Gold and silver prices received additional attention due to a negative trading
session in the U.S. As the stock indices in the U.S. moved lower, price per
ounce rates for contract gold and silver moved higher. Safe haven interest for
precious metals gold and silver increased on a day when economic reports were
mixed and stock indices ultimately dropped lower overall. It was an up and down
trading session in the U.S., but the negatively skewed posts eventually applied
more negative weight then investors could bear. The Dow Jones Industrial
Average, as well as the Nasdaq and the S&P 500, closed out the last session red.
Specifically, the Dow Jones Industrial Average closed out red by 1.04 percent at
11,295.81. Initial jobless claims posted higher than many anticipated. This post
added to the general worry investors maintain regarding the economic progress in
the U.S. As a result, investors positioned more with safe havens. Gold contract
for December delivery finished the last session higher by 2.20 percent at
1857.50 per troy ounce and contract silver for December delivery moved higher by
2.16 percent at 42.53 per troy ounce. After last session close, but prior to
todays session open, spot gold and spot silver pushed further into the green.
Spot gold per gram was higher by 1.41 at 59.73 and spot silver per ounce was
higher by .67 at 42.24. Camillo Zucari
Thursday, September 8, 2011
Gold & silver bounced back | oil prices slipped – September 8
Gold and silver prices bounced back yesterday and erased most of loses they have
had at the beginning of the week.
had at the beginning of the week.
Gold Miners ETF Should Continue to Shine
Market Vectors Gold Miners ETF (AMEX: GDX ) This exchange-traded fund (ETF)
seeks to replicate the price-and-yield performance of the AMEX Gold Miners
Index. The fund generally normally invests at least 80% of its total assets in
the common stocks of companies involved the gold mining industry. Gold has been
a strong performer for almost all of 2011, but gold mining stocks have made slow
progress. Now, however, GDX has broken from a triple-top as a result of the
miners cashing in on the high price of the metal and their ability to dig for
gold that was previously not economically feasible.
seeks to replicate the price-and-yield performance of the AMEX Gold Miners
Index. The fund generally normally invests at least 80% of its total assets in
the common stocks of companies involved the gold mining industry. Gold has been
a strong performer for almost all of 2011, but gold mining stocks have made slow
progress. Now, however, GDX has broken from a triple-top as a result of the
miners cashing in on the high price of the metal and their ability to dig for
gold that was previously not economically feasible.
Perfect Stocks: High Cash No Debt High Yield Stocks
XCSFDHG46767FHJHJF
dow2664 What would make a perfect stock? One feature that I look for is a stock that is debt free. It is difficult for a company to go out of business when it has no debt. Then I also prefer stocks that pay dividends. Dividends provide stability to the stocks and accelerate the return of capital. The other criteria I like to see is lots of cash. The more cash per share a company has compared to its stock price, the better. Cash is a great cushion during downturns. WallStreetNewsNetwork.com just updated its free list of High Cash No Debt High Yield Stocks , and includes more than 20 companies, showing the stock symbol, market cap, forward price-to-earnings ratio, cash per share, yield, and cash per share as a percentage of stock price. An example is Cato Corp. (CATO), which is a North Carolina based specialty retailer of fashion apparel and accessories in the southeastern US. This debt free company has $9 in cash per share representing about 36% of the recent price per share. On top of that, the current yield is 3.8% after the company increased the dividend rate by 16.5%. Earnings for the latest quarter were up 13% on a slight increase in revenues. Garmin Ltd. (GRMN) is a $5.85 billion market cap debt free company that makes global positioning systems, also known as GPS products. The stock sports a 5% yield after doubling its payout rate over last year. It trades at 15.4 times forward earnings. It has a decent cushion of $7.63 in cash per share. Superior Industries International, Inc. (SUP), a manufacturer of aluminum road wheels, pays a yield of 4% and carries a forward price to earnings ratio of 10.8. The stock has a substantial $5.51 in cash per share and has no debt. Weis Markets (WMK), a retail supermarket chain, which is another debt free company, has $5.17 in cash per share, a PE ratio of 15, and a yield of 3.1%. To see the entire list of High Cash No Debt High Yield Stocks , which you can sort, change, and update, go to WallStreetNewsNetwork.com. Disclosure: Author does not own any of the above. By Stockerblog.com
The REALITY of the American Jobs Act – 7 Key Obama Issues
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace President Barack Obama spoke before a joint session of Congress on Thursday night to unveil his American Jobs Act. The headline facts: It's a $447 billion effort that focuses on job creation and tax cuts, and will be 100% paid for by yet-to-be-named reductions in spending. Of course, the devil is in the detail. So here's my analysis of the key points – and my effort to separate fact from fiction, and realistic expectations from political posturing. Payroll Tax Cuts: Likely to happen, minimal impact. President Barack Obama pitched a redoubled payroll tax cut that would focus on both workers and businesses alike. The current payroll-tax reduction is set to expire in December, and had reduced Social Security taxes from 6.2% to 4.2%. Obama wants the cut not just sustained, but to go deeper in 2012 – pushing the rate down to 3.1%. Employers who were paying the full 6.2% rate would also get a cut this time around, too. House Republican leader Eric Cantor was repotrtedly won over by cuts for businesses, so the GOP can get behind this part of the bill. Of course passage and impact are two different questions. The previous payroll cut hasn't exactly caused an economic boom, so it's unlikely that these tax reductions alone can move the needle or spur hiring. Consider that workers making $50,000 a year would see their take-home pay boosted by $1,550. A small comfort, but not much. Road and School Construction: A tough sell, but would have decent impact . Obama went out of his way to avoid the term "stimulus." That's because government spending has fallen out of favor as an economic remedy since Obama proposed his $787 billion American Reinvestment and Recovery Act right after taking office in 2009. However, when the non-partisan Congressional Budget Office broke down the true impact of that initial stimulus, the direct spending by federal and local governments had the biggest "multiplier" effect and got a significant return on investment – and bolstered GDP by the biggest amount. Tax cuts for the wealthy, for corporations and first-time homebuyers had the smallest impact – so indeed there was waste in the initial stimulus. But infrastructure projects would create real jobs if Congress can come up with the money. That's a very hard sell these days. (Read more in my column, "7 ugly truths of the 2009 Obama stimulus plan") National infrastructure bank: Never going to happen. The far left of the Democratic party urged Obama not to deliver a jobs bill that was designed just to win GOP approval. In a nod to his most liberal supporters who want an FDR-like Works Progress Administration effort, Obama floated the idea of an infrastructure bank to ensure transportation projects and school construction and a host of other projects can really ramp up beyond an initial push via stimulus. But House Majority Leader Eric Cantor derided a proposal as just a chance for bureaucrats running amok and a "Fannie and Freddie for roads and bridges." In short, the GOP will go to the mat on this one. Consider it dead in the water – any possible impact is academic. Unemployment benefit extensions: Maybe will pass, minimal impact. Republicans have been none-too-pleased with the idea of extending unemployment benefits. That's because the current cap is 99 weeks – almost two years – which is hard to justify in an era when austerity is in focus and such long-term relief seems like a handout. Democrats argue a stop on those unemployment checks would slice a huge amount of money out of the economy that was guaranteed to be spent on consumer staples, and most experts agree that this baseline demand is crucial to at least keeping the economy stable. Obama has tread the middle ground by packaging the extension with an initiative modeled after the GOP brainchild Georgia Works – a program lets businesses try out new workers without having to pay them. Long-term unemployed will get benefits extended by Uncle Sam if they join up in such a program, essentially meaning they get paid by the government and not their "employer." The bridge to work plan could make jobless benefit extensions palatable for Republicans, giving this a shot at passing. Of course, this is simply maintaining the status quo by keeping the lights on the fridge stocked. It's hardly a true job creation initiative and will have little impact on growth. Mortgage refinancing: Long shot, questionable impact. As I mentioned with the infrastructure proposals, the biggest waste in the
Gold and Silver Prices Today Proved that You’d Better Not Turn Your Back on Them or Short Them
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold Price Close Today : 1854.40 Change : 40.20 or 2.2% Silver Price Close Today : 42.479 Change : 0.907 or 2.2% Gold Silver Ratio Today : 43.65 Change : 0.015 or 0.0% Silver Gold Ratio Today : 0.02291 Change : -0.000008 or 0.0% Platinum Price Close Today : 1861.70 Change : 39.90 or 2.2% Palladium Price Close Today : 757.20 Change : 3.75 or 0.5% S&P 500 : 1,186.25 Change : -12.37 or -1.0% Dow In GOLD$ : $126.10 Change : $ (3.96) or -3.0% Dow in GOLD oz : 6.100 Change : -0.191 or -3.0% Dow in SILVER oz : 266.29 Change : -8.29 or -3.0% Dow Industrial : 11,311.82 Change : -103.04 or -0.9% US Dollar Index : 76.24 Change : 0.775 or 1.0% This will be my last commentary until I return from vacation on 19 September. I’ll miss y’all. goldprice.org will publish daily closing prices during Franklin’s vacation. GOLD and SILVER PRICES today proved that you’d better not turn your back on them or short them. Confirms my suspicion hinted at yesterday that this will NOT prove a deep or long correction. SILVER and GOLD PRICES will begin rallying again, soon. Euro finally tanked today, now at 1.3892, down 1.15%. On its way to 1.2000. Whole continent coming apart, especially Greece. May manage to cobble it together, but the eurocrats aren’t working toward it speedily. US DOLLAR INDEX is breaking through top of resistance at 72, now 72.242, up 77.5 basis points or 1%. Rally has begun, but be not fooled, be not gulled, be not seduced. Huge head and shoulders $ index target points to 39 [sic]. It may tarry, but it will come. Stocks have sunk here at 2:55 to 11,311.82, down 103.04. S&P 500 down 12.37, at 1,186.25. Stocks — the key to prosperity (a couple of decades from now). The GOLD PRICE rose $40.20 to close Comex at $1,854.40, then has risen another $14 in the aftermarket to $1,868.50. Plainly gold does not want to tarry below $1,820. Watch that level, and $1,800, but looks like it will move sideways a day or two, await the O’Bama’s bloviating, then rally again. Close above $1,920 will carry it to $2,100. The SILVER PRICE rose 90.7c, as the gold/silver ratio and silver’s barely lower close yesterday hinted to us. Closed Comex at 4247.9c, with a 4262 high. Again, no great correction will happen here before silver rallies once again. Must hold 4050c to make that come true. Grasp this, remember this, never forget this: SILVER and GOLD PRICES are in a bull market, stocks and the dollar in a bear market. Silver and gold tomorrow will be worth more than silver and gold today; stocks and dollars tomorrow will be worth LESS than stocks and dollars today. Align your assets accordingly, or suffer with the deceived masses waiting for Washington to save them. 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.
Todays Dow Jones Index: DJX DJIA, Nasdaq, S&P 500 Stock Market Investing News Close; Gold Price Per Ounce Rise Today
XCSFDHG46767FHJHJF
dow2664 It appeared, prior to opening bell this morning, that the DJIA and other primary indices in the U.S. would continue to trend in positive territory for a second straight day. Investor optimism is wavering and the trends were up and down today however. Economic posts have been mixed. Global reports regarding the ongoing debt crisis in Greece still plagues investors and U.S. news today posted weaker than expected. The first time claims data via the Labor Department was worse than expected. According to the Labor Department, the number of people applying for unemployment benefits moved higher by 2,000 to 414,000 last week. Economists expected that claims would drop and so the news of the rise was not well received. In addition, Federal Reserve Chairman Ben Bernanke spoke today but did not affirm any beliefs that the Feds would quickly move to stimulate the economy. The primary stock indices continued to drop lower as close approached. The Dow Jones Industrial Average was negative by .61 percent at 11,345. The Nasdaq was lower by .43 percent at 2,538 and the S&P 500 was red by .69 percent at 1,190. The dollar gained today versus the euro and gold futures were on the rise. Gold contract was higher by 2.20 percent at 1857.50 per troy ounce as close finalized in the U.S. today. Frank Matto
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Gold Climbs in Wake of Weak Jobs Report
Gold was moving higher early Thursday after the U.S. Department of Labor
reported worse-than-expected weekly unemployment claims for the week ended Sept.
