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Fed. Ops: 12.50B Matures this week.
Tue: 3.50B 5day
Thu: 9.00B 14day
Float 18.50B
Term Auctions being increased...
=========================================================
Temp Ops:
Perm Ops:
=========================================================
Public Debt:
Limit ~ $9,815 T
1/17 ~~ $9,187 T
=========================================================
The Slosh Report:
http://www.gmtfo.com/RepoReader/OMOps.aspx
Fed. Ops: 12.50B Matures this week.
Tue: 3.50B 5day
Thu: 9.00B 14day
Float 18.50B
Term Auctions being increased...
=========================================================
Temp Ops:
Perm Ops:
=========================================================
Public Debt:
Limit ~ $9,815 T
1/17 ~~ $9,187 T
=========================================================
The Slosh Report:
http://www.gmtfo.com/RepoReader/OMOps.aspx
AmateurInvestors: Weekend Market Analysis 01/19
http://www.amateur-investor.net/Weekend_Market_Analysis_Jan_19_08.htm
have a Wonderful trip /
Fed. 5day RP + 3.50B [net Drain -7.50B
Fed. 5day RP + 3.50B [net Drain -7.50B
Gold~ Silver~ HUI~ XAU~ US$~ €uro~ Crude
Live Charts ~ Bookmark this page –
Refresh anytime during the day.
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PoS
HUI
XAU
3day $US:
€uro
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Gold~ Silver~ HUI~ XAU~ US$~ €uro~ Crude
Live Charts ~ Bookmark this page –
Refresh anytime during the day.
PoG
PoS
HUI
XAU
3day $US:
€uro
Crude
Fed.(2)1day RP + 11.00B [net Drain -13.00B
Fed.(2)1day RP + 11.00B [net Drain -13.00B
Fed. 14day RP + 6.00B [sofar
Fed. 14day RP + 6.00B [sofar
30.00B Matures tomo C Ben's high
reply to.
Thu:
8.00B 14day
9.00B 7day
13.00B 1day
30.00B Matures tomo C Ben's high
reply to.
Thu:
8.00B 14day
9.00B 7day
13.00B 1day
Beige Book text:
Reports from the twelve Federal Reserve Districts suggest that economic activity increased modestly during the survey period of mid-November through December, but at a slower pace compared with the previous survey period. Among Districts, seven reported a slight increase in activity, two reported mixed conditions, and activity in three Districts was described as slowing.
Most reports on retail activity indicated subdued holiday spending and further weakness in auto sales. However, most reports on tourism spending were positive. Residential real estate conditions continued to be quite weak in all Districts. Reports on commercial real estate activity varied, with some reports noting signs of softening demand. Manufacturing reports varied across industries, with pronounced weakness noted in housing-related industries as well as the automobile industry. Strong export orders and increased demand in industries whose products compete against imports was reported by some Districts. Demand for nonfinancial services remained generally positive, although some Districts commented on continuing weak demand for transportation services.
Reports from banks and other financial institutions noted further declines in residential real estate lending, and lending to the commercial real estate sector was generally described as mixed. Some Districts reported lower consumer loan volumes, whereas the volume of commercial and industrial lending varied. Most Districts cited tighter credit standards.
Demand continued to decline for construction workers and those in housing-related industries, according to most reports, while demand generally held steady for skilled workers in nonfinancial service industries. Wage increases remained moderate overall. Increases in prices for food, petrochemicals, metals, and energy-related inputs continued to be widely reported, and production and delivery costs for many products increased because of higher fuel prices. Producers in the agricultural sector reported generally strong demand and favorable production conditions outside of the drought-stricken areas in the Southeast. Strong oil and gas exploration and production activity was noted by several Districts.
Consumer Spending and Tourism
Reports indicate that holiday sales were generally disappointing. Sales in the Atlanta, Boston, Chicago, Cleveland, Dallas, New York, Richmond, and San Francisco Districts were varyingly described as lackluster, weak, below year-ago levels, or mixed. Kansas City reported that spending was solid, but below expectations. Sales rose modestly according to Minneapolis, Philadelphia, and St. Louis reports. Atlanta and New York merchants noted that foreign buyers were a boost to holiday sales. Overall, the outlook for 2008 among retail merchants was cautious.
