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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
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Tuesday, July 31, 2012

Big Week Ahead in News

This week the Federal Reserve Board will announce policy changes (if any) in response to the US economic activity.   Most believe they will not announce any major changes.  The economy has not faltered enough to justify action. (intervention)

The European Union Central Bank announcing their own plans Thursday.  There is where the action will likely be.  It is widely recognized that the European union is having severe issues with certain members.  The ECB has demonstrated the worst attributes of communal leadership, that is lack of ability to make decisive decisions.  If history repeats lots of tough talk, zero actual material change in policy.  However, anything is possible.

And on Friday is the US employment report.  Historically this report can start a change in direction if the market is disappointed enough.

So there you have it.  I am in Gold miners as per my post Friday, and I have added positions.  But leaving room now to see what happens into next week.

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