3. Spot gold was up $37.70 per ounce, more than 2%, hitting a high of $1,866.60
and a low of $1,839.20. Spot silver was up 76 cents per ounce, hitting an early
Thursday high of $42.77 and a low of $42.06. The London p.m. fix price for spot
gold was set at $1,855. The London a.m. silver price fix came in at $42.14,
according to Kitco market data . The Labor Department reported that seasonally
adjusted weekly jobless claims totaled 414,000 the week ended Sept. 3, a weekly
increase of 2,000. The four-week moving average totaled 414,750, an increase of
3,750 from the previous weeks revised 411,000. Market participants awaited
President Barack Obamas speech and expected announcement of a jobs stimulus
program Thursday night, as well as a speech later Thursday from Federal Reserve
Chairman Ben Bernanke. Gold and silver trusts were higher in exchange trading
early Thursday. The SPDR Gold Trust (NYSE: GLD ) was showing gains of around
1.7%. The iShares Gold Trust (NYSE: IAU ) was up about the same. The iShares
Silver Trust (NYSE: SLV ) was around 1.3% higher. Gold and silver mining ETFs
were higher as well. The Market Vectors Gold Miners ETF (NYSE: GDX ) was up more
than 1.6%. The Market Vector Junior Gold Miners ETF (NYSE: GDXJ ) was around
2.8% higher. The Global X Silver Miners ETF (NYSE: SIL ) was showing gains of
around 1.75%. Shares of gold miners were showing broad gains, with Newmont
Mining up strongly but NovaGold Resources down sharply. Agnico Eagle Mines (USA)
(NYSE: AEM ) was nearly 1% higher. Barrick Gold Corp. (NYSE: ABX ) was up around
1.5%. Goldcorp (NYSE: GG ) was trading around 1.3% higher. Newmont Mining Corp.
(NYSE: NEM ) was up over 3%. NovaGold Resources (USA) (AMEX: NG ) was down
between 4% and 5%. Silver mining shares also were showing gains early Thursday.
Coeur DAlene Mines Corp. (NYSE: CDE ) was around 0.8% higher. Hecla Mining
(NYSE: HL ) was up 2.25%. Pan American Silver Corp. (USA) (NASDAQ: PAAS ) was
around 1.4% higher. Silver Wheaton Corp. (USA) (NYSE: SLW ) was moving between
slight gains and losses. Silver Standard Resources Inc. (USA) (NASDAQ: SSRI )
was up around 1.2%. The author does not hold positions in any of the
above-mentioned investments.
reported worse-than-expected weekly unemployment claims for the week ended Sept.
3. Spot gold was up $37.70 per ounce, more than 2%, hitting a high of $1,866.60
and a low of $1,839.20. Spot silver was up 76 cents per ounce, hitting an early
Thursday high of $42.77 and a low of $42.06. The London p.m. fix price for spot
gold was set at $1,855. The London a.m. silver price fix came in at $42.14,
according to Kitco market data . The Labor Department reported that seasonally
adjusted weekly jobless claims totaled 414,000 the week ended Sept. 3, a weekly
increase of 2,000. The four-week moving average totaled 414,750, an increase of
3,750 from the previous weeks revised 411,000. Market participants awaited
President Barack Obamas speech and expected announcement of a jobs stimulus
program Thursday night, as well as a speech later Thursday from Federal Reserve
Chairman Ben Bernanke. Gold and silver trusts were higher in exchange trading
early Thursday. The SPDR Gold Trust (NYSE: GLD ) was showing gains of around
1.7%. The iShares Gold Trust (NYSE: IAU ) was up about the same. The iShares
Silver Trust (NYSE: SLV ) was around 1.3% higher. Gold and silver mining ETFs
were higher as well. The Market Vectors Gold Miners ETF (NYSE: GDX ) was up more
than 1.6%. The Market Vector Junior Gold Miners ETF (NYSE: GDXJ ) was around
2.8% higher. The Global X Silver Miners ETF (NYSE: SIL ) was showing gains of
around 1.75%. Shares of gold miners were showing broad gains, with Newmont
Mining up strongly but NovaGold Resources down sharply. Agnico Eagle Mines (USA)
(NYSE: AEM ) was nearly 1% higher. Barrick Gold Corp. (NYSE: ABX ) was up around
1.5%. Goldcorp (NYSE: GG ) was trading around 1.3% higher. Newmont Mining Corp.
(NYSE: NEM ) was up over 3%. NovaGold Resources (USA) (AMEX: NG ) was down
between 4% and 5%. Silver mining shares also were showing gains early Thursday.
Coeur DAlene Mines Corp. (NYSE: CDE ) was around 0.8% higher. Hecla Mining
(NYSE: HL ) was up 2.25%. Pan American Silver Corp. (USA) (NASDAQ: PAAS ) was
around 1.4% higher. Silver Wheaton Corp. (USA) (NYSE: SLW ) was moving between
slight gains and losses. Silver Standard Resources Inc. (USA) (NASDAQ: SSRI )
was up around 1.2%. The author does not hold positions in any of the
above-mentioned investments.
Top 10 U.S.-Listed Chinese Stocks with Highest Upside: CIS, COGO, CAAS, SORL, ISS, ASIA, MY, CCIH, XUE, JKS (Sep 08, 2011)
Below are the top 10 U.S.-listed Chinese stocks with highest upside potential,
based on the difference between current price and Wall Street analysts average
target price. Camelot Information Systems Inc (ADR) (NYSE:CIS) has the 1st
highest upside potential in this segment of the market. Its upside is 280.1%.
Its consensus target price is $19.12 based on the average of all estimates. Cogo
Group, Inc. (NASDAQ:COGO) has the 2nd highest upside potential in this segment
of the market. Its upside is 204.2%. Its consensus target price is $7.67 based
on the average of all estimates. China Automotive Systems, Inc. (NASDAQ:CAAS)
has the 3rd highest upside potential in this segment of the market. Its upside
is 174.8%. Its consensus target price is $13.30 based on the average of all
estimates. Sorl Auto Parts, Inc. (NASDAQ:SORL) has the 4th highest upside
potential in this segment of the market. Its upside is 121.8%. Its consensus
target price is $7.88 based on the average of all estimates. iSoftStone Holdings
Ltd (ADR) (NYSE:ISS) has the 5th highest upside potential in this segment of the
market. Its upside is 120.0%. Its consensus target price is $17.60 based on the
average of all estimates. AsiaInfo-Linkage, Inc. (NASDAQ:ASIA) has the 6th
highest upside potential in this segment of the market. Its upside is 119.8%.
Its consensus target price is $23.19 based on the average of all estimates.
China Ming Yang Wind Power Group Ltd (NYSE:MY) has the 7th highest upside
potential in this segment of the market. Its upside is 118.2%. Its consensus
target price is $7.73 based on the average of all estimates. ChinaCache
Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) has the 8th highest upside potential in
this segment of the market. Its upside is 114.4%. Its consensus target price is
$14.58 based on the average of all estimates. Xueda Education Group (ADR)
(NYSE:XUE) has the 9th highest upside potential in this segment of the market.
Its upside is 109.1%. Its consensus target price is $12.00 based on the average
of all estimates. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has the 10th highest
upside potential in this segment of the market. Its upside is 107.1%. Its
consensus target price is $26.71 based on the average of all estimates.
based on the difference between current price and Wall Street analysts average
target price. Camelot Information Systems Inc (ADR) (NYSE:CIS) has the 1st
highest upside potential in this segment of the market. Its upside is 280.1%.
Its consensus target price is $19.12 based on the average of all estimates. Cogo
Group, Inc. (NASDAQ:COGO) has the 2nd highest upside potential in this segment
of the market. Its upside is 204.2%. Its consensus target price is $7.67 based
on the average of all estimates. China Automotive Systems, Inc. (NASDAQ:CAAS)
has the 3rd highest upside potential in this segment of the market. Its upside
is 174.8%. Its consensus target price is $13.30 based on the average of all
estimates. Sorl Auto Parts, Inc. (NASDAQ:SORL) has the 4th highest upside
potential in this segment of the market. Its upside is 121.8%. Its consensus
target price is $7.88 based on the average of all estimates. iSoftStone Holdings
Ltd (ADR) (NYSE:ISS) has the 5th highest upside potential in this segment of the
market. Its upside is 120.0%. Its consensus target price is $17.60 based on the
average of all estimates. AsiaInfo-Linkage, Inc. (NASDAQ:ASIA) has the 6th
highest upside potential in this segment of the market. Its upside is 119.8%.
Its consensus target price is $23.19 based on the average of all estimates.
China Ming Yang Wind Power Group Ltd (NYSE:MY) has the 7th highest upside
potential in this segment of the market. Its upside is 118.2%. Its consensus
target price is $7.73 based on the average of all estimates. ChinaCache
Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) has the 8th highest upside potential in
this segment of the market. Its upside is 114.4%. Its consensus target price is
$14.58 based on the average of all estimates. Xueda Education Group (ADR)
(NYSE:XUE) has the 9th highest upside potential in this segment of the market.
Its upside is 109.1%. Its consensus target price is $12.00 based on the average
of all estimates. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has the 10th highest
upside potential in this segment of the market. Its upside is 107.1%. Its
consensus target price is $26.71 based on the average of all estimates.
Apple Inc. (NASDAQ:AAPL) Takes Samsung Fight To Japan
Apple Inc. (NASDAQ:AAPL) has sued Samsung in Japan over patent violations.
Apple Inc. (NASDAQ:AAPL) Takes Samsung Fight To Japan According to a report that
appeared on Reuters, Apple Inc. (NASDAQ:AAPL) has sued Samsung Electronics in
Japan over violation of patents related to its products, including the iPhone
and iPad. It was reported that Apple Inc. (NASDAQ:AAPL) is seeking its rival's
suspension in the Japanese market, and compensation of $1.3 million. The Mac
Maker is currently fighting patent disputes on a number of fronts, including
with several tech giants including Samsung, HTC and others. Apple Inc.
(NASDAQ:AAPL) shares are currently standing at 383.93. Price History Last Price:
383.93 52 Week Low / High: 259.1 / 404.5 50 Day Moving Average: 371.64 6 Month
Price Change %: 6.7% 12 Month Price Change %: 46.8%
Apple Inc. (NASDAQ:AAPL) Takes Samsung Fight To Japan According to a report that
appeared on Reuters, Apple Inc. (NASDAQ:AAPL) has sued Samsung Electronics in
Japan over violation of patents related to its products, including the iPhone
and iPad. It was reported that Apple Inc. (NASDAQ:AAPL) is seeking its rival's
suspension in the Japanese market, and compensation of $1.3 million. The Mac
Maker is currently fighting patent disputes on a number of fronts, including
with several tech giants including Samsung, HTC and others. Apple Inc.
(NASDAQ:AAPL) shares are currently standing at 383.93. Price History Last Price:
383.93 52 Week Low / High: 259.1 / 404.5 50 Day Moving Average: 371.64 6 Month
Price Change %: 6.7% 12 Month Price Change %: 46.8%
Light Day for Dow as Traders Wait on Obama
After recent heavy action in morning sessions, the Dow Jones Industrial Average
was relatively light in Thursdays opening session and was up just 14 points to
11,428. Traders were waiting to hear what President Barack Obama has to say
Thursday night in his address to the nation about creating more jobs. Recent
jobless claims rose more than expected, and consumer confidence is at an
all-time low, with the great majority of Americans expecting economic matters to
worsen. Financials were off again as the Federal Reserve was considering moves
to revitalize the U.S. economy, according to a front-page article in Thursdays
Wall Street Journal . Bullish sentiment was at 55% in early-morning buying and
selling, with stocks hitting new highs outnumbering those hitting new lows by a
2-to-1 margin in the broader market. Bank of America (NYSE: BAC ) was continuing
in its role as the leading loser in the Dow for 2011, off by more than 2%, about
15 cents, to under $7.30. More layoffs and 600 branch shutdowns are ahead for
Bank of America, which recently announced major personnel changes that
essentially split the bank into two divisions: one to service consumers, the
other for commercial accounts. Bank of America is down more than 7% for the week
and more than 43% for the year. Financial sector woes continued with Travelers
(NYSE: TRV ), which was down about 1% to under $49.50, losing about 50 cents a
share. For the week, Travelers is up around 1% and up over 4% for the month.
