in The New York Times . On Thursday, the department made its first formal policy statement on autonomous vehicles. In a nonbinding recommendation to the states, it said that driverless cars should not yet be allowed except for testing. But it said that semiautonomous features, like cars that keep themselves centered in lanes and adjust their speed based on the location of the car ahead, could save lives. The statement, from the department's highway safety agency, comes as companies, led by Google, have made significant technological strides in making cars that drive themselves, but still face daunting legal, regulatory and cultural hurdles before the cars are widely available to drivers. It

U.S. stocks end positive May with thud: MarketWatch I Wall Street at Close Report: May 31, 2013.

By Kate Gibson , MarketWatch    NEW YORK (MarketWatch) — U.S. stocks fell sharply Friday afternoon as Wall Street closed another month of gains with a whimper after mixed economic reports.  “We’ve had a week of mediocre news for the United States; not a soft patch, not concerning, but certainly not inspiring,” said Jim Russell, senior equity strategist for U.S. Bank Wealth Management in Cincinnati.  “We would like to see a quiet summer, where the market marks some time and consolidates some recent gains,” added Russell of Wall Street’s advance, which put the Dow Jones Industrial Average DJIA -1.36% ahead 1.9%, the S&P 500 index SPX -1.43%

Month-End Selloff: Stocks Drop 1%, Dow Tumbles 200 Points ... But Major Averages Higher for May: Wall Street at Close Report by CNBC; May 31, 2013.

By: JeeYeon Park Published: Friday, 31 May 2013 | 5:27 PM ET  Stocks ended the month of May with big losses, with the Dow and S&P 500 posting their worst one-day drops since mid-April, but major averages still logged monthly gains. Traders cited technical reasons for the sharp late-afternoon selloff in addition to month-end rebalancing and window dressing. (Read More : The 'Hindenburg Omen': Bear Signal Scares Market ) "It almost feels as if this is the beginning of the correction—there are also some fears about the months of June," said Art Hogan, managing director at Lazard Capital Markets. "There's uncertainty over Japan, uncertainty over the pace of QE, and we've got investors that have already seen some healthy gains this year." June is one of the worst months on average for the stock market, down an average of 0.1 percent. ( Read More : Stocks, Sectors to Watch in June ) U.S. Ma

U.S. could raise interest rates before Canada: Central 1: BIV Today's Business News; May 31, 2013.

Mining and Energy Province rejects Northern Gateway project in submission to National Energy Board In its final written submission to the National Energy Board, the province has declined ... READ MORE Economy and Finance   U.S. could raise interest rates before Canada: Central 1 A Vancouver economist says the U.S. Federal Reserve could raise interest rates before the Bank of Canada ...  READ MORE Asia Pacific   Canadians cautious about economic engagement with Asia: APF Canadians acknowledge the importance of engaging economically with Asia but appear uneasy about acting on ...  READ MORE Human Resources   Vancouver leads the country in poor job posting numbers: Conference board Vancouver employers were in no hurry to put out their ...  READ MORE More News...     Avigilon buys American security company in $17 million deal More western shippers commit to green efforts This Week'

CMI Gold and Silver Spot prices as of close of trading in New York; May 31, 2013.

Spot Prices as of close of trading in New York Friday, May 31, 2013 Updated 5/31/2013 Today Change Week Ago Month Ago Year Ago GOLD $1,395.95 -$18.40 $1,389.15 $1,446.95 $1,562.10 SILVER $22.34 -$0.44 $22.58 $23.38 $27.81 PLATINUM $1,464.30 -$20.90 $1,455.20 $1,473.30 $1,420.40 PALLADIUM $752.80 -$7.90 $728.90 $687.10 $611.40

Best ETFs for the Rest of 2013, Jim Farrish: MoneyShow Investors Daily Alert; May 31, 2013

INVESTORS DAILY ALERT Jim Jubak on If You Can't Earn Trust, Buy It What Our Crash Could Look Like Stocks Dropping on Good News? TOP PROS' TOP PICKS Rising Dividends + Acquisitions = Winner , J. Royden Ward Tech Changes Create 'Harmony' , Paul McWilliams GURUS' VIEWS & STRATEGIES Gold: A Once-in-a-Lifetime Buy , Tom Luongo TRADING LESSONS A Treasure Trove of Technical Tools , Tom Aspray CHARTS IN PLAY Two Signs That Apple Is Bottoming , Tom Aspray Exclusive Interviews Best ETFs for the Rest of 2013 , Jim Farrish IDEAS FROM AROUND THE WORLD Why the FTSE-100 Can Top 7,000 , Maynard Paton Today's Featured Videos Ten Low Profile Breakout Stocks That Are Destined to Improve and Enrich Your Portfolio , Hilary Kramer

ADVFN III Evening Euro Markets Bulletin; May 31, 2013.

ADVFN I I I Evening Euro Markets Bulletin Daily world financial news Friday, 31 May 2013 London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts Fed will not 'taper' in 2013, Barclays says     Market Movers     techMARK 2,513.02 -0.56%     FTSE 100 6,583.09 -1.11%     FTSE 250 14,350.92 -0.64% London stocks finished the last trading day of the month in negative territory despite the release of mostly better than expected economic data Stateside in the afternoon. The exception was the April personal consumption figures, which revealed the first drop in spending by Americans in a year. However, that report may have a ‘silver lining’ as the price index contained in the same – the so-called PCE price index - dropped to a 0.7% year-on-year rate of advance, versus 1.0% in the month before. Economists at Barclays Research told clients that: “Overall, we

European stocks drop for second week, off 0.8%: MarketWatch I European Markets at Close Report; May 31, 2013.

By Sara Sjolin , MarketWatch   LONDON (MarketWatch) — European stock markets moved deep into the red on Friday, with investors taking some profits on the final day of the month, while remaining worried about the future of the Federal Reserve’s stimulus program.  The Stoxx Europe 600 index XX:SXXP -0.88%  fell 0.9% to 300.88, closing out the week 0.8% lower. Will an Apple shift impact supply? For years, Apple's iPads and iPhones came from Foxconn's factories. But now a new player has emerged in the supply chain. George Stahl joins Digits. Photo: Getty Images.  The benchmark, however, climbed for a 12th straight month, up 1.4%, as aggressive easing measures from central banks globally largely offset worries about sluggish growth. This week, most Europe