At a time of slow growth in the world economy, companies that can generate
robust, organic growth through innovation stand out from the crowd. After
blowing away earnings estimates after the bell Thursday, it's clear that
Google (NASDAQ: GOOG ) is doing just that. The tech giant soundly beat estimates
on both the top and bottom lines, delivering $7.51 billion in revenues versus
estimates for $7.22 billion and reporting an EPS of $9.72 that obliterated the
consensus $8.74. The company continues to dominate the search business, and it
threatens to render Yahoo (NASDAQ: YHOO ) and Microsoft 's (NASDAQ: MSFT )
Bing irrelevant in this still fast-growing segment. Paid clicks rose 28% (versus
expectations of 17%), its mobile business more than doubled from a year ago, and
the company reported over 40 million users for its Google+ social network. Even
CEO Larry Page said he was "taken aback" by the popularity of Google+, which
is only four months old. It's this kind of growth that makes Google safe to
own as we await more clarity on the outlook for the global economy. Google is
one of premiere companies in the small universe of stocks that can reliably grow
through the worst-case economic scenario. The stock certainly isn't immune to
the risk on/risk off trade, as gauged by its 20% decline in the July-August
correction, but its strong growth profile makes it a name that institutional
managers can own without concern for "career risk." This helps make Google a
strong candidate to outperform if we hit another rough patch before the end of
the year. Click to Enlarge Companies that put up the kind of numbers we're
seeing from Google should warrant a premium multiple, but the stock still
isn't trading far above the broader-market P/E. Prior to Thursday's report,
Google was changing hands at just 13.3 times 2012 estimates versus about 12 for
the S&P 500 and a PEG ratio of 0.8. Even after the post-earnings run-up, the
stock is reasonably priced given its growth prospects and rock-solid balance
sheet. On this basis, one could argue that Google doesn't deserve the
performance gap it has experienced versus Apple in the past two years.
Friday, October 14, 2011
Is This Market Running Out of Steam?
Low volume and a lack of consistent leadership led to another day of mixed
results. The financial sector took back almost all of Wednesday's gains. Had
it not been for strength in the technology sector, there would have been broad
losses. The NYSE again failed to trade over 1 billion shares, with just 898
million shares traded, while the Nasdaq crossed just 457 million shares.
Decliners were ahead of advancers on the Big Board by 1.5-to-1 while the Nasdaq
was a break-even. The S&P 500 failed to penetrate its immediate resistance at
1,220, continuing the reversal down that began in the last 90 minutes of trading
on Wednesday. Its next support is the 50-day moving average at 1,172. The longer
the index remains below a significant point of resistance, the more significant
the line becomes. Note that as it lingers, the stochastic's fast line (red) is
beginning to arch over not an encouraging sign for the bulls. Disappointing
earnings from JPMorgan Chase (NYSE: JPM ) before the opening yesterday led to a
rough day for the financial stocks. The Financial Select Sector SPDR (NYSE: XLF
) not only reversed from resistance at $13, but closed below its 50-day moving
average at $12.50. The financial sector has been a drag on the broad market for
months, and many analysts hoped that Q4 would start with strong earnings for
JPM. Instead it looks like more of the same for both the group and the market.
Despite Research In Motion's (NASDAQ: RIMM ) umpteenth "disruption in
service" and its subsequent fall from grace, the technology sector performed
well yesterday. Much of the gain was due to a run on Google (NASDAQ: GOOG ), up
over 6% in anticipation of a strong earnings report after the close. Google
reported $9.72 versus average estimates of $8.74.
results. The financial sector took back almost all of Wednesday's gains. Had
it not been for strength in the technology sector, there would have been broad
losses. The NYSE again failed to trade over 1 billion shares, with just 898
million shares traded, while the Nasdaq crossed just 457 million shares.
Decliners were ahead of advancers on the Big Board by 1.5-to-1 while the Nasdaq
was a break-even. The S&P 500 failed to penetrate its immediate resistance at
1,220, continuing the reversal down that began in the last 90 minutes of trading
on Wednesday. Its next support is the 50-day moving average at 1,172. The longer
the index remains below a significant point of resistance, the more significant
the line becomes. Note that as it lingers, the stochastic's fast line (red) is
beginning to arch over not an encouraging sign for the bulls. Disappointing
earnings from JPMorgan Chase (NYSE: JPM ) before the opening yesterday led to a
rough day for the financial stocks. The Financial Select Sector SPDR (NYSE: XLF
) not only reversed from resistance at $13, but closed below its 50-day moving
average at $12.50. The financial sector has been a drag on the broad market for
months, and many analysts hoped that Q4 would start with strong earnings for
JPM. Instead it looks like more of the same for both the group and the market.
Despite Research In Motion's (NASDAQ: RIMM ) umpteenth "disruption in
service" and its subsequent fall from grace, the technology sector performed
well yesterday. Much of the gain was due to a run on Google (NASDAQ: GOOG ), up
over 6% in anticipation of a strong earnings report after the close. Google
reported $9.72 versus average estimates of $8.74.
Todays DJIA Index DJX DJI Dow Jones Industrial Average Stock Market News Today; Google Goog Stock Investing Finance Quote; Stock Market News
The primary stock market indicators moved in positive territory during the
majority of the last trading session in the U.S. The Dow Jones Industrial
Average, as well as the Nasdaq and the S&P 500, received an uplifting boost from
earnings and retail sales data. Specifically, auto sales were stronger than
expected and helped to push retail sales figures higher overall. According to
the Commerce Department data, retail sales figures in the U.S. posted higher by
1.1 percent in September. This was significant in that consumer spending
accounts for about 66 percent of overall economic growth in the U.S. Googles
better-than-expected results also helped to push indices higher overall as well.
According to Google finance, GOOG finished the last session higher by 5.85
percent at 591.68. Previous close for GOOG posted at 558.99 according to Google
finance. The primary index composites finished in positive territory for the
last session of the week. The positive trends helped to keep the primary U.S.
indices in the green for the week overall. The positive action also helped to
push the DJIA as well as the Nasdaq index into the green for the year overall.
Officially, the Dow Jones Average closed higher by 166.36 points at 11,644.49.
The Nasdaq closed on positive ground by 47.61 at 2,667.85. The S&P 500 finished
higher as well by 20.92 points at 1,245.58.
majority of the last trading session in the U.S. The Dow Jones Industrial
Average, as well as the Nasdaq and the S&P 500, received an uplifting boost from
earnings and retail sales data. Specifically, auto sales were stronger than
expected and helped to push retail sales figures higher overall. According to
the Commerce Department data, retail sales figures in the U.S. posted higher by
1.1 percent in September. This was significant in that consumer spending
accounts for about 66 percent of overall economic growth in the U.S. Googles
better-than-expected results also helped to push indices higher overall as well.
According to Google finance, GOOG finished the last session higher by 5.85
percent at 591.68. Previous close for GOOG posted at 558.99 according to Google
finance. The primary index composites finished in positive territory for the
last session of the week. The positive trends helped to keep the primary U.S.
indices in the green for the week overall. The positive action also helped to
push the DJIA as well as the Nasdaq index into the green for the year overall.
Officially, the Dow Jones Average closed higher by 166.36 points at 11,644.49.
The Nasdaq closed on positive ground by 47.61 at 2,667.85. The S&P 500 finished
higher as well by 20.92 points at 1,245.58.