Losing about 10 cents, or around 0.65%, to under $15.70 was General Electric
(NYSE: GE ). The U.S. reportedly is preparing to sue subprime lenders, which
could ensnare General Electric. A Warren Buffett favorite, GE is down more than
20% in the past six months of trading. Techs were leading the morning gainers,
with Cisco (NASDAQ: CSCO ) rising more than 2%, a gain of more than 30 cents per
share, to around $16.20. Cisco was upgraded to a "buy" by Auriga Securities
on Thursday morning. Cisco also was upgraded to a "buy" on Aug. 11 by
Wunderlich. Cisco is up more than 13% for the month but down more than 20% for
the year to date. Microsoft (NASDAQ: MSFT ) also was up more than 2% to over
$26.50, picking up more than 50 cents per share. Microsoft announced the signing
of several patent agreements this morning and is reported to be making a major
move into tablets. Many recent articles have suggested Microsoft might increase
its dividend and implement a share buyback program, as it has more than $50
billion in cash on the books. Coca-Cola (NYSE: KO ) was over $71 in early buying
and selling, up more than 40 cents, or 0.6%. Coca-Cola, viewed as a safe-haven
stock, is at its 52-week high. Coca-Cola is up more than 1.3% for the week, more
than 8% for the month, more than 9% for the quarter and more than 26% for the
year. Jonathan Yates does not own any of the stocks mentioned in this article.
was relatively light in Thursdays opening session and was up just 14 points to
11,428. Traders were waiting to hear what President Barack Obama has to say
Thursday night in his address to the nation about creating more jobs. Recent
jobless claims rose more than expected, and consumer confidence is at an
all-time low, with the great majority of Americans expecting economic matters to
worsen. Financials were off again as the Federal Reserve was considering moves
to revitalize the U.S. economy, according to a front-page article in Thursdays
Wall Street Journal . Bullish sentiment was at 55% in early-morning buying and
selling, with stocks hitting new highs outnumbering those hitting new lows by a
2-to-1 margin in the broader market. Bank of America (NYSE: BAC ) was continuing
in its role as the leading loser in the Dow for 2011, off by more than 2%, about
15 cents, to under $7.30. More layoffs and 600 branch shutdowns are ahead for
Bank of America, which recently announced major personnel changes that
essentially split the bank into two divisions: one to service consumers, the
other for commercial accounts. Bank of America is down more than 7% for the week
and more than 43% for the year. Financial sector woes continued with Travelers
(NYSE: TRV ), which was down about 1% to under $49.50, losing about 50 cents a
share. For the week, Travelers is up around 1% and up over 4% for the month.
Losing about 10 cents, or around 0.65%, to under $15.70 was General Electric
(NYSE: GE ). The U.S. reportedly is preparing to sue subprime lenders, which
could ensnare General Electric. A Warren Buffett favorite, GE is down more than
20% in the past six months of trading. Techs were leading the morning gainers,
with Cisco (NASDAQ: CSCO ) rising more than 2%, a gain of more than 30 cents per
share, to around $16.20. Cisco was upgraded to a "buy" by Auriga Securities
on Thursday morning. Cisco also was upgraded to a "buy" on Aug. 11 by
Wunderlich. Cisco is up more than 13% for the month but down more than 20% for
the year to date. Microsoft (NASDAQ: MSFT ) also was up more than 2% to over
$26.50, picking up more than 50 cents per share. Microsoft announced the signing
of several patent agreements this morning and is reported to be making a major
move into tablets. Many recent articles have suggested Microsoft might increase
its dividend and implement a share buyback program, as it has more than $50
billion in cash on the books. Coca-Cola (NYSE: KO ) was over $71 in early buying
and selling, up more than 40 cents, or 0.6%. Coca-Cola, viewed as a safe-haven
stock, is at its 52-week high. Coca-Cola is up more than 1.3% for the week, more
than 8% for the month, more than 9% for the quarter and more than 26% for the
year. Jonathan Yates does not own any of the stocks mentioned in this article.
Top 10 Best-Performing Micro Cap Stocks Year-to-Date: GENE, JVA, TSTF, AMPE, ICGN, COOL, AXK, ATAI, HNSN, EDAC (Sep 08, 2011)
Below are the top 10 best-performing Micro Cap stocks year-to-date. One Chinese
company (ATAI) is on the list. Genetic Technologies Limited (ADR) (NASDAQ:GENE)
is the 1st best-performing stock year-to-date in this segment of the market. It
has risen 526.54% since the beginning of this year. Its price percentage change
was 686.90% for the last 52 weeks. Coffee Holding Co., Inc. (NASDAQ:JVA) is the
2nd best-performing stock year-to-date in this segment of the market. It has
risen 425.54% since the beginning of this year. Its price percentage change was
329.67% for the last 52 weeks. TeamStaff, Inc. (NASDAQ:TSTF) is the 3rd
best-performing stock year-to-date in this segment of the market. It has risen
286.27% since the beginning of this year. Its price percentage change was
268.22% for the last 52 weeks. Ampio Pharmaceuticals, Inc. (NASDAQ:AMPE) is the
4th best-performing stock year-to-date in this segment of the market. It has
risen 243.13% since the beginning of this year. Its price percentage change was
311.75% for the last 52 weeks. Icagen, Inc. (NASDAQ:ICGN) is the 5th
best-performing stock year-to-date in this segment of the market. It has risen
238.98% since the beginning of this year. Its price percentage change was
225.66% for the last 52 weeks. Majesco Entertainment Co. (NASDAQ:COOL) is the
6th best-performing stock year-to-date in this segment of the market. It has
risen 222.12% since the beginning of this year. Its price percentage change was
259.42% for the last 52 weeks. Accelr8 Technology Corporation (AMEX:AXK) is the
7th best-performing stock year-to-date in this segment of the market. It has
risen 197.98% since the beginning of this year. Its price percentage change was
331.03% for the last 52 weeks. ATA Inc.(ADR) (NASDAQ:ATAI) is the 8th
best-performing stock year-to-date in this segment of the market. It has risen
165.75% since the beginning of this year. Its price percentage change was
226.60% for the last 52 weeks. Hansen Medical, Inc. (NASDAQ:HNSN) is the 9th
best-performing stock year-to-date in this segment of the market. It has risen
157.72% since the beginning of this year. Its price percentage change was
141.51% for the last 52 weeks. EDAC Technologies Corporation (NASDAQ:EDAC) is
the 10th best-performing stock year-to-date in this segment of the market. It
has risen 157.51% since the beginning of this year. Its price percentage change
was 115.98% for the last 52 weeks.
company (ATAI) is on the list. Genetic Technologies Limited (ADR) (NASDAQ:GENE)
is the 1st best-performing stock year-to-date in this segment of the market. It
has risen 526.54% since the beginning of this year. Its price percentage change
was 686.90% for the last 52 weeks. Coffee Holding Co., Inc. (NASDAQ:JVA) is the
2nd best-performing stock year-to-date in this segment of the market. It has
risen 425.54% since the beginning of this year. Its price percentage change was
329.67% for the last 52 weeks. TeamStaff, Inc. (NASDAQ:TSTF) is the 3rd
best-performing stock year-to-date in this segment of the market. It has risen
286.27% since the beginning of this year. Its price percentage change was
268.22% for the last 52 weeks. Ampio Pharmaceuticals, Inc. (NASDAQ:AMPE) is the
4th best-performing stock year-to-date in this segment of the market. It has
risen 243.13% since the beginning of this year. Its price percentage change was
311.75% for the last 52 weeks. Icagen, Inc. (NASDAQ:ICGN) is the 5th
best-performing stock year-to-date in this segment of the market. It has risen
238.98% since the beginning of this year. Its price percentage change was
225.66% for the last 52 weeks. Majesco Entertainment Co. (NASDAQ:COOL) is the
6th best-performing stock year-to-date in this segment of the market. It has
risen 222.12% since the beginning of this year. Its price percentage change was
259.42% for the last 52 weeks. Accelr8 Technology Corporation (AMEX:AXK) is the
7th best-performing stock year-to-date in this segment of the market. It has
risen 197.98% since the beginning of this year. Its price percentage change was
331.03% for the last 52 weeks. ATA Inc.(ADR) (NASDAQ:ATAI) is the 8th
best-performing stock year-to-date in this segment of the market. It has risen
165.75% since the beginning of this year. Its price percentage change was
226.60% for the last 52 weeks. Hansen Medical, Inc. (NASDAQ:HNSN) is the 9th
best-performing stock year-to-date in this segment of the market. It has risen
157.72% since the beginning of this year. Its price percentage change was
141.51% for the last 52 weeks. EDAC Technologies Corporation (NASDAQ:EDAC) is
the 10th best-performing stock year-to-date in this segment of the market. It
has risen 157.51% since the beginning of this year. Its price percentage change
was 115.98% for the last 52 weeks.
Microsoft Corporation (NASDAQ:MSFT) To Deliver New SQL Server
A Microsoft Corporation (NASDAQ:MSFT) official has reported that the new SQL
Server will be delivered in 2012. Microsoft Corporation (NASDAQ:MSFT) To Deliver
New SQL Server A top company official reported yesterday that Microsoft
Corporation (NASDAQ:MSFT) is getting ready to launch the next version of SQL
Server and System Center next year. No more details regarding the launch date
are available, but it was said that Microsoft Corporation (NASDAQ:MSFT) is
aiming to make the enterprise products available for sale during the first
quarter of next year. Microsoft Corp. (NASDAQ:MSFT) stocks were at 26 at the end
of the last days trading. Theres been a 6.0% movement in the stock price over
the past 3 months. Microsoft Corp. (NASDAQ:MSFT) Analyst Advice Consensus
Opinion: Moderate Buy Mean recommendation: 1.8 (1=Strong Buy, 5=Strong Sell) 3
Months Ago: 1.84 Zacks Rank: 27 out of 90 in the industry
Server will be delivered in 2012. Microsoft Corporation (NASDAQ:MSFT) To Deliver
New SQL Server A top company official reported yesterday that Microsoft
Corporation (NASDAQ:MSFT) is getting ready to launch the next version of SQL
Server and System Center next year. No more details regarding the launch date
are available, but it was said that Microsoft Corporation (NASDAQ:MSFT) is
aiming to make the enterprise products available for sale during the first
quarter of next year. Microsoft Corp. (NASDAQ:MSFT) stocks were at 26 at the end
of the last days trading. Theres been a 6.0% movement in the stock price over
the past 3 months. Microsoft Corp. (NASDAQ:MSFT) Analyst Advice Consensus
Opinion: Moderate Buy Mean recommendation: 1.8 (1=Strong Buy, 5=Strong Sell) 3
Months Ago: 1.84 Zacks Rank: 27 out of 90 in the industry
Apple Inc. (NASDAQ:AAPL) Begins Thunderbolt Shipping
Apple Inc. (NASDAQ:AAPL) has reportedly started to ship its first 27-inch
Thunderbolt displays. Apple Inc. (NASDAQ:AAPL) Begins Thunderbolt Shipping If
reports are true, the Mac Maker has quietly started the shipments of the new
27-inch Thunderbolt displays to third party retailers and Apple Inc.
(NASDAQ:AAPL) stores. Reports say that customers who have pre-ordered the
displays online will receive them by mid-September. The Thunderbolt type
displays were introduced in MacBook Pro laptops released last February. Apple
Inc. (NASDAQ:AAPL) shares were at 383.93 at the end of the last days trading.
Theres been a 14.4% change in the stock price over the past 3 months. Apple Inc.
(NASDAQ:AAPL) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.21 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.22 Zacks
Rank: 1 out of 2 in the industry
Thunderbolt displays. Apple Inc. (NASDAQ:AAPL) Begins Thunderbolt Shipping If
reports are true, the Mac Maker has quietly started the shipments of the new
27-inch Thunderbolt displays to third party retailers and Apple Inc.
(NASDAQ:AAPL) stores. Reports say that customers who have pre-ordered the
displays online will receive them by mid-September. The Thunderbolt type
displays were introduced in MacBook Pro laptops released last February. Apple
Inc. (NASDAQ:AAPL) shares were at 383.93 at the end of the last days trading.
Theres been a 14.4% change in the stock price over the past 3 months. Apple Inc.
