Daily Binary Options Update – May 12, 2010

Gold, Gold, Gold!
This is the time to buy Gold! On Tuesday, the June and May gold futures contracts rallied to finish at record closing levels. Gold futures topped $1,233 an ounce in electronic trading Wednesday morning in Asia, extending the hefty gains seen in New York as European debt concerns continued to draw investors to the precious-metals market. Silver is also making big moves to the upside.

European markets are up!
Earnings-related gains from ING and Deutsche Telekom and the appointment of David Cameron as Britain’s new prime minister, worked to offset more losses from banks in Europe on Wednesday.

The Euro is making a comeback against the Dollar
The euro staged a comeback against the dollar and yen in Asian trading Wednesday, as investors reacted to a report about a probe by U.S. Federal prosecutors into allegations against Morgan Stanley.

U.K. shares, sterling up after Cameron named PM
Expect U.S. stock markets to recover, following recovery in U.K., European markets in the coming days.

U.S. Banking stocks expected to take a hit today
U.S. Federal prosecutors are looking into whether Morgan Stanley misled investors about mortgage-derivatives deals it helped design and sometimes bet against, The Wall Street Journal reported Wednesday, citing people familiar with the matter.

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