Most Districts reported that vehicle sales for late 2007 were below year-ago levels. However, the Minneapolis report noted strong demand from area farmers and Canadians purchasing vehicles across the border. The Atlanta and Kansas City Districts reported that sluggish vehicle demand has resulted in unexpected inventory accumulation. However, imports and fuel-efficient vehicles continued to sell well according to the Philadelphia, Kansas City, and Dallas reports. Atlanta noted that some foreign brands had turned to fleet sales to offset generally weaker retail demand. Dealers in Philadelphia and Cleveland anticipated that sales in 2008 would be flat to lower than in 2007.
Reports on tourism were mostly positive. The Atlanta District observed that Florida businesses catering to winter visitors experienced increased demand. The number of visitors from Europe and Canada were especially strong, and bookings for the Spring were robust. Minneapolis reported that solid snowfall in many parts of the District helped spur winter tourism activity. Richmond’s assessment of tourist activity was also generally upbeat. Tourism activity in New York City was said to have remained strong through year-end.
Nonfinancial Services
Most reports cited robust demand in several nonfinancial service industries including health care, hospitality, legal, and insurance. According to Atlanta, the demand for engineers, particularly in petrochemical fields, was very strong. Reports on temporary staffing services were mixed. For instance, Dallas and Philadelphia noted that employment firms reported weaker demand for temporary workers, whereas New York and Richmond reported relatively strong demand.
Demand for transportation services was generally weak, led by lower demand from the housing sector. Reports indicated that freight volume continued to weaken in the Atlanta and Cleveland Districts and was slow overall in the Dallas District. Inter-modal transportation volumes were also said to be lower in the Atlanta and Dallas Districts, although Dallas noted that rail shipments were up, led by strong agricultural shipments.
Manufacturing
Reports on manufacturing activity varied. Kansas City reported that manufacturing was expanding and that manufacturers were relatively upbeat. Cleveland reported that manufacturing output remained steady overall, whereas Dallas indicated that conditions continued to soften. New York reported that manufacturing activity appeared to weaken somewhat in early December, but noted some improvement later in the month. Among the positive reports, San Francisco noted that production and new orders for commercial aircraft and parts remained solid, while sales of information-technology products continued to increase moderately. Boston said that sales of aircraft equipment and pharmaceuticals continued to rise at a robust rate. Atlanta and Minneapolis noted that defense and energy-related manufacturers reported strong activity. St. Louis and San Francisco reported that the local food production industry was expanding.
Philadelphia, Chicago, Kansas City, and Atlanta reported that many firms were expanding export activity. In some cases, demand was also said to have increased as a result of import substitution. For example, Chicago reported that domestic steel production was expanding, led by a moderation in imports. Demand for equipment used in energy extraction and mining continued to be robust as well.
However, according to most Districts, conditions in manufacturing industries producing construction and home-related goods remained weak. Richmond noted weakness in demand for electronics, and San Francisco described production of industrial equipment as tepid. In addition, auto-related production was soft according to the Cleveland, Chicago, and St. Louis reports.
Real Estate and Construction
Conditions in most housing markets remained quite weak through year-end. The pace of sales continued to be sluggish, and inventories persisted at historically high levels according to most Districts. Home construction levels continued to decline according to Atlanta, Chicago, Dallas, Kansas City, and St. Louis reports. Reports on home prices varied. While Dallas observed that home prices were steady, Atlanta, Cleveland, Kansas City, New York, and Richmond reported that prices declined; the Boston and San Francisco Districts said that changes in home prices were mixed. Overall, contacts anticipate that housing markets will remain weak during the first part of 2008.
