Global markets are overbought and due for either a correction or consolidation. We’re now in the seasonally bad time of the year and the best outcome here would be a mild correction.
Gold Seeker Closing Report: Gold and Silver End Mixed While Stocks Drop On Debt Selling Worries (GoldSeek.com)
Gold gained $11.85 to as high as $965.30 in London before it fell in early New York trade to see a loss of $ $6.25 at $947.20 by a little after 11AM EST, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.026%. Silver climbed to as high as $15.485 in London before it dropped to as low as $15.03 in late morning New York trade, but it also rallied …
Avoid Foreclosure and Scam Artists With New Online Resources (PR Newswire via Yahoo! Finance)
Profit Organization Provides Free Online Loan Modification and Debt Consolidation Assistance
S & P may downgrade India’s rating (rediff.com)
Rating agency Standard & Poor’s on Tuesday said fiscal pressures would weigh on India’s credit quality. In a report released today, the agency said that a resumption of a timely and sustainable fiscal consolidation plan that resulted in lower debt and interest burden, and further reforms to boost economic growth could improve India’s sovereign ratings.
EU Ministers Vow Debt Curb; Broach Bank Supervision (Insurance Journal)
European Union Finance ministers were set on Tuesday to renew commitments to post-recession debt reduction but without tying themselves for now to a starting date. The ministers from the 27 …
EU ministers vow debt curb, broach bank supervision (Reuters) (Yahoo!7 World News)
LUXEMBOURG (Reuters) – EU finance ministers were set on Tuesday to renew commitments to post-recession debt reduction but without tying themselves for now to a starting date.
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