Put on Your Market Rally Caps
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tdp2664 InvestorPlace Eight trading sessions have now passed since the stock market bottomed on Oct. 3. How are we doing? Good enough! So far, it doesn’t look like March 2009 all over again. The figures we’re getting for breadth and volume don’t point to an explosive surge like the one that kicked off the bull market 31 months ago, but that kind of shock-and-awe firepower isn’t necessary for the market to stage a vigorous year-end rally. Let’s enjoy the uptrend as much as we can, for as long as we can. Peering ahead into 2012, I suspect that Europe’s woes, combined with a marked growth slowdown in China, will create persistent headwinds for global bourses — including our own. However, there seems to be enough positive news flow, for now, to lift the S&P 500 back into the 1,250 to 1,275 range over the next two to three months. With a little extra luck, the S&P might even make it back to 1,300. That would be optimistic, though. So, we’re talking about fairly modest upside from here. To play it, I suggest buying safe, defensive stocks with generous dividends. They’re likely to hold their ground best when the market climate cools again — as it probably will before the end of next year’s first quarter. Earnings Reports On Wednesday, PepsiCo (NYSE: PEP ) reported sales and profits that neatly topped Wall Street estimates. Operating net per share jumped 10% versus the year-ago period, despite the company’s well-publicized struggles with rising commodity prices. I love PEP’s strategic thrust into more nutritional product lines, including hummus, salsa and dips. According to a new study by the Robert Wood Johnson Foundation, companies that produce better-for-you foods also generate superior long-term financial results. It’s rare among food-and-beverage stocks to find one trading close to the same P/E ratio it fetched at the major bottom in early 2009. Yet PEP fits that description. Current yield: 3.3%. Keep buying the shares at $65 or less — a slightly lower limit reflecting my cautious outlook for the market beyond Jan. 31. What about banks? JPMorgan Chase (NYSE: JPM ) put out a decent set of Q3 numbers Wednesday, but to no avail. Investors focused on litigation expense and a drop in investment-banking revenues — two factors that might drag on JPM (and other big banks) for a couple more quarters. JPM, like Bank of New York Mellon (NYSE: BK ), undoubtedly will survive the current banking shakeout and emerge stronger than ever. I own a big chunk of both stocks and have no intention to sell. The plump, safe dividends paid by both
Thumbs Up for Dell, Down for Microsoft
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tdp2664 InvestorPlace Michael Dell opened the inaugural Dell World 2011 information-technology conference in Austin on October 12. One of the topics
The Gold Price, Silver Price and Stocks All Rose While The Dollar Dropped. Gold Price Closed Today at 1,685.10
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DG365FD46564GFH654FU898 Gold Price Close Today : 1,685.10 Gold Price Close 7-Oct : 1,634.50 Change : 50.60 or 3.1% Silver Price Close Today : 3214 Silver Price Close 7-Oct : 3095.8 Change : 118.20 or 3.8% Gold Silver Ratio Today : 52.430 Gold Silver Ratio 7-Oct : 52.797 Change : -0.37 or -0.7% Silver Gold Ratio : 0.01907 Silver Gold Ratio 7-Oct : 0.01894 Change : 0.00013 or 0.7% Dow in Gold Dollars : $ 142.85 Dow in Gold Dollars 7-Oct : $ 140.42 Change : $ 2.42 or 1.7% Dow in Gold Ounces : 6.910 Dow in Gold Ounces 7-Oct : 6.793 Change : 0.12 or 1.7% Dow in Silver Ounces : 362.31 Dow in Silver Ounces 7-Oct : 358.65 Change : 3.65 or 1.0% Dow Industrial : 11,644.49 Dow Industrial 7-Oct : 11,103.12 Change : 541.37 or 4.9% S&P 500 : 1,224.58 S&P 500 7-Oct : 1,155.46 Change : 69.12 or 6.0% US Dollar Index : 76.607 US Dollar Index 7-Oct : 78.792 Change : -2.185 or -2.8% Platinum Price Close Today : 1,555.00 Platinum Price Close 7-Oct : 1,496.60 Change : 58.40 or 3.9% Palladium Price Close Today : 626.00 Palladium Price Close 7-Oct : 590.70 Change : 35.30 or 6.0% Turns out I was completely wrong last week when I expected the GOLD PRICE and the SILVER PRICE to drop. Dollar dropped instead, while GOLD , SILVER , and stocks all rose. PALLADIUM was the week’s biggest gainer, up 6%. Stocks are marching along to retirement nirvana, hurrah, hurrah. The GOLD PRICE bewilders me. Look at the weekly chart, and it has done no more than sketch out a range bounded by $1655 and $1685. Nothing plain about the longer term chart, either. Might be a flat topped rising triangle, which is bullish, but then again, might be a rising wedge, which is bearish. Add another complication: the bigg pattern from mid-August thru September forms a falling wedge, which is bullish. Although GOLD is rallying, I expect it to hit the bottom of that peaking area from $1,725 to $1,800 and knock itself out. The two year weekly chart screams that gold will drop further. But when gold hits the 150 dma again (now $1,596) I reckon I’ll have to buy some. Waiting is making me awfully nervous. The SILVER PRICE , O, the Silver Price! The weekly chart looks like a head and shoulders top. Monday’s left shoulder topped at 3250c, Wednesday’s head at 3300c, and today’s right shoulder at 3250c. Neckline holds it all up at 3130c. Y’all don’t start throwing rocks at me, I’m just reporting what I see. On the other hand, the long term (10 year) weekly chart teaches me that the decline was caught by the uptrend line from the 2008 bottom. How much lower, then, can you expect it to fall? Maybe not much. Top of the range is 3300c, bottom 3130c. Break either way should run like a scalded dog. I will buy on any break below 3100c. There’s always a danger that you will “talk your position” and convince yourself you’re right, all the while ignoring the reasons you’re wrong. The 57.5 GOLD SILVER RATIO , which is my target fro swapping back into silver from gold, lies about at the 62% correction of the fall that began in February 2010. I think we can get it. I hope I haven’t missed it already. Stocks are cooking, reached their highest close today since late August. Dow rose 166.36 (1.45%) to 11,644.59 accompanied by the S&P500 up 1.95% (13.64) to 1,224.58. Before you call your brother-in-law and rub it in how smart you are for staying in stocks, observe that stocks, although above their 20 day moving average (11,144) and 50 DMA (11,201), have not quite yet topped their August intraday high at 11,716.84. An optimist might look at the Dow’s chart and say, “It’s about to break through 11,700 resistance!” A realist might look at it and say, “Let the rejoicing await a close above 11,716 and the previous low at 11,863. Let the Dow prove this is not merely a consolidation, but really a rally. And don’t forget that Dow Theory down turn signal a few weeks ago. Wait! And what about that MACD that’s drawing so close to overbought?” Let’s wait till Monday and see how well the Dow handles this 11,600- 11,700 level. Stocks — they put the Boo! in boomerang. US DOLLAR INDEX keeps ratcheting down, giving back the gains from the September rally. Today ended at 76.607, down 0.5% or 38.9 basis points. Before its correction ends, it might touch the 200 DMA at 75.94. Strange as it sounds coming from me, I still expect further rallying from the dollar. Space aliens landed in Brussels today and pledged to bail out the European banks. On the strength of that promise the euro rose to 1.3877, up 0.73%, and has nearly reached its 50 DMA (1.3936 — 20 dma at 1.3548). Could rally clean up to 1.42, where its sorrows commenced. But I wouldn’t buy euros until I see the color of those space aliens’ money. (Don’t bother telling me I’m not being serious. Mercy, I’m as serious as all those goofs out there buying euros when the banking system is as broke as the Ten Commandments. What are they counting on to bail them out if not space aliens or something equally likely?) Japanese Yen closed today at 129.54c/Y100 (Y77.2/$1). Yen is sliding down the descending top boundary line of a triangle, but not enough that you could call it anything more than a trading range. Here are a few Peace of Mind Steps y’all can take in the face of today’s insane uncertainties. ** Get three months’ living expenses out of the bank, in cash, smallish bills, and store them in a safe place with 24 hour access. Don’t bother calling me crazy, I’ve been maligned by professionals, so it doesn’t bother me. Banks and your government are the most lethal and ruthless combination running loose today. Remember 1985 when banks and SandLs closed in Maryland and Ohio? Government simply closed ‘em, no warning, and if your kids went hunger, tough luck. They will do anything — including shoot their mothers in front of a cop — to save their system. Close banks, limit withdrawals (“Oh, sorry you can’t live on $300 a week. Eat dirt.”), anything. Just give yourself enough cushion to protect your family. ** You and your wife ask yourself: If the place we are living suddenly became Beirut, or Sirte, or Baghdad, where would we go? Remember, a refugee is somebody who is trudging someplace else to die. ** Ask yourselves, “If I couldn’t shop at the grocery for a week, what would we eat?” Pick up a couple of 25 lb. bags of rice and dried beans. Ask also what water you would drink — clean water. ** Inquire of the mirror, How would we defend ourselves if there were no police? If you’ve never taken a pistol combat course,do that. And buy some ammunition — it seldom goes stale. Remember, a man with a full magazine sleeps more soundly. Y’all enjoy your weekend! Argentum et aurum comparanda sunt — – Silver and gold 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 bubble has burst, primary trend down. WARNING AND DISCLAIMER. 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 short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.
