A report by the United Nations concluded that, "The possibility of allowing governments' direct intervention in the physical and financial markets needs to be considered,” according to a story in the Guardian. The UN report claims there is a huge bubble in commodities and refers to commodities as dysfunctional markets. See full story.
UN press release: New UNCTAD study charts impact of financial investors on commodity prices
Copper climbs amid mine-supply concern, falling stockpiles
Copper was set for a weekly gain amid concerns that an accident at the world’s second-biggest mine may curb supply.
Stock volatility indicator on cusp of reversing short-term positive
Marginal recovery following possible key reversal day suggests that short-term uptrend may be over.
Will the Fed pull the plug on this rally?
With most of the Fed members still in Bernanke’s corner and the pattern of dip buying this year, many traders may look at this sell-off as an opportunity to buy into this market. What is the most effective way they can do so?
Yen jumps most in 3 months as risk appetite shrinks
The yen climbed the most in almost three months versus the dollar as risk appetite shrank, with Japanese stocks tumbling after a technical signal that they had gained too much, too fast.