Swen Lorenz

Finally after 16 days of shutdown congress finally passed legislation to raise the debt ceiling until 2014, allowing the US government to re-open and delaying the immediate fear of default for the time being; budget negotiations have been pushed back to December 13th and government spending until January 15th 2014. Last night’s vote passed by…

Finally after 16 days of shutdown congress finally passed legislation to raise the debt ceiling until 2014, allowing the US government to re-open and delaying the immediate fear of default for the time being;  budget negotiations have been pushed back to December 13th and government spending until January 15th 2014.  Last night’s vote passed by wide margins…

By George Leong, B.Comm. If you are a gold bug, you probably won’t like what I have to say in this column, but just give me a chance to explain why I simply feel the time for the shiny yellow metal has come and gone for now. Yes, the yellow precious metal could inevitably head back…

By Zak Mir. FTSE 100 Miners: Rio Tinto (RIO): Surprise strength for the big FTSE 100 miners given the weakness in precious metals Island bottom and unfilled gap to the upside for Rio Tinto through 200 day moving average Extra bullish given gap through falling 200 day line Implied target towards 2013 price channel top…

By Filipe R. Costa Six months after the European Union and IMF raided Cypriot bank deposits, global central planners now have their eyes on fixed on the rest of Europe’s savings. March’s “Cypriot Experiment” shocked asset owners around the world for three main reasons. First a tax on bank saving represented a second tax. After…

Risers: IMI PLC, Topping the list of FTSE 100 risers, Shares in IMI have surged after  the international engineering company agreed to sell its beverage dispenser and merchandising businesses to Berkshire Hathaway Inc.’s Marmon Group for about $1.1 billion in cash to focus on industrial valves and fluid control systems. Additionally, IMI have confirmed that Q3…

By Dominic Picarda. The standout performer among the markets covered here right now is clearly the DAX. Despite the continuing uncertainty in Washington, the German index has spurted higher overnight, having held up well yesterday. Especially heartening is the current positioning of retail traders. Something like 83% of them are short of this index, according…

After another day of vigorous debate between the two main political parties in the U.S, the top Democrat and Republican in the U.S. Senate were said to be close to agreeing on a proposal to raise the debt limit. It has been suggested that a deal could be struck sometime today, with borrowing authority set…

By Ben Turney.  If you are not watching this story, it’s time to switch on. The deficit ceiling debacle is back in full force. News crossed the wires, about an hour ago, that the Republican leaders in Congress have had to admit defeat in their efforts to provide an alternative plan to the bipartisan agreement,…