U.S Retail Sales Increased in September – October Report
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DG365FD46564GFH654FU898 Retails and foods services sales slightly inclined in September compared to August 2011, and were 7.9% above the sales at September 2010. The U.S. Department of Commerce issued its monthly report on the change in the U.S. retail and food sales during September 2011. This report adjusts for seasonal variances but controls for price changes. During September, the U.S. retail and food sales reached $395.5 billion, which is higher by 1.1% above the sales in August. The gasoline stations sales were 20.3% higher in September 2011 than a year earlier and 1.2% higher than in August 2011. Total sales of gasoline in the past nine month in 2011 reached $403.045 billion (not adjusted for seasonality) – an increase of 19.5% from the parallel time in 2010. The financial markets seem to react to this news as the U.S stock markets along with the major commodities prices’ are currently traded up. Current Nymex crude oil price, short term futures (November 2011 delivery) is traded sharply up by 3.26% to $86.98 per barrel as of 18:29*. Current Dated Brent spot oil price inclines by $3.09/b to $115.24 / barrel as of 18:29*. Current gold price, short term futures (November 2011 delivery) is
Friday Apple Rumors — iPhone 4S Too Much for AT&T Servers
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tdp2664 InvestorPlace Here are your daily Apple rumors and news items for Friday: AT&T Smothered by iPhone 4S: First, the iPhone 3 . Then, the iPhone 4 . And now, according to a Friday report at Mac Rumors , history is repeating itself yet again with the iPhone 4S debut, as AT&T ‘s (NYSE: T ) activations servers reportedly crashed while a large number of users attempted to turn on their new Apple ( NASDAQ : AAPL ) smartphones. As of this writing, Verizon (NYSE: VZ ) users haven’t reported similar widespread activations problems, nor has Sprint (NYSE: S ), which is carrying the iPhone for the first time. iCloud Costing Apple More Than Expected: It’s a good thing Apple is making so much on the iPhone and iPad, because its new iCloud service is going to cost the company plenty to maintain. Asymco analyst Horace Dediu released a report on Apple’s Property, Plant and Equipment costs and found that Apple has already spent $750 million in building and developing the Maiden, N.C., data facility that is the center of its cloud services and digital media stores like iTunes. In 2009, Apple planned to spend just $1 billion over nine years developing the North Carolina data center, according to a report at 9 to 5 Mac . That estimate is, obviously, being exceeded by the costs of running a major cloud service that will be accessed by hundreds of millions of iPhone, iPod, iPad and Mac users. Netherlands Says No to Samsung’s iPhone Block: Aiming to turn the patent infringing table on its nemesis and one-time benefactor, Samsung (PINK: SSNLF ) recently tried to block Apple from releasing the iPhone 4S in a number of countries, claiming that the new phone infringed on patents held by the Korean company. A Friday report at Reuters (via Apple Insider ) said that, at least in the Netherlands, Samsung’s bid to block Apple has failed. A Dutch judge dismissed Samsung’s claims after deciding that its patents were open to license and that the company should come to an agreement with Apple. Intellectual property expert Florian Mueller of FOSS Patents believes the Dutch ruling will be reflected in decisions regarding the same block attempts in France and Italy. As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at
Gold, Silver March Despite Positive Retail Sales Report
Gold and silver prices were moving higher in Friday morning trading, even as a
healthy print on September retail sales gave investors a bit more confidence
that the U.S. economy wasnt falling into another black hole. Spot gold briefly
breached the $1,680-per-ounce level early today and was trading at $1,672.50
Bid, $1,673.50 Ask, having hit a high of $1,685 and a low of $1,671.70. The
London p.m. gold fix was set at $1,678 by the London Bullion Market Association
. Spot silver was bid at $32.16 with an ask price of $32.26, having hit a
morning high of $32.65 and a low of $31.94. The reference price for spot
delivery of an ounce of silver was set at $31.82 by the LBMA in the London a.m.
In stock exchange trading, gold and silver trusts were moving up. The SPDR Gold
Trust (NYSE: GLD ) was around 0.25% higher. The iShares Gold Trust (NYSE: IAU )
also was up about 0.25%. The iShares Silver Trust (NYSE: SLV ) was around 1.4%
higher. Gold and silver mining ETFs started the day up strongly. The Market
Vectors Gold Miners ETF (NYSE: GDX ) was more than 1.5% higher. The Market
Vector Junior Gold Miners ETF (NYSE: GDXJ ) was up more than 1.4%. The Global X
Silver Miners ETF (NYSE: SIL ) was some 1.7% higher. Shares of gold miners were
broadly higher, with NovaGold Resources the exception. Agnico Eagle Mines (USA)
(NYSE: AEM ) was around 0.3% higher. Barrick Gold Corp. (NYSE: ABX ) was up
around 1.45%. Goldcorp (NYSE: GG ) was up around 1.4%. Newmont Mining Corp.
(NYSE: NEM ) was some 2% higher. NovaGold Resources (USA) (AMEX: NG ) was off
more than 1.5%. Silver mining shares also were moving higher Friday morning.
Coeur DAlene Mines Corp. (NYSE: CDE ) was 1.6% higher. Hecla Mining (NYSE: HL )
was moving between gains of 1.5% and 1.9%. Pan American Silver Corp. (USA)
(NASDAQ: PAAS ) was around 0.9%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was
showing gains of 2.1%. Silver Standard Resources Inc. (USA) (NASDAQ: SSRI ) was
up around 1.4%. As of this writing, Andrew Burger did not hold a position in any
of the aforementioned investments.
healthy print on September retail sales gave investors a bit more confidence
that the U.S. economy wasnt falling into another black hole. Spot gold briefly
breached the $1,680-per-ounce level early today and was trading at $1,672.50
Bid, $1,673.50 Ask, having hit a high of $1,685 and a low of $1,671.70. The
London p.m. gold fix was set at $1,678 by the London Bullion Market Association
. Spot silver was bid at $32.16 with an ask price of $32.26, having hit a
morning high of $32.65 and a low of $31.94. The reference price for spot
delivery of an ounce of silver was set at $31.82 by the LBMA in the London a.m.
In stock exchange trading, gold and silver trusts were moving up. The SPDR Gold
Trust (NYSE: GLD ) was around 0.25% higher. The iShares Gold Trust (NYSE: IAU )
also was up about 0.25%. The iShares Silver Trust (NYSE: SLV ) was around 1.4%
higher. Gold and silver mining ETFs started the day up strongly. The Market
Vectors Gold Miners ETF (NYSE: GDX ) was more than 1.5% higher. The Market
Vector Junior Gold Miners ETF (NYSE: GDXJ ) was up more than 1.4%. The Global X
Silver Miners ETF (NYSE: SIL ) was some 1.7% higher. Shares of gold miners were
broadly higher, with NovaGold Resources the exception. Agnico Eagle Mines (USA)
(NYSE: AEM ) was around 0.3% higher. Barrick Gold Corp. (NYSE: ABX ) was up
around 1.45%. Goldcorp (NYSE: GG ) was up around 1.4%. Newmont Mining Corp.
(NYSE: NEM ) was some 2% higher. NovaGold Resources (USA) (AMEX: NG ) was off
more than 1.5%. Silver mining shares also were moving higher Friday morning.
Coeur DAlene Mines Corp. (NYSE: CDE ) was 1.6% higher. Hecla Mining (NYSE: HL )
was moving between gains of 1.5% and 1.9%. Pan American Silver Corp. (USA)
(NASDAQ: PAAS ) was around 0.9%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was
showing gains of 2.1%. Silver Standard Resources Inc. (USA) (NASDAQ: SSRI ) was
up around 1.4%. As of this writing, Andrew Burger did not hold a position in any
of the aforementioned investments.
Gold, Silver March Despite Positive Retail Sales Report
Gold and silver prices were moving higher in Friday morning trading, even as a
healthy print on September retail sales gave investors a bit more confidence
that the U.S. economy wasnt falling into another black hole. Spot gold briefly
breached the $1,680-per-ounce level early today and was trading at $1,672.50
Bid, $1,673.50 Ask, having hit a high of $1,685 and a low of $1,671.70. The
London p.m. gold fix was set at $1,678 by the London Bullion Market Association
. Spot silver was bid at $32.16 with an ask price of $32.26, having hit a
morning high of $32.65 and a low of $31.94. The reference price for spot
delivery of an ounce of silver was set at $31.82 by the LBMA in the London a.m.
In stock exchange trading, gold and silver trusts were moving up. The SPDR Gold
Trust (NYSE: GLD ) was around 0.25% higher. The iShares Gold Trust (NYSE: IAU )
also was up about 0.25%. The iShares Silver Trust (NYSE: SLV ) was around 1.4%
higher. Gold and silver mining ETFs started the day up strongly. The Market
Vectors Gold Miners ETF (NYSE: GDX ) was more than 1.5% higher. The Market
Vector Junior Gold Miners ETF (NYSE: GDXJ ) was up more than 1.4%. The Global X
Silver Miners ETF (NYSE: SIL ) was some 1.7% higher. Shares of gold miners were
broadly higher, with NovaGold Resources the exception. Agnico Eagle Mines (USA)
(NYSE: AEM ) was around 0.3% higher. Barrick Gold Corp. (NYSE: ABX ) was up
around 1.45%. Goldcorp (NYSE: GG ) was up around 1.4%. Newmont Mining Corp.
(NYSE: NEM ) was some 2% higher. NovaGold Resources (USA) (AMEX: NG ) was off
more than 1.5%. Silver mining shares also were moving higher Friday morning.
