Gold prices fell back last session but bigger news remained with stock action.
Gold and silver prices played their safe haven roles amidst the chaos that was
the stock market yesterday. It was a volatile and tumultuous trading session
that played out in the market place but gold and silver ultimately ended red.
The major index composites dropped off significantly last session. The DJI,
Nasdaq and S&P 500 all closed out the last session in the red. Specifically, the
Dow Jones Industrial Average finished the last session lower by 4.31 percent or
512.76 points to closed at 11,383.68. The S&P 500 finished lower by 4.78 percent
or 60.27 points to close out at 1,200.07. The Nasdaq finished lower by 5.08
percent or 136.68 points to close out at 2,556.39. Stocks dropped significantly
lower overall last session having their worst day since December of 2008. Gold
did touch a high of 1684.90 an ounce but ultimately ended lower on the day.
Contract gold for December delivery moved lower by 7.30 to finish off at 1659
per troy ounce. Silver contract finished off lower by 2.33 and closed at 39.43
per troy ounce. After session close, but prior to opening bell today, spot gold
and spot silver prices continued to move lower. Spot gold price per gram moved
lower by .62 at 52.86 and spot gold price per kilo moved lower by 619.22 at
52860.33. Spot silver price per ounce moved lower by 2.77 at 38.98 per troy
ounce and spot silver price per kilo was lower by 89.03 at 1253.17. Camillo
Zucari
Thursday, August 4, 2011
DJIA Dow Jones Index djx DJI Stock Market Today Nasdaq, S&P 500 Investing Money Profit News
Trends in the stock market appeared bad, and then yesterday happened. The major
index composites dropped significantly and the Dow made headlines throughout the
day for its trends. The headlines were for reasons that continue to provoke and
add to the anxiety many feel about the health and well being of our present
economy in the U.S. The DJIA dropped over 512 points on the day or 4.31 percent
and closed out at 11,383.68. This wiped out gains made this year so far for the
major index composite. The Dow has not posted a day as bad since December of
2008. The extreme negative action yesterday only strengthened the thoughts that
many have regarding a fall into another recessive period. Other composites fell
red as well. The Nasdaq fell lower by 5.08 percent or 60.27 points and closed
out at 2,556.39 and the S&P 500 dropped off by 4.78 percent or 60.27 points to
close out at 1,200.07. It was the worst of days for stocks last session and the
assumed catalyst for the negativity seems to stem from the initial jobless
claims. The report from the Labor Department was weaker than what many had been
expecting and this caused worries to increase in anticipation of todays nonfarm
payrolls and unemployment report. In addition to worry regarding this report,
anxieties are on the rise on Wall Street relevant to eurozone debt problems that
ultimately overflow and negatively affect the U.S. via global marketplace
relationships. For today though, most eyes and ears will be anxiously awaiting
the payroll and unemployment reports. Frank Matto
index composites dropped significantly and the Dow made headlines throughout the
day for its trends. The headlines were for reasons that continue to provoke and
add to the anxiety many feel about the health and well being of our present
economy in the U.S. The DJIA dropped over 512 points on the day or 4.31 percent
and closed out at 11,383.68. This wiped out gains made this year so far for the
major index composite. The Dow has not posted a day as bad since December of
2008. The extreme negative action yesterday only strengthened the thoughts that
many have regarding a fall into another recessive period. Other composites fell
red as well. The Nasdaq fell lower by 5.08 percent or 60.27 points and closed
out at 2,556.39 and the S&P 500 dropped off by 4.78 percent or 60.27 points to
close out at 1,200.07. It was the worst of days for stocks last session and the
assumed catalyst for the negativity seems to stem from the initial jobless
claims. The report from the Labor Department was weaker than what many had been
expecting and this caused worries to increase in anticipation of todays nonfarm
payrolls and unemployment report. In addition to worry regarding this report,
anxieties are on the rise on Wall Street relevant to eurozone debt problems that
ultimately overflow and negatively affect the U.S. via global marketplace
relationships. For today though, most eyes and ears will be anxiously awaiting
the payroll and unemployment reports. Frank Matto
Bank of America MSN Money Stock Quotes DJIA Index DJX DJI Today Investing News Stock Dow Jones Review
A major drop was observed with the primary stock market composites during the
last session. The DJIA moved significantly lower as did the Nasdaq and the S&P
500 indices. The Labor Department posted initial jobless claims yesterday and
this data was weaker than most had hoped to see. The report revealed that a
significant number of Americans remain unemployed. Approximately 400,000
Americans are among the ranks of the unemployed. This news only heightened
anxieties building in anticipation of todays jobs and unemployment data
scheduled to post. Negative economic posts have been building over the past week
and they are applying negative pressure to the major stock indices. The Dow
Jones finished the last day lower by 4.31 percent or 512.76 and closed at
11,383.68. The Nasdaq finished lower by 5.08 percent or 136.68 to close at
2,556.39 and the S&P 500 finished lower by 4.78 percent or 60.27 points to close
at 1,200.07. Fears are growing over a potential double dip back into recessive
tendencies for the U.S. economy. Markets were already under intense pressure on
widespread worries stemming from the U.S. and oversees. Now, the pressure is
even more intense. Alongside the lower trends of the major indices, individual
companies felt the negative pressure as well. Bank of America closed the last
session lower according to MSN money stock quotes. BAC moved lower on the day by
7.44 percent and closed out at 8.83. The previous close for Bank of America was
9.54. Frank Matto
last session. The DJIA moved significantly lower as did the Nasdaq and the S&P
500 indices. The Labor Department posted initial jobless claims yesterday and
this data was weaker than most had hoped to see. The report revealed that a
significant number of Americans remain unemployed. Approximately 400,000
Americans are among the ranks of the unemployed. This news only heightened
anxieties building in anticipation of todays jobs and unemployment data
scheduled to post. Negative economic posts have been building over the past week
and they are applying negative pressure to the major stock indices. The Dow
Jones finished the last day lower by 4.31 percent or 512.76 and closed at
11,383.68. The Nasdaq finished lower by 5.08 percent or 136.68 to close at
2,556.39 and the S&P 500 finished lower by 4.78 percent or 60.27 points to close
at 1,200.07. Fears are growing over a potential double dip back into recessive
tendencies for the U.S. economy. Markets were already under intense pressure on
widespread worries stemming from the U.S. and oversees. Now, the pressure is
even more intense. Alongside the lower trends of the major indices, individual
companies felt the negative pressure as well. Bank of America closed the last
session lower according to MSN money stock quotes. BAC moved lower on the day by
7.44 percent and closed out at 8.83. The previous close for Bank of America was
9.54. Frank Matto
Randgold says Russia is one of last gold frontiers
Randgold says Russia is one of last gold frontiers MarketWatch - Aug 3, 2011 By
Alex MacDonald (Updates to add details about how Randgold would like to enter
Russia in the last two paragraphs.) LONDON -(MarketWatch)- Russia is one of the
last three big gold mining ... UPDATE 1-Randgold Q2 profit jumps 253 pct to
$128.4 mln - Reuters Randgold Ramps Up Production - Wall Street Journal
Bloomberg - TheStreet.com - Financial Times
Alex MacDonald (Updates to add details about how Randgold would like to enter
Russia in the last two paragraphs.) LONDON -(MarketWatch)- Russia is one of the
last three big gold mining ... UPDATE 1-Randgold Q2 profit jumps 253 pct to
$128.4 mln - Reuters Randgold Ramps Up Production - Wall Street Journal
Bloomberg - TheStreet.com - Financial Times
Top Gainers: (NYSE: EM), (NYSE: SWI), (NASDAQ: CGNX), (NASDAQ: GOLD), (NYSE: IO)
Top Gainers: (NYSE: EM), (NYSE: SWI), (NASDAQ: CGNX), (NASDAQ: GOLD), (NYSE:
IO) Tickr Watch - 15 hours ago Emdeon Inc. (NYSE: EM): traded higher by 13.91%
or $2.26/share to $18.51. In the past year, the shares have traded as low as
$9.95 and as high as $17.37. On average, 188839 shares of EM exchange ...
IO) Tickr Watch - 15 hours ago Emdeon Inc. (NYSE: EM): traded higher by 13.91%
or $2.26/share to $18.51. In the past year, the shares have traded as low as
$9.95 and as high as $17.37. On average, 188839 shares of EM exchange ...
All of the Inflationary Structure Driving Silver and Gold Prices Remains in Place, and is in Fact Kicking Into High Gear
Gold Price Close Today : 1656.20 Change : (7.20) or -0.4% Silver Price Close
Today : 39.418 Change : (2.329) or -5.6% Gold Silver Ratio Today : 42.02 Change
: 2.172 or 5.5% Silver Gold Ratio Today : 0.02380 Change : -0.001297 or -5.2%
Platinum Price Close Today : 1721.90 Change : -59.90 or -3.4% Palladium Price
Close Today : 745.50 Change : -50.00 or -6.3% S&P 500 : 1,200.07 Change : -60.27
or -4.8% Dow In GOLD$ : $142.09 Change : $ (5.74) or -3.9% Dow in GOLD oz :
6.873 Change : -0.278 or -3.9% Dow in SILVER oz : 288.79 Change : 3.83 or 1.3%
Dow Industrial : 11,383.68 Change : -512.76 or -4.3% US Dollar Index : 75.24
Change : 1.197 or 1.6% Answer to yesterday's question about PLATINUM and
PALLADIUM is, they dropped when SILVER rose because they were warning us a day
of carnage, chaos, and confusion was coming. Obscuring for the nonce my
negligence in not paying closer attention to Platinum and Palladium. The
PLATINUM PRICE peaked 1 May and has been trending down since. Today's fall
nearly carried to the previous low at 1,666.20. Momentum now firmly down.
Horrible chart. the PALLADIUM PRICE worse. Dropped in 4 days from 850.20 to
745.50, smashing through 50 dma and 200 dma (759.47) today like throwing rocks
thru a schoolhouse window. Yes, it made higher highs after the May 1 high, but
it will be a LONG time recovering from this wound. None of that speaks
particularly comforting words for SILVER and GOLD . Under today's battering the
Gold Price held up very well. It was making new highs at 1,681.90 from 10 to
11:00, then about 11:45 the plug was pulled and it fell straight to $1,637.60 by
12:30 before it rallied. Comex closed down only 7.20 at $1,656.20. In the
aftermarket it's trading now at 1,648.60, clearly NOT a panic out of GOLD .
Watch that $1,640 mark. If this befuzzled market intends to whipsaw again, the
Gold Price won't drop much below that. On the other hand, a stiffer decline will
carry gold down to $1,605, the MUST HOLD line. Looking at the one year chart,
today probably marked a significant reversal that may eventually reached the 50
dma (1,558.26). I'm not predicting that, because gold could also catch around
$1,620 or even $1,605, but you have to look all the possibilities in the eye or
you'll spend all your time surprised and puking in the wastebasket. SILVER'S
range today from its 4224c high to its 3941.8c low was -- ready? -- 380.5c.
Pained groan the Silver Price was rocking along just fine above 4160c, until
11:30 when somebody turned on the waterfall, clean down to 3850c by 1:30. Comex
staggered up to 3941.8, down a monstrous 232.9c, but the aftermarket shaved off
another 50c to 3888.5c. The fall below 3900c support (and thru the 20 dma at
3928c) shouts that lower prices will follow, most likely to the 200 dma at
3359c. Don't forget that must be confirmed tomorrow by a lower close (he mumbled
to hedge his forecast). Most insistent indicator of lower Silver Prices is the
gold/silver ratio jumping 5.4% today to 42.016. Ratio high so far (since May 1)
has been about 44.8. Break above that should bring the opportunity we have
longed for to swap gold for silver. See, every dark cloud has a silver lining.
LONG TERM -- Step back from the day's panic and lift your eyes to yon horizon.
NOTHING HAS CHANGED. All of the inflationary structure driving silver and Gold
Prices remains in place, and is in fact kicking into high gear -- witness
Trichet's clichés today. Today only proves once again what I have long warned:
you must take up your positions in good time, BEFORE panic seizes the herd.
That's another reason to buy silver and gold in an ever-changing world. Markets
world wide are panicking. The US 10 year treasury note yield has sluiced over
the cliff in a waterfall from 29 to 24.58 today. Why is the yield rising?
Because the price of the 10 year note is rocketing as people pile into US
treasury debt for "safety." How ironic is THAT? No sign of a let up yet. You are
watching a classic panic, a "flight to quality" as investors dump everything for
what they can get and run for the exits. Stocks began to plunge in Europe, where
the European bank stock index dropped by 4.2% on fears of the banks exposure to
sovereign debt of Italy and Spain and Ireland. European Central Bank head
Trichet tried to calm markets by offering banks "unlimited money for six months
and extended liquidity measures." Poor feller! In this case his "solution" only
confirmed the problem, feeding the panic. As Apollo and his sunny chariot flew
west, they carried contagious fear. US bank stocks plunged like your wife's
wedding ring down the kitchen sink drain: Bank of America fell 7.4%, JP Morgan
5%, Citigroup 6.6%. Trichet's action shows up central banking for the toothless
dog it really is. When a panic bites, central banks have only two weapons, and
never forget this: LIQUIDITY and BLARNEY. Trichet was firing off both cannons
today. They add liquidity to the market by creating more money, and they trot
out their "experts" to assure the sheep that those aren't really wolves circling
the flock. They will trot out Trichet, Sarcophagus, Merkel, etc., then the
Bernancubus, O'Bama, and maybe even Warren "Eat At My" Buffet, if things get
really bad. Blarney will cover the floor ankle deep, and ooze out the door. But
in the end, if the sheep don't buy it, they will stampede in panic. This reminds
me a whole lot of August 2008. Stocks just sank out of sight in their worst fall
since the Great Panic of Fall 2008, down 512.76 or 4.31% to 11,383.68. S&P
scored even worse, down 60.27 (4.78%) to 1,200.07. Huge falls, huge damage. Look
for the Dow at 10,700, maybe lower if Liquidity and Blarney don't take. Stocks
today taught you that they are the investment equivalent of blasting caps and
dynamite and why you shouldn't play with them. Just to rub in how reliable the
Dow In Gold Dollars really is, I note that it sank to G$142.09 (6.873 oz). The
DiG$ said stocks would fall against gold, and mercy! did they! US dollar index
gained while the euro bled on the ground. Dollar index rose a massive 119.7
basis points or 1.545% to 75.241. Reckon y'all believe me now about the euro and
the dollar's coming rally. Meseemeth it hath arrived. Euro dropped a modest
1.61% today to close at 1.4096. Next target is 200 dma at 1.3941, then maybe
1.2000 again. Nice Government Men in Japan got tired of fooling around with the
yen and took a samurai sword to it today. Listen: yen dropped an unheard of
2.60% to Y79/$ (126.43c/Y100). From near its all-time high at 130, dropped clean
thru the 20 DMA to the 50 DMA. They mean business. Europe, you keep that panic
in your own back yard. No room for refugees in the yen! On 4 August 2011 a New
York jury acquitted John Peter Zenger of seditious libel for reporting the truth
about the royal New York governor in his New York Weekly Journal. This is widely
touted as the beginning of "freedom of the press," but today we know that the
press is not free if you don't own one, and if you do, you can lie all you want.