(NASDAQ:AAPL) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.21 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.22 Zacks
Rank: 1 out of 2 in the industry
Google Inc. (NASDAQ:GOOG) Expanding Offers Service
Google Inc. (NASDAQ:GOOG) has decided to roll out Google Inc. (NASDAQ:GOOG)
Offers service in Central Texas this week. Google Inc. (NASDAQ:GOOG) Expanding
Offers Service With entry to the town, deals on a wide range of local businesses
will be available from Google Inc. (NASDAQ:GOOG). It was also reported that the
first offer is at Juan in a Million, a well-known Mexican restaurant in East
Austin. Juan Meza Jr., the owner of the restaurant, said that, Weve been
approached by a number of deal sites and weve denied all of them until we heard
from Google. I want to be with the guys who are on top. Google Inc.
(NASDAQ:GOOG) shares were at 534.03 at the end of the last days trading. Theres
been a 0.6% change in the stock price over the past 3 months. Google Inc.
(NASDAQ:GOOG) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.2 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.28 Zacks Rank:
5 out of 31 in the industry
Offers service in Central Texas this week. Google Inc. (NASDAQ:GOOG) Expanding
Offers Service With entry to the town, deals on a wide range of local businesses
will be available from Google Inc. (NASDAQ:GOOG). It was also reported that the
first offer is at Juan in a Million, a well-known Mexican restaurant in East
Austin. Juan Meza Jr., the owner of the restaurant, said that, Weve been
approached by a number of deal sites and weve denied all of them until we heard
from Google. I want to be with the guys who are on top. Google Inc.
(NASDAQ:GOOG) shares were at 534.03 at the end of the last days trading. Theres
been a 0.6% change in the stock price over the past 3 months. Google Inc.
(NASDAQ:GOOG) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.2 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.28 Zacks Rank:
5 out of 31 in the industry
High-Brow Food Goes High-Tech: Google Buys Zagat
Google (NASDAQ: GOOG ) just announced it will buy the venerable restaurant
rater Zagat. Details still are sketchy, but the news has both foodies and
techies taking note. For consumers, the result could be the latest offering from
a big technology company trying to have a very local impact via deals or
promoting off-the-beaten-path restaurants in your neighborhood that appeal to
your tastes. For techies and investors, the Google purchase of Zagat is
noteworthy because it means the tech giant is finding yet another way to extend
its octopus-like reach into every facet of our lives. Here's a look at what
the Google-Zagat alliance could look like: For starters, rumors indicate Zagat
was informally accepting buyout offers for a while. That's because it is very
much an "old media" company think printed restaurant guides and coupon
books. They just aren't very relevant anymore. Google was able to look at this
antiquated model and see the future. In its corporate blog, Google said "Zagat
will be a cornerstone of our local offering" in other words, taking the
authority of the restaurant reviewer and repackaging it with all the other
high-tech products Google offers that are both tremendous in scale on the whole
and tremendously focused on your own backyard for each user. Google Places, its
ratings hub that is akin to privately-held Yelp or other similar sites, aims
very much to be a Zagat for the 21 st century. In July, Google decided to purge
nearly all outside, third-party reviews from sites like TripAdvisor, Hotels.com
and the like. It now appears that could have been in preparation for a focus on
in-house content from this Zagat partnership and effectively lock out the
competition. The Zagat name brings some weight to reviews, especially in the
restaurant arena. This could be a great way to prime the pump for Google Places.
And in the spirit of Groupon, Living Social and other online coupon efforts, the
tech giant can make big strides with its fledgling Google Offers business that
launched this year. Many believe the space is wide open, with once-dominant
Groupon losing its luster among many industry insiders and investors. Mixing
reviews with the online community at Zagat.com, which already features some of
the most engaged foodies around, could provide a valuable list of prospective
customers for restaurant and travel deals. The big question, of course, is what
will happen to the physical Zagat books. Will Google muddle through, push them
online or kill them altogether? As I said earlier, things are murky. But
whatever the specifics shake out to be, one thing is clear: Google Places and
Google Offers are going to get some good momentum as a result of this
partnership.
rater Zagat. Details still are sketchy, but the news has both foodies and
techies taking note. For consumers, the result could be the latest offering from
a big technology company trying to have a very local impact via deals or
promoting off-the-beaten-path restaurants in your neighborhood that appeal to
your tastes. For techies and investors, the Google purchase of Zagat is
noteworthy because it means the tech giant is finding yet another way to extend
its octopus-like reach into every facet of our lives. Here's a look at what
the Google-Zagat alliance could look like: For starters, rumors indicate Zagat
was informally accepting buyout offers for a while. That's because it is very
much an "old media" company think printed restaurant guides and coupon
books. They just aren't very relevant anymore. Google was able to look at this
antiquated model and see the future. In its corporate blog, Google said "Zagat
will be a cornerstone of our local offering" in other words, taking the
authority of the restaurant reviewer and repackaging it with all the other
high-tech products Google offers that are both tremendous in scale on the whole
and tremendously focused on your own backyard for each user. Google Places, its
ratings hub that is akin to privately-held Yelp or other similar sites, aims
very much to be a Zagat for the 21 st century. In July, Google decided to purge
nearly all outside, third-party reviews from sites like TripAdvisor, Hotels.com
and the like. It now appears that could have been in preparation for a focus on
in-house content from this Zagat partnership and effectively lock out the
competition. The Zagat name brings some weight to reviews, especially in the
restaurant arena. This could be a great way to prime the pump for Google Places.
And in the spirit of Groupon, Living Social and other online coupon efforts, the
tech giant can make big strides with its fledgling Google Offers business that
launched this year. Many believe the space is wide open, with once-dominant
Groupon losing its luster among many industry insiders and investors. Mixing
reviews with the online community at Zagat.com, which already features some of
the most engaged foodies around, could provide a valuable list of prospective
customers for restaurant and travel deals. The big question, of course, is what
will happen to the physical Zagat books. Will Google muddle through, push them
online or kill them altogether? As I said earlier, things are murky. But
whatever the specifics shake out to be, one thing is clear: Google Places and
Google Offers are going to get some good momentum as a result of this
partnership.
Gold and Silver Prices Today Proved that You'd Better Not Turn Your Back on Them or Short Them
Gold Price Close Today : 1854.40 Change : 40.20 or 2.2% Silver Price Close
Today : 42.479 Change : 0.907 or 2.2% Gold Silver Ratio Today : 43.65 Change :
0.015 or 0.0% Silver Gold Ratio Today : 0.02291 Change : -0.000008 or 0.0%
Platinum Price Close Today : 1861.70 Change : 39.90 or 2.2% Palladium Price
Close Today : 757.20 Change : 3.75 or 0.5% S&P 500 : 1,186.25 Change : -12.37 or
-1.0% Dow In GOLD$ : $126.10 Change : $ (3.96) or -3.0% Dow in GOLD oz : 6.100
Change : -0.191 or -3.0% Dow in SILVER oz : 266.29 Change : -8.29 or -3.0% Dow
Industrial : 11,311.82 Change : -103.04 or -0.9% US Dollar Index : 76.24 Change
: 0.775 or 1.0% This will be my last commentary until I return from vacation on
19 September. I'll miss y'all. goldprice.org will publish daily closing prices
during Franklin's vacation. GOLD and SILVER PRICES today proved that you'd
better not turn your back on them or short them. Confirms my suspicion hinted at
yesterday that this will NOT prove a deep or long correction. SILVER and GOLD
PRICES will begin rallying again, soon. Euro finally tanked today, now at
1.3892, down 1.15%. On its way to 1.2000. Whole continent coming apart,
especially Greece. May manage to cobble it together, but the eurocrats aren't
working toward it speedily. US DOLLAR INDEX is breaking through top of
resistance at 72, now 72.242, up 77.5 basis points or 1%. Rally has begun, but
be not fooled, be not gulled, be not seduced. Huge head and shoulders $ index
target points to 39 [sic]. It may tarry, but it will come. Stocks have sunk here
at 2:55 to 11,311.82, down 103.04. S&P 500 down 12.37, at 1,186.25. Stocks --
the key to prosperity (a couple of decades from now). The GOLD PRICE rose $40.20
to close Comex at $1,854.40, then has risen another $14 in the aftermarket to
$1,868.50. Plainly gold does not want to tarry below $1,820. Watch that level,
and $1,800, but looks like it will move sideways a day or two, await the
O'Bama's bloviating, then rally again. Close above $1,920 will carry it to
$2,100. The SILVER PRICE rose 90.7c, as the gold/silver ratio and silver's
barely lower close yesterday hinted to us. Closed Comex at 4247.9c, with a 4262
high. Again, no great correction will happen here before silver rallies once
again. Must hold 4050c to make that come true. Grasp this, remember this, never
forget this: SILVER and GOLD PRICES are in a bull market, stocks and the dollar
in a bear market. Silver and gold tomorrow will be worth more than silver and
gold today; stocks and dollars tomorrow will be worth LESS than stocks and
dollars today. Align your assets accordingly, or suffer with the deceived masses
waiting for Washington to save them. 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$-denominated assets, primary trend down;
real estate in a bubble, primary trend way down. Whenever I write "Stay out of
stocks" readers inevitably ask, "Do you mean precious metals mining stocks,
too?" No, I don't. Be advised and warned: Do NOT use these commentaries to trade
futures contracts. I don't intend them for that or write them with that outlook.
I write them for long-term investors in physical metals. Take them as
entertainment, but not as a timing service for futures.
Today : 42.479 Change : 0.907 or 2.2% Gold Silver Ratio Today : 43.65 Change :
0.015 or 0.0% Silver Gold Ratio Today : 0.02291 Change : -0.000008 or 0.0%
Platinum Price Close Today : 1861.70 Change : 39.90 or 2.2% Palladium Price
Close Today : 757.20 Change : 3.75 or 0.5% S&P 500 : 1,186.25 Change : -12.37 or
-1.0% Dow In GOLD$ : $126.10 Change : $ (3.96) or -3.0% Dow in GOLD oz : 6.100
Change : -0.191 or -3.0% Dow in SILVER oz : 266.29 Change : -8.29 or -3.0% Dow
Industrial : 11,311.82 Change : -103.04 or -0.9% US Dollar Index : 76.24 Change
: 0.775 or 1.0% This will be my last commentary until I return from vacation on
19 September. I'll miss y'all. goldprice.org will publish daily closing prices
during Franklin's vacation. GOLD and SILVER PRICES today proved that you'd
better not turn your back on them or short them. Confirms my suspicion hinted at
yesterday that this will NOT prove a deep or long correction. SILVER and GOLD
PRICES will begin rallying again, soon. Euro finally tanked today, now at
1.3892, down 1.15%. On its way to 1.2000. Whole continent coming apart,
especially Greece. May manage to cobble it together, but the eurocrats aren't
working toward it speedily. US DOLLAR INDEX is breaking through top of
resistance at 72, now 72.242, up 77.5 basis points or 1%. Rally has begun, but
be not fooled, be not gulled, be not seduced. Huge head and shoulders $ index
target points to 39 [sic]. It may tarry, but it will come. Stocks have sunk here
at 2:55 to 11,311.82, down 103.04. S&P 500 down 12.37, at 1,186.25. Stocks --
the key to prosperity (a couple of decades from now). The GOLD PRICE rose $40.20
to close Comex at $1,854.40, then has risen another $14 in the aftermarket to
$1,868.50. Plainly gold does not want to tarry below $1,820. Watch that level,
and $1,800, but looks like it will move sideways a day or two, await the
O'Bama's bloviating, then rally again. Close above $1,920 will carry it to
$2,100. The SILVER PRICE rose 90.7c, as the gold/silver ratio and silver's
barely lower close yesterday hinted to us. Closed Comex at 4247.9c, with a 4262
high. Again, no great correction will happen here before silver rallies once
again. Must hold 4050c to make that come true. Grasp this, remember this, never
forget this: SILVER and GOLD PRICES are in a bull market, stocks and the dollar
in a bear market. Silver and gold tomorrow will be worth more than silver and
gold today; stocks and dollars tomorrow will be worth LESS than stocks and
dollars today. Align your assets accordingly, or suffer with the deceived masses
waiting for Washington to save them. 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.