Coeur DAlene Mines Corp. (NYSE: CDE ) was 1.6% higher. Hecla Mining (NYSE: HL )
was moving between gains of 1.5% and 1.9%. Pan American Silver Corp. (USA)
(NASDAQ: PAAS ) was around 0.9%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was
showing gains of 2.1%. Silver Standard Resources Inc. (USA) (NASDAQ: SSRI ) was
up around 1.4%. As of this writing, Andrew Burger did not hold a position in any
of the aforementioned investments.
healthy print on September retail sales gave investors a bit more confidence
that the U.S. economy wasnt falling into another black hole. Spot gold briefly
breached the $1,680-per-ounce level early today and was trading at $1,672.50
Bid, $1,673.50 Ask, having hit a high of $1,685 and a low of $1,671.70. The
London p.m. gold fix was set at $1,678 by the London Bullion Market Association
. Spot silver was bid at $32.16 with an ask price of $32.26, having hit a
morning high of $32.65 and a low of $31.94. The reference price for spot
delivery of an ounce of silver was set at $31.82 by the LBMA in the London a.m.
In stock exchange trading, gold and silver trusts were moving up. The SPDR Gold
Trust (NYSE: GLD ) was around 0.25% higher. The iShares Gold Trust (NYSE: IAU )
also was up about 0.25%. The iShares Silver Trust (NYSE: SLV ) was around 1.4%
higher. Gold and silver mining ETFs started the day up strongly. The Market
Vectors Gold Miners ETF (NYSE: GDX ) was more than 1.5% higher. The Market
Vector Junior Gold Miners ETF (NYSE: GDXJ ) was up more than 1.4%. The Global X
Silver Miners ETF (NYSE: SIL ) was some 1.7% higher. Shares of gold miners were
broadly higher, with NovaGold Resources the exception. Agnico Eagle Mines (USA)
(NYSE: AEM ) was around 0.3% higher. Barrick Gold Corp. (NYSE: ABX ) was up
around 1.45%. Goldcorp (NYSE: GG ) was up around 1.4%. Newmont Mining Corp.
(NYSE: NEM ) was some 2% higher. NovaGold Resources (USA) (AMEX: NG ) was off
more than 1.5%. Silver mining shares also were moving higher Friday morning.
Coeur DAlene Mines Corp. (NYSE: CDE ) was 1.6% higher. Hecla Mining (NYSE: HL )
was moving between gains of 1.5% and 1.9%. Pan American Silver Corp. (USA)
(NASDAQ: PAAS ) was around 0.9%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was
showing gains of 2.1%. Silver Standard Resources Inc. (USA) (NASDAQ: SSRI ) was
up around 1.4%. As of this writing, Andrew Burger did not hold a position in any
of the aforementioned investments.
Gold, Silver March Despite Positive Retail Sales Report
Gold and silver prices were moving higher in Friday morning trading, even as a
healthy print on September retail sales gave investors a bit more confidence
that the U.S. economy wasnt falling into another black hole. Spot gold briefly
breached the $1,680-per-ounce level early today and was trading at $1,672.50
Bid, $1,673.50 Ask, having hit a high of $1,685 and a low of $1,671.70. The
London p.m. gold fix was set at $1,678 by the London Bullion Market Association
. Spot silver was bid at $32.16 with an ask price of $32.26, having hit a
morning high of $32.65 and a low of $31.94. The reference price for spot
delivery of an ounce of silver was set at $31.82 by the LBMA in the London a.m.
In stock exchange trading, gold and silver trusts were moving up. The SPDR Gold
Trust (NYSE: GLD ) was around 0.25% higher. The iShares Gold Trust (NYSE: IAU )
also was up about 0.25%. The iShares Silver Trust (NYSE: SLV ) was around 1.4%
higher. Gold and silver mining ETFs started the day up strongly. The Market
Vectors Gold Miners ETF (NYSE: GDX ) was more than 1.5% higher. The Market
Vector Junior Gold Miners ETF (NYSE: GDXJ ) was up more than 1.4%. The Global X
Silver Miners ETF (NYSE: SIL ) was some 1.7% higher. Shares of gold miners were
broadly higher, with NovaGold Resources the exception. Agnico Eagle Mines (USA)
(NYSE: AEM ) was around 0.3% higher. Barrick Gold Corp. (NYSE: ABX ) was up
around 1.45%. Goldcorp (NYSE: GG ) was up around 1.4%. Newmont Mining Corp.
(NYSE: NEM ) was some 2% higher. NovaGold Resources (USA) (AMEX: NG ) was off
more than 1.5%. Silver mining shares also were moving higher Friday morning.
Coeur DAlene Mines Corp. (NYSE: CDE ) was 1.6% higher. Hecla Mining (NYSE: HL )
was moving between gains of 1.5% and 1.9%. Pan American Silver Corp. (USA)
(NASDAQ: PAAS ) was around 0.9%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was
showing gains of 2.1%. Silver Standard Resources Inc. (USA) (NASDAQ: SSRI ) was
up around 1.4%. As of this writing, Andrew Burger did not hold a position in any
of the aforementioned investments.
healthy print on September retail sales gave investors a bit more confidence
that the U.S. economy wasnt falling into another black hole. Spot gold briefly
breached the $1,680-per-ounce level early today and was trading at $1,672.50
Bid, $1,673.50 Ask, having hit a high of $1,685 and a low of $1,671.70. The
London p.m. gold fix was set at $1,678 by the London Bullion Market Association
. Spot silver was bid at $32.16 with an ask price of $32.26, having hit a
morning high of $32.65 and a low of $31.94. The reference price for spot
delivery of an ounce of silver was set at $31.82 by the LBMA in the London a.m.
In stock exchange trading, gold and silver trusts were moving up. The SPDR Gold
Trust (NYSE: GLD ) was around 0.25% higher. The iShares Gold Trust (NYSE: IAU )
also was up about 0.25%. The iShares Silver Trust (NYSE: SLV ) was around 1.4%
higher. Gold and silver mining ETFs started the day up strongly. The Market
Vectors Gold Miners ETF (NYSE: GDX ) was more than 1.5% higher. The Market
Vector Junior Gold Miners ETF (NYSE: GDXJ ) was up more than 1.4%. The Global X
Silver Miners ETF (NYSE: SIL ) was some 1.7% higher. Shares of gold miners were
broadly higher, with NovaGold Resources the exception. Agnico Eagle Mines (USA)
(NYSE: AEM ) was around 0.3% higher. Barrick Gold Corp. (NYSE: ABX ) was up
around 1.45%. Goldcorp (NYSE: GG ) was up around 1.4%. Newmont Mining Corp.
(NYSE: NEM ) was some 2% higher. NovaGold Resources (USA) (AMEX: NG ) was off
more than 1.5%. Silver mining shares also were moving higher Friday morning.
Coeur DAlene Mines Corp. (NYSE: CDE ) was 1.6% higher. Hecla Mining (NYSE: HL )
was moving between gains of 1.5% and 1.9%. Pan American Silver Corp. (USA)
(NASDAQ: PAAS ) was around 0.9%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was
showing gains of 2.1%. Silver Standard Resources Inc. (USA) (NASDAQ: SSRI ) was
up around 1.4%. As of this writing, Andrew Burger did not hold a position in any
of the aforementioned investments.
Gold, Silver March Despite Positive Retail Sales Report
Gold and silver prices were moving higher in Friday morning trading, even as a
healthy print on September retail sales gave investors a bit more confidence
that the U.S. economy wasnt falling into another black hole. Spot gold briefly
breached the $1,680-per-ounce level early today and was trading at $1,672.50
Bid, $1,673.50 Ask, having hit a high of $1,685 and a low of $1,671.70. The
London p.m. gold fix was set at $1,678 by the London Bullion Market Association
. Spot silver was bid at $32.16 with an ask price of $32.26, having hit a
morning high of $32.65 and a low of $31.94. The reference price for spot
delivery of an ounce of silver was set at $31.82 by the LBMA in the London a.m.
In stock exchange trading, gold and silver trusts were moving up. The SPDR Gold
Trust (NYSE: GLD ) was around 0.25% higher. The iShares Gold Trust (NYSE: IAU )
also was up about 0.25%. The iShares Silver Trust (NYSE: SLV ) was around 1.4%
higher. Gold and silver mining ETFs started the day up strongly. The Market
Vectors Gold Miners ETF (NYSE: GDX ) was more than 1.5% higher. The Market
Vector Junior Gold Miners ETF (NYSE: GDXJ ) was up more than 1.4%. The Global X
Silver Miners ETF (NYSE: SIL ) was some 1.7% higher. Shares of gold miners were
broadly higher, with NovaGold Resources the exception. Agnico Eagle Mines (USA)
(NYSE: AEM ) was around 0.3% higher. Barrick Gold Corp. (NYSE: ABX ) was up
around 1.45%. Goldcorp (NYSE: GG ) was up around 1.4%. Newmont Mining Corp.