More than a victory for freedom of the press, it was a victory for the rights of
juries. In the teeth of the law and politics, the jury refused to convict on
grounds that the truth cannot be libelous, regardless what the law says. Now if
you are ever picked for jury duty, SHAME on you if you dodge it, for you may be
forsaking some poor innocent soul who needs your help. Not for naught is the
jury called "the palladium of liberty," for far more than some ghostly freedom
of the press, the jury is the most powerful body in American law. One single
juryman dissenting means NO CONVICTION, and that juryman cannot be held
accountable for his vote (barring malfeasance such as bribing). A single brave
juryman can end government oppression, stop it cold! People blather about the
constitution and our 3-branched government without understanding how suspicious
our founders were of governments and their readiness to abuse power. HOGWASH.
They knew better than to trust their liberty to elected officials and their
truckling hirelings. They established a FIVE branched government, with two last
ramparts OF THE PEOPLE against oppression. There's the grand jury, which can
refuse to indict although it has today been usurped by tyrannical prosecutors to
be the government's tart. Yet even if the grand jury is highjacked, the founders
left you the shield of liberty, the trial jury, who are regardless what any
lying judge tells you to the contrary, the absolute judge of both facts AND LAW.
Thank God for the brave John Peter Zenger, but thank him more zealously for the
brave jury that acquitted him! Argentum et aurum comparenda sunt -- -- Gold and
silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com
© 2011, The Moneychanger. May not be republished in any form, including
electronically, without our express permission. To avoid confusion, please
remember that the comments above have a very short time horizon. Always invest
with the primary trend. Gold's primary trend is up, targeting at least
$3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66;
stocks' primary trend is down, targeting Dow under 2,900 and worth only one
ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in
a bubble, primary trend way down. Whenever I write "Stay out of stocks" readers
inevitably ask, "Do you mean precious metals mining stocks, too?" No, I don't.
Be advised and warned: Do NOT use these commentaries to trade futures contracts.
I don't intend them for that or write them with that outlook. I write them for
long-term investors in physical metals. Take them as entertainment, but not as a
timing service for futures.
Today : 39.418 Change : (2.329) or -5.6% Gold Silver Ratio Today : 42.02 Change
: 2.172 or 5.5% Silver Gold Ratio Today : 0.02380 Change : -0.001297 or -5.2%
Platinum Price Close Today : 1721.90 Change : -59.90 or -3.4% Palladium Price
Close Today : 745.50 Change : -50.00 or -6.3% S&P 500 : 1,200.07 Change : -60.27
or -4.8% Dow In GOLD$ : $142.09 Change : $ (5.74) or -3.9% Dow in GOLD oz :
6.873 Change : -0.278 or -3.9% Dow in SILVER oz : 288.79 Change : 3.83 or 1.3%
Dow Industrial : 11,383.68 Change : -512.76 or -4.3% US Dollar Index : 75.24
Change : 1.197 or 1.6% Answer to yesterday's question about PLATINUM and
PALLADIUM is, they dropped when SILVER rose because they were warning us a day
of carnage, chaos, and confusion was coming. Obscuring for the nonce my
negligence in not paying closer attention to Platinum and Palladium. The
PLATINUM PRICE peaked 1 May and has been trending down since. Today's fall
nearly carried to the previous low at 1,666.20. Momentum now firmly down.
Horrible chart. the PALLADIUM PRICE worse. Dropped in 4 days from 850.20 to
745.50, smashing through 50 dma and 200 dma (759.47) today like throwing rocks
thru a schoolhouse window. Yes, it made higher highs after the May 1 high, but
it will be a LONG time recovering from this wound. None of that speaks
particularly comforting words for SILVER and GOLD . Under today's battering the
Gold Price held up very well. It was making new highs at 1,681.90 from 10 to
11:00, then about 11:45 the plug was pulled and it fell straight to $1,637.60 by
12:30 before it rallied. Comex closed down only 7.20 at $1,656.20. In the
aftermarket it's trading now at 1,648.60, clearly NOT a panic out of GOLD .
Watch that $1,640 mark. If this befuzzled market intends to whipsaw again, the
Gold Price won't drop much below that. On the other hand, a stiffer decline will
carry gold down to $1,605, the MUST HOLD line. Looking at the one year chart,
today probably marked a significant reversal that may eventually reached the 50
dma (1,558.26). I'm not predicting that, because gold could also catch around
$1,620 or even $1,605, but you have to look all the possibilities in the eye or
you'll spend all your time surprised and puking in the wastebasket. SILVER'S
range today from its 4224c high to its 3941.8c low was -- ready? -- 380.5c.
Pained groan the Silver Price was rocking along just fine above 4160c, until
11:30 when somebody turned on the waterfall, clean down to 3850c by 1:30. Comex
staggered up to 3941.8, down a monstrous 232.9c, but the aftermarket shaved off
another 50c to 3888.5c. The fall below 3900c support (and thru the 20 dma at
3928c) shouts that lower prices will follow, most likely to the 200 dma at
3359c. Don't forget that must be confirmed tomorrow by a lower close (he mumbled
to hedge his forecast). Most insistent indicator of lower Silver Prices is the
gold/silver ratio jumping 5.4% today to 42.016. Ratio high so far (since May 1)
has been about 44.8. Break above that should bring the opportunity we have
longed for to swap gold for silver. See, every dark cloud has a silver lining.
LONG TERM -- Step back from the day's panic and lift your eyes to yon horizon.
NOTHING HAS CHANGED. All of the inflationary structure driving silver and Gold
Prices remains in place, and is in fact kicking into high gear -- witness
Trichet's clichés today. Today only proves once again what I have long warned:
you must take up your positions in good time, BEFORE panic seizes the herd.
That's another reason to buy silver and gold in an ever-changing world. Markets
world wide are panicking. The US 10 year treasury note yield has sluiced over
the cliff in a waterfall from 29 to 24.58 today. Why is the yield rising?
Because the price of the 10 year note is rocketing as people pile into US
treasury debt for "safety." How ironic is THAT? No sign of a let up yet. You are
watching a classic panic, a "flight to quality" as investors dump everything for
what they can get and run for the exits. Stocks began to plunge in Europe, where
the European bank stock index dropped by 4.2% on fears of the banks exposure to
sovereign debt of Italy and Spain and Ireland. European Central Bank head
Trichet tried to calm markets by offering banks "unlimited money for six months
and extended liquidity measures." Poor feller! In this case his "solution" only
confirmed the problem, feeding the panic. As Apollo and his sunny chariot flew
west, they carried contagious fear. US bank stocks plunged like your wife's
wedding ring down the kitchen sink drain: Bank of America fell 7.4%, JP Morgan
5%, Citigroup 6.6%. Trichet's action shows up central banking for the toothless
dog it really is. When a panic bites, central banks have only two weapons, and
never forget this: LIQUIDITY and BLARNEY. Trichet was firing off both cannons
today. They add liquidity to the market by creating more money, and they trot
out their "experts" to assure the sheep that those aren't really wolves circling
the flock. They will trot out Trichet, Sarcophagus, Merkel, etc., then the
Bernancubus, O'Bama, and maybe even Warren "Eat At My" Buffet, if things get
really bad. Blarney will cover the floor ankle deep, and ooze out the door. But
in the end, if the sheep don't buy it, they will stampede in panic. This reminds
me a whole lot of August 2008. Stocks just sank out of sight in their worst fall
since the Great Panic of Fall 2008, down 512.76 or 4.31% to 11,383.68. S&P
scored even worse, down 60.27 (4.78%) to 1,200.07. Huge falls, huge damage. Look
for the Dow at 10,700, maybe lower if Liquidity and Blarney don't take. Stocks
today taught you that they are the investment equivalent of blasting caps and
dynamite and why you shouldn't play with them. Just to rub in how reliable the
Dow In Gold Dollars really is, I note that it sank to G$142.09 (6.873 oz). The
DiG$ said stocks would fall against gold, and mercy! did they! US dollar index
gained while the euro bled on the ground. Dollar index rose a massive 119.7
basis points or 1.545% to 75.241. Reckon y'all believe me now about the euro and
the dollar's coming rally. Meseemeth it hath arrived. Euro dropped a modest
1.61% today to close at 1.4096. Next target is 200 dma at 1.3941, then maybe
1.2000 again. Nice Government Men in Japan got tired of fooling around with the
yen and took a samurai sword to it today. Listen: yen dropped an unheard of
2.60% to Y79/$ (126.43c/Y100). From near its all-time high at 130, dropped clean
thru the 20 DMA to the 50 DMA. They mean business. Europe, you keep that panic
in your own back yard. No room for refugees in the yen! On 4 August 2011 a New
York jury acquitted John Peter Zenger of seditious libel for reporting the truth
about the royal New York governor in his New York Weekly Journal. This is widely
touted as the beginning of "freedom of the press," but today we know that the
press is not free if you don't own one, and if you do, you can lie all you want.
More than a victory for freedom of the press, it was a victory for the rights of
juries. In the teeth of the law and politics, the jury refused to convict on
grounds that the truth cannot be libelous, regardless what the law says. Now if
you are ever picked for jury duty, SHAME on you if you dodge it, for you may be
forsaking some poor innocent soul who needs your help. Not for naught is the
jury called "the palladium of liberty," for far more than some ghostly freedom
of the press, the jury is the most powerful body in American law. One single
juryman dissenting means NO CONVICTION, and that juryman cannot be held
accountable for his vote (barring malfeasance such as bribing). A single brave
juryman can end government oppression, stop it cold! People blather about the
constitution and our 3-branched government without understanding how suspicious
our founders were of governments and their readiness to abuse power. HOGWASH.
They knew better than to trust their liberty to elected officials and their
truckling hirelings. They established a FIVE branched government, with two last
ramparts OF THE PEOPLE against oppression. There's the grand jury, which can
refuse to indict although it has today been usurped by tyrannical prosecutors to
be the government's tart. Yet even if the grand jury is highjacked, the founders
left you the shield of liberty, the trial jury, who are regardless what any
lying judge tells you to the contrary, the absolute judge of both facts AND LAW.
Thank God for the brave John Peter Zenger, but thank him more zealously for the
brave jury that acquitted him! Argentum et aurum comparenda sunt -- -- Gold and
silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com
© 2011, The Moneychanger. May not be republished in any form, including
electronically, without our express permission. To avoid confusion, please
remember that the comments above have a very short time horizon. Always invest
with the primary trend. Gold's primary trend is up, targeting at least
$3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66;
stocks' primary trend is down, targeting Dow under 2,900 and worth only one
ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in
a bubble, primary trend way down. Whenever I write "Stay out of stocks" readers
inevitably ask, "Do you mean precious metals mining stocks, too?" No, I don't.
Be advised and warned: Do NOT use these commentaries to trade futures contracts.
I don't intend them for that or write them with that outlook. I write them for
long-term investors in physical metals. Take them as entertainment, but not as a
timing service for futures.
ebay MSN Money Stock Quotes DJIA index djx stock market today investing news mid-day
XCSFDHG46767FHJHJF
dow2664 The DJIA is trending in the red as of the halfway point in the trading session today and ebay inc stock is posting values in the red as well. Ebay stock is moving below breakeven at mid-day as it feels the pressure that the majority of the market place is being affected by right now. The Dow Jones posted a slight rebound yesterday, but this positive action was short-lived. Prior to the rebound last session, the DJIA had closed out on the negative side of break-even for eight straight trading sessions and is back in the red today. Stock index composites are being pressured negatively by the slew of economic reports that have posted recently skewed towards the negative. Initial jobless claims posted today and were generally flat. The ADP report yesterday revealed a drop in jobs numbers in July over June’s numbers. The manufacturing report earlier this week was weak and the GDP post last Friday was weaker than expected as well. The pressure is hurting the market broadly, but individual companies are felling the pressure as well. Ebay stock is in the red at the halfway point today. According to MSN money, ebay inc. is trending in the red right now by 5.12 percent or negative 1.65 at 30.60. Previous close for ebay was 32.25. Frank Matto
Apple Inc. (NASDAQ:AAPL) To Release New iTunes Product
XCSFDHG46767FHJHJF
tdp2664 E money daily It has been rumored that Apple Inc. (NASDAQ:AAPL) will release an iTunes replay service. Apple Inc. (NASDAQ:AAPL) To Release New iTunes Product Although the Mac Maker has not yet revealed any such plans, reports from sources close to the company say that Apple Inc. (NASDAQ:AAPL) is seriously considering such a platform, and a full-on-re-downloading feature is almost ready. It was reported that the new service will allow users to re-download and stream TV shows they have previously purchased and accidentally deleted or lost with some hardware issues. Apple Inc. (NASDAQ:AAPL) shares were at 385.21 at the end of the last day’s trading. There’s been a 11.7% movement in the stock price over the past 3 months. Apple Inc. (NASDAQ:AAPL) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.22 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.22 Zack’s Rank: 1 out of 2 in the industry
Google Inc. (NASDAQ:GOOG) Expanding Calls Product
XCSFDHG46767FHJHJF
tdp2664 E money daily Google Inc. (NASDAQ:GOOG) voice calling has been translated into 38 languages. Google Inc. (NASDAQ:GOOG) Expanding Calls Product Since the debut of Google Inc. (NASDAQ:GOOG)+, the search major has been having a very positive response from the market, and the latest update, the expansion of telephony services from the company to 38 languages, is a part of the strategy to dominate IP communication technology as well. Although the service had been around for a while, it was not available everywhere and had some limitations in language support, which have now been updated. Google Inc. (NASDAQ:GOOG) stocks were at 589.02 at the end of the last day’s trading. There’s been a 11.0% movement in the stock price over the past 3 months. Google Inc. (NASDAQ:GOOG) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.25 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.27 Zack’s Rank: 4 out of 31 in the industry
Todays gold prices silver prices per ounce Spot gold price per gram spot silver price per kilo dji gold silver Mid-Day
XCSFDHG46767FHJHJF
dow2664 Gold and silver contracts are moving in positive territory today. Gold price per ounce moved higher as did silver price per ounce. The DJI was falling into the red today just one day after finding green to close out the last trading session. The major stock index composites were posting negative as the halfway point in the trading session approached this day. Negative pressure was being applied to stocks as economic posts in the U.S. continue to skew negative. In addition to worries in the U.S., global concerns are causing apprehensions to arise in the minds of investors. The eurozone debt problems are attracting more attention and applying negative pressure to the major stock indices. As stocks sell off and drop lower, safe havens are increasing in popularity. This was evident in the marketplace today as contract gold and silver moved higher. Spot gold and spot silver prices moved in a positive direction today as well. As mid-day neared, contract gold for December delivery was posting positive by 14.30 at 1680 per troy ounce. Contract silver was posting positive by .23 at 41.99 per troy ounce. Spot gold price per gram was green by .49 at 53.97 and spot gold price per kilo was green by 489.33 at 53968.89. Spot silver price per kilo was higher by 9.42 at 1351.62 and spot silver price per ounce was higher by .29 at 42.04. Camillo Zucari
DJIA Dow Jones Index DJX DJI Stock Market Todays Stocks Nasdaq S&P 500 Investing News Mid-Day
XCSFDHG46767FHJHJF
dow2664 One day after posting a rebound across the board, the major stock index composites are posting in the red. The DJIA fell below break even as did the Nasdaq and the S&P 500 indices. Jobless claims posted today and came in weaker than what many were hoping to observe, but about as good as most expected. This post did nothing to reduce the anxieties that investors have been feeling regarding the state of the economic recovery in the U.S. The negative economic posts have been adding up this week and this action is sending stocks spiraling downward. Specifically, the Labor Department posted news today that the weekly initial jobless claims fell by 1,000 to 400,000 in the week ended July 30. Jobless claims data remained generally flat. The ADP report posted earlier this week as well and posted that companies added only 114,000 jobs in July which was down by about 30,000 from Junes numbers. These marks will do little to provide that catalyst for a positive stock trend turn around and current eurozone debt worries are creeping back into the investor psyche as well. As the trading session approached mid-day, the major index composites in the U.S. were negative. The Dow was lower by 1.63 percent at 11,702.76. The Nasdaq was lower by 2.22 percent at 2,633.16 and the S&P 500 was lower by 1.92 percent at 1,236.20. Frank Matto
Google Alert - antiques coin
| ||
| Art Treasure at Risk of Meltdown on Record Prices for Gold, Silver ... Bloomberg A plastic dustbin of antique silver is ready for melting at the metal merchants ... managing director of the London-based coin dealers AH Baldwin & Sons, ... |
Tip: Use a plus sign (+) to match a term in your query exactly as is. Learn more.