Top 10 Best-Performing Mid Cap Stocks Year-to-Date: VRUS, VHI, GLNG, REGN, COG, MPEL, CVI, EVEP, ELN, HFC (Sep 08, 2011)
Below are the top 10 best-performing Mid Cap stocks year-to-date. One Chinese
company (MPEL) is on the list. Pharmasset, Inc. (NASDAQ:VRUS) is the 1st
best-performing stock year-to-date in this segment of the market. It has risen
230.30% since the beginning of this year. Its price percentage change was
468.25% for the last 52 weeks. Valhi, Inc. (NYSE:VHI) is the 2nd best-performing
stock year-to-date in this segment of the market. It has risen 171.10% since the
beginning of this year. Its price percentage change was 223.13% for the last 52
weeks. Golar LNG Limited (USA) (NASDAQ:GLNG) is the 3rd best-performing stock
year-to-date in this segment of the market. It has risen 117.79% since the
beginning of this year. Its price percentage change was 198.86% for the last 52
weeks. Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) is the 4th best-performing
stock year-to-date in this segment of the market. It has risen 117.09% since the
beginning of this year. Its price percentage change was 192.21% for the last 52
weeks. Cabot Oil & Gas Corporation (NYSE:COG) is the 5th best-performing stock
year-to-date in this segment of the market. It has risen 103.75% since the
beginning of this year. Its price percentage change was 169.84% for the last 52
weeks. Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) is the 6th
best-performing stock year-to-date in this segment of the market. It has risen
101.89% since the beginning of this year. Its price percentage change was
193.15% for the last 52 weeks. CVR Energy, Inc. (NYSE:CVI) is the 7th
best-performing stock year-to-date in this segment of the market. It has risen
89.53% since the beginning of this year. Its price percentage change was 270.75%
for the last 52 weeks. EV Energy Partners, L.P. (NASDAQ:EVEP) is the 8th
best-performing stock year-to-date in this segment of the market. It has risen
83.41% since the beginning of this year. Its price percentage change was 110.50%
for the last 52 weeks. Elan Corporation, plc (ADR) (NYSE:ELN) is the 9th
best-performing stock year-to-date in this segment of the market. It has risen
82.20% since the beginning of this year. Its price percentage change was 128.45%
for the last 52 weeks. HollyFrontier Corp (NYSE:HFC) is the 10th best-performing
stock year-to-date in this segment of the market. It has risen 81.95% since the
beginning of this year. Its price percentage change was 167.80% for the last 52
weeks.
company (MPEL) is on the list. Pharmasset, Inc. (NASDAQ:VRUS) is the 1st
best-performing stock year-to-date in this segment of the market. It has risen
230.30% since the beginning of this year. Its price percentage change was
468.25% for the last 52 weeks. Valhi, Inc. (NYSE:VHI) is the 2nd best-performing
stock year-to-date in this segment of the market. It has risen 171.10% since the
beginning of this year. Its price percentage change was 223.13% for the last 52
weeks. Golar LNG Limited (USA) (NASDAQ:GLNG) is the 3rd best-performing stock
year-to-date in this segment of the market. It has risen 117.79% since the
beginning of this year. Its price percentage change was 198.86% for the last 52
weeks. Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) is the 4th best-performing
stock year-to-date in this segment of the market. It has risen 117.09% since the
beginning of this year. Its price percentage change was 192.21% for the last 52
weeks. Cabot Oil & Gas Corporation (NYSE:COG) is the 5th best-performing stock
year-to-date in this segment of the market. It has risen 103.75% since the
beginning of this year. Its price percentage change was 169.84% for the last 52
weeks. Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) is the 6th
best-performing stock year-to-date in this segment of the market. It has risen
101.89% since the beginning of this year. Its price percentage change was
193.15% for the last 52 weeks. CVR Energy, Inc. (NYSE:CVI) is the 7th
best-performing stock year-to-date in this segment of the market. It has risen
89.53% since the beginning of this year. Its price percentage change was 270.75%
for the last 52 weeks. EV Energy Partners, L.P. (NASDAQ:EVEP) is the 8th
best-performing stock year-to-date in this segment of the market. It has risen
83.41% since the beginning of this year. Its price percentage change was 110.50%
for the last 52 weeks. Elan Corporation, plc (ADR) (NYSE:ELN) is the 9th
best-performing stock year-to-date in this segment of the market. It has risen
82.20% since the beginning of this year. Its price percentage change was 128.45%
for the last 52 weeks. HollyFrontier Corp (NYSE:HFC) is the 10th best-performing
stock year-to-date in this segment of the market. It has risen 81.95% since the
beginning of this year. Its price percentage change was 167.80% for the last 52
weeks.
Dow Jones Average Index DJX DJI Todays Nasdaq S&P 500 Stock Market Investing News Mid-Day
Stocks pushed higher yesterday after enduring several days in the red and
futures this morning were positioned positively as well. Prior to opening bell
this morning, the Dow Jones Stock futures were ahead by .10 percent and the
Nasdaq and S&P 500 Futures were in even better position. It appeared that the
stock pendulum would continue to swing positive for a second day after opening
bell in the U.S. Optimism pushed higher yesterday as global stocks overseas
finished stronger then expected. This positive action carried over to help stock
indices climb higher during the last session in the U.S. but as todays session
approached the halfway point, the primary indices were dropping lower into the
red. All three primary indices in the U.S. were moving in negative territory at
this point in the session. It has been a bit of a roller coaster up to this
point in the day. First indices dropped, then notched higher only to roll down
the next slope. Investors are still moving cautiously as economic news has been
mixed and the debt crisis in the Eurozone continues to induce pressure.
Currently, the Dow Jones is red by .24 percent at 11,386.97. The Nasdaq is red
by .14 percent at 2,545.27 and the S&P 500 is red by .30 percent at 1,195.04.
Frank Matto
futures this morning were positioned positively as well. Prior to opening bell
this morning, the Dow Jones Stock futures were ahead by .10 percent and the
Nasdaq and S&P 500 Futures were in even better position. It appeared that the
stock pendulum would continue to swing positive for a second day after opening
bell in the U.S. Optimism pushed higher yesterday as global stocks overseas
finished stronger then expected. This positive action carried over to help stock
indices climb higher during the last session in the U.S. but as todays session
approached the halfway point, the primary indices were dropping lower into the
red. All three primary indices in the U.S. were moving in negative territory at
this point in the session. It has been a bit of a roller coaster up to this
point in the day. First indices dropped, then notched higher only to roll down
the next slope. Investors are still moving cautiously as economic news has been
mixed and the debt crisis in the Eurozone continues to induce pressure.
Currently, the Dow Jones is red by .24 percent at 11,386.97. The Nasdaq is red
by .14 percent at 2,545.27 and the S&P 500 is red by .30 percent at 1,195.04.
Frank Matto
Will Gold Go Through a Bust in Isolation or Alongside Other Asset Classes?
Will Gold Go Through a Bust in Isolation or Alongside Other Asset Classes?
Minyanville.com - 1 hour ago By Charles Price Sep 08, 2011 10:45 am The one
difference between gold and the bubbles in other instruments is that gold has a
monetary role, uniquely. I was reading Todd Harrisons article, Is ...
Minyanville.com - 1 hour ago By Charles Price Sep 08, 2011 10:45 am The one
difference between gold and the bubbles in other instruments is that gold has a
monetary role, uniquely. I was reading Todd Harrisons article, Is ...
Top 10 Solar Stocks with Highest Momentum: GTAT, SPWRA, HOKU, RSOL, FSLR, EMKR, WFR, STP, TSL, BTUI (Sep 08, 2011)
Below are the top 10 Solar stocks with highest price momentum. Two Chinese
companies (STP, TSL) are on the list. CLICK HERE for Solar Stocks Comparison
Table GT Advanced Technologies Inc (NASDAQ:GTAT) has the 1st highest price
momentum in this segment of the market. It is trading at 67.7% of 52-week high.
Its price change was 4.9% for the last 4 weeks. SunPower Corporation
(NASDAQ:SPWRA) has the 2nd highest price momentum in this segment of the market.
It is trading at 58.0% of 52-week high. Its price change was -13.6% for the last
4 weeks. Hoku Corporation (NASDAQ:HOKU) has the 3rd highest price momentum in
this segment of the market. It is trading at 54.6% of 52-week high. Its price
change was 5.3% for the last 4 weeks. Real Goods Solar, Inc. (NASDAQ:RSOL) has
the 4th highest price momentum in this segment of the market. It is trading at
53.1% of 52-week high. Its price change was 1.4% for the last 4 weeks. First
Solar, Inc. (NASDAQ:FSLR) has the 5th highest price momentum in this segment of
the market. It is trading at 51.4% of 52-week high. Its price change was -10.2%
for the last 4 weeks. EMCORE Corporation (NASDAQ:EMKR) has the 6th highest price
momentum in this segment of the market. It is trading at 48.6% of 52-week high.
Its price change was -4.8% for the last 4 weeks. MEMC Electronic Materials, Inc.
(NYSE:WFR) has the 7th highest price momentum in this segment of the market. It
is trading at 45.1% of 52-week high. Its price change was 12.4% for the last 4
weeks. Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) has the 8th highest
price momentum in this segment of the market. It is trading at 43.1% of 52-week
high. Its price change was -21.1% for the last 4 weeks. Trina Solar Limited
(ADR) (NYSE:TSL) has the 9th highest price momentum in this segment of the
market. It is trading at 38.9% of 52-week high. Its price change was -14.1% for
the last 4 weeks. BTU International, Inc. (NASDAQ:BTUI) has the 10th highest
price momentum in this segment of the market. It is trading at 36.2% of 52-week
high. Its price change was -1.2% for the last 4 weeks. CLICK HERE for Solar
Stocks Comparison Table
companies (STP, TSL) are on the list. CLICK HERE for Solar Stocks Comparison
Table GT Advanced Technologies Inc (NASDAQ:GTAT) has the 1st highest price
momentum in this segment of the market. It is trading at 67.7% of 52-week high.
Its price change was 4.9% for the last 4 weeks. SunPower Corporation
(NASDAQ:SPWRA) has the 2nd highest price momentum in this segment of the market.
It is trading at 58.0% of 52-week high. Its price change was -13.6% for the last
4 weeks. Hoku Corporation (NASDAQ:HOKU) has the 3rd highest price momentum in
this segment of the market. It is trading at 54.6% of 52-week high. Its price
change was 5.3% for the last 4 weeks. Real Goods Solar, Inc. (NASDAQ:RSOL) has
the 4th highest price momentum in this segment of the market. It is trading at
53.1% of 52-week high. Its price change was 1.4% for the last 4 weeks. First
Solar, Inc. (NASDAQ:FSLR) has the 5th highest price momentum in this segment of
the market. It is trading at 51.4% of 52-week high. Its price change was -10.2%
for the last 4 weeks. EMCORE Corporation (NASDAQ:EMKR) has the 6th highest price
momentum in this segment of the market. It is trading at 48.6% of 52-week high.
Its price change was -4.8% for the last 4 weeks. MEMC Electronic Materials, Inc.