(NYSE: NEM ) was some 2% higher. NovaGold Resources (USA) (AMEX: NG ) was off
more than 1.5%. Silver mining shares also were moving higher Friday morning.
Coeur DAlene Mines Corp. (NYSE: CDE ) was 1.6% higher. Hecla Mining (NYSE: HL )
was moving between gains of 1.5% and 1.9%. Pan American Silver Corp. (USA)
(NASDAQ: PAAS ) was around 0.9%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was
showing gains of 2.1%. Silver Standard Resources Inc. (USA) (NASDAQ: SSRI ) was
up around 1.4%. As of this writing, Andrew Burger did not hold a position in any
of the aforementioned investments.
healthy print on September retail sales gave investors a bit more confidence
that the U.S. economy wasnt falling into another black hole. Spot gold briefly
breached the $1,680-per-ounce level early today and was trading at $1,672.50
Bid, $1,673.50 Ask, having hit a high of $1,685 and a low of $1,671.70. The
London p.m. gold fix was set at $1,678 by the London Bullion Market Association
. Spot silver was bid at $32.16 with an ask price of $32.26, having hit a
morning high of $32.65 and a low of $31.94. The reference price for spot
delivery of an ounce of silver was set at $31.82 by the LBMA in the London a.m.
In stock exchange trading, gold and silver trusts were moving up. The SPDR Gold
Trust (NYSE: GLD ) was around 0.25% higher. The iShares Gold Trust (NYSE: IAU )
also was up about 0.25%. The iShares Silver Trust (NYSE: SLV ) was around 1.4%
higher. Gold and silver mining ETFs started the day up strongly. The Market
Vectors Gold Miners ETF (NYSE: GDX ) was more than 1.5% higher. The Market
Vector Junior Gold Miners ETF (NYSE: GDXJ ) was up more than 1.4%. The Global X
Silver Miners ETF (NYSE: SIL ) was some 1.7% higher. Shares of gold miners were
broadly higher, with NovaGold Resources the exception. Agnico Eagle Mines (USA)
(NYSE: AEM ) was around 0.3% higher. Barrick Gold Corp. (NYSE: ABX ) was up
around 1.45%. Goldcorp (NYSE: GG ) was up around 1.4%. Newmont Mining Corp.
(NYSE: NEM ) was some 2% higher. NovaGold Resources (USA) (AMEX: NG ) was off
more than 1.5%. Silver mining shares also were moving higher Friday morning.
Coeur DAlene Mines Corp. (NYSE: CDE ) was 1.6% higher. Hecla Mining (NYSE: HL )
was moving between gains of 1.5% and 1.9%. Pan American Silver Corp. (USA)
(NASDAQ: PAAS ) was around 0.9%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was
showing gains of 2.1%. Silver Standard Resources Inc. (USA) (NASDAQ: SSRI ) was
up around 1.4%. As of this writing, Andrew Burger did not hold a position in any
of the aforementioned investments.
Gold, Silver March Despite Positive Retail Sales Report
Gold and silver prices were moving higher in Friday morning trading, even as a
healthy print on September retail sales gave investors a bit more confidence
that the U.S. economy wasnt falling into another black hole. Spot gold briefly
breached the $1,680-per-ounce level early today and was trading at $1,672.50
Bid, $1,673.50 Ask, having hit a high of $1,685 and a low of $1,671.70. The
London p.m. gold fix was set at $1,678 by the London Bullion Market Association
. Spot silver was bid at $32.16 with an ask price of $32.26, having hit a
morning high of $32.65 and a low of $31.94. The reference price for spot
delivery of an ounce of silver was set at $31.82 by the LBMA in the London a.m.
In stock exchange trading, gold and silver trusts were moving up. The SPDR Gold
Trust (NYSE: GLD ) was around 0.25% higher. The iShares Gold Trust (NYSE: IAU )
also was up about 0.25%. The iShares Silver Trust (NYSE: SLV ) was around 1.4%
higher. Gold and silver mining ETFs started the day up strongly. The Market
Vectors Gold Miners ETF (NYSE: GDX ) was more than 1.5% higher. The Market
Vector Junior Gold Miners ETF (NYSE: GDXJ ) was up more than 1.4%. The Global X
Silver Miners ETF (NYSE: SIL ) was some 1.7% higher. Shares of gold miners were
broadly higher, with NovaGold Resources the exception. Agnico Eagle Mines (USA)
(NYSE: AEM ) was around 0.3% higher. Barrick Gold Corp. (NYSE: ABX ) was up
around 1.45%. Goldcorp (NYSE: GG ) was up around 1.4%. Newmont Mining Corp.
(NYSE: NEM ) was some 2% higher. NovaGold Resources (USA) (AMEX: NG ) was off
more than 1.5%. Silver mining shares also were moving higher Friday morning.
Coeur DAlene Mines Corp. (NYSE: CDE ) was 1.6% higher. Hecla Mining (NYSE: HL )
was moving between gains of 1.5% and 1.9%. Pan American Silver Corp. (USA)
(NASDAQ: PAAS ) was around 0.9%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was
showing gains of 2.1%. Silver Standard Resources Inc. (USA) (NASDAQ: SSRI ) was
up around 1.4%. As of this writing, Andrew Burger did not hold a position in any
of the aforementioned investments.
healthy print on September retail sales gave investors a bit more confidence
that the U.S. economy wasnt falling into another black hole. Spot gold briefly
breached the $1,680-per-ounce level early today and was trading at $1,672.50
Bid, $1,673.50 Ask, having hit a high of $1,685 and a low of $1,671.70. The
London p.m. gold fix was set at $1,678 by the London Bullion Market Association
. Spot silver was bid at $32.16 with an ask price of $32.26, having hit a
morning high of $32.65 and a low of $31.94. The reference price for spot
delivery of an ounce of silver was set at $31.82 by the LBMA in the London a.m.
In stock exchange trading, gold and silver trusts were moving up. The SPDR Gold
Trust (NYSE: GLD ) was around 0.25% higher. The iShares Gold Trust (NYSE: IAU )
also was up about 0.25%. The iShares Silver Trust (NYSE: SLV ) was around 1.4%
higher. Gold and silver mining ETFs started the day up strongly. The Market
Vectors Gold Miners ETF (NYSE: GDX ) was more than 1.5% higher. The Market
Vector Junior Gold Miners ETF (NYSE: GDXJ ) was up more than 1.4%. The Global X
Silver Miners ETF (NYSE: SIL ) was some 1.7% higher. Shares of gold miners were
broadly higher, with NovaGold Resources the exception. Agnico Eagle Mines (USA)
(NYSE: AEM ) was around 0.3% higher. Barrick Gold Corp. (NYSE: ABX ) was up
around 1.45%. Goldcorp (NYSE: GG ) was up around 1.4%. Newmont Mining Corp.
(NYSE: NEM ) was some 2% higher. NovaGold Resources (USA) (AMEX: NG ) was off
more than 1.5%. Silver mining shares also were moving higher Friday morning.
Coeur DAlene Mines Corp. (NYSE: CDE ) was 1.6% higher. Hecla Mining (NYSE: HL )
was moving between gains of 1.5% and 1.9%. Pan American Silver Corp. (USA)
(NASDAQ: PAAS ) was around 0.9%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was
showing gains of 2.1%. Silver Standard Resources Inc. (USA) (NASDAQ: SSRI ) was
up around 1.4%. As of this writing, Andrew Burger did not hold a position in any
of the aforementioned investments.
The Gold Price, Silver Price and Stocks All Rose While The Dollar Dropped. Gold Price Closed Today at 1,685.10
Gold Price Close Today : 1,685.10 Gold Price Close 7-Oct : 1,634.50 Change :
50.60 or 3.1% Silver Price Close Today : 3214 Silver Price Close 7-Oct : 3095.8
Change : 118.20 or 3.8% Gold Silver Ratio Today : 52.430 Gold Silver Ratio 7-Oct
: 52.797 Change : -0.37 or -0.7% Silver Gold Ratio : 0.01907 Silver Gold Ratio
7-Oct : 0.01894 Change : 0.00013 or 0.7% Dow in Gold Dollars : $ 142.85 Dow in
Gold Dollars 7-Oct : $ 140.42 Change : $ 2.42 or 1.7% Dow in Gold Ounces : 6.910
Dow in Gold Ounces 7-Oct : 6.793 Change : 0.12 or 1.7% Dow in Silver Ounces :
362.31 Dow in Silver Ounces 7-Oct : 358.65 Change : 3.65 or 1.0% Dow Industrial
: 11,644.49 Dow Industrial 7-Oct : 11,103.12 Change : 541.37 or 4.9% S&P 500 :
1,224.58 S&P 500 7-Oct : 1,155.46 Change : 69.12 or 6.0% US Dollar Index :
76.607 US Dollar Index 7-Oct : 78.792 Change : -2.185 or -2.8% Platinum Price
Close Today : 1,555.00 Platinum Price Close 7-Oct : 1,496.60 Change : 58.40 or
3.9% Palladium Price Close Today : 626.00 Palladium Price Close 7-Oct : 590.70
Change : 35.30 or 6.0% Turns out I was completely wrong last week when I
expected the GOLD PRICE and the SILVER PRICE to drop. Dollar dropped instead,
while GOLD , SILVER , and stocks all rose. PALLADIUM was the week's biggest
gainer, up 6%. Stocks are marching along to retirement nirvana, hurrah, hurrah.