Remove this alert.
Create another alert.
Manage your alerts.
Flattening of US Yield Curve Will Prompt Fed Easing, Push Gold to $1,800
XCSFDHG46767FHJHJF
gol2664 Negocioenlinea Flattening of US Yield Curve Will Prompt Fed Easing, Push Gold to $1,800 Minyanville.com – 4 hours ago By Sam Kirtley Aug 04, 2011 12:45 pm With more weak jobs data expected soon, the Fed will be under pressure to take monetary action. Whichever course it chooses will be hugely bullish for gold …
PS Vita Delay Gives Sony Time to Strategize Against Apple
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Sony ‘s (NYSE: SNE ) video game business could use a booster. The company had a tumultuous second quarter following the high-profile hack of the PlayStation Network , its online gaming network and community on the PlayStation 3 and PlayStation Portable game consoles. While the security breach didn’t cost the company the billions some expected it to, the loss of consumer confidence did translate to poor console sales. Sony sold just below 2 million PlayStation 3s in the second quarter, down from close to 2.5 million during the same period in 2010. The company suffered a net loss of nearly $200 million and could use a major new product to spice up sales in the back half of the year. Its new portable device, the PlayStation Vita, fits the bill nicely as one of late 2011′s biggest gadgets . That is, it would if it were coming out this year. Sony executive vice president Kaz Hirai confirmed in an Associated Press report Thursday that the PlayStation Vita won’t arrive in Europe or the U.S. until 2012. It still will release in Japan before the calendar year is out, but Hirai said his company wants to make sure the device has a solid lineup of games to release alongside the system. As much as delaying Vita into the next year might hurt Sony’s potential for success during the holiday season, they’re wise to push back the device’s release. Nintendo ‘s (PINK: NTDOY ) new portable device, the Nintendo 3DS, demonstrated handily how devastating a mediocre selection of games can be when a gaming machine is first released. The 3DS sold so poorly during the past quarter that Nintendo was forced to drop the price of the machine from $250 to $170 not even five months after it hit the market. A 2012 release for Vita means more than just a stronger selection of games for Sony, though. Nintendo’s failure with the 3DS has given Sony a clear test case of how not to sell a devoted portable gaming machine in a market ruled by multipurpose portables like Apple ‘s (NASDAQ: AAPL ) iPhone. The iPhone and Google (NASDAQ: GOOG ) Android phones have created a market where consumers are only willing to spend a few dollars on portable video games, compared to the $40 titles sold at retail on the 3DS and eventually on the Vita. Sony already has gone out of its way to make the Vita a device that caters to all audiences. The device plays both the sort of high-definition titles with traditional controls that typify home consoles like Microsoft ‘s (NASDAQ: MSFT ) Xbox 360 and the PlayStation 3, as well as the simple, downloadable, touchscreen-based titles that have turned Apple’s App Store into such a financial powerhouse. The Vita was priced at $250 ($300 for a 3G-equipped model supported by AT&T (NYSE: T ), putting it in the range of Apple’s family-friendly iPod Touch line, but given how Nintendo struggled at that price point, Sony now has time to reassess how it enters the market. Even with the delay, it’s possible the consumer market has simply left behind devoted handheld gaming machines and Sony’s Vita will struggle no matter what. Right now, though, the delay is a sound strategy, even if Sony needs a big win in the back half of 2011. As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at
You’re Dunkin’ Into Perilous IPO Territory
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace The last week of July was arguably the busiest week for IPO offerings since November 2007. It seems investors let their stomachs do the walking, as Dunkin’ Brands (NASDAQ: DNKN ), Teavana Holdings (NYSE: TEA ) and Chef's Warehouse (NASDAQ: CHEF ) all went public, averaging a whopping 42.3% first-day return. It's mind-boggling when you consider the markets are flat for the year. Who in their right minds is buying this stuff? Not me, that's for sure. Especially puzzling is Dunkin’ Brands, which hasn't been a growth story for several years, yet investors were willing to plunk down $19 per share for a business with excessive debt and marginal possibilities for growth. If you were lucky enough to have gotten shares at $19, I hope you've sold because in 12 to 24 months, Dunkin's stock will be trading well below the offering price. Here's why: Valuation A lot's been bandied about in the media regarding Dunkin's IPO valuation. At the IPO price of $19, the market gave it an enterprise value of $3.7 billion. A week later, thanks to its 46.6% first-day pop, that number is more like $4.6 billion. That's 16 times EBITDA. McDonald's (NYSE: MCD ) and Starbucks (NASDAQ: SBUX ) have multiples of 10.9 and 13.6, respectively. Dunkin is in the ballpark until you consider that its debt level when compared to EBITDA is four times McDonald's and 20 times Starbucks. It's not even close to being in the same league. But forget traditional valuation metrics for a moment. I'd like to look at the current value from a different perspective — a historical one. J. Lyons & Company bought Baskin-Robbins for $45.5 million in 1973. Allied Breweries subsequently acquired Lyons in 1978, then in 1990, the merged firm bought Dunkin’ Donuts for $323 million. Factoring in inflation, the two companies sold for $706 million in 2006 dollars. I use the year 2006 because that is when Bain Capital, The Carlyle Group and Thomas H. Lee Partners paid $2.4 billion to acquire the iconic brands. Is it possible that its enterprise value could grow from $706 million in 1990 to $4.6 billion today, given its earnings history? To do so, its enterprise value would have to increase 8.9% annually for 22 consecutive years. Keep in mind the S&P 500 returned 6.2% annually in the same period. I'm skeptical, and you should be, too. Second-quarter results Let's assume for one second that Dunkin's enterprise value did grow 9% annually during the past two decades. If that is indeed so, its second-quarter earnings report is nothing short of horrendous. You don't grow a business at that rate for that long without delivering exceptional results every quarter. Sure, revenues increased 4.4% to $157 million, but net profits dropped 3.5% to $24.7 million. That's hardly bedazzling. Worse is the fact its same-store sales at U.S. Dunkin’ outlets, the supposed growth driver, increased 3.8%, less than half what Starbucks did in the same three-month period. And don't get me started about Baskin-Robbins. Have you been in one of their outlets lately? Save yourself the misery and head to the local gelato store. That business is on life support. The Three Amigos It all makes sense when you consider who the sponsors of the IPO are. Private equity's sole purpose is to make money for its investors. You've heard the story before. They buy a company for $2.4 billion, use as little of their own money as possible (in this case, $800 million) pay themselves lavish dividends of $590 million prior to the IPO and then, in the immortal words of Randolph Duke, "Sell, Sell, Sell." Have they improved the business? Not on your life. You can be sure that the debt, while it was owned by Allied-Lyons, was negligible, and now it's $1.5 billion. In the five years they've owned Dunkin’ Brands, same-store sales have increased 1.1% annually. In the five years prior to their takeover, the average was 5.9%. While they'll argue they bought the company at the worst possible time, I'd argue it wasn't a problem of timing but rather the price paid, fueled by easily obtained debt securitization . The bottom line? You don't have to be a rocket scientist to know Dunkin’ Brands' stock is a ticking time bomb. Own with extreme caution.
Randgold Resources leads just four gainers on FTSE 100
XCSFDHG46767FHJHJF
gol2664 Negocioenlinea Randgold Resources leads just four gainers on FTSE 100 Finance Markets – 3 hours ago by Elaine Frei Equities markets were significantly lower in Europe Thursday on expanding concerns that the economic recovery is slowing globally. The Bank of England and the European Central Bank …
Analyst Actions on Chinese Stocks: ASIA, CEO, CHL, CHU, CTRP, FMCN, FSIN, HOGS … (Aug 4, 2011)
XCSFDHG46767FHJHJF
tdp2664 China Analyst Below are the latest
Google Inc. (NASDAQ:GOOG) Expanding Calls Product
Google Inc. (NASDAQ:GOOG) voice calling has been translated into 38 languages.
Google Inc. (NASDAQ:GOOG) Expanding Calls Product Since the debut of Google Inc.
(NASDAQ:GOOG)+, the search major has been having a very positive response from
the market, and the latest update, the expansion of telephony services from the
company to 38 languages, is a part of the strategy to dominate IP communication
technology as well. Although the service had been around for a while, it was not
available everywhere and had some limitations in language support, which have
now been updated. Google Inc. (NASDAQ:GOOG) stocks were at 589.02 at the end of
the last days trading. Theres been a 11.0% movement in the stock price over the
past 3 months. Google Inc. (NASDAQ:GOOG) Analyst Advice Consensus Opinion:
Moderate Buy Mean recommendation: 1.25 (1=Strong Buy, 5=Strong Sell) 3 Months
Ago: 1.27 Zacks Rank: 4 out of 31 in the industry
Google Inc. (NASDAQ:GOOG) Expanding Calls Product Since the debut of Google Inc.
(NASDAQ:GOOG)+, the search major has been having a very positive response from
the market, and the latest update, the expansion of telephony services from the
company to 38 languages, is a part of the strategy to dominate IP communication
technology as well. Although the service had been around for a while, it was not
available everywhere and had some limitations in language support, which have
now been updated. Google Inc. (NASDAQ:GOOG) stocks were at 589.02 at the end of
the last days trading. Theres been a 11.0% movement in the stock price over the
past 3 months. Google Inc. (NASDAQ:GOOG) Analyst Advice Consensus Opinion:
Moderate Buy Mean recommendation: 1.25 (1=Strong Buy, 5=Strong Sell) 3 Months
Ago: 1.27 Zacks Rank: 4 out of 31 in the industry
Apple Inc. (NASDAQ:AAPL) To Release New iTunes Product
It has been rumored that Apple Inc. (NASDAQ:AAPL) will release an iTunes replay
service. Apple Inc. (NASDAQ:AAPL) To Release New iTunes Product Although the Mac
Maker has not yet revealed any such plans, reports from sources close to the
company say that Apple Inc. (NASDAQ:AAPL) is seriously considering such a
platform, and a full-on-re-downloading feature is almost ready. It was reported
that the new service will allow users to re-download and stream TV shows they
have previously purchased and accidentally deleted or lost with some hardware
issues. Apple Inc. (NASDAQ:AAPL) shares were at 385.21 at the end of the last
days trading. Theres been a 11.7% movement in the stock price over the past 3
months. Apple Inc. (NASDAQ:AAPL) Analyst Advice Consensus Opinion: Moderate Buy
Mean recommendation: 1.22 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.22 Zacks
Rank: 1 out of 2 in the industry
service. Apple Inc. (NASDAQ:AAPL) To Release New iTunes Product Although the Mac
Maker has not yet revealed any such plans, reports from sources close to the
company say that Apple Inc. (NASDAQ:AAPL) is seriously considering such a
platform, and a full-on-re-downloading feature is almost ready. It was reported
that the new service will allow users to re-download and stream TV shows they
have previously purchased and accidentally deleted or lost with some hardware
issues. Apple Inc. (NASDAQ:AAPL) shares were at 385.21 at the end of the last
days trading. Theres been a 11.7% movement in the stock price over the past 3
months. Apple Inc. (NASDAQ:AAPL) Analyst Advice Consensus Opinion: Moderate Buy
Mean recommendation: 1.22 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.22 Zacks
Rank: 1 out of 2 in the industry
The Gold Price has Traced Out a Giant W on its Chart, With a Double Bottom at Roughly $1,580 - $1,585
Gold Price Close Today : 1,601.30 Gold Price Close 15-Jul : 1,589.80 Change :
11.50 or 0.7% Silver Price Close Today : 4011.3 Silver Price Close 15-Jul :
3906.3 Change : 105.00 or 2.7% Gold Silver Ratio Today : 39.920 Gold Silver
Ratio 15-Jul : 40.698 Change : -0.78 or -1.9% Silver Gold Ratio : 0.02505 Silver
Gold Ratio 15-Jul : 0.02457 Change : 0.00048 or 2.0% Dow in Gold Dollars : $
163.71 Dow in Gold Dollars 15-Jul : $ 162.25 Change : $ 1.45 or 0.9% Dow in Gold
Ounces : 7.919 Dow in Gold Ounces 15-Jul : 7.849 Change : 0.07 or 0.9% Dow in
Silver Ounces : 316.14 Dow in Silver Ounces 15-Jul : 319.44 Change : -3.30 or
-1.0% Dow Industrial : 12,681.16 Dow Industrial 15-Jul : 12,478.21 Change :
202.95 or 1.6% S&P 500 : 1,345.02 S&P 500 15-Jul : 1,315.79 Change : 29.23 or
2.2% US Dollar Index : 74.224 US Dollar Index 15-Jul : 75.140 Change : -0.916 or
-1.2% Platinum Price Close Today : 1,795.40 Platinum Price Close 15-Jul :
1,760.30 Change : 35.10 or 2.0% Palladium Price Close Today : 806.95 Palladium
Price Close 15-Jul : 782.35 Change : 24.60 or 3.1% Let numbers speak, not
opinions, ratiocinations, and interpretations. Through all the up and down,
silver and gold held their ground gained this week. Stocks added a little, while
the dollar fell. Platinum gained 2% and palladium with +3.1% was the big gainer
for the week. Now come the opinions, ratiocination, interpretations, and wild
guesses. Tuesday, Wednesday, Thursday, and today the Gold Price has traced out a
giant W on its chart, with a double bottom at roughly $1,580 - $1,585. If
anybody still thought he could parse this market, he was handed his head again
today. After the European bail out was announced, the Gold Price fell to $1,585.
