Monday, December 13, 2010

Quick Overview

  • Precious metals will probably give investors the best returns among commodities in the next year, and livestock the worst, Goldman Sachs  said. Goldman also sees cotton prices hitting 125 cents a pound in a year's time, and soybeans at $14.00 a bushel.

  • YoY China's retail sales of consumer goods grew 18.7% in November
  • China’s CPI rose 5.1%, the PPI rose 6.1%.
  • China kept its benchmark interest rate unchanged.

  • CoreLogic said 10.8 million homes, or 22.5% of those with mortgages, were “underwater” as of Sept. 30th. That's down from 11 million, or 23% in June.
  • JPMorgan has quietly reduced a large "short" position in the US silver futures market.
  • (Bloomberg) -- Sugar production in Australia, the third-largest exporter, may plunge to the lowest in almost two decades as wet weather forces producers to leave some cane unharvested this season.

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