The GOLD PRICE bewilders me. Look at the weekly chart, and it has done no more
than sketch out a range bounded by $1655 and $1685. Nothing plain about the
longer term chart, either. Might be a flat topped rising triangle, which is
bullish, but then again, might be a rising wedge, which is bearish. Add another
complication: the bigg pattern from mid-August thru September forms a falling
wedge, which is bullish. Although GOLD is rallying, I expect it to hit the
bottom of that peaking area from $1,725 to $1,800 and knock itself out. The two
year weekly chart screams that gold will drop further. But when gold hits the
150 dma again (now $1,596) I reckon I'll have to buy some. Waiting is making me
awfully nervous. The SILVER PRICE , O, the Silver Price! The weekly chart looks
like a head and shoulders top. Monday's left shoulder topped at 3250c,
Wednesday's head at 3300c, and today's right shoulder at 3250c. Neckline holds
it all up at 3130c. Y'all don't start throwing rocks at me, I'm just reporting
what I see. On the other hand, the long term (10 year) weekly chart teaches me
that the decline was caught by the uptrend line from the 2008 bottom. How much
lower, then, can you expect it to fall? Maybe not much. Top of the range is
3300c, bottom 3130c. Break either way should run like a scalded dog. I will buy
on any break below 3100c. There's always a danger that you will "talk your
position" and convince yourself you're right, all the while ignoring the reasons
you're wrong. The 57.5 GOLD SILVER RATIO , which is my target fro swapping back
into silver from gold, lies about at the 62% correction of the fall that began
in February 2010. I think we can get it. I hope I haven't missed it already.
Stocks are cooking, reached their highest close today since late August. Dow
rose 166.36 (1.45%) to 11,644.59 accompanied by the S&P500 up 1.95% (13.64) to
1,224.58. Before you call your brother-in-law and rub it in how smart you are
for staying in stocks, observe that stocks, although above their 20 day moving
average (11,144) and 50 DMA (11,201), have not quite yet topped their August
intraday high at 11,716.84. An optimist might look at the Dow's chart and say,
"It's about to break through 11,700 resistance!" A realist might look at it and
say, "Let the rejoicing await a close above 11,716 and the previous low at
11,863. Let the Dow prove this is not merely a consolidation, but really a
rally. And don't forget that Dow Theory down turn signal a few weeks ago. Wait!
And what about that MACD that's drawing so close to overbought?" Let's wait till
Monday and see how well the Dow handles this 11,600- 11,700 level. Stocks --
they put the Boo! in boomerang. US DOLLAR INDEX keeps ratcheting down, giving
back the gains from the September rally. Today ended at 76.607, down 0.5% or
38.9 basis points. Before its correction ends, it might touch the 200 DMA at
75.94. Strange as it sounds coming from me, I still expect further rallying from
the dollar. Space aliens landed in Brussels today and pledged to bail out the
European banks. On the strength of that promise the euro rose to 1.3877, up
0.73%, and has nearly reached its 50 DMA (1.3936 -- 20 dma at 1.3548). Could
rally clean up to 1.42, where its sorrows commenced. But I wouldn't buy euros
until I see the color of those space aliens' money. (Don't bother telling me I'm
not being serious. Mercy, I'm as serious as all those goofs out there buying
euros when the banking system is as broke as the Ten Commandments. What are they
counting on to bail them out if not space aliens or something equally likely?)
Japanese Yen closed today at 129.54c/Y100 (Y77.2/$1). Yen is sliding down the
descending top boundary line of a triangle, but not enough that you could call
it anything more than a trading range. Here are a few Peace of Mind Steps y'all
can take in the face of today's insane uncertainties. ** Get three months'
living expenses out of the bank, in cash, smallish bills, and store them in a
safe place with 24 hour access. Don't bother calling me crazy, I've been
maligned by professionals, so it doesn't bother me. Banks and your government
are the most lethal and ruthless combination running loose today. Remember 1985
when banks and SandLs closed in Maryland and Ohio? Government simply closed 'em,
no warning, and if your kids went hunger, tough luck. They will do anything --
including shoot their mothers in front of a cop -- to save their system. Close
banks, limit withdrawals ("Oh, sorry you can't live on $300 a week. Eat dirt."),
anything. Just give yourself enough cushion to protect your family. ** You and
your wife ask yourself: If the place we are living suddenly became Beirut, or
Sirte, or Baghdad, where would we go? Remember, a refugee is somebody who is
trudging someplace else to die. ** Ask yourselves, "If I couldn't shop at the
grocery for a week, what would we eat?" Pick up a couple of 25 lb. bags of rice
and dried beans. Ask also what water you would drink -- clean water. ** Inquire
of the mirror, How would we defend ourselves if there were no police? If you've
never taken a pistol combat course,do that. And buy some ammunition -- it seldom
goes stale. Remember, a man with a full magazine sleeps more soundly. Y'all
enjoy your weekend! Argentum et aurum comparanda sunt -- -- Silver and gold 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 bubble has burst,
primary trend down. WARNING AND DISCLAIMER. 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 short term trading outlook. I write them for long-term
investors in physical metals. Take them as entertainment, but not as a timing
service for futures. NOR do I recommend investing in gold or silver Exchange
Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or
another may go up in smoke. Unless you can breathe smoke, stay away. Call me
paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading
futures options or other leveraged paper gold and silver products. These are not
for the inexperienced. NOR do I recommend buying gold and silver on margin or
with debt. What DO I recommend? Physical gold and silver coins and bars in your
own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.
50.60 or 3.1% Silver Price Close Today : 3214 Silver Price Close 7-Oct : 3095.8
Change : 118.20 or 3.8% Gold Silver Ratio Today : 52.430 Gold Silver Ratio 7-Oct
: 52.797 Change : -0.37 or -0.7% Silver Gold Ratio : 0.01907 Silver Gold Ratio
7-Oct : 0.01894 Change : 0.00013 or 0.7% Dow in Gold Dollars : $ 142.85 Dow in
Gold Dollars 7-Oct : $ 140.42 Change : $ 2.42 or 1.7% Dow in Gold Ounces : 6.910
Dow in Gold Ounces 7-Oct : 6.793 Change : 0.12 or 1.7% Dow in Silver Ounces :
362.31 Dow in Silver Ounces 7-Oct : 358.65 Change : 3.65 or 1.0% Dow Industrial
: 11,644.49 Dow Industrial 7-Oct : 11,103.12 Change : 541.37 or 4.9% S&P 500 :
1,224.58 S&P 500 7-Oct : 1,155.46 Change : 69.12 or 6.0% US Dollar Index :
76.607 US Dollar Index 7-Oct : 78.792 Change : -2.185 or -2.8% Platinum Price
Close Today : 1,555.00 Platinum Price Close 7-Oct : 1,496.60 Change : 58.40 or
3.9% Palladium Price Close Today : 626.00 Palladium Price Close 7-Oct : 590.70
Change : 35.30 or 6.0% Turns out I was completely wrong last week when I
expected the GOLD PRICE and the SILVER PRICE to drop. Dollar dropped instead,
while GOLD , SILVER , and stocks all rose. PALLADIUM was the week's biggest
gainer, up 6%. Stocks are marching along to retirement nirvana, hurrah, hurrah.
The GOLD PRICE bewilders me. Look at the weekly chart, and it has done no more
than sketch out a range bounded by $1655 and $1685. Nothing plain about the
longer term chart, either. Might be a flat topped rising triangle, which is
bullish, but then again, might be a rising wedge, which is bearish. Add another
complication: the bigg pattern from mid-August thru September forms a falling
wedge, which is bullish. Although GOLD is rallying, I expect it to hit the
bottom of that peaking area from $1,725 to $1,800 and knock itself out. The two
year weekly chart screams that gold will drop further. But when gold hits the
150 dma again (now $1,596) I reckon I'll have to buy some. Waiting is making me
awfully nervous. The SILVER PRICE , O, the Silver Price! The weekly chart looks
like a head and shoulders top. Monday's left shoulder topped at 3250c,
Wednesday's head at 3300c, and today's right shoulder at 3250c. Neckline holds
it all up at 3130c. Y'all don't start throwing rocks at me, I'm just reporting
what I see. On the other hand, the long term (10 year) weekly chart teaches me
that the decline was caught by the uptrend line from the 2008 bottom. How much
lower, then, can you expect it to fall? Maybe not much. Top of the range is
3300c, bottom 3130c. Break either way should run like a scalded dog. I will buy
on any break below 3100c. There's always a danger that you will "talk your
position" and convince yourself you're right, all the while ignoring the reasons
you're wrong. The 57.5 GOLD SILVER RATIO , which is my target fro swapping back
into silver from gold, lies about at the 62% correction of the fall that began
in February 2010. I think we can get it. I hope I haven't missed it already.