Pressure of Greek default removed, bailout arranged ought to have eased demand
for gold, right? Wrong. Came roaring back today, up $14.50 to $1,601.30 on Comex
and an intraday high at $1,607. What else can you say but, "The Gold Price will
move higher next week." It will break through $1,607 and keep on going, since it
refused to break down when the euro deal was announced. Here's an intriguing
tidbit. Soon there will be no gold coins that sell for less than $100. There's
the Mexican two pesos (0.0482 oz) for about $78 and the Mex 2-1/2 pesos (0.0603)
for $97. If they were available, the old US $1 gold pieces (0.048375) would cost
about $78. When that $1.00 gold piece reaches $100, that is, 1/100th of the
paper dollar's 1913 value, gold will stand at $2,067.18, a mere 29% above its
present value. Silver's spike bottom on Wednesday marked the beginning of
another uptrend, or at least yesterday's and today's lows were higher than
Wednesday. The Silver Price was stymied by 4025c today, but refused to sink
lower than 3889c. Comex gained a staggering 117.6c to close Comex at 4011.3c,
over 4000c again. Standing in the way is resistance just under 4100c. Once the
Silver Price crosses that, y'all must bear in mind, virtually no resistance
appears before the last high at 4982c. Meanwhile the 20 DMA (3682c) crossed
above the 50 DMA (3633c) and other momentum indicators have turned up. I have to
conclude the Silver Price will move higher next week. Yes, I know it's all out
of season and unexpected, but even against the tide of "good" news out of
Europe, silver and gold are determined to rise. Don't stand in their way,
they'll bruise you. The intraday Dow high at 12,754 was matched almost exactly
by yesterday's 12,751. Either that marked a double top whence the Dow will fall,
or it is merely pausing in a new rally. Favoring a rally is the Dow's position
above its 50 and 20 DMAs (12,343 and 12,465). Also the 20 DMA crossed above the
20 a week ago, turning the momentum up. So it can rise further still. Stocks
were confused today. Dow fell 43.25 to 12,681.16 while the S&P500 rose 1.22.
Last two days action on the daily chart is rolling over floorward. I've been
over and over stocks in my mind, and I just can't get around the gigantic facts.
In inflation adjusted terms, stocks have lost since 2000. In silver and gold
terms, they've lost more than 80%, with another 80% to go. I know there must be
some reason that people want to own stocks, I simply cannot imagine what it
might be. Stocks remain the Vanishing Creame in the Investment Make-up Cabinet.
Rub it in, your capital vanishes. Sobriety bit today after yesterday's drunken
enthusiasm over the Greek bail-out deal -- maybe I ought to call that a
"deal-ette", since it ain't much of a deal -- and the US dollar index rose 20.9
basis points to 74.224, up 0.27%. Doesn't help the technical damage dollar did
yesterday by falling through the uptrend line from May. Only question now is
which previous bottom will catch the dollar, 74.11, 73.50, or 72.70? Yesterday's
goose carried the euro only to the downtrend line, not thru, and today it gave a
chunk of that back. Closed 1.4372, down 0.37%. Remains barely above 50 and 20
DMAs, which are paralleling each other (1.4301 and 1.4273). Euro remains locked
in a downtrend, in spite of all the help the Nice Government Men and Benevolent
Central Bankers have given it. Japanese yen broke out upwards two weeks ago and
at yesterday's high of Y78.22/$ (127.85c/Y100) threatens the earthquake high at
128.79. BoJ NGM must be having three hissy fits. O, black day! On 22 July 1944
the Bretton Woods (New Hampshire) Conference created the International Monetary
Fund and the post war monetary arrangements with the dollar only fixed to gold
and every other currency fixed to the dollar. For the US economy it was a one
way ticket to hell, because it guaranteed that US manufacturers were subjected
to rising costs and lower prices thru domestic inflation, while their
international competitors exporting to America had falling costs and rising
prices by receiving gold-convertible dollars. Great idea, Nice Government
Geniuses. Any wonder American industry dwindled over the next 30 years? Argentum
et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin
Sanders, The Moneychanger The-MoneyChanger.com © 2011, The Moneychanger. May
not be republished in any form, including electronically, without our express
permission. To avoid confusion, please remember that the comments above have a
very short time horizon. Always invest with the primary trend. Gold's primary
trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1
gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under
2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary
trend down; real estate in a bubble, primary trend way down. Whenever I write
"Stay out of stocks" readers inevitably ask, "Do you mean precious metals mining
stocks, too?" No, I don't.
11.50 or 0.7% Silver Price Close Today : 4011.3 Silver Price Close 15-Jul :
3906.3 Change : 105.00 or 2.7% Gold Silver Ratio Today : 39.920 Gold Silver
Ratio 15-Jul : 40.698 Change : -0.78 or -1.9% Silver Gold Ratio : 0.02505 Silver
Gold Ratio 15-Jul : 0.02457 Change : 0.00048 or 2.0% Dow in Gold Dollars : $
163.71 Dow in Gold Dollars 15-Jul : $ 162.25 Change : $ 1.45 or 0.9% Dow in Gold
Ounces : 7.919 Dow in Gold Ounces 15-Jul : 7.849 Change : 0.07 or 0.9% Dow in
Silver Ounces : 316.14 Dow in Silver Ounces 15-Jul : 319.44 Change : -3.30 or
-1.0% Dow Industrial : 12,681.16 Dow Industrial 15-Jul : 12,478.21 Change :
202.95 or 1.6% S&P 500 : 1,345.02 S&P 500 15-Jul : 1,315.79 Change : 29.23 or
2.2% US Dollar Index : 74.224 US Dollar Index 15-Jul : 75.140 Change : -0.916 or
-1.2% Platinum Price Close Today : 1,795.40 Platinum Price Close 15-Jul :
1,760.30 Change : 35.10 or 2.0% Palladium Price Close Today : 806.95 Palladium
Price Close 15-Jul : 782.35 Change : 24.60 or 3.1% Let numbers speak, not
opinions, ratiocinations, and interpretations. Through all the up and down,
silver and gold held their ground gained this week. Stocks added a little, while
the dollar fell. Platinum gained 2% and palladium with +3.1% was the big gainer
for the week. Now come the opinions, ratiocination, interpretations, and wild
guesses. Tuesday, Wednesday, Thursday, and today the Gold Price has traced out a
giant W on its chart, with a double bottom at roughly $1,580 - $1,585. If
anybody still thought he could parse this market, he was handed his head again
today. After the European bail out was announced, the Gold Price fell to $1,585.
Pressure of Greek default removed, bailout arranged ought to have eased demand
for gold, right? Wrong. Came roaring back today, up $14.50 to $1,601.30 on Comex
and an intraday high at $1,607. What else can you say but, "The Gold Price will
move higher next week." It will break through $1,607 and keep on going, since it
refused to break down when the euro deal was announced. Here's an intriguing
tidbit. Soon there will be no gold coins that sell for less than $100. There's
the Mexican two pesos (0.0482 oz) for about $78 and the Mex 2-1/2 pesos (0.0603)
for $97. If they were available, the old US $1 gold pieces (0.048375) would cost
about $78. When that $1.00 gold piece reaches $100, that is, 1/100th of the
paper dollar's 1913 value, gold will stand at $2,067.18, a mere 29% above its
present value. Silver's spike bottom on Wednesday marked the beginning of
another uptrend, or at least yesterday's and today's lows were higher than
Wednesday. The Silver Price was stymied by 4025c today, but refused to sink
lower than 3889c. Comex gained a staggering 117.6c to close Comex at 4011.3c,
over 4000c again. Standing in the way is resistance just under 4100c. Once the
Silver Price crosses that, y'all must bear in mind, virtually no resistance
appears before the last high at 4982c. Meanwhile the 20 DMA (3682c) crossed
above the 50 DMA (3633c) and other momentum indicators have turned up. I have to
conclude the Silver Price will move higher next week. Yes, I know it's all out
of season and unexpected, but even against the tide of "good" news out of
Europe, silver and gold are determined to rise. Don't stand in their way,
they'll bruise you. The intraday Dow high at 12,754 was matched almost exactly
by yesterday's 12,751. Either that marked a double top whence the Dow will fall,
or it is merely pausing in a new rally. Favoring a rally is the Dow's position
above its 50 and 20 DMAs (12,343 and 12,465). Also the 20 DMA crossed above the
20 a week ago, turning the momentum up. So it can rise further still. Stocks
were confused today. Dow fell 43.25 to 12,681.16 while the S&P500 rose 1.22.
Last two days action on the daily chart is rolling over floorward. I've been
over and over stocks in my mind, and I just can't get around the gigantic facts.
In inflation adjusted terms, stocks have lost since 2000. In silver and gold
terms, they've lost more than 80%, with another 80% to go. I know there must be
some reason that people want to own stocks, I simply cannot imagine what it
might be. Stocks remain the Vanishing Creame in the Investment Make-up Cabinet.
Rub it in, your capital vanishes. Sobriety bit today after yesterday's drunken
enthusiasm over the Greek bail-out deal -- maybe I ought to call that a
"deal-ette", since it ain't much of a deal -- and the US dollar index rose 20.9
basis points to 74.224, up 0.27%. Doesn't help the technical damage dollar did
yesterday by falling through the uptrend line from May. Only question now is
which previous bottom will catch the dollar, 74.11, 73.50, or 72.70? Yesterday's
goose carried the euro only to the downtrend line, not thru, and today it gave a
chunk of that back. Closed 1.4372, down 0.37%. Remains barely above 50 and 20
DMAs, which are paralleling each other (1.4301 and 1.4273). Euro remains locked
in a downtrend, in spite of all the help the Nice Government Men and Benevolent
Central Bankers have given it. Japanese yen broke out upwards two weeks ago and
at yesterday's high of Y78.22/$ (127.85c/Y100) threatens the earthquake high at
128.79. BoJ NGM must be having three hissy fits. O, black day! On 22 July 1944
the Bretton Woods (New Hampshire) Conference created the International Monetary
Fund and the post war monetary arrangements with the dollar only fixed to gold
and every other currency fixed to the dollar. For the US economy it was a one
way ticket to hell, because it guaranteed that US manufacturers were subjected
to rising costs and lower prices thru domestic inflation, while their
international competitors exporting to America had falling costs and rising
prices by receiving gold-convertible dollars. Great idea, Nice Government
Geniuses. Any wonder American industry dwindled over the next 30 years? Argentum
et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin
Sanders, The Moneychanger The-MoneyChanger.com © 2011, The Moneychanger. May
not be republished in any form, including electronically, without our express
permission. To avoid confusion, please remember that the comments above have a
very short time horizon. Always invest with the primary trend. Gold's primary
trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1
gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under
2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary
trend down; real estate in a bubble, primary trend way down. Whenever I write
"Stay out of stocks" readers inevitably ask, "Do you mean precious metals mining
stocks, too?" No, I don't.
You’re Dunkin’ Into Perilous IPO Territory
The last week of July was arguably the busiest week for IPO offerings since
November 2007. It seems investors let their stomachs do the walking, as Dunkin
Brands (NASDAQ: DNKN ), Teavana Holdings (NYSE: TEA ) and Chef's Warehouse
(NASDAQ: CHEF ) all went public, averaging a whopping 42.3% first-day return.
It's mind-boggling when you consider the markets are flat for the year. Who in
their right minds is buying this stuff? Not me, that's for sure. Especially
puzzling is Dunkin Brands, which hasn't been a growth story for several years,
yet investors were willing to plunk down $19 per share for a business with
excessive debt and marginal possibilities for growth. If you were lucky enough
to have gotten shares at $19, I hope you've sold because in 12 to 24 months,
Dunkin's stock will be trading well below the offering price. Here's why:
Valuation A lot's been bandied about in the media regarding Dunkin's IPO
valuation. At the IPO price of $19, the market gave it an enterprise value of
$3.7 billion. A week later, thanks to its 46.6% first-day pop, that number is
more like $4.6 billion. That's 16 times EBITDA. McDonald's (NYSE: MCD ) and
Starbucks (NASDAQ: SBUX ) have multiples of 10.9 and 13.6, respectively. Dunkin
is in the ballpark until you consider that its debt level when compared to
EBITDA is four times McDonald's and 20 times Starbucks. It's not even close
to being in the same league. But forget traditional valuation metrics for a
moment. I'd like to look at the current value from a different perspective a
historical one. J. Lyons & Company bought Baskin-Robbins for $45.5 million in
1973. Allied Breweries subsequently acquired Lyons in 1978, then in 1990, the
merged firm bought Dunkin Donuts for $323 million. Factoring in inflation, the
two companies sold for $706 million in 2006 dollars. I use the year 2006 because
that is when Bain Capital, The Carlyle Group and Thomas H. Lee Partners paid
$2.4 billion to acquire the iconic brands. Is it possible that its enterprise
value could grow from $706 million in 1990 to $4.6 billion today, given its
earnings history? To do so, its enterprise value would have to increase 8.9%
annually for 22 consecutive years. Keep in mind the S&P 500 returned 6.2%
annually in the same period. I'm skeptical, and you should be, too.
Second-quarter results Let's assume for one second that Dunkin's enterprise
value did grow 9% annually during the past two decades. If that is indeed so,
its second-quarter earnings report is nothing short of horrendous. You don't
grow a business at that rate for that long without delivering exceptional
results every quarter. Sure, revenues increased 4.4% to $157 million, but net
profits dropped 3.5% to $24.7 million. That's hardly bedazzling. Worse is the
fact its same-store sales at U.S. Dunkin outlets, the supposed growth driver,
increased 3.8%, less than half what Starbucks did in the same three-month
period. And don't get me started about Baskin-Robbins. Have you been in one of
their outlets lately? Save yourself the misery and head to the local gelato
store. That business is on life support. The Three Amigos It all makes sense
when you consider who the sponsors of the IPO are. Private equity's sole
purpose is to make money for its investors. You've heard the story before.
They buy a company for $2.4 billion, use as little of their own money as
possible (in this case, $800 million) pay themselves lavish dividends of $590
million prior to the IPO and then, in the immortal words of Randolph Duke,
"Sell, Sell, Sell." Have they improved the business? Not on your life. You
can be sure that the debt, while it was owned by Allied-Lyons, was negligible,
and now it's $1.5 billion. In the five years they've owned Dunkin Brands,
same-store sales have increased 1.1% annually. In the five years prior to their
takeover, the average was 5.9%. While they'll argue they bought the company at
the worst possible time, I'd argue it wasn't a problem of timing but rather
the price paid, fueled by easily obtained debt securitization . The bottom line?
You don't have to be a rocket scientist to know Dunkin Brands' stock is a
ticking time bomb. Own with extreme caution.
November 2007. It seems investors let their stomachs do the walking, as Dunkin
Brands (NASDAQ: DNKN ), Teavana Holdings (NYSE: TEA ) and Chef's Warehouse
(NASDAQ: CHEF ) all went public, averaging a whopping 42.3% first-day return.