(NYSE:WFR) has the 7th highest price momentum in this segment of the market. It
is trading at 45.1% of 52-week high. Its price change was 12.4% for the last 4
weeks. Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) has the 8th highest
price momentum in this segment of the market. It is trading at 43.1% of 52-week
high. Its price change was -21.1% for the last 4 weeks. Trina Solar Limited
(ADR) (NYSE:TSL) has the 9th highest price momentum in this segment of the
market. It is trading at 38.9% of 52-week high. Its price change was -14.1% for
the last 4 weeks. BTU International, Inc. (NASDAQ:BTUI) has the 10th highest
price momentum in this segment of the market. It is trading at 36.2% of 52-week
high. Its price change was -1.2% for the last 4 weeks. CLICK HERE for Solar
Stocks Comparison Table
Best Buy Marketplace Comes Late to the Online Retail Party
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace There was a time when simple commerce on the Internet was something to be excited about. When eBay ( NASDAQ : EBAY ) went from a keen idea with a cult following to one of the most successful public offerings of the first dot-com boom back in 1998, it was one of those rare moments that new technology was not a fad but a clear herald of the future. Some attempted (poorly) to mimic its private auction format like Yahoo ( NASDAQ : YHOO ), but other online businesses found success in eBay’s legacy simply by enabling small businesses and private sellers to sit alongside large-scale retail partners in a single online shopping destination. It is the model that helped cement Amazon ( NASDAQ : AMZN ) as the premier retail presence online and paved the way for its nearly $100 billion valuation today. Of course, the online market trend has aged a decade. It is old hat, an established business with entrenched players. So why is electronics retailer Best Buy (NYSE: BBY ) just now showing up to the game? The Richfield, Minn.-based company announced the opening of the Best Buy Marketplace on Wednesday, an expansion of its online business to include products from a variety of retail partners. Reuters reported that those partners include a plethora of small to large online electronics retailers, from laptop battery distributors like Mambate.us to Internet stalwarts like Buy.com. All products purchased through the Best Buy Marketplace are eligible for Best Buy’s “Reward Zone” loyalty program that lets customers earn points toward promotional items and discounts on future purchases. In the short term, the Marketplace initiative is a strategic move in Best Buy’s broader holiday sales plans. In 2010, Best Buy made an expanded retail operation its holiday priority , opening a fleet of small “Best Buy Mobile” locations to spur sales. Online sales, however, are proving to be much more potent for retailers of every stripe, giving companies in the electronics space with no retail presence, like Amazon, a leg up. For Best Buy, though, this need to find new customers online goes beyond the holiday season. Poor sales of major products like televisions , one of the company’s primary sources of revenue over the years, have forced Best Buy to reconsider its retail operations worldwide. In the past 12 months, it has announced the closure of its entire operation in China as well as plans to decrease its total retail space in the U.S. by 10%, closing large stores in favor of the aforementioned Best Buy Mobile locations. As Best Buy moves to emulate its fiercest competitors, though, the question remains: Why will customers buy a product at BestBuy.com when they can get it at Amazon, eBay or even independent discount electronics retailers like NewEgg? As a business strategy, the Best Buy Marketplace is sound: More selection at competitive pricing will, under ideal conditions, lead to more sales. Ideal conditions, however, would require the Best Buy Marketplace to have opened in 2005 or earlier. At this point, there is simply no evidence that Best Buy’s offering can differentiate itself in a crowded market. And considering that Best Buy shares have shrunk from above $40 in December 2010 to below $25 on Wednesday, differentiation is precisely what the company needs. As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at
Significant gap up: (SWY), (GOLD), (CGR), (NSU), (XRA)
XCSFDHG46767FHJHJF
gol2664 Negocioenlinea Significant gap up: (SWY), ( GOLD ), (CGR), (NSU), (XRA) Tickr Watch – 14 minutes ago The following stocks gapped up significantly at the open on September 8: Safeway Inc, Randgold Resources Ltd, Claude Resources, Inc, Nevsun Resources Ltd, and Exeter Resource Corporation. These …
Global markets see-saw after ‘dovish’ Trichet comments
XCSFDHG46767FHJHJF
gol2664 Negocioenlinea Global markets see-saw after 'dovish' Trichet comments Citywire.co.uk – 3 minutes ago by Max Julius on Sep 08, 2011 at 15:10 Global stock markets fluctuated between gains and losses on Thursday after Jean-Claude Trichet, European Central Bank president, warned that eurozone …
Two New Buys for September
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace I have two new buys to share with investors for September: namely Check Point Software Technology ( NASDAQ : CHKP ), which helps its customers protect their computers, and Dollar Tree ( NASDAQ : DLTR ), which helps its customers protect their wallets. The Internet is an amazing resource; it has been a key driver of economic growth for this generation. However, it is not without its threats. For an unsuspecting user, a wrong click could wreck havoc on a whole network of computers. Thankfully, we have companies like Check Point, which is a worldwide leader in securing the Internet. The company is particularly known for its ZoneAlarm systems, which are designed to protect consumers from hackers, spyware and identity theft. The company started in 1993 and was at the forefront of the firewall industry. Fast-forward 18 years, and Check Point's products have won more than 200 awards and serve literally tens of thousands of customers. CHKP currently serves 100% of Fortune 100 companies, and 98% of Fortune 500 companies. The company has offices in 18 U.S. states and international subsidiaries in 38 countries. CHKP has shown incredible resilience in the face of the latest market volatility, and it has become a solid and reliable company that will be a great addition to anyone's portfolio. For this company, the bottom line speaks for itself. On July 18, the company reported second-quarter revenues and earnings per share that trounced consensus estimates. Sales rose 15% and earnings rose 25%, which led to a 3% earnings surprise. The company said it saw particular strength in intrusion-prevention systems and application-control software during the quarter. Looking forward, Check Point raised its third-quarter sales forecast to $300 million to $308 million and its operating earnings guidance to 67 cents per share to 70 cents. For consumers looking for a bargain, Dollar Tree delivers. Consumers shopping at one of their 4,089 U.S. locations can buy any of the following types of items for just $1: housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty supplies, toys, gifts, gift bags and wrap, party supplies, stationery and craft supplies — and the list goes on. The Chesapeake, Va.-based company's roots go back more than 50 years, and the company has striven to maintain its track record as the largest and most successful single-price-point retailer in the U.S. Dollar Tree's success lies in its tremendous bargaining power with its suppliers; it can get wide variety of practical items for unbeatable prices. Also, Dollar Tree recently has expanded its reach by launching a shopping website where customers can get products shipped to the nearest store or to their doorstep. As the company knows, one of the best ways of coping with thinning wallets is to stretch each and every dollar. So, while lean times hit other retailers particularly hard, Dollar Tree stores flourish! Sales for the second quarter totaled jumped 12%, net income spiked 22% and earnings rose 26% per share over last year. Now is the perfect time to add DLTR. So, scoop up shares of this conservative stock.
Gold Price Recaptures $1,850 Level
GOLD PRICE NEWS – The gold price rallied $32.25 to $1,850 per ounce Thursday,
continuing its recent string of outsized moves.
continuing its recent string of outsized moves.
Exploration Yields Positive Results for Crocodile Gold
Crocodile Gold (CRK.TSX) announced continued high grade intersections from the
exploration drilling program currently underway at its Union Reefs project in
the Northern Territory of Australia.
exploration drilling program currently underway at its Union Reefs project in
the Northern Territory of Australia.
Two New Buys for September
I have two new buys to share with investors for September: namely Check Point
Software Technology (NASDAQ: CHKP ), which helps its customers protect their
computers, and Dollar Tree (NASDAQ: DLTR ), which helps its customers protect
their wallets. The Internet is an amazing resource; it has been a key driver of
economic growth for this generation. However, it is not without its threats. For
an unsuspecting user, a wrong click could wreck havoc on a whole network of
computers. Thankfully, we have companies like Check Point, which is a worldwide
leader in securing the Internet. The company is particularly known for its
ZoneAlarm systems, which are designed to protect consumers from hackers, spyware
and identity theft. The company started in 1993 and was at the forefront of the
firewall industry. Fast-forward 18 years, and Check Point's products have won
more than 200 awards and serve literally tens of thousands of customers. CHKP
currently serves 100% of Fortune 100 companies, and 98% of Fortune 500
companies. The company has offices in 18 U.S. states and international
subsidiaries in 38 countries. CHKP has shown incredible resilience in the face
of the latest market volatility, and it has become a solid and reliable company
that will be a great addition to anyone's portfolio. For this company, the
bottom line speaks for itself. On July 18, the company reported second-quarter
revenues and earnings per share that trounced consensus estimates. Sales rose
15% and earnings rose 25%, which led to a 3% earnings surprise. The company said
it saw particular strength in intrusion-prevention systems and
application-control software during the quarter. Looking forward, Check Point
raised its third-quarter sales forecast to $300 million to $308 million and its
operating earnings guidance to 67 cents per share to 70 cents. For consumers
looking for a bargain, Dollar Tree delivers. Consumers shopping at one of their
4,089 U.S. locations can buy any of the following types of items for just $1:
housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food,
health and beauty supplies, toys, gifts, gift bags and wrap, party supplies,
stationery and craft supplies and the list goes on. The Chesapeake, Va.-based
company's roots go back more than 50 years, and the company has striven to
maintain its track record as the largest and most successful single-price-point
retailer in the U.S. Dollar Tree's success lies in its tremendous bargaining
power with its suppliers; it can get wide variety of practical items for
unbeatable prices. Also, Dollar Tree recently has expanded its reach by
launching a shopping website where customers can get products shipped to the
nearest store or to their doorstep. As the company knows, one of the best ways
of coping with thinning wallets is to stretch each and every dollar. So, while
lean times hit other retailers particularly hard, Dollar Tree stores flourish!
Sales for the second quarter totaled jumped 12%, net income spiked 22% and
earnings rose 26% per share over last year. Now is the perfect time to add DLTR.
So, scoop up shares of this conservative stock.
Software Technology (NASDAQ: CHKP ), which helps its customers protect their
computers, and Dollar Tree (NASDAQ: DLTR ), which helps its customers protect
their wallets. The Internet is an amazing resource; it has been a key driver of
economic growth for this generation. However, it is not without its threats. For
an unsuspecting user, a wrong click could wreck havoc on a whole network of
computers. Thankfully, we have companies like Check Point, which is a worldwide
leader in securing the Internet. The company is particularly known for its
ZoneAlarm systems, which are designed to protect consumers from hackers, spyware
and identity theft. The company started in 1993 and was at the forefront of the
firewall industry. Fast-forward 18 years, and Check Point's products have won
more than 200 awards and serve literally tens of thousands of customers. CHKP
currently serves 100% of Fortune 100 companies, and 98% of Fortune 500
companies. The company has offices in 18 U.S. states and international
subsidiaries in 38 countries. CHKP has shown incredible resilience in the face
of the latest market volatility, and it has become a solid and reliable company
that will be a great addition to anyone's portfolio. For this company, the
bottom line speaks for itself. On July 18, the company reported second-quarter
revenues and earnings per share that trounced consensus estimates. Sales rose
15% and earnings rose 25%, which led to a 3% earnings surprise. The company said
it saw particular strength in intrusion-prevention systems and
application-control software during the quarter. Looking forward, Check Point
raised its third-quarter sales forecast to $300 million to $308 million and its
operating earnings guidance to 67 cents per share to 70 cents. For consumers
looking for a bargain, Dollar Tree delivers. Consumers shopping at one of their
4,089 U.S. locations can buy any of the following types of items for just $1:
housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food,
health and beauty supplies, toys, gifts, gift bags and wrap, party supplies,
stationery and craft supplies and the list goes on. The Chesapeake, Va.-based
company's roots go back more than 50 years, and the company has striven to
maintain its track record as the largest and most successful single-price-point
retailer in the U.S. Dollar Tree's success lies in its tremendous bargaining
power with its suppliers; it can get wide variety of practical items for
unbeatable prices. Also, Dollar Tree recently has expanded its reach by
launching a shopping website where customers can get products shipped to the
nearest store or to their doorstep. As the company knows, one of the best ways
of coping with thinning wallets is to stretch each and every dollar. So, while
lean times hit other retailers particularly hard, Dollar Tree stores flourish!
Sales for the second quarter totaled jumped 12%, net income spiked 22% and
earnings rose 26% per share over last year. Now is the perfect time to add DLTR.
So, scoop up shares of this conservative stock.