Reports on commercial real estate activity varied, with some Districts noting that activity had eased late in the year. Contacts in the Atlanta and Boston Districts indicated that commercial markets were little changed while the Chicago, Kansas City, Minneapolis, Philadelphia, and Richmond reports suggested slower growth. Activity was stable to increasing according to the Cleveland, Dallas, and San Francisco reports. Vacancy rates were described as stable in the New York, Philadelphia, and Kansas City Districts, and as varied in the Richmond District. Chicago and Minneapolis contacts noted that retail vacancies had risen. Kansas City contacts reported that leasing activity was stable, whereas leasing activity in the Richmond, Philadelphia, and New York Districts had slowed. Most Boston District contacts reported that rents were flat, while rents were steady to declining according to the Chicago and Kansas City reports. New York and Richmond noted that rental rates had stabilized in the fourth quarter, whereas Dallas continued to report rising rental rates.
Contacts in the Boston and Chicago Districts indicated that commercial construction activity was slowing. Developers in the Atlanta and Richmond Districts reported smaller backlogs of projects while Cleveland District contacts said that backlogs had risen. Most contacts anticipate a slower pace of commercial development during 2008.
Banking and Finance
Reports suggest that both business and consumer lending activity slowed in most Districts from mid-November through December. Residential mortgage lending continued to contract in all Districts while refinancing activity varied. For instance, Chicago and Richmond noted increased refinancing activity, but New York cited widespread declines in refinancing. Reports on commercial real estate loan demand were also mixed, although Dallas and Cleveland noted relatively healthy demand. Most reports indicated that credit standards for most loan categories had tightened over the period. Downward pressure on deposits was noted by Chicago, New York, Philadelphia, St Louis, Kansas City, and Dallas. Several Districts reported declines in loan quality and increased delinquencies.
Agriculture and Natural Resources
The performance of the agricultural sector across Districts was generally favorable. Upbeat conditions in Chicago, Minneapolis, and San Francisco were attributed to a combination of higher crop prices and favorable weather. Dallas and San Francisco reported strong domestic and global demand for their products. Kansas City reported that strong demand and low inventories boosted prices and income for crop producers. However, despite recent rains, conditions for drought-stricken areas in the Atlanta and Richmond Districts remained generally poor.
Activity in the energy sector increased according to the Atlanta, Dallas, Kansas City, and Minneapolis Districts. Dallas noted a sharp rise in the Texas rig count while Kansas City cited strong drilling activity in Oklahoma and Colorado. However, seasonal factors dampened drilling activity in the Cleveland District, and reports on coal production in the region were mixed. Atlanta indicated that Gulf Coast crude inventories were low, but new offshore platforms should help boost production in 2008.
Prices and Wages
According to most reports, businesses continued to face rising costs for food, petrochemicals, metals, and energy-related inputs. Several Districts noted that transportation costs for most products increased. Philadelphia reported that some firms had raised output prices in order to cover higher energy costs. In the San Francisco District, price inflation was said to be limited in general, but significant for food and energy. Dallas reported that high or rising input costs were squeezing margins for most industries. Manufacturers in the New York District reported prices paid and received had increased and that this was expected to continue. Atlanta noted that input costs continued to increase for imported goods originating in Europe or Japan because of the lower value of the dollar. In contrast, producers of framing lumber, wallboard, and wood panels reported weak prices according to the Atlanta, Minneapolis, and Chicago reports.
Reports suggest that labor markets remained relatively tight overall, and especially for skilled workers, whereas housing-related industries continued to trim payrolls. Increases in employment costs were generally described as moderate. Kansas City reported that overall wage pressures eased, with only the energy sector citing significant wage pressure. Philadelphia reported that labor costs continued to increase at a moderate pace while Boston, Chicago, Dallas, and San Francisco reported that wage pressures remained limited outside of a few sectors that continue to experience shortages of skilled labor. Wage pressures were not significant according to the Cleveland report.
Return to top
Boston
Fed. 1day RP + 13.00B [net add + 6.25B
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
Fed. 1day RP + 13.00B [net add + 6.25B
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
Fed Auctions $30 Billion
Tuesday January 15, 10:11 am ET
By Martin Crutsinger, AP Economics Writer
Fed Auctions $30 Billion to Banks to Combat Credit Crisis
WASHINGTON (AP) -- The Federal Reserve, working to combat the effects of a serious credit crisis, said Tuesday it had auctioned $30 billion in money to commercial banks at an interest rate of 3.95 percent.