It's mind-boggling when you consider the markets are flat for the year. Who in
their right minds is buying this stuff? Not me, that's for sure. Especially
puzzling is Dunkin Brands, which hasn't been a growth story for several years,
yet investors were willing to plunk down $19 per share for a business with
excessive debt and marginal possibilities for growth. If you were lucky enough
to have gotten shares at $19, I hope you've sold because in 12 to 24 months,
Dunkin's stock will be trading well below the offering price. Here's why:
Valuation A lot's been bandied about in the media regarding Dunkin's IPO
valuation. At the IPO price of $19, the market gave it an enterprise value of
$3.7 billion. A week later, thanks to its 46.6% first-day pop, that number is
more like $4.6 billion. That's 16 times EBITDA. McDonald's (NYSE: MCD ) and
Starbucks (NASDAQ: SBUX ) have multiples of 10.9 and 13.6, respectively. Dunkin
is in the ballpark until you consider that its debt level when compared to
EBITDA is four times McDonald's and 20 times Starbucks. It's not even close
to being in the same league. But forget traditional valuation metrics for a
moment. I'd like to look at the current value from a different perspective a
historical one. J. Lyons & Company bought Baskin-Robbins for $45.5 million in
1973. Allied Breweries subsequently acquired Lyons in 1978, then in 1990, the
merged firm bought Dunkin Donuts for $323 million. Factoring in inflation, the
two companies sold for $706 million in 2006 dollars. I use the year 2006 because
that is when Bain Capital, The Carlyle Group and Thomas H. Lee Partners paid
$2.4 billion to acquire the iconic brands. Is it possible that its enterprise
value could grow from $706 million in 1990 to $4.6 billion today, given its
earnings history? To do so, its enterprise value would have to increase 8.9%
annually for 22 consecutive years. Keep in mind the S&P 500 returned 6.2%
annually in the same period. I'm skeptical, and you should be, too.
Second-quarter results Let's assume for one second that Dunkin's enterprise
value did grow 9% annually during the past two decades. If that is indeed so,
its second-quarter earnings report is nothing short of horrendous. You don't
grow a business at that rate for that long without delivering exceptional
results every quarter. Sure, revenues increased 4.4% to $157 million, but net
profits dropped 3.5% to $24.7 million. That's hardly bedazzling. Worse is the
fact its same-store sales at U.S. Dunkin outlets, the supposed growth driver,
increased 3.8%, less than half what Starbucks did in the same three-month
period. And don't get me started about Baskin-Robbins. Have you been in one of
their outlets lately? Save yourself the misery and head to the local gelato
store. That business is on life support. The Three Amigos It all makes sense
when you consider who the sponsors of the IPO are. Private equity's sole
purpose is to make money for its investors. You've heard the story before.
They buy a company for $2.4 billion, use as little of their own money as
possible (in this case, $800 million) pay themselves lavish dividends of $590
million prior to the IPO and then, in the immortal words of Randolph Duke,
"Sell, Sell, Sell." Have they improved the business? Not on your life. You
can be sure that the debt, while it was owned by Allied-Lyons, was negligible,
and now it's $1.5 billion. In the five years they've owned Dunkin Brands,
same-store sales have increased 1.1% annually. In the five years prior to their
takeover, the average was 5.9%. While they'll argue they bought the company at
the worst possible time, I'd argue it wasn't a problem of timing but rather
the price paid, fueled by easily obtained debt securitization . The bottom line?
You don't have to be a rocket scientist to know Dunkin Brands' stock is a
ticking time bomb. Own with extreme caution.
Todays gold prices silver prices per ounce Spot gold price per gram spot silver price per kilo dji gold silver Mid-Day
Gold and silver contracts are moving in positive territory today. Gold price
per ounce moved higher as did silver price per ounce. The DJI was falling into
the red today just one day after finding green to close out the last trading
session. The major stock index composites were posting negative as the halfway
point in the trading session approached this day. Negative pressure was being
applied to stocks as economic posts in the U.S. continue to skew negative. In
addition to worries in the U.S., global concerns are causing apprehensions to
arise in the minds of investors. The eurozone debt problems are attracting more
attention and applying negative pressure to the major stock indices. As stocks
sell off and drop lower, safe havens are increasing in popularity. This was
evident in the marketplace today as contract gold and silver moved higher. Spot
gold and spot silver prices moved in a positive direction today as well. As
mid-day neared, contract gold for December delivery was posting positive by
14.30 at 1680 per troy ounce. Contract silver was posting positive by .23 at
41.99 per troy ounce. Spot gold price per gram was green by .49 at 53.97 and
spot gold price per kilo was green by 489.33 at 53968.89. Spot silver price per
kilo was higher by 9.42 at 1351.62 and spot silver price per ounce was higher by
.29 at 42.04. Camillo Zucari
per ounce moved higher as did silver price per ounce. The DJI was falling into
the red today just one day after finding green to close out the last trading
session. The major stock index composites were posting negative as the halfway
point in the trading session approached this day. Negative pressure was being
applied to stocks as economic posts in the U.S. continue to skew negative. In
addition to worries in the U.S., global concerns are causing apprehensions to
arise in the minds of investors. The eurozone debt problems are attracting more
attention and applying negative pressure to the major stock indices. As stocks
sell off and drop lower, safe havens are increasing in popularity. This was
evident in the marketplace today as contract gold and silver moved higher. Spot
gold and spot silver prices moved in a positive direction today as well. As
mid-day neared, contract gold for December delivery was posting positive by
14.30 at 1680 per troy ounce. Contract silver was posting positive by .23 at
41.99 per troy ounce. Spot gold price per gram was green by .49 at 53.97 and
spot gold price per kilo was green by 489.33 at 53968.89. Spot silver price per
kilo was higher by 9.42 at 1351.62 and spot silver price per ounce was higher by
.29 at 42.04. Camillo Zucari
PS Vita Delay Gives Sony Time to Strategize Against Apple
Sony s (NYSE: SNE ) video game business could use a booster. The company had a
tumultuous second quarter following the high-profile hack of the PlayStation
Network , its online gaming network and community on the PlayStation 3 and
PlayStation Portable game consoles. While the security breach didnt cost the
company the billions some expected it to, the loss of consumer confidence did
translate to poor console sales. Sony sold just below 2 million PlayStation 3s
in the second quarter, down from close to 2.5 million during the same period in
2010. The company suffered a net loss of nearly $200 million and could use a
major new product to spice up sales in the back half of the year. Its new
portable device, the PlayStation Vita, fits the bill nicely as one of late 2011s
biggest gadgets . That is, it would if it were coming out this year. Sony
executive vice president Kaz Hirai confirmed in an Associated Press report
Thursday that the PlayStation Vita wont arrive in Europe or the U.S. until 2012.
It still will release in Japan before the calendar year is out, but Hirai said
his company wants to make sure the device has a solid lineup of games to release
alongside the system. As much as delaying Vita into the next year might hurt
Sonys potential for success during the holiday season, theyre wise to push back
the devices release. Nintendo s (PINK: NTDOY ) new portable device, the Nintendo
3DS, demonstrated handily how devastating a mediocre selection of games can be
when a gaming machine is first released. The 3DS sold so poorly during the past
quarter that Nintendo was forced to drop the price of the machine from $250 to
$170 not even five months after it hit the market. A 2012 release for Vita means
more than just a stronger selection of games for Sony, though. Nintendos failure
with the 3DS has given Sony a clear test case of how not to sell a devoted
portable gaming machine in a market ruled by multipurpose portables like Apple s
(NASDAQ: AAPL ) iPhone. The iPhone and Google (NASDAQ: GOOG ) Android phones
have created a market where consumers are only willing to spend a few dollars on
portable video games, compared to the $40 titles sold at retail on the 3DS and
eventually on the Vita. Sony already has gone out of its way to make the Vita a
device that caters to all audiences. The device plays both the sort of
high-definition titles with traditional controls that typify home consoles like
Microsoft s (NASDAQ: MSFT ) Xbox 360 and the PlayStation 3, as well as the
simple, downloadable, touchscreen-based titles that have turned Apples App Store
into such a financial powerhouse. The Vita was priced at $250 ($300 for a
3G-equipped model supported by AT&T (NYSE: T ), putting it in the range of
Apples family-friendly iPod Touch line, but given how Nintendo struggled at that
price point, Sony now has time to reassess how it enters the market. Even with
the delay, its possible the consumer market has simply left behind devoted
handheld gaming machines and Sonys Vita will struggle no matter what. Right now,
though, the delay is a sound strategy, even if Sony needs a big win in the back
half of 2011. As of this writing, Anthony John Agnello did not own a position in
any of the stocks named here. Follow him on Twitter at
tumultuous second quarter following the high-profile hack of the PlayStation
Network , its online gaming network and community on the PlayStation 3 and
PlayStation Portable game consoles. While the security breach didnt cost the
company the billions some expected it to, the loss of consumer confidence did
translate to poor console sales. Sony sold just below 2 million PlayStation 3s
in the second quarter, down from close to 2.5 million during the same period in
2010. The company suffered a net loss of nearly $200 million and could use a
major new product to spice up sales in the back half of the year. Its new
portable device, the PlayStation Vita, fits the bill nicely as one of late 2011s
biggest gadgets . That is, it would if it were coming out this year. Sony
executive vice president Kaz Hirai confirmed in an Associated Press report
Thursday that the PlayStation Vita wont arrive in Europe or the U.S. until 2012.
It still will release in Japan before the calendar year is out, but Hirai said
his company wants to make sure the device has a solid lineup of games to release
alongside the system. As much as delaying Vita into the next year might hurt
Sonys potential for success during the holiday season, theyre wise to push back
the devices release. Nintendo s (PINK: NTDOY ) new portable device, the Nintendo
3DS, demonstrated handily how devastating a mediocre selection of games can be
when a gaming machine is first released. The 3DS sold so poorly during the past
quarter that Nintendo was forced to drop the price of the machine from $250 to
$170 not even five months after it hit the market. A 2012 release for Vita means
more than just a stronger selection of games for Sony, though. Nintendos failure
with the 3DS has given Sony a clear test case of how not to sell a devoted
portable gaming machine in a market ruled by multipurpose portables like Apple s
(NASDAQ: AAPL ) iPhone. The iPhone and Google (NASDAQ: GOOG ) Android phones
have created a market where consumers are only willing to spend a few dollars on
portable video games, compared to the $40 titles sold at retail on the 3DS and
eventually on the Vita. Sony already has gone out of its way to make the Vita a
device that caters to all audiences. The device plays both the sort of
high-definition titles with traditional controls that typify home consoles like
Microsoft s (NASDAQ: MSFT ) Xbox 360 and the PlayStation 3, as well as the
simple, downloadable, touchscreen-based titles that have turned Apples App Store
into such a financial powerhouse. The Vita was priced at $250 ($300 for a
3G-equipped model supported by AT&T (NYSE: T ), putting it in the range of
Apples family-friendly iPod Touch line, but given how Nintendo struggled at that
price point, Sony now has time to reassess how it enters the market. Even with
the delay, its possible the consumer market has simply left behind devoted
handheld gaming machines and Sonys Vita will struggle no matter what. Right now,
though, the delay is a sound strategy, even if Sony needs a big win in the back
half of 2011. As of this writing, Anthony John Agnello did not own a position in
any of the stocks named here. Follow him on Twitter at
DJIA Dow Jones Index DJX DJI Stock Market Todays Stocks Nasdaq S&P 500 Investing News Mid-Day
One day after posting a rebound across the board, the major stock index
composites are posting in the red. The DJIA fell below break even as did the
Nasdaq and the S&P 500 indices. Jobless claims posted today and came in weaker
than what many were hoping to observe, but about as good as most expected. This
post did nothing to reduce the anxieties that investors have been feeling
regarding the state of the economic recovery in the U.S. The negative economic
posts have been adding up this week and this action is sending stocks spiraling
downward. Specifically, the Labor Department posted news today that the weekly
initial jobless claims fell by 1,000 to 400,000 in the week ended July 30.
Jobless claims data remained generally flat. The ADP report posted earlier this
week as well and posted that companies added only 114,000 jobs in July which was
down by about 30,000 from Junes numbers. These marks will do little to provide
that catalyst for a positive stock trend turn around and current eurozone debt
worries are creeping back into the investor psyche as well. As the trading
session approached mid-day, the major index composites in the U.S. were
negative. The Dow was lower by 1.63 percent at 11,702.76. The Nasdaq was lower
by 2.22 percent at 2,633.16 and the S&P 500 was lower by 1.92 percent at
1,236.20. Frank Matto
composites are posting in the red. The DJIA fell below break even as did the
Nasdaq and the S&P 500 indices. Jobless claims posted today and came in weaker
than what many were hoping to observe, but about as good as most expected. This
post did nothing to reduce the anxieties that investors have been feeling
regarding the state of the economic recovery in the U.S. The negative economic
posts have been adding up this week and this action is sending stocks spiraling
downward. Specifically, the Labor Department posted news today that the weekly
initial jobless claims fell by 1,000 to 400,000 in the week ended July 30.
Jobless claims data remained generally flat. The ADP report posted earlier this
week as well and posted that companies added only 114,000 jobs in July which was
down by about 30,000 from Junes numbers. These marks will do little to provide
that catalyst for a positive stock trend turn around and current eurozone debt
worries are creeping back into the investor psyche as well. As the trading
session approached mid-day, the major index composites in the U.S. were
negative. The Dow was lower by 1.63 percent at 11,702.76. The Nasdaq was lower
by 2.22 percent at 2,633.16 and the S&P 500 was lower by 1.92 percent at
1,236.20. Frank Matto
ebay MSN Money Stock Quotes DJIA index djx stock market today investing news mid-day
The DJIA is trending in the red as of the halfway point in the trading session
today and ebay inc stock is posting values in the red as well. Ebay stock is
moving below breakeven at mid-day as it feels the pressure that the majority of
the market place is being affected by right now. The Dow Jones posted a slight
rebound yesterday, but this positive action was short-lived. Prior to the
rebound last session, the DJIA had closed out on the negative side of break-even
for eight straight trading sessions and is back in the red today. Stock index
composites are being pressured negatively by the slew of economic reports that
have posted recently skewed towards the negative. Initial jobless claims posted
today and were generally flat. The ADP report yesterday revealed a drop in jobs
numbers in July over Junes numbers. The manufacturing report earlier this week
was weak and the GDP post last Friday was weaker than expected as well. The
pressure is hurting the market broadly, but individual companies are felling the
pressure as well. Ebay stock is in the red at the halfway point today. According
to MSN money, ebay inc. is trending in the red right now by 5.12 percent or
negative 1.65 at 30.60. Previous close for ebay was 32.25. Frank Matto
today and ebay inc stock is posting values in the red as well. Ebay stock is
moving below breakeven at mid-day as it feels the pressure that the majority of
the market place is being affected by right now. The Dow Jones posted a slight
rebound yesterday, but this positive action was short-lived. Prior to the
rebound last session, the DJIA had closed out on the negative side of break-even
for eight straight trading sessions and is back in the red today. Stock index
composites are being pressured negatively by the slew of economic reports that
have posted recently skewed towards the negative. Initial jobless claims posted
today and were generally flat. The ADP report yesterday revealed a drop in jobs
numbers in July over Junes numbers. The manufacturing report earlier this week
was weak and the GDP post last Friday was weaker than expected as well. The
pressure is hurting the market broadly, but individual companies are felling the
pressure as well. Ebay stock is in the red at the halfway point today. According
to MSN money, ebay inc. is trending in the red right now by 5.12 percent or
negative 1.65 at 30.60. Previous close for ebay was 32.25. Frank Matto
Flattening of US Yield Curve Will Prompt Fed Easing, Push Gold to $1,800
Flattening of US Yield Curve Will Prompt Fed Easing, Push Gold to $1,800
Minyanville.com - 4 hours ago By Sam Kirtley Aug 04, 2011 12:45 pm With more
weak jobs data expected soon, the Fed will be under pressure to take monetary
action. Whichever course it chooses will be hugely bullish for gold ...