Stocks are cooking, reached their highest close today since late August. Dow
rose 166.36 (1.45%) to 11,644.59 accompanied by the S&P500 up 1.95% (13.64) to
1,224.58. Before you call your brother-in-law and rub it in how smart you are
for staying in stocks, observe that stocks, although above their 20 day moving
average (11,144) and 50 DMA (11,201), have not quite yet topped their August
intraday high at 11,716.84. An optimist might look at the Dow's chart and say,
"It's about to break through 11,700 resistance!" A realist might look at it and
say, "Let the rejoicing await a close above 11,716 and the previous low at
11,863. Let the Dow prove this is not merely a consolidation, but really a
rally. And don't forget that Dow Theory down turn signal a few weeks ago. Wait!
And what about that MACD that's drawing so close to overbought?" Let's wait till
Monday and see how well the Dow handles this 11,600- 11,700 level. Stocks --
they put the Boo! in boomerang. US DOLLAR INDEX keeps ratcheting down, giving
back the gains from the September rally. Today ended at 76.607, down 0.5% or
38.9 basis points. Before its correction ends, it might touch the 200 DMA at
75.94. Strange as it sounds coming from me, I still expect further rallying from
the dollar. Space aliens landed in Brussels today and pledged to bail out the
European banks. On the strength of that promise the euro rose to 1.3877, up
0.73%, and has nearly reached its 50 DMA (1.3936 -- 20 dma at 1.3548). Could
rally clean up to 1.42, where its sorrows commenced. But I wouldn't buy euros
until I see the color of those space aliens' money. (Don't bother telling me I'm
not being serious. Mercy, I'm as serious as all those goofs out there buying
euros when the banking system is as broke as the Ten Commandments. What are they
counting on to bail them out if not space aliens or something equally likely?)
Japanese Yen closed today at 129.54c/Y100 (Y77.2/$1). Yen is sliding down the
descending top boundary line of a triangle, but not enough that you could call
it anything more than a trading range. Here are a few Peace of Mind Steps y'all
can take in the face of today's insane uncertainties. ** Get three months'
living expenses out of the bank, in cash, smallish bills, and store them in a
safe place with 24 hour access. Don't bother calling me crazy, I've been
maligned by professionals, so it doesn't bother me. Banks and your government
are the most lethal and ruthless combination running loose today. Remember 1985
when banks and SandLs closed in Maryland and Ohio? Government simply closed 'em,
no warning, and if your kids went hunger, tough luck. They will do anything --
including shoot their mothers in front of a cop -- to save their system. Close
banks, limit withdrawals ("Oh, sorry you can't live on $300 a week. Eat dirt."),
anything. Just give yourself enough cushion to protect your family. ** You and
your wife ask yourself: If the place we are living suddenly became Beirut, or
Sirte, or Baghdad, where would we go? Remember, a refugee is somebody who is
trudging someplace else to die. ** Ask yourselves, "If I couldn't shop at the
grocery for a week, what would we eat?" Pick up a couple of 25 lb. bags of rice
and dried beans. Ask also what water you would drink -- clean water. ** Inquire
of the mirror, How would we defend ourselves if there were no police? If you've
never taken a pistol combat course,do that. And buy some ammunition -- it seldom
goes stale. Remember, a man with a full magazine sleeps more soundly. Y'all
enjoy your weekend! Argentum et aurum comparanda sunt -- -- Silver and gold 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 bubble has burst,
primary trend down. WARNING AND DISCLAIMER. 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 short term trading outlook. I write them for long-term
investors in physical metals. Take them as entertainment, but not as a timing
service for futures. NOR do I recommend investing in gold or silver Exchange
Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or
another may go up in smoke. Unless you can breathe smoke, stay away. Call me
paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading
futures options or other leveraged paper gold and silver products. These are not
for the inexperienced. NOR do I recommend buying gold and silver on margin or
with debt. What DO I recommend? Physical gold and silver coins and bars in your
own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.
Microsoft Corporation (NASDAQ:MSFT) Signs Another Android Patent Deal
Microsoft Corporation (NASDAQ:MSFT) has signed a patent agreement with Quanta
Computer. Microsoft Corporation (NASDAQ:MSFT) Signs Another Android Patent Deal
Microsoft Corporation (NASDAQ:MSFT) and Quanta Computer Inc. have signed a
patent agreement covering Android and Chrome-based devices. The agreement will
provide broad coverage under Microsoft Corporation (NASDAQ:MSFT)s patent
portfolio for Quantas tablets, smartphones and other consumer devices running
the Android or Chrome Platform. Microsoft Corporation (NASDAQ:MSFT) will receive
royalties from Quanta under the agreement. Horacio Gutierrez, corporate vice
president and deputy general counsel, Intellectual Property Group at Microsoft
Corporation (NASDAQ:MSFT), said that, "Microsoft Corporation (NASDAQ:MSFT) is
pleased to have reached this agreement with Quanta, and proud of the continued
success of our Android licensing program in resolving IP issues surrounding
Android and Chrome devices in the marketplace". Microsoft Corp. (NASDAQ:MSFT)
shares are currently standing at 27.18. Price History Last Price: 27.18 52 Week
Low / High: 23.65 / 29.46 50 Day Moving Average: 25.7 6 Month Price Change %:
6.9% 12 Month Price Change %: 7.3%
Computer. Microsoft Corporation (NASDAQ:MSFT) Signs Another Android Patent Deal
Microsoft Corporation (NASDAQ:MSFT) and Quanta Computer Inc. have signed a
patent agreement covering Android and Chrome-based devices. The agreement will
provide broad coverage under Microsoft Corporation (NASDAQ:MSFT)s patent
portfolio for Quantas tablets, smartphones and other consumer devices running
the Android or Chrome Platform. Microsoft Corporation (NASDAQ:MSFT) will receive
royalties from Quanta under the agreement. Horacio Gutierrez, corporate vice
president and deputy general counsel, Intellectual Property Group at Microsoft
Corporation (NASDAQ:MSFT), said that, "Microsoft Corporation (NASDAQ:MSFT) is
pleased to have reached this agreement with Quanta, and proud of the continued
success of our Android licensing program in resolving IP issues surrounding
Android and Chrome devices in the marketplace". Microsoft Corp. (NASDAQ:MSFT)
shares are currently standing at 27.18. Price History Last Price: 27.18 52 Week
Low / High: 23.65 / 29.46 50 Day Moving Average: 25.7 6 Month Price Change %:
6.9% 12 Month Price Change %: 7.3%
Get in Line — 3 Blockbuster Gadgets That Were Worth Waiting For
After half a decade of popular iProduct releases, the big customer line-ups are
becoming rote, an expected and not especially newsworthy routine for zealots,
entrepreneurs and excited first-timers. Apple s (NASDAQ: AAPL ) iPhone 4S was
released Friday morning, and people were out in droves. While only 350 customers
were waiting at the companys flagship New York City store by 8 a.m. still
hardly a record for Apple releases in that city but many more surrounded stores
in Germany, Australia, Japan and other countries around the world . Demand for
Apples gear is real enough that it regularly outstrips supply. Just look at
Marchs iPad 2 release . The release furor also equates to big earnings. Apple
sold 1 million iPhone 4S pre-orders in 24 hours earlier this week. That breaks
down to between $200 million and $400 million in sales, and that was before
Verizon (NYSE: VZ ), AT&T (NYSE: T ) and
becoming rote, an expected and not especially newsworthy routine for zealots,
entrepreneurs and excited first-timers. Apple s (NASDAQ: AAPL ) iPhone 4S was
released Friday morning, and people were out in droves. While only 350 customers
were waiting at the companys flagship New York City store by 8 a.m. still
hardly a record for Apple releases in that city but many more surrounded stores
in Germany, Australia, Japan and other countries around the world . Demand for
Apples gear is real enough that it regularly outstrips supply. Just look at
Marchs iPad 2 release . The release furor also equates to big earnings. Apple
sold 1 million iPhone 4S pre-orders in 24 hours earlier this week. That breaks
down to between $200 million and $400 million in sales, and that was before
Verizon (NYSE: VZ ), AT&T (NYSE: T ) and
Friday Apple Rumors — iPhone 4S Too Much for AT&T Servers
Here are your daily Apple rumors and news items for Friday: AT&T Smothered by
iPhone 4S: First, the iPhone 3 . Then, the iPhone 4 . And now, according to a
Friday report at Mac Rumors , history is repeating itself yet again with the
iPhone 4S debut, as AT&T s (NYSE: T ) activations servers reportedly crashed
while a large number of users attempted to turn on their new Apple (NASDAQ: AAPL
) smartphones. As of this writing, Verizon (NYSE: VZ ) users havent reported
similar widespread activations problems, nor has Sprint (NYSE: S ), which is
carrying the iPhone for the first time. iCloud Costing Apple More Than Expected:
Its a good thing Apple is making so much on the iPhone and iPad, because its new
iCloud service is going to cost the company plenty to maintain. Asymco analyst
Horace Dediu released a report on Apples Property, Plant and Equipment costs and
found that Apple has already spent $750 million in building and developing the
Maiden, N.C., data facility that is the center of its cloud services and digital
media stores like iTunes. In 2009, Apple planned to spend just $1 billion over
nine years developing the North Carolina data center, according to a report at 9
to 5 Mac . That estimate is, obviously, being exceeded by the costs of running a
major cloud service that will be accessed by hundreds of millions of iPhone,
iPod, iPad and Mac users. Netherlands Says No to Samsungs iPhone Block: Aiming
to turn the patent infringing table on its nemesis and one-time benefactor,
Samsung (PINK: SSNLF ) recently tried to block Apple from releasing the iPhone
4S in a number of countries, claiming that the new phone infringed on patents
held by the Korean company. A Friday report at Reuters (via Apple Insider ) said
that, at least in the Netherlands, Samsungs bid to block Apple has failed. A
Dutch judge dismissed Samsungs claims after deciding that its patents were open
to license and that the company should come to an agreement with Apple.