Best Buy Marketplace Comes Late to the Online Retail Party
There was a time when simple commerce on the Internet was something to be
excited about. When eBay (NASDAQ: EBAY ) went from a keen idea with a cult
following to one of the most successful public offerings of the first dot-com
boom back in 1998, it was one of those rare moments that new technology was not
a fad but a clear herald of the future. Some attempted (poorly) to mimic its
private auction format like Yahoo (NASDAQ: YHOO ), but other online businesses
found success in eBays legacy simply by enabling small businesses and private
sellers to sit alongside large-scale retail partners in a single online shopping
destination. It is the model that helped cement Amazon (NASDAQ: AMZN ) as the
premier retail presence online and paved the way for its nearly $100 billion
valuation today. Of course, the online market trend has aged a decade. It is old
hat, an established business with entrenched players. So why is electronics
retailer Best Buy (NYSE: BBY ) just now showing up to the game? The Richfield,
Minn.-based company announced the opening of the Best Buy Marketplace on
Wednesday, an expansion of its online business to include products from a
variety of retail partners. Reuters reported that those partners include a
plethora of small to large online electronics retailers, from laptop battery
distributors like Mambate.us to Internet stalwarts like Buy.com. All products
purchased through the Best Buy Marketplace are eligible for Best Buys Reward
Zone loyalty program that lets customers earn points toward promotional items
and discounts on future purchases. In the short term, the Marketplace initiative
is a strategic move in Best Buys broader holiday sales plans. In 2010, Best Buy
made an expanded retail operation its holiday priority , opening a fleet of
small Best Buy Mobile locations to spur sales. Online sales, however, are
proving to be much more potent for retailers of every stripe, giving companies
in the electronics space with no retail presence, like Amazon, a leg up. For
Best Buy, though, this need to find new customers online goes beyond the holiday
season. Poor sales of major products like televisions , one of the companys
primary sources of revenue over the years, have forced Best Buy to reconsider
its retail operations worldwide. In the past 12 months, it has announced the
closure of its entire operation in China as well as plans to decrease its total
retail space in the U.S. by 10%, closing large stores in favor of the
aforementioned Best Buy Mobile locations. As Best Buy moves to emulate its
fiercest competitors, though, the question remains: Why will customers buy a
product at BestBuy.com when they can get it at Amazon, eBay or even independent
discount electronics retailers like NewEgg? As a business strategy, the Best Buy
Marketplace is sound: More selection at competitive pricing will, under ideal
conditions, lead to more sales. Ideal conditions, however, would require the
Best Buy Marketplace to have opened in 2005 or earlier. At this point, there is
simply no evidence that Best Buys offering can differentiate itself in a crowded
market. And considering that Best Buy shares have shrunk from above $40 in
December 2010 to below $25 on Wednesday, differentiation is precisely what the
company needs. As of this writing, Anthony John Agnello did not own a position
in any of the stocks named here. Follow him on Twitter at
excited about. When eBay (NASDAQ: EBAY ) went from a keen idea with a cult
following to one of the most successful public offerings of the first dot-com
boom back in 1998, it was one of those rare moments that new technology was not
a fad but a clear herald of the future. Some attempted (poorly) to mimic its
private auction format like Yahoo (NASDAQ: YHOO ), but other online businesses
found success in eBays legacy simply by enabling small businesses and private
sellers to sit alongside large-scale retail partners in a single online shopping
destination. It is the model that helped cement Amazon (NASDAQ: AMZN ) as the
premier retail presence online and paved the way for its nearly $100 billion
valuation today. Of course, the online market trend has aged a decade. It is old
hat, an established business with entrenched players. So why is electronics
retailer Best Buy (NYSE: BBY ) just now showing up to the game? The Richfield,
Minn.-based company announced the opening of the Best Buy Marketplace on
Wednesday, an expansion of its online business to include products from a
variety of retail partners. Reuters reported that those partners include a
plethora of small to large online electronics retailers, from laptop battery
distributors like Mambate.us to Internet stalwarts like Buy.com. All products
purchased through the Best Buy Marketplace are eligible for Best Buys Reward
Zone loyalty program that lets customers earn points toward promotional items
and discounts on future purchases. In the short term, the Marketplace initiative
is a strategic move in Best Buys broader holiday sales plans. In 2010, Best Buy
made an expanded retail operation its holiday priority , opening a fleet of
small Best Buy Mobile locations to spur sales. Online sales, however, are
proving to be much more potent for retailers of every stripe, giving companies
in the electronics space with no retail presence, like Amazon, a leg up. For
Best Buy, though, this need to find new customers online goes beyond the holiday
season. Poor sales of major products like televisions , one of the companys
primary sources of revenue over the years, have forced Best Buy to reconsider
its retail operations worldwide. In the past 12 months, it has announced the
closure of its entire operation in China as well as plans to decrease its total
retail space in the U.S. by 10%, closing large stores in favor of the
aforementioned Best Buy Mobile locations. As Best Buy moves to emulate its
fiercest competitors, though, the question remains: Why will customers buy a
product at BestBuy.com when they can get it at Amazon, eBay or even independent
discount electronics retailers like NewEgg? As a business strategy, the Best Buy
Marketplace is sound: More selection at competitive pricing will, under ideal
conditions, lead to more sales. Ideal conditions, however, would require the
Best Buy Marketplace to have opened in 2005 or earlier. At this point, there is
simply no evidence that Best Buys offering can differentiate itself in a crowded
market. And considering that Best Buy shares have shrunk from above $40 in
December 2010 to below $25 on Wednesday, differentiation is precisely what the
company needs. As of this writing, Anthony John Agnello did not own a position
in any of the stocks named here. Follow him on Twitter at
Significant gap up: (SWY), (GOLD), (CGR), (NSU), (XRA)
Significant gap up: (SWY), (GOLD), (CGR), (NSU), (XRA) Tickr Watch - 14 minutes
ago The following stocks gapped up significantly at the open on September 8:
Safeway Inc, Randgold Resources Ltd, Claude Resources, Inc, Nevsun Resources
Ltd, and Exeter Resource Corporation. These ...
ago The following stocks gapped up significantly at the open on September 8:
Safeway Inc, Randgold Resources Ltd, Claude Resources, Inc, Nevsun Resources
Ltd, and Exeter Resource Corporation. These ...
5 Companies Driving the $81B Video Game Industry of 2016
The video game industry including sales of machines like Microsoft s (NASDAQ:
MSFT ) Xbox 360, games sold at retail like Call of Duty , and digital games like
Rovios ubiquitous Angry Birds pulled in $66 billion in 2010. Market research
group DFC Intelligence sees significant growth coming over the next five years,
according to a Wednesday report in Venture Beat . By 2016, the game industry
will rake in $81 billion in sales . As the report notes, however, the slow
changes that have marked the business between 2008 and today namely the growing
importance of purely digital sales through online storefronts and services will
become standardized by 2016. Physical retail will be the minority and digital
distribution will be the norm. Even now, companies like GameStop (NYSE: GME )
are doing everything they can to transform themselves into predominantly digital
businesses . The question now is: Which publicly traded companies are well
positioned to still be players in the all-digital world of 2016? Here are five.
Apple Naturally. Apple s (NASDAQ: AAPL ) iPhone, iPad and iPod Touch, as well as
the App Store, didnt start the digital business revolution. But their role in
realigning consumer expectations of game pricing (99 cents instead of $50) and
availability (a flick of the button instead of a purchase at the mall) cannot be
overstated. Apples devices have created the template for video game retail in
2016, and with analysts projecting even greater sales of the companys iPad and
iPhone over the next few years, theres a good chance Apple will remain a player
in five years. Electronic Arts While Electronic Arts (NASDAQ: ERTS ) certainly
isnt worth what it was a few years back, its stock is no slouch. As of July, EA
was trading at prices not seen since October 2008, and its outlook thanks to
anticipated products like Star Wars: The Old Republic is promising. Beyond the
short term, though, EA has done a great deal to future-proof itself, investing
heavily in digital distribution initiatives. The company has worked hard to
bring its potent sports brands, like Madden NFL, to social networks like
Facebook . It also has made key acquisitions like mobile and social game
superstars PopCap . The company also opened Origin, an iTunes-style digital
storefront and online community for its games, earlier this year in an attempt
to control the digital distribution of its strongest brands.
MSFT ) Xbox 360, games sold at retail like Call of Duty , and digital games like
Rovios ubiquitous Angry Birds pulled in $66 billion in 2010. Market research
group DFC Intelligence sees significant growth coming over the next five years,
according to a Wednesday report in Venture Beat . By 2016, the game industry
will rake in $81 billion in sales . As the report notes, however, the slow
changes that have marked the business between 2008 and today namely the growing
importance of purely digital sales through online storefronts and services will
become standardized by 2016. Physical retail will be the minority and digital
distribution will be the norm. Even now, companies like GameStop (NYSE: GME )
are doing everything they can to transform themselves into predominantly digital
businesses . The question now is: Which publicly traded companies are well
positioned to still be players in the all-digital world of 2016? Here are five.
Apple Naturally. Apple s (NASDAQ: AAPL ) iPhone, iPad and iPod Touch, as well as
the App Store, didnt start the digital business revolution. But their role in
realigning consumer expectations of game pricing (99 cents instead of $50) and
availability (a flick of the button instead of a purchase at the mall) cannot be
overstated. Apples devices have created the template for video game retail in
2016, and with analysts projecting even greater sales of the companys iPad and
iPhone over the next few years, theres a good chance Apple will remain a player
in five years. Electronic Arts While Electronic Arts (NASDAQ: ERTS ) certainly
isnt worth what it was a few years back, its stock is no slouch. As of July, EA
was trading at prices not seen since October 2008, and its outlook thanks to
anticipated products like Star Wars: The Old Republic is promising. Beyond the
short term, though, EA has done a great deal to future-proof itself, investing
heavily in digital distribution initiatives. The company has worked hard to
bring its potent sports brands, like Madden NFL, to social networks like
Facebook . It also has made key acquisitions like mobile and social game
superstars PopCap . The company also opened Origin, an iTunes-style digital
storefront and online community for its games, earlier this year in an attempt
to control the digital distribution of its strongest brands.
GE’s Immelt Should Finally Get His Due
For most of the past decade, investors have complained that Jeffrey Immelt is
no Jack Welch. While the General Electric (NYSE: GE ) CEO has not equaled the
performance of his legendary predecessor, he finally should get some respect of
his own from Wall Street. GE, which is based in Fairfield, Conn., has had five
consecutive quarters of double-digit earnings growth. The company's backlog of
industrial orders rose to $189 billion in the second quarter thanks to gains in
infrastructure, equipment and services orders. Profit at GE Capital more than
doubled as the unit underwrote more profitable loans. Results were not hurt too
badly by Immelt's decision to unload NBC Universal to Comcast (NASDAQ: CMCSA
). Total revenues fell only 4% to $35.6 billion. Excluding NBC Universal,
revenues would have jumped 7%. Analysts are forecasting long-term EPS growth
rates of 15%. Although the company reported better-than-expected results and
gave bullish earnings guidance, its stock recently has tanked. Shares are down
more than 22% over the past 22 weeks as investors fretted about the broader
economic slowdown. Though not immune from the languid pace of the U.S. recovery,
the sell-off was overdone. It does not reflect GE's strength in its aviation,
health care and transpiration businesses. The shares are now ridiculously cheap
. GE trades at a price-to-earnings ratio of 12.25, which is around the lowest
it's been in the past five years. The S&P 500, by the way, has a multiple of
15.29. GE's dividend yields 3.81% versus 2.21% for the broad market index. GE
is well situated to take advantage of growth in emerging markets. For instance,
it announced a $600 million order from Malaysia's AirAsia BHD during this
summer's Paris Air Show. In July, the company announced plans to move its
X-ray business from the United States to Beijing to more easily tap into
fast-growing health care markets in China . Energy should continue to do well
this year, fueled by a 17% growth in unit volume expected in the second half of
the year. Demand for GE's wind turbines also should continue to be robust
because of the growing use of renewable sources of energy. Germany, Europe's
largest economy, should continue to be a good customer because of the
country's decision to quit using nuclear power by 2022 . Even GE Capital, long
a laggard, has improved . During the most recent quarter, profit from continuing
operations more than doubled to $1.66 billion as revenue fell 1% to $12.4
billion. GE has narrowed to primarily commercial finance. Many investors,
though, remain angry about Immelt's missteps, such as selling the plastics
business after it had become commoditized. Others are not thrilled that GE has
retained its appliances business after failing to find a buyer after a 2008
strategic review. Of course, the road ahead for GE is difficult. But investors
can take comfort in knowing that the company and its CEO seem up to the
challenges it faces. Jonathan Berr does not own shares of the companies listed.