Minyanville.com - 4 hours ago By Sam Kirtley Aug 04, 2011 12:45 pm With more
weak jobs data expected soon, the Fed will be under pressure to take monetary
action. Whichever course it chooses will be hugely bullish for gold ...
Stocks Going Ex Dividend the Third Week of July
Here is our latest update on the stock trading technique called 'Buying
Dividends'. This is the process of buying stocks before the ex dividend date and
selling the stock shortly after the ex date at about the same price, yet still
being entitled to the dividend . This technique generally works only in bull
markets. In flat or choppy markets, you have to be extremely careful. In order
to be entitled to the dividend, you have to buy the stock before the ex-dividend
date, and you can't sell the stock until after the ex date. The actual dividend
may not be paid for another few weeks. WallStreetNewsNetwork.com has compiled a
downloadable and sortable list of the stocks going ex dividend during the next
week or two. The list contains many dividend paying companies, all with market
caps over $500 million, and yields over 2%. Here are a few examples showing the
stock symbol, the market capitalization, the ex-dividend date and the yield.
Comtech Telecomm. Corp. (CMTL) market cap: $721.8M ex div date: 7/19/2011 yield:
3.6% Main Street Capital Corporation (MAIN) market cap: $430.3M ex div date:
7/19/2011 yield: 8.4% Putnam Master Int. Income (PIM) market cap: $377.3M ex div
date: 7/20/2011 yield: 6.1% Alpine Total Dynamic Dividend Fund (AOD) market cap:
$1.3B ex div date: 7/20/2011 yield: 11.1% Royal Bank of Canada (RY) market cap:
$81.0B ex div date: 7/22/2011 yield: 4.0% Abbott Laboratories (ABT) market cap:
$81.1B ex div date: 7/13/2011 yield: 3.7% Shaw Communications Inc. (SJR) market
cap: $9.2B ex div date: 7/13/2011 yield: 4.3% Consolidated Communications
Holdings Inc (CNSL) market cap: $580.9M ex div date: 7/13/2011 yield: 8.0%
Gabelli Global Gold, Natural Res &Income (GGN) market cap: $1.0B ex div date:
7/13/2011 yield: 9.7% H&R Real Estate Investment Trust (HRUFF) market cap: $2.8B
ex div date: 7/13/2011 yield: 4.6% The additional ex-dividend stocks can be
found at wsnn.com. (If you have been to the website before, and the latest link
doesn't show up, you may have to empty your cache.) If you like dividend stocks,
you should check out the high yield utility stocks and the Monthly Dividend
Stocks at WallStreetNewsNetwork.com or WSNN.com. Dividend definitions:
Declaration date: the day that the company declares that there is going to be an
upcoming dividend. Ex-dividend date: the day on which if you buy the stock, you
would not be entitled to that particular dividend; or the first day on which a
shareholder can sell the shares and still be entitled to the dividend. Record
date : the day when you must be on the company's books as a shareholder to
receive the dividend. The ex-dividend date is normally set for stocks two
business days before the record date. Payment date: the day on which the
dividend payment is actually made, which can be as long at two months after the
ex date. Don't forget to reconfirm the ex-dividend date with the company before
implementing this technique. Disclosure: Author did not own any of the above at
the time the article was written. By Stockerblog.com
Dividends'. This is the process of buying stocks before the ex dividend date and
selling the stock shortly after the ex date at about the same price, yet still
being entitled to the dividend . This technique generally works only in bull
markets. In flat or choppy markets, you have to be extremely careful. In order
to be entitled to the dividend, you have to buy the stock before the ex-dividend
date, and you can't sell the stock until after the ex date. The actual dividend
may not be paid for another few weeks. WallStreetNewsNetwork.com has compiled a
downloadable and sortable list of the stocks going ex dividend during the next
week or two. The list contains many dividend paying companies, all with market
caps over $500 million, and yields over 2%. Here are a few examples showing the
stock symbol, the market capitalization, the ex-dividend date and the yield.
Comtech Telecomm. Corp. (CMTL) market cap: $721.8M ex div date: 7/19/2011 yield:
3.6% Main Street Capital Corporation (MAIN) market cap: $430.3M ex div date:
7/19/2011 yield: 8.4% Putnam Master Int. Income (PIM) market cap: $377.3M ex div
date: 7/20/2011 yield: 6.1% Alpine Total Dynamic Dividend Fund (AOD) market cap:
$1.3B ex div date: 7/20/2011 yield: 11.1% Royal Bank of Canada (RY) market cap:
$81.0B ex div date: 7/22/2011 yield: 4.0% Abbott Laboratories (ABT) market cap:
$81.1B ex div date: 7/13/2011 yield: 3.7% Shaw Communications Inc. (SJR) market
cap: $9.2B ex div date: 7/13/2011 yield: 4.3% Consolidated Communications
Holdings Inc (CNSL) market cap: $580.9M ex div date: 7/13/2011 yield: 8.0%
Gabelli Global Gold, Natural Res &Income (GGN) market cap: $1.0B ex div date:
7/13/2011 yield: 9.7% H&R Real Estate Investment Trust (HRUFF) market cap: $2.8B
ex div date: 7/13/2011 yield: 4.6% The additional ex-dividend stocks can be
found at wsnn.com. (If you have been to the website before, and the latest link
doesn't show up, you may have to empty your cache.) If you like dividend stocks,
you should check out the high yield utility stocks and the Monthly Dividend
Stocks at WallStreetNewsNetwork.com or WSNN.com. Dividend definitions:
Declaration date: the day that the company declares that there is going to be an
upcoming dividend. Ex-dividend date: the day on which if you buy the stock, you
would not be entitled to that particular dividend; or the first day on which a
shareholder can sell the shares and still be entitled to the dividend. Record
date : the day when you must be on the company's books as a shareholder to
receive the dividend. The ex-dividend date is normally set for stocks two
business days before the record date. Payment date: the day on which the
dividend payment is actually made, which can be as long at two months after the
ex date. Don't forget to reconfirm the ex-dividend date with the company before
implementing this technique. Disclosure: Author did not own any of the above at
the time the article was written. By Stockerblog.com
MCD MSN Stock Quotes DJIA Stock market Index McDonalds Dow Jones Industrial Average Data Open review
XCSFDHG46767FHJHJF
dow2664 The DJIA was able to break from the pattern of negative close values last session. The Dow Jones, along with the Nasdaq and S&P 500 initiated a rebound during the latter half of the trading session yesterday. The change in trends surprised many as they held through end of day close last session. The positive close for the DJI was significant yesterday in that the index had to recover after being lower on the day by over 165 points. It did however recover and ended the session green by 30 points. Specifically, the Dow Jones Industrial Average moved higher on the day and finished at 11,896. The finish above break-even was also significant for the Dow Jones in that it ended a pattern of negative finishes. Before last session close, the Dow Jones Industrial Average had finished in the red for eight consecutive days. The Dow had not seen a consecutive negative streak like this past one in decades. Had the streak reached a ninth day, one would have to go back to the 1970′s to find a similar negative streak. Component stocks that make up the Dow have been feeling the pressure as well considering the current market climate. McDonald’s Corp is one of those companies, but last session close was positive for the restaurant chain. MCD moved higher by .56 percent on the day and according to MSN Money stock quotes, ended the day green at 85.54. Frank Matto
djia today dji Dow Jones Industrial Average stock market investing Nasdaq S&P 500 Index money profit finance news open
XCSFDHG46767FHJHJF
dow2664 The Dow Jones Industrial Average, Nasdaq and S&P 500 rebounded during the latter half of the last session to close out the day on the positive side of breakeven. The positive close helped the DJIA avoid its ninth consecutive close in the red and investors felt a slight sigh of relief. No major catalyst can be fingered for causing the turn around with stocks yesterday as economic posts were generally flat to somewhat negatively skewed. The major index composites finished green across the board however. The DJI closed out higher by 30 points at 11,896. The Nasdaq closed higher by 20 points at 2,313 and the S&P 500 finished out higher by 6 points to close at 1,260. This was good news. The negative side is that there is still a negative side. Weak economic reports have been ample over the past week and investors’ worries continue to fester. Safe haven gold prospered in this environment and hit a record 1,675.90 per troy ounce at one point during the last trading session. Scheduled for today, investors will look to the Labor Department’s report on weekly initial jobless claims. Most eyes will look ahead to the highly anticipated jobs report scheduled to post on Friday. Investors hope to see the green trends continue during the latter half of the week. Frank Matto
GE MSn Money Quotes DJIA stock Market Finance News Open Review August 4th 2011
XCSFDHG46767FHJHJF
dow2664 The DJIA finally was able to avoid another consecutive trading session close on the negative side of break-even. The major indices in the U.S. have been pressured over the past week and last session’s positive close was a bit of a surprise. The rebound happened during the latter half of the trading session and ended with the Dow, Nasdaq and S&P 500 posting green across the primary stock index tracking boards. Specifically, the Dow Jones Industrial Average closed out the last session higher by .25 percent or 29.82 and finished the day at 11,896.44. At one point, the Dow Jones Industrial Average had been down by more than 165 points, but was able to make a turnaround and climb the ladder. Had the Dow Jones not finished in the green, it would have equaled the worst losing streak for the composite in decades. As it stands, the negative string of days for the DJI ends at eight. The index finished strong for the day but component stocks continue to feel the pressure. General Electric stock was able to finish off the day in the green though. GE finished higher on the day by 1.51 percent or +.26 and closed out at 17.47 according to MSN Money. Frank Matto
Rio Tinto, Lloyds off; Unilever up in London
XCSFDHG46767FHJHJF
gol2664 Negocioenlinea Rio Tinto, Lloyds off; Unilever up in London MarketWatch – 5 hours ago By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) — UK stocks were mostly lower on Thursday, a day after the main index posted the biggest losses since last year, with Lloyds Banking Group … Market overview: FTSE 100 fights back – ShareCast
3 Bulletproof Blue-chip Stocks
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace In times of uncertainty, I always fall back on my tried-and-true system for picking stocks. Over the decades of being in this business, my Portfolio Grader never has let me down. Now with stocks down seemingly every day, we need to focus on the best of the best. If you want to make money in this market, owning my “A”-rated stocks can help you navigate this difficult market. The basics of my fundamental grading system focus on earnings growth, sales growth, margins and buying pressure or quantitative pressure. Growing companies are companies that are healthy and thriving. They have smart leaders who know how to run and manage a smart business. If a company is struggling to sell its products or is spending more than it makes, it's not a company you want to own for growth. Buying pressure deals with market dynamics. It is the measure of money that is buying or selling a stock. The more money that floods into a stock, the more momentum a stock has to rise. Given that owning a stock that goes up is good, these stocks on the move give us the best chance to make money in the market. Even during this recent sell-off, there are stocks that can and do move significantly higher. Case in point: Green Mountain Coffee. That fast-growing company with a rapidly appreciating stock jumped more than 30% last week after reporting earnings results that blew away even the most optimistic Wall Street estimates. Other examples include Apple and Google. As I look at my Portfolio Grader today, there are three bulletproof blue-chip stocks that merit our attention. All three stocks received the desired “A” grade in both fundamental and quantitative measures. You can buy these three stocks with comfort, knowing my system has a proven track record of picking winners. Here are more details on these three bulletproof blue chips: BT Group BT Group (NYSE: BT ), a British technology blue chip, provides telecom services across the globe. The company has been one of the rare shining stars in the messy debt crisis in Europe. Shares of the company are up a solid 13% this year at a time when the market is flat. The appreciation is not of the crazy, nosebleed valuation kind. It is steady and reliable, and it can be bought today at reasonable prices. Given the explosion of personal handheld computing devices or smartphones, BT Group has plenty of room to grow further. The average Wall Street estimate is for the company to make a profit of $3.64 per share in the fiscal year ending March 31, 2012. In the following year, that number increases by 6% to $3.87 per share. At current prices, investors can buy this growing blue-chip stock for nine times current year estimates. In addition to the cheap valuation, investors get paid to watch this stock grow. The company pays a dividend yield of nearly 5%. The ingredients are in place for investors to make money in this bulletproof blue-chip stock. The Portfolio Grader rates the company an “A.”
Check Out the Hottest Asia and Latin America Stocks
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Emerging market headlines have been dominated by China's economic slowdown. We all know how important it is for China and Chinese stocks to continue to grow and fuel the global recovery, so this was unsettling. But when you look at the details of China GDP numbers, it's ridiculous that investors are worried for even a second. The official GDP slowed to a 9.5% annual pace in the second quarter, down from 9.7%. Are you kidding me? GDP that slows to 9.5% is like being on the highway and slowing from 160 miles per hour to 155 miles per hour. China's economic engine is stronger than ever and it's fueling profits for multi-international companies. The Bank of Japan has also been surprisingly upbeat as Japan recovers from its devastating earthquake and tsunami, which bodes well for Asia and worldwide economic growth, since Japan operates the world's third-largest economy. The supply-chain issues arising from the earthquake and tsunami have started to resolve and Japan is returning to normalcy. This is great news for the global recovery. Latin America too is experiencing explosive growth. This is a part of the world that is very rich in natural resources and with commodity prices on the rise, its nations are benefiting. This is helping to boost the value of its exports and its economy and create a middle class that will take GDP to the next level. You should not sit on the sidelines and let this global growth pass you by. You can directly benefit from Asia's rapidly growing middle class through stock plays in Baidu (NASDAQ: BIDU ), China's largest Internet search engine, Borgwarner Inc . (NYSE: BWA ), which sells auto components and Las Vegas Sands Corp. (NYSE: LVS ), which operates hotels, restaurants and gaming properties. The same goes for Tata Motors Ltd. (NYSE: TTM ), which is catering to insatiable demand for affordable cars among India's burgeoning middle class. In Latin America, consider a position in Companhia De Bebidas Das Americas (NYSE: ABV ), a Brazilian beverage company as well as with DirecTV (NASDAQ: DTV ). Much of Central and South America lack the installed infrastructure base that we have in the United States and it's a lot easier–and less expensive for DirecTV–to provide television content via roof-mounted satellite dishes than it is for competitors to snake millions of miles of cable through the ground. Lastly technology stocks Apple (NASDAQ: AAPL ), ARMH Holdings PLC (NASDAQ: ARMH ) and F5 Networks (NASDAQ: FFIV ) have tremendous international sales and are benefiting from market trends like the 4G revolution, demand for faster broadband and cloud computing, as well as an unquenchable thirst for all those nifty smartphones and tablets. Apple's Q2 iPhone sales in China alone, for instance, jumped to $3.8 billion, a sixfold increase from last year! Each one of the companies I just mentioned not only profits from strong international sales, but gets an added boost when they convert those sales into U.S. dollars. With our current economic slowdown and inability to raise interest rates, the value of the dollar is sliding against other currencies and boosting the bottom line of companies with foreign sales.
