Rare Coin Wholesalers Blog

Paul’s Economic Outlook:

The Federal Reserve is moving to normal fiscal policies. Bernanke did not mention timing on QE 3 and Operation twist. He hinted that interest rates will not change for a year. Dollar up, gold down. Keep watch for the jobs reports on Friday.

P.M. Kitco Roundup: Gold Backs Off A Bit Following FOMC Statement, Bernanke Press Conference

http://www.kitco.com/news/2013-06-19/KitcoNews20130619JW_PM.html

Federal Reserve meeting update

Paul’s Economic Outlook:

The Federal Reserve meeting is over. Ben Bernanke will be speaking at 2pm est. Expect movement to happen after Friday’s jobs report is released. 

Suggested Reading:

The Impact Of Currency Conversions

http://finance.yahoo.com/news/impact-currency-conversions-153000854.html

King dollar drives all investment capital into the U.S.

Japan's trade deficit climbs to $10.5B in May

http://finance.yahoo.com/news/japans-trade-deficit-climbs-10-5b-may-003542452.html

House of cards.

Half-way to lost decade, Europe's growth task as tough as ever

http://ca.finance.yahoo.com/news/analysis-half-way-lost-decade-europes-growth-task-141910830.html

House of cards.

The U.S. economy is improving.

Paul’s Economic Outlook:

The Federal Reserve is tightening. Dollar up, gold down.

Suggested Reading:

Funds cut gold positions as Paulson’s loss widens

http://www.resourceinvestor.com/2013/06/17/funds-cut-gold-positions-as-paulsons-loss-widens?t=precious-metals

The Federal Reserve is tightening. Dollar up, gold down.

Dollar gains, shares firm as markets await Fed

http://ca.finance.yahoo.com/news/asian-shares-capped-upcoming-fed-meeting-jangles-nerves-022050484.html

Federal Reserve tightening. Dollar up, gold down.

UPDATE: Gold Extends Early Losses to Trade Solidly Lower, at 4-Week Low; Stops Hit

http://www.kitco.com/reports/KitcoNews20130618JW_Update.html

Federal Reserve tightening. Dollar up, gold down.

Paul’s Economic Outlook:

Federal Reserve tightening. Dollar up, gold down.

Funds cut gold positions as Paulson’s loss widens

http://www.resourceinvestor.com/2013/06/17/funds-cut-gold-positions-as-paulsons-loss-widens?t=precious-metals

Dollar gains, shares firm as markets await Fed

http://ca.finance.yahoo.com/news/asian-shares-capped-upcoming-fed-meeting-jangles-nerves-022050484.html

UPDATE: Gold Extends Early Losses to Trade Solidly Lower, at 4-Week Low; Stops Hit

http://www.kitco.com/reports/KitcoNews20130618JW_Update.html

Paul’s Economic Outlook:

Everyone is waiting in anticipation of the Federal Reserve meeting on June 18^th Tuesday.

Suggested Reading

Kitco Metals Roundup: Gold Weaker In Quiet Dealings; FOMC Meeting Awaited

http://www.kitco.com/reports/KitcoNews20130617JW_am.html

Everyone is waiting in anticipation of the Federal Reserve meeting on June 18^th Tuesday.

Faltering Economy in China Dims Job Prospects for Graduates

http://finance.yahoo.com/news/faltering-economy-china-dims-job-001502224.html

China’s house of cards is just starting to crumble.

Paul’s Economic Outlook:

The U.S. is finally competing.

Suggested Reading:

Your Playbook To Profit From Falling Currencies

http://finance.yahoo.com/news/playbook-profit-falling-currencies-180000585.html

Dollar up, Foreign currencies and gold down. Investment capital around the world moving to the U.S.

IMF urges repeal of "ill-designed" U.S. fiscal cuts

http://news.yahoo.com/imf-urges-repeal-ill-designed-150139729.html

Spin article. Reducing spending will strengthen the U.S. and weaken the Euro.

U.S. shale is a boon to manufacturers but not their workers

http://finance.yahoo.com/news/u-shale-boon-manufacturers-not-063714236.html

Who writes this stuff. The U.S. is finally competing.

