Obama seeks power to merge agencies
http://news.yahoo.com/obama-seeks-power-merge-agencies-161650498.htmlSmoke screen. Reorganize 5 agencies and cut 20,000 jobs, than he can reorganize anything else he wants, after that, republicans will not give him this power.
Rate on 30-year mortgage drops to record 3.89 pct.
http://finance.yahoo.com/news/rate-30-mortgage-drops-record-150304575.htmlOperation twist by Federal reserve is to sell all of its short term bond and treasuries and buy long term, locking in longer term rates at lower levels. Opening short term rates to go up.
A.M. Kitco Metals Roundup: Comex Gold Weaker On Corrective Pullback From Recent Gains
http://www.kitco.com/reports/KitcoNews20120113JW_AM.htmlDollar going up, gold going down.