Randgold's Bristow Expects Higher Earnings Next Quarter
XCSFDHG46767FHJHJF
gol2664 Negocioenlinea Randgold's Bristow Expects Higher Earnings Next Quarter Washington Post – 3 hours ago Aug. 4 (Bloomberg) — Mark Bristow, chief executive officer of Randgold Resources Ltd., talks about the company's financial results and the outlook for gold prices. He speaks with Francine Lacqua …
The Gold Price Keeps on Ratcheting Up Day by Day
Gold Price Close Today : 1616.80 Change : 4.60 or 0.3% Silver Price Close Today
: 40.691 Change : 0.337 or 0.8% Gold Silver Ratio Today : 39.73 Change : -0.218
or -0.5% Silver Gold Ratio Today : 0.02517 Change : 0.000137 or 0.5% Platinum
Price Close Today : 1804.90 Change : 14.30 or 0.8% Palladium Price Close Today :
838.65 Change : 31.70 or 3.9% S&P 500 : 1,331.94 Change : -5.49 or -0.4% Dow In
GOLD$ : $159.84 Change : $ (1.61) or -1.0% Dow in GOLD oz : 7.732 Change :
-0.078 or -1.0% Dow in SILVER oz : 307.23 Change : -4.83 or -1.5% Dow Industrial
: 12,501.30 Change : -91.50 or -0.7% US Dollar Index : 73.53 Change : -0.537 or
-0.7% Sorry I missed y'all yesterday. I was finishing my monthly Moneychanger
newsletter. Paid subscribers can log in at www.the-moneychanger.com for the
electronic version. Ever seen someone who will stand and argue with a road sign?
I know somebody like that, and standing in the way of gold and silver right now
is precisely standing and arguing with a road sign. The Gold Price keeps on
ratcheting up day by day. Now $1,620 is the barrier (high today was $1,620.10),
and $1,607 has become support. The Gold Price will probably hit $1,650 before
this stops. Already it is overbought, but can grow more so. Comex gold gained
$4.60 to $1,616.80. The Silver Price keeps advancing, too. Comex closing found
silver up 33.7c at 4069.1c. 4100c is now the Great Blockade. Silver's high today
came at 4095c. It is tugging at the leash. It will break through 4100c and run
farther still. The Silver Price has the bit in its teeth and will keep on
running. Don't get caught short silver here. Since the US dollar index broke
thru its uptrend line, it surprises no one that it fell 53.7 basis points today
to 73.527. This trashed support at 74 and sets the buck on the skids for 72.70
before it begins rallying. Today took it below the 20 DMA (74.89) and back to
the last low. More downside coming. Euro today gapped up from below 1.4400 to
1.4511, up 0.95%. That might be a breakout over the downtrend line and lead to
1.4700 to 1.4950. What? It makes no economic sense! Why, who are you to talk
about economic sense in a system set up by Salvador Dali? Yen also continues to
climb. Today it's at 128.35c/Y100 (Y77.91/$), almost back to the 128.79
earthquake peak in March. You know, hard as it is to fathom, it may be that the
world actually believes that something will happen if the debt ceiling isn't
lifted. Mercy -- they can't be that gullible, can they? Surely they know that
debt ceiling will be lifted -- don't they? STOCKS are tumbling against gold, and
not doing too killing well against the dollar. Dow today closed at 12,501.30,
down 91.5 and the S&P at 1,331.94, down 5.49. Dow today fell below its 20 dma
(12,521) first warning of a downturn. I keep reading technicians I respect
talking about another leg up in stocks, but it's not materializing. Hold on to
your stocks. They're your anchor to poverty. Argentum et aurum comparenda sunt
-- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger
The-MoneyChanger.com © 2011, The Moneychanger. May not be republished in any
form, including electronically, without our express permission. To avoid
confusion, please remember that the comments above have a very short time
horizon. Always invest with the primary trend. Gold's primary trend is up,
targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver
ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and
worth only one ounce of gold; US$ or US$-denominated assets, primary trend down;
real estate in a bubble, primary trend way down. Whenever I write "Stay out of
stocks" readers inevitably ask, "Do you mean precious metals mining stocks,
too?" No, I don't. Be advised and warned: Do NOT use these commentaries to trade
futures contracts. I don't intend them for that or write them with that outlook.
I write them for long-term investors in physical metals. Take them as
entertainment, but not as a timing service for futures.
: 40.691 Change : 0.337 or 0.8% Gold Silver Ratio Today : 39.73 Change : -0.218
or -0.5% Silver Gold Ratio Today : 0.02517 Change : 0.000137 or 0.5% Platinum
Price Close Today : 1804.90 Change : 14.30 or 0.8% Palladium Price Close Today :
838.65 Change : 31.70 or 3.9% S&P 500 : 1,331.94 Change : -5.49 or -0.4% Dow In
GOLD$ : $159.84 Change : $ (1.61) or -1.0% Dow in GOLD oz : 7.732 Change :
-0.078 or -1.0% Dow in SILVER oz : 307.23 Change : -4.83 or -1.5% Dow Industrial
: 12,501.30 Change : -91.50 or -0.7% US Dollar Index : 73.53 Change : -0.537 or
-0.7% Sorry I missed y'all yesterday. I was finishing my monthly Moneychanger
newsletter. Paid subscribers can log in at www.the-moneychanger.com for the
electronic version. Ever seen someone who will stand and argue with a road sign?
I know somebody like that, and standing in the way of gold and silver right now
is precisely standing and arguing with a road sign. The Gold Price keeps on
ratcheting up day by day. Now $1,620 is the barrier (high today was $1,620.10),
and $1,607 has become support. The Gold Price will probably hit $1,650 before
this stops. Already it is overbought, but can grow more so. Comex gold gained
$4.60 to $1,616.80. The Silver Price keeps advancing, too. Comex closing found
silver up 33.7c at 4069.1c. 4100c is now the Great Blockade. Silver's high today
came at 4095c. It is tugging at the leash. It will break through 4100c and run
farther still. The Silver Price has the bit in its teeth and will keep on
running. Don't get caught short silver here. Since the US dollar index broke
thru its uptrend line, it surprises no one that it fell 53.7 basis points today
to 73.527. This trashed support at 74 and sets the buck on the skids for 72.70
before it begins rallying. Today took it below the 20 DMA (74.89) and back to
the last low. More downside coming. Euro today gapped up from below 1.4400 to
1.4511, up 0.95%. That might be a breakout over the downtrend line and lead to
1.4700 to 1.4950. What? It makes no economic sense! Why, who are you to talk
about economic sense in a system set up by Salvador Dali? Yen also continues to
climb. Today it's at 128.35c/Y100 (Y77.91/$), almost back to the 128.79
earthquake peak in March. You know, hard as it is to fathom, it may be that the
world actually believes that something will happen if the debt ceiling isn't
lifted. Mercy -- they can't be that gullible, can they? Surely they know that
debt ceiling will be lifted -- don't they? STOCKS are tumbling against gold, and
not doing too killing well against the dollar. Dow today closed at 12,501.30,
down 91.5 and the S&P at 1,331.94, down 5.49. Dow today fell below its 20 dma
(12,521) first warning of a downturn. I keep reading technicians I respect
talking about another leg up in stocks, but it's not materializing. Hold on to
your stocks. They're your anchor to poverty. Argentum et aurum comparenda sunt
-- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger
The-MoneyChanger.com © 2011, The Moneychanger. May not be republished in any
form, including electronically, without our express permission. To avoid
confusion, please remember that the comments above have a very short time
horizon. Always invest with the primary trend. Gold's primary trend is up,
targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver
ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and
worth only one ounce of gold; US$ or US$-denominated assets, primary trend down;
real estate in a bubble, primary trend way down. Whenever I write "Stay out of
stocks" readers inevitably ask, "Do you mean precious metals mining stocks,
too?" No, I don't. Be advised and warned: Do NOT use these commentaries to trade
futures contracts. I don't intend them for that or write them with that outlook.
I write them for long-term investors in physical metals. Take them as
entertainment, but not as a timing service for futures.
MCD MSN Stock Quotes DJIA Stock market Index McDonalds Dow Jones Industrial Average Data Open review
The DJIA was able to break from the pattern of negative close values last
session. The Dow Jones, along with the Nasdaq and S&P 500 initiated a rebound
during the latter half of the trading session yesterday. The change in trends
surprised many as they held through end of day close last session. The positive
close for the DJI was significant yesterday in that the index had to recover
after being lower on the day by over 165 points. It did however recover and
ended the session green by 30 points. Specifically, the Dow Jones Industrial
Average moved higher on the day and finished at 11,896. The finish above
break-even was also significant for the Dow Jones in that it ended a pattern of
negative finishes. Before last session close, the Dow Jones Industrial Average
had finished in the red for eight consecutive days. The Dow had not seen a
consecutive negative streak like this past one in decades. Had the streak
reached a ninth day, one would have to go back to the 1970s to find a similar
negative streak. Component stocks that make up the Dow have been feeling the
pressure as well considering the current market climate. McDonalds Corp is one
of those companies, but last session close was positive for the restaurant
chain. MCD moved higher by .56 percent on the day and according to MSN Money
stock quotes, ended the day green at 85.54. Frank Matto
session. The Dow Jones, along with the Nasdaq and S&P 500 initiated a rebound
during the latter half of the trading session yesterday. The change in trends
surprised many as they held through end of day close last session. The positive
close for the DJI was significant yesterday in that the index had to recover
after being lower on the day by over 165 points. It did however recover and
ended the session green by 30 points. Specifically, the Dow Jones Industrial
Average moved higher on the day and finished at 11,896. The finish above
break-even was also significant for the Dow Jones in that it ended a pattern of
negative finishes. Before last session close, the Dow Jones Industrial Average
had finished in the red for eight consecutive days. The Dow had not seen a
consecutive negative streak like this past one in decades. Had the streak
reached a ninth day, one would have to go back to the 1970s to find a similar
negative streak. Component stocks that make up the Dow have been feeling the
pressure as well considering the current market climate. McDonalds Corp is one
of those companies, but last session close was positive for the restaurant
chain. MCD moved higher by .56 percent on the day and according to MSN Money
stock quotes, ended the day green at 85.54. Frank Matto
Randgold CEO says no plans to hedge gold output
Randgold CEO says no plans to hedge gold output MarketWatch - 19 hours ago By
Alex MacDonald LONDON -(MarketWatch)- UK-listed, Africa-based Randgold Resources
Ltd. /quotes/zigman/88377/quotes/nls/gold GOLD -0.27% doesnt have any plans to
hedge its gold production ... UPDATE 1-Randgold Q2 profit jumps 253 pct to
$128.4 mln - Reuters Randgold CEO: Russia Is One Of Last Three Big Gold
Frontiers - FOX Business RTT News - Reuters Africa - 4-traders
Alex MacDonald LONDON -(MarketWatch)- UK-listed, Africa-based Randgold Resources
Ltd. /quotes/zigman/88377/quotes/nls/gold GOLD -0.27% doesnt have any plans to
hedge its gold production ... UPDATE 1-Randgold Q2 profit jumps 253 pct to
$128.4 mln - Reuters Randgold CEO: Russia Is One Of Last Three Big Gold
Frontiers - FOX Business RTT News - Reuters Africa - 4-traders
GE MSn Money Quotes DJIA stock Market Finance News Open Review August 4th 2011
The DJIA finally was able to avoid another consecutive trading session close on
the negative side of break-even. The major indices in the U.S. have been
pressured over the past week and last sessions positive close was a bit of a
surprise. The rebound happened during the latter half of the trading session and
ended with the Dow, Nasdaq and S&P 500 posting green across the primary stock
index tracking boards. Specifically, the Dow Jones Industrial Average closed out
the last session higher by .25 percent or 29.82 and finished the day at
11,896.44. At one point, the Dow Jones Industrial Average had been down by more
than 165 points, but was able to make a turnaround and climb the ladder. Had the
Dow Jones not finished in the green, it would have equaled the worst losing
streak for the composite in decades. As it stands, the negative string of days
for the DJI ends at eight. The index finished strong for the day but component
stocks continue to feel the pressure. General Electric stock was able to finish
off the day in the green though. GE finished higher on the day by 1.51 percent
or +.26 and closed out at 17.47 according to MSN Money. Frank Matto
the negative side of break-even. The major indices in the U.S. have been
pressured over the past week and last sessions positive close was a bit of a
surprise. The rebound happened during the latter half of the trading session and
ended with the Dow, Nasdaq and S&P 500 posting green across the primary stock
index tracking boards. Specifically, the Dow Jones Industrial Average closed out
the last session higher by .25 percent or 29.82 and finished the day at
11,896.44. At one point, the Dow Jones Industrial Average had been down by more
than 165 points, but was able to make a turnaround and climb the ladder. Had the
Dow Jones not finished in the green, it would have equaled the worst losing
streak for the composite in decades. As it stands, the negative string of days
for the DJI ends at eight. The index finished strong for the day but component
stocks continue to feel the pressure. General Electric stock was able to finish
off the day in the green though. GE finished higher on the day by 1.51 percent
or +.26 and closed out at 17.47 according to MSN Money. Frank Matto
djia today dji Dow Jones Industrial Average stock market investing Nasdaq S&P 500 Index money profit finance news open
The Dow Jones Industrial Average, Nasdaq and S&P 500 rebounded during the
latter half of the last session to close out the day on the positive side of
breakeven. The positive close helped the DJIA avoid its ninth consecutive close
in the red and investors felt a slight sigh of relief. No major catalyst can be
fingered for causing the turn around with stocks yesterday as economic posts
were generally flat to somewhat negatively skewed. The major index composites
finished green across the board however. The DJI closed out higher by 30 points
at 11,896. The Nasdaq closed higher by 20 points at 2,313 and the S&P 500
finished out higher by 6 points to close at 1,260. This was good news. The
negative side is that there is still a negative side. Weak economic reports have
been ample over the past week and investors worries continue to fester. Safe
haven gold prospered in this environment and hit a record 1,675.90 per troy
ounce at one point during the last trading session. Scheduled for today,
investors will look to the Labor Departments report on weekly initial jobless
claims. Most eyes will look ahead to the highly anticipated jobs report
scheduled to post on Friday. Investors hope to see the green trends continue
during the latter half of the week. Frank Matto
latter half of the last session to close out the day on the positive side of
breakeven. The positive close helped the DJIA avoid its ninth consecutive close
in the red and investors felt a slight sigh of relief. No major catalyst can be
fingered for causing the turn around with stocks yesterday as economic posts
were generally flat to somewhat negatively skewed. The major index composites
finished green across the board however. The DJI closed out higher by 30 points
at 11,896. The Nasdaq closed higher by 20 points at 2,313 and the S&P 500
finished out higher by 6 points to close at 1,260. This was good news. The
negative side is that there is still a negative side. Weak economic reports have
been ample over the past week and investors worries continue to fester. Safe
haven gold prospered in this environment and hit a record 1,675.90 per troy
ounce at one point during the last trading session. Scheduled for today,
investors will look to the Labor Departments report on weekly initial jobless
claims. Most eyes will look ahead to the highly anticipated jobs report
scheduled to post on Friday. Investors hope to see the green trends continue
during the latter half of the week. Frank Matto
Are Cigarette Stocks Smokin' with those High Yields?