Analysis: U.S. plastics from gas threaten European petchem industry

http://finance.yahoo.com/news/analysis-u-plastics-gas-threaten-104353460.html

Paul’s Economic Outlook:

Your Playbook To Profit From Falling Currencies

http://finance.yahoo.com/news/playbook-profit-falling-currencies-180000585.html

Dollar up, Foreign currencies and gold down. Investment capital around the world moving to the U.S.

IMF urges repeal of "ill-designed" U.S. fiscal cuts

http://news.yahoo.com/imf-urges-repeal-ill-designed-150139729.html

Spin article. Reducing spending will strengthen the U.S. and weaken the Euro.

U.S. shale is a boon to manufacturers but not their workers

http://finance.yahoo.com/news/u-shale-boon-manufacturers-not-063714236.html

 Analysis: U.S. plastics from gas threaten European petchem industry

http://finance.yahoo.com/news/analysis-u-plastics-gas-threaten-104353460.html

Who writes this stuff. The U.S. is finally competing.

Paul’s Economic Outlook:

The markets are trying to factor in whether the Federal Reserve either do nothing or lower Operation Twist or QE3 on June 18^th meeting. This lowering or ending could happen June 18^th, July 30^th or September 4^th.

U.S. Oil Notches Record Growth

http://finance.yahoo.com/news/u-oil-notches-record-growth-233900221.html

World game changer.

Oil falls toward $95 as Asia stock market’s plunge

http://finance.yahoo.com/news/oil-falls-toward-95-asia-stock-markets-plunge-052302271.html

Half Truth. U.S. production and supplies increasing.

EU files WTO complaint over Chinese stainless steel duty

http://finance.yahoo.com/news/eu-files-wto-dispute-challenge-133703790.html

China exports 40% of its GDP. 25% of that goes to Europe. Looming train wreck.

The markets are trying to factor in whether the Federal Reserve either do nothing or lower Operation Twist or QE3 on June 18^th meeting.

Paul’s Economic Outlook:

U.S. private sector (70% of U.S. GDP). Foreign economies are slowing down.

Suggested Reading:

U.S. CEOs a bit more optimistic on economy, hiring: survey

http://finance.yahoo.com/news/u-ceos-bit-more-optimistic-154846290.html

TV, Internet, papers and magazines report on the government and stock market. This recovery is happening at the private sector level like always.

Japan Resorts to Buying ETFs and REITs to Prop Up Stock Market; Will Fed Eventually Do the Same?

http://smallbusiness.yahoo.com/advisor/japan-resorts-buying-etfs-reits-prop-stock-market-135012398.html

Spin article. U.S. is not Japan and the Federal Reserve is shifting from a weak dollar to a strong dollar policy.

China Slowdown Affects Auto Sales

http://finance.yahoo.com/news/china-slowdown-affects-auto-sales-162440048.html

Half truth. China slowdown affecting foreign sales. Sales in the U.S. are up.

There is steady progress to shift from weak dollar to a strong dollar in order to promote private sector growth.

Paul’s Economic Outlook:

Markets starting to factor in today what the Federal Reserve will do in the meeting on June 18^th.

Oil falls on rising supply, central bank fears

http://news.yahoo.com/brent-holds-under-104-rising-071646237.html

The energy industry will lead the U.S. Private Sector (70% of U.S. GDP) out of this recession and deal with long term Government Debt through increased revenues. Federal Reserve shifting back to a normal capital money policy. Dollar up, oil and gold down.

Market Nuggets: OptionsXpress: Easing Concerns, ‘Mild’ Inflation, Indian Tax Hinder

http://www.kitco.com/reports/kitcoNewsMarketNuggets20130611.html

Federal Reserve shifting back to a normal capital money policy. Dollar up, oil and gold down.

More Americans quit jobs, a sign of confidence

http://finance.yahoo.com/news/more-americans-quit-jobs-sign-confidence-161601529.html

The energy industry will lead the U.S. Private Sector (70% of U.S. GDP) out of this recession and deal with long term Government Debt through increased revenues.