It marked the third in a series of innovative auctions the Fed began last month as a way to provide cash-strapped banks with the reserves they need. The hope is that the increase in resources will keep banks lending to consumers and businesses and prevent the credit turmoil that hit in August from pushing the country into a recession.
There are indications the Fed's efforts are having an impact. The 3.95 percent interest rate was the lowest of any of the three auctions it has held. The other two auctions saw rates of 4.65 percent and 4.67 percent.
Fed Auctions $30 Billion
Tuesday January 15, 10:11 am ET
By Martin Crutsinger, AP Economics Writer
Fed Auctions $30 Billion to Banks to Combat Credit Crisis
WASHINGTON (AP) -- The Federal Reserve, working to combat the effects of a serious credit crisis, said Tuesday it had auctioned $30 billion in money to commercial banks at an interest rate of 3.95 percent.
It marked the third in a series of innovative auctions the Fed began last month as a way to provide cash-strapped banks with the reserves they need. The hope is that the increase in resources will keep banks lending to consumers and businesses and prevent the credit turmoil that hit in August from pushing the country into a recession.
There are indications the Fed's efforts are having an impact. The 3.95 percent interest rate was the lowest of any of the three auctions it has held. The other two auctions saw rates of 4.65 percent and 4.67 percent.
Fed. 1day RP + 6.75B [net add +5.00B
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
Fed. 1day RP + 6.75B [net add +5.00B
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
Fed. 1day RP + 1.75B [net Drain -1.50B
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
Fed. 1day RP + 1.75B [net Drain -1.50B
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
I think this is worth a look, from Coxe:
Courtesy...TheSlowLane @ SI
"So, this is a somewhat murky field, but of course everything in this financial crisis is murky. Nothing is as it seems. For example, the word this week is that Citibank’s total write downs this year are going to be twenty-two billion dollars. Now this starts to get to the level where even the recent injection of capital they got gets drained away. And meanwhile they’ve still got stuff that they thought they could peddle off, what we call the Jurassic Park Avenue creations, or the Macbeth Witches Brew documents. They’ve still got lots of those on their balance sheet and they’re still showing them at valuations which are, to put it charitably, suspect.
So, if you’ve got the two biggest retail banks in the US - Bank of America and Citigroup – that are struggling, you have to wonder about the purer investment banks out there, whether although they’re not facing supervision from the deposit agencies, the question again is, how good are their balance sheets? If Bill Gross’s concerns are valid – and one hesitates to challenge the work of somebody of his stature – then these Babel Bonds out there are certainly enough to completely blow all holes in the protective layers over London and New York.
Now...all of this I believe is what’s playing out for gold.
Because if you begin to wonder…first of all, you don’t particularly like to have assets denominated in Dollars. Although gold theoretically is denominated in Dollars, it’s outperforming all currencies, even the Iraqi Dinar, which has been one of the stronger currencies in the world this year.
So we’ll take away gold as being inversely-correlated to the Dollar because the Dollar has not collapsed anywhere near as much as gold has gone up. And as I say, it’s not functioning purely as an inflation hedge. So what it’s doing now is saying all sorts of other assets are going to be written down drastically. Let’s have something that cannot be written down. And on that basis, it’s hard to predict a top for gold.
Now I see that the CEO of Agnico Eagle said gold will go up to its old high, which was 850, but if you adjust for intervening inflation that gets it to 2200 an ounce. It’s a nice calculation, but the problem with that is that 850 was a triple waterfall peak. And it vastly overstated gold’s rise in response to the Third World debt problems of the banking system at the time, which in the light of what we’re seeing now were purely trivial. And also the inflation that was going on, although it did peak out at thirteen percent. The accumulated inflation since gold was revalued from 20. 67 an ounce to $35 by Roosevelt in 1933 was nowhere near enough to take gold to 850. Probably something close to 450, 500 would have been functioning as a store of value.