There are many socially responsible mutual funds that avoid tobacco companies,
and many investors also do likewise. However, if you have no qualms about
investing in the producers of cigarettes, you might want to take a look at the
list of high yielding tobacco companies at WallStreetNewsNetwork.com, many of
which yield in excess of 3%. One high yielder is Lorillard (LO) which has a
payout of 4.7%. The stock, which markets the Newport, Kent, True, Maverick, Old
Gold, and Max brands, trades at 13 times forward earnings. Earnings for the
latest quarter were up 6.9% on a 14.4% increase in revenues. Another example is
Reynolds American Inc. (RAI), which makes and markets cigarettes and other
tobacco products including the Camel, Kool, Pall Mall, Doral, Winston, Salem,
Misty, Capri, Dunhill, and Natural American Spirit brands. The stock has a
forward price to earnings ratio of 13.1, and sports a yield of 5.7%. Vector
Group Ltd. (VGR) is a Florida based tobacco company that has many brands of
cigarettes including Liggett, Grand Prix, Eve, Pyramid, USA and nicotine-free
Quest. The stock has a price to earnings ratio of 22, and pays a yield of 8.9%.
Altria Group Inc. (MO) is a Virginia based company that makes and markets
cigarettes, cigars, and beer. It is the largest cigarette company by market cap
in the US. The stock has a forward PE of 12.2, and pays a yield of 5.7%. For a
list of all the high yield tobacco stocks , which and be downloaded, sorted, and
updated, go to WallStreetNewsNetwork.com. If you haven't seen the graphic color
anti smoking pictures which will be appearing on cigarette packs , you should
check them out. (Warning: some of them are gross.) Disclosure: Author did not
own any of the above at the time the article was written. By Stockerblog.com
and many investors also do likewise. However, if you have no qualms about
investing in the producers of cigarettes, you might want to take a look at the
list of high yielding tobacco companies at WallStreetNewsNetwork.com, many of
which yield in excess of 3%. One high yielder is Lorillard (LO) which has a
payout of 4.7%. The stock, which markets the Newport, Kent, True, Maverick, Old
Gold, and Max brands, trades at 13 times forward earnings. Earnings for the
latest quarter were up 6.9% on a 14.4% increase in revenues. Another example is
Reynolds American Inc. (RAI), which makes and markets cigarettes and other
tobacco products including the Camel, Kool, Pall Mall, Doral, Winston, Salem,
Misty, Capri, Dunhill, and Natural American Spirit brands. The stock has a
forward price to earnings ratio of 13.1, and sports a yield of 5.7%. Vector
Group Ltd. (VGR) is a Florida based tobacco company that has many brands of
cigarettes including Liggett, Grand Prix, Eve, Pyramid, USA and nicotine-free
Quest. The stock has a price to earnings ratio of 22, and pays a yield of 8.9%.
Altria Group Inc. (MO) is a Virginia based company that makes and markets
cigarettes, cigars, and beer. It is the largest cigarette company by market cap
in the US. The stock has a forward PE of 12.2, and pays a yield of 5.7%. For a
list of all the high yield tobacco stocks , which and be downloaded, sorted, and
updated, go to WallStreetNewsNetwork.com. If you haven't seen the graphic color
anti smoking pictures which will be appearing on cigarette packs , you should
check them out. (Warning: some of them are gross.) Disclosure: Author did not
own any of the above at the time the article was written. By Stockerblog.com
Randgold's Bristow Expects Higher Earnings Next Quarter
Randgolds Bristow Expects Higher Earnings Next Quarter Washington Post - 3
hours ago Aug. 4 (Bloomberg) -- Mark Bristow, chief executive officer of
Randgold Resources Ltd., talks about the companys financial results and the
outlook for gold prices. He speaks with Francine Lacqua ...
hours ago Aug. 4 (Bloomberg) -- Mark Bristow, chief executive officer of
Randgold Resources Ltd., talks about the companys financial results and the
outlook for gold prices. He speaks with Francine Lacqua ...
Check Out the Hottest Asia and Latin America Stocks
Emerging market headlines have been dominated by China's economic slowdown.
We all know how important it is for China and Chinese stocks to continue to grow
and fuel the global recovery, so this was unsettling. But when you look at the
details of China GDP numbers, it's ridiculous that investors are worried for
even a second. The official GDP slowed to a 9.5% annual pace in the second
quarter, down from 9.7%. Are you kidding me? GDP that slows to 9.5% is like
being on the highway and slowing from 160 miles per hour to 155 miles per hour.
China's economic engine is stronger than ever and it's fueling profits for
multi-international companies. The Bank of Japan has also been surprisingly
upbeat as Japan recovers from its devastating earthquake and tsunami, which
bodes well for Asia and worldwide economic growth, since Japan operates the
world's third-largest economy. The supply-chain issues arising from the
earthquake and tsunami have started to resolve and Japan is returning to
normalcy. This is great news for the global recovery. Latin America too is
experiencing explosive growth. This is a part of the world that is very rich in
natural resources and with commodity prices on the rise, its nations are
benefiting. This is helping to boost the value of its exports and its economy
and create a middle class that will take GDP to the next level. You should not
sit on the sidelines and let this global growth pass you by. You can directly
benefit from Asia's rapidly growing middle class through stock plays in Baidu
(NASDAQ: BIDU ), China's largest Internet search engine, Borgwarner Inc .
(NYSE: BWA ), which sells auto components and Las Vegas Sands Corp. (NYSE: LVS
), which operates hotels, restaurants and gaming properties. The same goes for
Tata Motors Ltd. (NYSE: TTM ), which is catering to insatiable demand for
affordable cars among India's burgeoning middle class. In Latin America,
consider a position in Companhia De Bebidas Das Americas (NYSE: ABV ), a
Brazilian beverage company as well as with DirecTV (NASDAQ: DTV ). Much of
Central and South America lack the installed infrastructure base that we have in
the United States and it's a lot easierand less expensive for DirecTVto
provide television content via roof-mounted satellite dishes than it is for
competitors to snake millions of miles of cable through the ground. Lastly
technology stocks Apple (NASDAQ: AAPL ), ARMH Holdings PLC (NASDAQ: ARMH ) and
F5 Networks (NASDAQ: FFIV ) have tremendous international sales and are
benefiting from market trends like the 4G revolution, demand for faster
broadband and cloud computing, as well as an unquenchable thirst for all those
nifty smartphones and tablets. Apple's Q2 iPhone sales in China alone, for
instance, jumped to $3.8 billion, a sixfold increase from last year! Each one of
the companies I just mentioned not only profits from strong international sales,
but gets an added boost when they convert those sales into U.S. dollars. With
our current economic slowdown and inability to raise interest rates, the value
of the dollar is sliding against other currencies and boosting the bottom line
of companies with foreign sales.
We all know how important it is for China and Chinese stocks to continue to grow
and fuel the global recovery, so this was unsettling. But when you look at the
details of China GDP numbers, it's ridiculous that investors are worried for
even a second. The official GDP slowed to a 9.5% annual pace in the second
quarter, down from 9.7%. Are you kidding me? GDP that slows to 9.5% is like
being on the highway and slowing from 160 miles per hour to 155 miles per hour.
China's economic engine is stronger than ever and it's fueling profits for
multi-international companies. The Bank of Japan has also been surprisingly
upbeat as Japan recovers from its devastating earthquake and tsunami, which
bodes well for Asia and worldwide economic growth, since Japan operates the
world's third-largest economy. The supply-chain issues arising from the
earthquake and tsunami have started to resolve and Japan is returning to
normalcy. This is great news for the global recovery. Latin America too is
experiencing explosive growth. This is a part of the world that is very rich in
natural resources and with commodity prices on the rise, its nations are
benefiting. This is helping to boost the value of its exports and its economy
and create a middle class that will take GDP to the next level. You should not
sit on the sidelines and let this global growth pass you by. You can directly
benefit from Asia's rapidly growing middle class through stock plays in Baidu
(NASDAQ: BIDU ), China's largest Internet search engine, Borgwarner Inc .
(NYSE: BWA ), which sells auto components and Las Vegas Sands Corp. (NYSE: LVS
), which operates hotels, restaurants and gaming properties. The same goes for
Tata Motors Ltd. (NYSE: TTM ), which is catering to insatiable demand for
affordable cars among India's burgeoning middle class. In Latin America,
consider a position in Companhia De Bebidas Das Americas (NYSE: ABV ), a
Brazilian beverage company as well as with DirecTV (NASDAQ: DTV ). Much of
Central and South America lack the installed infrastructure base that we have in
the United States and it's a lot easierand less expensive for DirecTVto
provide television content via roof-mounted satellite dishes than it is for
competitors to snake millions of miles of cable through the ground. Lastly
technology stocks Apple (NASDAQ: AAPL ), ARMH Holdings PLC (NASDAQ: ARMH ) and
F5 Networks (NASDAQ: FFIV ) have tremendous international sales and are
benefiting from market trends like the 4G revolution, demand for faster
broadband and cloud computing, as well as an unquenchable thirst for all those
nifty smartphones and tablets. Apple's Q2 iPhone sales in China alone, for
instance, jumped to $3.8 billion, a sixfold increase from last year! Each one of
the companies I just mentioned not only profits from strong international sales,
but gets an added boost when they convert those sales into U.S. dollars. With
our current economic slowdown and inability to raise interest rates, the value
of the dollar is sliding against other currencies and boosting the bottom line
of companies with foreign sales.
Top 10 Fastest-Growing Mid-Cap Stocks: LNKD, ACI, TXT, UTHR, CPN, CXO, YOKU, COG, BEXP, QLIK (Aug 03, 2011)
Below are the top 10 fastest-growing Mid-Cap stocks, based on the average
long-term earnings growth rate estimated by Wall Street analysts. One Chinese
company (YOKU) is on the list. Linkedin Corporation (NYSE:LNKD) is the 1st
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 87.8%. This number is based on the average estimate of
4 brokerage analyst(s). Arch Coal Inc (NYSE:ACI) is the 2nd fastest-growing
stock in this segment of the market. Its long-term annual EPS growth is expected
to be 64.6%. This number is based on the average estimate of 3 brokerage
analyst(s). Textron Inc. (NYSE:TXT) is the 3rd fastest-growing stock in this
segment of the market. Its long-term annual EPS growth is expected to be 59.9%.
This number is based on the average estimate of 4 brokerage analyst(s). United
Therapeutics Corporation (NASDAQ:UTHR) is the 4th fastest-growing stock in this
segment of the market. Its long-term annual EPS growth is expected to be 59.6%.
This number is based on the average estimate of 8 brokerage analyst(s). Calpine
Corporation (NYSE:CPN) is the 5th fastest-growing stock in this segment of the
market. Its long-term annual EPS growth is expected to be 52.9%. This number is
based on the average estimate of 3 brokerage analyst(s). Concho Resources Inc.
(NYSE:CXO) is the 6th fastest-growing stock in this segment of the market. Its
long-term annual EPS growth is expected to be 46.4%. This number is based on the
average estimate of 5 brokerage analyst(s). Youku.com Inc (ADR) (NYSE:YOKU) is
the 7th fastest-growing stock in this segment of the market. Its long-term
annual EPS growth is expected to be 45.0%. This number is based on the average
estimate of 3 brokerage analyst(s). Cabot Oil & Gas Corporation (NYSE:COG) is
the 8th fastest-growing stock in this segment of the market. Its long-term
annual EPS growth is expected to be 40.3%. This number is based on the average
estimate of 3 brokerage analyst(s). Brigham Exploration Company (NASDAQ:BEXP) is
the 9th fastest-growing stock in this segment of the market. Its long-term
annual EPS growth is expected to be 38.5%. This number is based on the average
estimate of 4 brokerage analyst(s). Qlik Technologies Inc (NASDAQ:QLIK) is the
10th fastest-growing stock in this segment of the market. Its long-term annual
EPS growth is expected to be 38.3%. This number is based on the average estimate
of 3 brokerage analyst(s).
long-term earnings growth rate estimated by Wall Street analysts. One Chinese
company (YOKU) is on the list. Linkedin Corporation (NYSE:LNKD) is the 1st
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 87.8%. This number is based on the average estimate of
4 brokerage analyst(s). Arch Coal Inc (NYSE:ACI) is the 2nd fastest-growing
stock in this segment of the market. Its long-term annual EPS growth is expected
to be 64.6%. This number is based on the average estimate of 3 brokerage
analyst(s). Textron Inc. (NYSE:TXT) is the 3rd fastest-growing stock in this
segment of the market. Its long-term annual EPS growth is expected to be 59.9%.
This number is based on the average estimate of 4 brokerage analyst(s). United
Therapeutics Corporation (NASDAQ:UTHR) is the 4th fastest-growing stock in this
segment of the market. Its long-term annual EPS growth is expected to be 59.6%.
This number is based on the average estimate of 8 brokerage analyst(s). Calpine
Corporation (NYSE:CPN) is the 5th fastest-growing stock in this segment of the
market. Its long-term annual EPS growth is expected to be 52.9%. This number is
based on the average estimate of 3 brokerage analyst(s). Concho Resources Inc.
(NYSE:CXO) is the 6th fastest-growing stock in this segment of the market. Its
long-term annual EPS growth is expected to be 46.4%. This number is based on the
average estimate of 5 brokerage analyst(s). Youku.com Inc (ADR) (NYSE:YOKU) is
the 7th fastest-growing stock in this segment of the market. Its long-term
annual EPS growth is expected to be 45.0%. This number is based on the average
estimate of 3 brokerage analyst(s). Cabot Oil & Gas Corporation (NYSE:COG) is
the 8th fastest-growing stock in this segment of the market. Its long-term
annual EPS growth is expected to be 40.3%. This number is based on the average
estimate of 3 brokerage analyst(s). Brigham Exploration Company (NASDAQ:BEXP) is
the 9th fastest-growing stock in this segment of the market. Its long-term
annual EPS growth is expected to be 38.5%. This number is based on the average
estimate of 4 brokerage analyst(s). Qlik Technologies Inc (NASDAQ:QLIK) is the
10th fastest-growing stock in this segment of the market. Its long-term annual
EPS growth is expected to be 38.3%. This number is based on the average estimate
of 3 brokerage analyst(s).
Subscribe to:
Posts (Atom)
LinkWithin