Follow him on Twitter at @jdberr.
no Jack Welch. While the General Electric (NYSE: GE ) CEO has not equaled the
performance of his legendary predecessor, he finally should get some respect of
his own from Wall Street. GE, which is based in Fairfield, Conn., has had five
consecutive quarters of double-digit earnings growth. The company's backlog of
industrial orders rose to $189 billion in the second quarter thanks to gains in
infrastructure, equipment and services orders. Profit at GE Capital more than
doubled as the unit underwrote more profitable loans. Results were not hurt too
badly by Immelt's decision to unload NBC Universal to Comcast (NASDAQ: CMCSA
). Total revenues fell only 4% to $35.6 billion. Excluding NBC Universal,
revenues would have jumped 7%. Analysts are forecasting long-term EPS growth
rates of 15%. Although the company reported better-than-expected results and
gave bullish earnings guidance, its stock recently has tanked. Shares are down
more than 22% over the past 22 weeks as investors fretted about the broader
economic slowdown. Though not immune from the languid pace of the U.S. recovery,
the sell-off was overdone. It does not reflect GE's strength in its aviation,
health care and transpiration businesses. The shares are now ridiculously cheap
. GE trades at a price-to-earnings ratio of 12.25, which is around the lowest
it's been in the past five years. The S&P 500, by the way, has a multiple of
15.29. GE's dividend yields 3.81% versus 2.21% for the broad market index. GE
is well situated to take advantage of growth in emerging markets. For instance,
it announced a $600 million order from Malaysia's AirAsia BHD during this
summer's Paris Air Show. In July, the company announced plans to move its
X-ray business from the United States to Beijing to more easily tap into
fast-growing health care markets in China . Energy should continue to do well
this year, fueled by a 17% growth in unit volume expected in the second half of
the year. Demand for GE's wind turbines also should continue to be robust
because of the growing use of renewable sources of energy. Germany, Europe's
largest economy, should continue to be a good customer because of the
country's decision to quit using nuclear power by 2022 . Even GE Capital, long
a laggard, has improved . During the most recent quarter, profit from continuing
operations more than doubled to $1.66 billion as revenue fell 1% to $12.4
billion. GE has narrowed to primarily commercial finance. Many investors,
though, remain angry about Immelt's missteps, such as selling the plastics
business after it had become commoditized. Others are not thrilled that GE has
retained its appliances business after failing to find a buyer after a 2008
strategic review. Of course, the road ahead for GE is difficult. But investors
can take comfort in knowing that the company and its CEO seem up to the
challenges it faces. Jonathan Berr does not own shares of the companies listed.
Follow him on Twitter at @jdberr.
Wall Street’s 3 Most Valuable CEOs
Bigwigs in corner offices have been on the move in recent weeks. In the
"tearful goodbye" category, Apple (NASDAQ: AAPL ) announced that its iconic
founder Steve Jobs is stepping down from his CEO role. In the "don't let the
door hit you on the way out" category, Yahoo (NASDAQ: YHOO ) canned CEO Carol
Bartz (via telephone, no less) with a year left on her contract. In "laughing
all the way to the bank" news, Robert Kelly, CEO of Bank of New York Mellon
(NYSE: BK ), resigned in August over "differences in approach" and could get
severance that approaches $37 million . Even Regis Philbin said recently he will
be retiring. Leadership vaccums seem to be the order of the day. So just how
important is good management and a strong CEO? And who are some of the best in
the business especially now that Silicon Valley lion Steve Jobs is departing
for good? Here are three winning CEOs that have led their companies to
extraordinary success in recent years and still are playing an active role in
the future. What's more, these publicly traded stocks have all outperformed
Apple since guru Steve Jobs returned in 1997 so they have delivered stunning
gains to shareholders as well as building their corporate legacy. Here are three
of Wall Street's most valuable CEOs: Amazon CEO Jeff Bezos Name this stock:
This tech giant is one of the biggest names in technology and has
single-handedly redefined an entire industry. Thanks to its founder and current
CEO, shares are up about 12,500% since 1997. Did you guess Apple? You're
wrong. While all those earlier statements apply, Apple stock is "only" up
8,800% since 1997. The company I'm talking about is Amazon (NASDAQ: AMZN ),
led by Jeff Bezos. Bezos deserves as much of the spotlight as Steve Jobs. After
all, the Amazon honcho was witness to the birth of e-commerce as we know it. And
lest our grandchildren assume Apple is responsible for every tech innovation,
the Kindle was here in 2007 just a few months after the iPhone was born and
before the iPad was launched or the viability of "e-books" was a foregone
conclusion. Just how influential is Amazon? According to comScore , in June
2011, Amazon was visited by 282 million people, or 20.4% of the worlds online
population. Think about that: 1 in 5 folks with an Internet connection visit the
site each month. Bezos isn't done, either, focusing on upgrading Amazon Prime
to make it a streaming video destination akin to Netflix (NASDAQ: NFLX ) and
redesigning its homepage for the first time in a decade to maximize engagement
(and sales, of course). Amazon owes much of its past success to founder and
leader Jeff Bezos, and he continues to play a part in its future growth.
"tearful goodbye" category, Apple (NASDAQ: AAPL ) announced that its iconic
founder Steve Jobs is stepping down from his CEO role. In the "don't let the
door hit you on the way out" category, Yahoo (NASDAQ: YHOO ) canned CEO Carol
Bartz (via telephone, no less) with a year left on her contract. In "laughing
all the way to the bank" news, Robert Kelly, CEO of Bank of New York Mellon
(NYSE: BK ), resigned in August over "differences in approach" and could get
severance that approaches $37 million . Even Regis Philbin said recently he will
be retiring. Leadership vaccums seem to be the order of the day. So just how
important is good management and a strong CEO? And who are some of the best in
the business especially now that Silicon Valley lion Steve Jobs is departing
for good? Here are three winning CEOs that have led their companies to
extraordinary success in recent years and still are playing an active role in
the future. What's more, these publicly traded stocks have all outperformed
Apple since guru Steve Jobs returned in 1997 so they have delivered stunning
gains to shareholders as well as building their corporate legacy. Here are three
of Wall Street's most valuable CEOs: Amazon CEO Jeff Bezos Name this stock:
This tech giant is one of the biggest names in technology and has
single-handedly redefined an entire industry. Thanks to its founder and current
CEO, shares are up about 12,500% since 1997. Did you guess Apple? You're
wrong. While all those earlier statements apply, Apple stock is "only" up
8,800% since 1997. The company I'm talking about is Amazon (NASDAQ: AMZN ),
led by Jeff Bezos. Bezos deserves as much of the spotlight as Steve Jobs. After
all, the Amazon honcho was witness to the birth of e-commerce as we know it. And
lest our grandchildren assume Apple is responsible for every tech innovation,
the Kindle was here in 2007 just a few months after the iPhone was born and
before the iPad was launched or the viability of "e-books" was a foregone
conclusion. Just how influential is Amazon? According to comScore , in June
2011, Amazon was visited by 282 million people, or 20.4% of the worlds online
population. Think about that: 1 in 5 folks with an Internet connection visit the
site each month. Bezos isn't done, either, focusing on upgrading Amazon Prime
to make it a streaming video destination akin to Netflix (NASDAQ: NFLX ) and
redesigning its homepage for the first time in a decade to maximize engagement
(and sales, of course). Amazon owes much of its past success to founder and
leader Jeff Bezos, and he continues to play a part in its future growth.
Apple Inc. (NASDAQ:AAPL) Must Answer Samsung Questions
Apple Inc. (NASDAQ:AAPL) has been asked to show how Samsung tablets have hurt
its sales. Apple Inc. (NASDAQ:AAPL) Must Answer Samsung Questions According to a
report that appeared on Bloomberg, the Mac Maker has been pressured to reveal
how the rival's tablets have affected sales of the Apple Inc. (NASDAQ:AAPL)
iPad. In a court statement, an Australian judge said that Apple Inc.
(NASDAQ:AAPL) has to show enough evidence to justify its request to prevent
Samsung's entry to the market. The report says that Apple Inc. (NASDAQ:AAPL)
may be requested to reveal sales data to prove its sales have been affected.
Apple Inc. (NASDAQ:AAPL) shares are currently standing at 379.74. Price History
Last Price: 379.74 52 Week Low / High: 256.25 / 404.5 50 Day Moving Average:
371.64 6 Month Price Change %: 6.7% 12 Month Price Change %: 46.8%
its sales. Apple Inc. (NASDAQ:AAPL) Must Answer Samsung Questions According to a
report that appeared on Bloomberg, the Mac Maker has been pressured to reveal
how the rival's tablets have affected sales of the Apple Inc. (NASDAQ:AAPL)
iPad. In a court statement, an Australian judge said that Apple Inc.
(NASDAQ:AAPL) has to show enough evidence to justify its request to prevent
Samsung's entry to the market. The report says that Apple Inc. (NASDAQ:AAPL)
may be requested to reveal sales data to prove its sales have been affected.
Apple Inc. (NASDAQ:AAPL) shares are currently standing at 379.74. Price History
Last Price: 379.74 52 Week Low / High: 256.25 / 404.5 50 Day Moving Average:
371.64 6 Month Price Change %: 6.7% 12 Month Price Change %: 46.8%
Gold & Silver Prices – Daily Outlook September 8
Gold price fell very sharply yesterday and nearly retuned to its initial level
from the beginning of September. This fall is consistent with yesterdays rise in
US stock markets and the sharp gains in US Treasury bills yields. Currently,
gold and silver prices are traded up. Today, the ECB rate decision will be
announced , the US unemployment claims report will be published, along with the
Canadian and American trade balance reports. Lets examine the precious metals
market for today, September 8th: Gold and silver prices –September Gold and
silver prices finished yesterday with falls: Gold price sharply fell on
Wednesday by 2.97% to $1,817; silver price also declined by 0.57% to $41.63.
During September, gold price slightly fell by 0.8% and silver price by only
0.3%. The chart below (normalized gold and silver prices (August 16th 2011=100))
shows the price development of precious metals in recent weeks. The ratio
between gold and silver prices continues to hover around 43-45; on Wednesday,
September 7th the ratio slightly fell to 43.66. During September, silver price
has slightly outperformed gold price as the ratio declined by 0.4%. Canada
overnight rate remained at 1%
from the beginning of September. This fall is consistent with yesterdays rise in
US stock markets and the sharp gains in US Treasury bills yields. Currently,
gold and silver prices are traded up. Today, the ECB rate decision will be
announced , the US unemployment claims report will be published, along with the
Canadian and American trade balance reports. Lets examine the precious metals
market for today, September 8th: Gold and silver prices –September Gold and
silver prices finished yesterday with falls: Gold price sharply fell on
Wednesday by 2.97% to $1,817; silver price also declined by 0.57% to $41.63.
During September, gold price slightly fell by 0.8% and silver price by only
0.3%. The chart below (normalized gold and silver prices (August 16th 2011=100))
shows the price development of precious metals in recent weeks. The ratio
between gold and silver prices continues to hover around 43-45; on Wednesday,
September 7th the ratio slightly fell to 43.66. During September, silver price
has slightly outperformed gold price as the ratio declined by 0.4%. Canada
overnight rate remained at 1%
Gold Prices Gold Per Ounce Spot gold Price Per Gram; Silver Price Per Ounce Spot silver Prices Close Review
Interest in gold and silver dropped lower during the last trading session as
interest in stocks moved higher. Global markets closed higher yesterday in Asia
and Europe and this positive action traveled over seas to help stock indices in
the U.S. notch higher. As investors moved back into stocks, they positioned less
with safe haven assets like gold and silver. The primary stock indices in the
U.S. ended green across the tracking boards. The Dow Jones closed higher by 2.47
percent or 275.56 points at 11,414.86. The dollar dropped lower versus the euro,
the British pound and the Japanese yen. Gold and silver futures dropped lower on
the day. Gold contract for December delivery moved lower by 2.97 percent or
55.70 to close at 1817.60 per troy ounce. Silver contract for December delivery
moved lower by .57 percent or .237 to close out red at 41.63. During the
interval after last session close but prior to todays session open, spot gold
and spot silver prices move in negative territory. Spot gold price per gram was
lower by 1.10 at 50.02 and spot silver price per ounce was red by .17 at 41.64.
Camillo Zucari
interest in stocks moved higher. Global markets closed higher yesterday in Asia
and Europe and this positive action traveled over seas to help stock indices in
the U.S. notch higher. As investors moved back into stocks, they positioned less
with safe haven assets like gold and silver. The primary stock indices in the
U.S. ended green across the tracking boards. The Dow Jones closed higher by 2.47
percent or 275.56 points at 11,414.86. The dollar dropped lower versus the euro,
the British pound and the Japanese yen. Gold and silver futures dropped lower on
the day. Gold contract for December delivery moved lower by 2.97 percent or
55.70 to close at 1817.60 per troy ounce. Silver contract for December delivery
moved lower by .57 percent or .237 to close out red at 41.63. During the
interval after last session close but prior to todays session open, spot gold
and spot silver prices move in negative territory. Spot gold price per gram was
lower by 1.10 at 50.02 and spot silver price per ounce was red by .17 at 41.64.
Camillo Zucari
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