So I find those kinds of calculations dubious. Having said that, it’s no secret to anybody on this call or who reads Basic Points that since our trip to India we’ve become increasingly enamored of gold and gold stocks and we just started pounding the table on them in July when it became apparent that such insouciance as we had had that the subprime mess would go away without major consequences, vanished.
But did I think that we were going to touch $900 on gold? No! I certainly never used figures like that. I simply said that the perceptions of relative risk and reward in gold and gold stocks were going to change decisively in favor of them. And you know the run-up that we’ve had in these gold stocks has been...just pretty much along with gold itself. Which means that the leverage factor that you get on unhedged reserves in the ground, there’s not much gold hedging left out there, because the prominent hedgers finally took the lessons of the marketplace in line and covered in most of their book of hedges. So, the leverage that you’ve got with gold mines that have ten or twenty years of reserves in politically secure regions, should mean that the stocks will outperform the bullion.
Now, the problem there is that although the gold mines that are important in the world aren’t located in places such as Venezuela or Russia. What you do have is exposure to a bunch of Latin American jurisdictions which may decide that they’re going to rewrite their rules for gold mines in light of gold moving to this level.
In other words, what these gold mines may face is something akin to what the oil sands companies in Alberta have faced, which is that the government says “You’re doing much better than anybody assumed at the time you took on these risks, and so therefore the rewards must go primarily to the people. ” And most of the bad things that have ever been done by governments anywhere have been done in the name of the people. And on that basis, I can see why it is that the gold stocks may not have done as much as I would have expected, had anybody told me that we were going to be seeing 895 gold.
I still believe that they are a superior investment class. And that no matter what you may think about the overall stock market – and I do think we are in a bear market, I don’t think it’s a big bear market because frankly, if we write off all this stuff that’s out there, I think still, that the global economy is not going to go in to a deep recession. And although the US will probably experience a recession – could even be in one now – the economists are very much divided on this, which means I can’t use my basic rule for judging these things. If you assume all of this, you’ve still got a situation where you want to own the commodity stocks.
And at the moment, the two commodity groups that look to be the best ones to be in are the gold stocks and the agricultural stocks."
===================================================
Don Coxe: Fridays weekly audio program.
http://events.startcast.com/events/199/B0003/#
I think this is worth a look, from Coxe:
Courtesy...TheSlowLane @ SI
"So, this is a somewhat murky field, but of course everything in this financial crisis is murky. Nothing is as it seems. For example, the word this week is that Citibank’s total write downs this year are going to be twenty-two billion dollars. Now this starts to get to the level where even the recent injection of capital they got gets drained away. And meanwhile they’ve still got stuff that they thought they could peddle off, what we call the Jurassic Park Avenue creations, or the Macbeth Witches Brew documents. They’ve still got lots of those on their balance sheet and they’re still showing them at valuations which are, to put it charitably, suspect.
So, if you’ve got the two biggest retail banks in the US - Bank of America and Citigroup – that are struggling, you have to wonder about the purer investment banks out there, whether although they’re not facing supervision from the deposit agencies, the question again is, how good are their balance sheets? If Bill Gross’s concerns are valid – and one hesitates to challenge the work of somebody of his stature – then these Babel Bonds out there are certainly enough to completely blow all holes in the protective layers over London and New York.
Now...all of this I believe is what’s playing out for gold.
Because if you begin to wonder…first of all, you don’t particularly like to have assets denominated in Dollars. Although gold theoretically is denominated in Dollars, it’s outperforming all currencies, even the Iraqi Dinar, which has been one of the stronger currencies in the world this year.
So we’ll take away gold as being inversely-correlated to the Dollar because the Dollar has not collapsed anywhere near as much as gold has gone up. And as I say, it’s not functioning purely as an inflation hedge. So what it’s doing now is saying all sorts of other assets are going to be written down drastically. Let’s have something that cannot be written down. And on that basis, it’s hard to predict a top for gold.
