GLOBAL MARKETS

Silver Burns Short Sellers

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[Selling silver short] natural with these giddy prices, one London trader told the Platts news service on Monday. Speculators are going to have to take profits soon. Shorts have been burned in the run-up, but keep coming back for more, he said, forecasting a $10 drop in the Silver Price short term.

Goodrich Upgraded at Wedbush on Better Aftermarket Performance

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Wedbush Securities upgraded its rating on shares of Goodrich Corp. (NYSE: GR) to outperform from neutral based largely on outperformance in the commercial aftermarket. The brokerage also raised its price target on shares of the U.S. aircraft parts supplier to $100 from $92.
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Global Markets Overview 04/19/2011

U.S. stocks suffered a rout after Standard & Poor's cut its outlook on the U.S. government debt, warning that the U.S. fiscal profile may become meaningfully weaker than that of other triple-A-rated countries if policy makers can't tame the budget deficit. The Dow Jones Industrial Average fell 140.24 points, or 1.14%, to 12201.59, led lower by Bank of America and Caterpillar, which each fell 3.1%.
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World Market Overview 04/19/2011

The Australian share market shrugged off negative sentiment in early trading on Monday, to close slightly higher as the big banks made up for softness in the resources sector. At the close, the benchmark S&P/ASX200 index had risen 9.8 points, or 0.2 per cent, to 4861.9 points, while the broader All Ordinaries index had gained 6.1 points, or 0.12 per cent, to 4945.4 points.
One Euro coins

Why Did the Mighty Euro Fall?

The might euro was the best performing G10 currency in first quarter of 2011. In the past week, however, it has plunged against its G10 counterparts because of headwinds to further ECB rate hikes.
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Gold spikes to new record just $5 short of $1500 per ounce

Gold stayed above $1480 per ounce in Asian and European trading, and then experienced a sudden spike $15 upwards to new record prices yet again at the beginning of the New York trading session. Prices take support from worries over euro zone debt and inflation in Asia after China opted to raise reserve requirements again.
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World Market Overview 04/18/2011

The Australian stock market fell, to record the first weekly decline after three of gains, as the prospect of further interest rate hikes in China saw investors err on the side of caution.
Iron ore

Producer-trader complex grows in commodities industry

Commodities firms in the producer-trader complex (PTC) hold enormous advantages over purely financial traders. This business model, therefore, could be future of the commodities industry, especially on the trading side of it.
Traders work in the oil options pit on the floor of the New York Mercantile Exchange in New York City

How to Trade an Irrational and Fickle Market

The market is incredibly fickle, especially for fundamental analysis-driven traders and analysts. The frustrating thing is that what mattered just a few months ago may not mean anything at all today.
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Glencore: King of Commodities Trading

Glencore’s planned IPO prices the company at $55 billion. This incredibly high valuation is probably shocking to the many people who have never heard of Glencore before. But $55 billion, as large a figure as that is, doesn’t even begin to describe just how powerful it is.
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Global Markets Overview 04/14/2011

US stocks ended slightly higher on Wednesday after President Barack Obama detailed his plans for cutting the deficit and the Federal Reserve reported encouraging news on the economy.
Traders work on the floor of the New York Stock Exchange

World Market Update 04/14/2011

US stocks ended slightly higher on Wednesday after President Barack Obama detailed his plans for cutting the deficit and the Federal Reserve reported encouraging news on the economy.
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World Market Overview 04/14/2011

The Australian share market pared early losses to close around 0.2 per cent higher, as investors snapped up bank stocks and other cyclicals with attractive dividend yields.

Who Holds US Debt? (And Why This Question is Important)

US Treasuries holders’ ability and willingness to buy more Treasuries or decision to sell existing holdings will determine the long-term interest rates of the US government, which in turn influences the cost of capital for the US private sector.
Gold bars are displayed at a branch of Mitsubishi Materials Corporation in Tokyo

Gold To Hit $1600/Oz By end of 2011: GFMS

Price of gold will exceed $1600 a troy ounce before year-end on strong growth in investment demand, according to the precious metals research consultancy firm GFMS.

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