Now I see that the CEO of Agnico Eagle said gold will go up to its old high, which was 850, but if you adjust for intervening inflation that gets it to 2200 an ounce. It’s a nice calculation, but the problem with that is that 850 was a triple waterfall peak. And it vastly overstated gold’s rise in response to the Third World debt problems of the banking system at the time, which in the light of what we’re seeing now were purely trivial. And also the inflation that was going on, although it did peak out at thirteen percent. The accumulated inflation since gold was revalued from 20. 67 an ounce to $35 by Roosevelt in 1933 was nowhere near enough to take gold to 850. Probably something close to 450, 500 would have been functioning as a store of value.
So I find those kinds of calculations dubious. Having said that, it’s no secret to anybody on this call or who reads Basic Points that since our trip to India we’ve become increasingly enamored of gold and gold stocks and we just started pounding the table on them in July when it became apparent that such insouciance as we had had that the subprime mess would go away without major consequences, vanished.
But did I think that we were going to touch $900 on gold? No! I certainly never used figures like that. I simply said that the perceptions of relative risk and reward in gold and gold stocks were going to change decisively in favor of them. And you know the run-up that we’ve had in these gold stocks has been...just pretty much along with gold itself. Which means that the leverage factor that you get on unhedged reserves in the ground, there’s not much gold hedging left out there, because the prominent hedgers finally took the lessons of the marketplace in line and covered in most of their book of hedges. So, the leverage that you’ve got with gold mines that have ten or twenty years of reserves in politically secure regions, should mean that the stocks will outperform the bullion.
Now, the problem there is that although the gold mines that are important in the world aren’t located in places such as Venezuela or Russia. What you do have is exposure to a bunch of Latin American jurisdictions which may decide that they’re going to rewrite their rules for gold mines in light of gold moving to this level.
In other words, what these gold mines may face is something akin to what the oil sands companies in Alberta have faced, which is that the government says “You’re doing much better than anybody assumed at the time you took on these risks, and so therefore the rewards must go primarily to the people. ” And most of the bad things that have ever been done by governments anywhere have been done in the name of the people. And on that basis, I can see why it is that the gold stocks may not have done as much as I would have expected, had anybody told me that we were going to be seeing 895 gold.
I still believe that they are a superior investment class. And that no matter what you may think about the overall stock market – and I do think we are in a bear market, I don’t think it’s a big bear market because frankly, if we write off all this stuff that’s out there, I think still, that the global economy is not going to go in to a deep recession. And although the US will probably experience a recession – could even be in one now – the economists are very much divided on this, which means I can’t use my basic rule for judging these things. If you assume all of this, you’ve still got a situation where you want to own the commodity stocks.
And at the moment, the two commodity groups that look to be the best ones to be in are the gold stocks and the agricultural stocks."
**Update: link to Weekend Edition
reply to, other link has been replaced, see full story.
http://www.marketwatch.com/news/story/surging-gold-etf-holds-more/story.aspx?guid=%7b378D71CA-FDCF-46F9-969B-D94847B8BBCA%7d&print=true&dist=printTop
**Update: link to Weekend Edition
reply to, other link has been replaced, see full story.
http://www.marketwatch.com/news/story/surging-gold-etf-holds-more/story.aspx?guid=%7b378D71CA-FDCF-46F9-969B-D94847B8BBCA%7d&print=true&dist=printTop
Posted what l think fwiw
#msg-25938882
Sold a bit 4.20 GG core from the old
days, thinking write calls against some more out of the money.
Wells Fargo, BofA, others sued by city of Cleveland over foreclosures
Friday January 11, 6:11 pm ET
The city of Cleveland sued Wells Fargo and other mortgage lenders alleging that high-rate mortgages that have forced many into foreclosure and left entire neighborhoods in ruins.
Officials of the Ohio city hope to collect hundreds of millions in damages, including depressed tax revenues from lower property values and money spent on demolishing and boarding up abandoned houses.
"To me, this is no different than organized crime or drugs," Cleveland Mayor Frank Jackson told the Cleveland Plain Dealer.
Cleveland is the second major city this week to sue Wells Fargo. (NYSE: WFC - News) The San Francisco bank also faces litigation from the City of Baltimore.
Cleveland's suit differs from Baltimore's in that it cites an Ohio law against public nuisances and targets the investment banking side of the business which played a key role in fueling the subprime mortgage business.
Wells Fargo spokesman Kevin Waetke earlier this week defended the bank's lending practices in response to the Baltimore suit.
"We do not tolerate illegal discrimination against or unfair treatment of any consumer," Waetke told the New York Times. "Our loan pricing is based on credit risk. We are committed to serving all customers fairly -- our continued growth depends on it."
Cleveland's suit also cites Bank of America (NYSE:BAC - News), Deutsche Bank, Goldman Sachs, (NYSE: GS - News) Merrill Lynch (NYSE: MER - News), Citigroup (NYSE: C - News), Credit Suisse, J.P. Morgan Chase (NYSE: JPM - News), Bear Stearns, Ameriquest Mortgage Co, Washington Mutual (NYSE: WM - News), Countrywide Financial (NYSE: CFC - News), Morgan Stanley (NYSE: MS - News), Fremont General Corp, GMAC-RFC, Greenwich Capital Markets, HSBC Holdings, IndyMac Bancorp, Lehman Brothers, Novastar Financial and Option One Mortgage Corp.
http://biz.yahoo.com/bizj/080111/1575675.html?.v=2
Warehousing bullion for gold's supermarket
As metal hits new highs, exchange-traded fund's $18 billion cache only grows
By John Spence, MarketWatch
Last update: 5:20 p.m. EST Jan. 11
Imagine being forced to buy gold in such quantities that you run out of adequate space to warehouse all of it.
http://www.marketwatch.com/news/story/surging-gold-etf-holds-more/story.aspx?guid=%7B378D71CA%2DFDCF%2D46F9%2D969B%2DD94847B8BBCA%7D
Warehousing bullion for gold's supermarket
As metal hits new highs, exchange-traded fund's $18 billion cache only grows
By John Spence, MarketWatch
Last update: 5:20 p.m. EST Jan. 11
Imagine being forced to buy gold in such quantities that you run out of adequate space to warehouse all of it.
http://www.marketwatch.com/news/story/surging-gold-etf-holds-more/story.aspx?guid=%7B378D71CA%2DFDCF%2D46F9%2D969B%2DD94847B8BBCA%7D
Real-Time Forex Streamers (2)
http://www.netdania.com/QuoteList.asp
http://www.forex-markets.com/quotes.htm
Don Coxe: Fridays weekly audio program.
http://events.startcast.com/events/199/B0003/#
Fed. Ops: 20.25B Matures this week.
Mon: 3.25B 3day
Thu:
8.00B 14day
9.00B 7day
Float(1): 29.25B
Float(2): 40.00B Term Auctions
Term Auctions being increased by 50% to 30b from 20b.
=========================================================
Temp Ops:
Perm Ops:
=========================================================
Public Debt:
Limit ~ $9,815 T
1/10 ~~ $9,198 T
=========================================================
Thu: 10 a.m.: Federal Reserve Chairman Ben Bernanke testifies on the economy, at the House Budget Committee.
Fed. Ops: 20.25B Matures this week.
Mon: 3.25B 3day
Thu:
8.00B 14day
9.00B 7day
Float(1): 29.25B
Float(2): 40.00B Term Auctions
Term Auctions being increased by 50% to 30b from 20b.
=========================================================
Temp Ops:
Perm Ops:
=========================================================
Public Debt:
Limit ~ $9,815 T
1/10 ~~ $9,198 T
=========================================================
Thu: 10 a.m.: Federal Reserve Chairman Ben Bernanke testifies on the economy, at the House Budget Committee.
yep but not all participating strange
feel to the move.
l saw your bet.....nice!!
Fed. 3day RP + 3.25B [ net drain -2.75B
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
CDC Corporation (CHINA) says it is providing clarification regarding purchases and sales of the co's securities by its executive officers, directors and affiliates... China Sunergy (CSUN) announces that it has established its European headquarters in Munich, Germany
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