Intellectual property expert Florian Mueller of FOSS Patents believes the Dutch
ruling will be reflected in decisions regarding the same block attempts in
France and Italy. As of this writing, Anthony John Agnello did not own a
position in any of the stocks named here. Follow him on Twitter at
iPhone 4S: First, the iPhone 3 . Then, the iPhone 4 . And now, according to a
Friday report at Mac Rumors , history is repeating itself yet again with the
iPhone 4S debut, as AT&T s (NYSE: T ) activations servers reportedly crashed
while a large number of users attempted to turn on their new Apple (NASDAQ: AAPL
) smartphones. As of this writing, Verizon (NYSE: VZ ) users havent reported
similar widespread activations problems, nor has Sprint (NYSE: S ), which is
carrying the iPhone for the first time. iCloud Costing Apple More Than Expected:
Its a good thing Apple is making so much on the iPhone and iPad, because its new
iCloud service is going to cost the company plenty to maintain. Asymco analyst
Horace Dediu released a report on Apples Property, Plant and Equipment costs and
found that Apple has already spent $750 million in building and developing the
Maiden, N.C., data facility that is the center of its cloud services and digital
media stores like iTunes. In 2009, Apple planned to spend just $1 billion over
nine years developing the North Carolina data center, according to a report at 9
to 5 Mac . That estimate is, obviously, being exceeded by the costs of running a
major cloud service that will be accessed by hundreds of millions of iPhone,
iPod, iPad and Mac users. Netherlands Says No to Samsungs iPhone Block: Aiming
to turn the patent infringing table on its nemesis and one-time benefactor,
Samsung (PINK: SSNLF ) recently tried to block Apple from releasing the iPhone
4S in a number of countries, claiming that the new phone infringed on patents
held by the Korean company. A Friday report at Reuters (via Apple Insider ) said
that, at least in the Netherlands, Samsungs bid to block Apple has failed. A
Dutch judge dismissed Samsungs claims after deciding that its patents were open
to license and that the company should come to an agreement with Apple.
Intellectual property expert Florian Mueller of FOSS Patents believes the Dutch
ruling will be reflected in decisions regarding the same block attempts in
France and Italy. As of this writing, Anthony John Agnello did not own a
position in any of the stocks named here. Follow him on Twitter at
Top 10 U.S.-Listed Chinese Stocks with Highest Upside: CIS, COGO, CCIH, CISG, CAAS, SORL, DQ, TSL, STP, VISN (Oct 14, 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 346.0%.
Its consensus target price is $14.36 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 263.4%. Its consensus target price is $7.67 based
on the average of all estimates. ChinaCache Internatnl Hldgs Ltd (ADR)
(NASDAQ:CCIH) has the 3rd highest upside potential in this segment of the
market. Its upside is 235.9%. Its consensus target price is $14.58 based on the
average of all estimates. CNinsure Inc. (ADR) (NASDAQ:CISG) has the 4th highest
upside potential in this segment of the market. Its upside is 218.1%. Its
consensus target price is $20.36 based on the average of all estimates. China
Automotive Systems, Inc. (NASDAQ:CAAS) has the 5th highest upside potential in
this segment of the market. Its upside is 204.9%. Its consensus target price is
$15.00 based on the average of all estimates. Sorl Auto Parts, Inc.
(NASDAQ:SORL) has the 6th highest upside potential in this segment of the
market. Its upside is 179.8%. Its consensus target price is $7.88 based on the
average of all estimates. Daqo New Energy Corp. (NYSE:DQ) has the 7th highest
upside potential in this segment of the market. Its upside is 153.3%. Its
consensus target price is $9.50 based on the average of all estimates. Trina
Solar Limited (ADR) (NYSE:TSL) has the 8th highest upside potential in this
segment of the market. Its upside is 137.5%. Its consensus target price is
$17.86 based on the average of all estimates. Suntech Power Holdings Co., Ltd.
(ADR) (NYSE:STP) has the 9th highest upside potential in this segment of the
market. Its upside is 133.2%. Its consensus target price is $5.55 based on the
average of all estimates. VisionChina Media Inc (ADR) (NASDAQ:VISN) has the 10th
highest upside potential in this segment of the market. Its upside is 130.9%.
Its consensus target price is $3.93 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 346.0%.
Its consensus target price is $14.36 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 263.4%. Its consensus target price is $7.67 based
on the average of all estimates. ChinaCache Internatnl Hldgs Ltd (ADR)
(NASDAQ:CCIH) has the 3rd highest upside potential in this segment of the
market. Its upside is 235.9%. Its consensus target price is $14.58 based on the
average of all estimates. CNinsure Inc. (ADR) (NASDAQ:CISG) has the 4th highest
upside potential in this segment of the market. Its upside is 218.1%. Its
consensus target price is $20.36 based on the average of all estimates. China
Automotive Systems, Inc. (NASDAQ:CAAS) has the 5th highest upside potential in
this segment of the market. Its upside is 204.9%. Its consensus target price is
$15.00 based on the average of all estimates. Sorl Auto Parts, Inc.
(NASDAQ:SORL) has the 6th highest upside potential in this segment of the
market. Its upside is 179.8%. Its consensus target price is $7.88 based on the
average of all estimates. Daqo New Energy Corp. (NYSE:DQ) has the 7th highest
upside potential in this segment of the market. Its upside is 153.3%. Its
consensus target price is $9.50 based on the average of all estimates. Trina
Solar Limited (ADR) (NYSE:TSL) has the 8th highest upside potential in this
segment of the market. Its upside is 137.5%. Its consensus target price is
$17.86 based on the average of all estimates. Suntech Power Holdings Co., Ltd.
(ADR) (NYSE:STP) has the 9th highest upside potential in this segment of the
market. Its upside is 133.2%. Its consensus target price is $5.55 based on the
average of all estimates. VisionChina Media Inc (ADR) (NASDAQ:VISN) has the 10th
highest upside potential in this segment of the market. Its upside is 130.9%.
Its consensus target price is $3.93 based on the average of all estimates.
Vanguard Funds Fire Managers, Change Strategies
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tdp2664 InvestorPlace Sometimes you have to admit when something is not working as well as it should and move on. That appears to be the impetus for Vanguard’s decision to revamp management and strategy for six of its funds, including Asset Allocation, Growth & Income and the four LifeStrategy funds-of-funds at the end of September. Vanguard Growth & Income’s Manager Change While Vanguard avoided pointing fingers, poor performance was at least partially behind its decision to fire Mellon Capital Management as the sub-adviser for the Vanguard Growth & Income (MUTF: VQNPX ) mutual fund. Three new sub-advisers will now manage one third of the fund’s $4 billion in assets in Mellon’s place. The new roster includes Los Angeles Capital Management’s Thomas D. Stevens and Hal W. Reynolds, D.E. Shaw Investment Management’s Anthony Foley and Vanguard’s own James Troyer, a member of the firm’s Quantitative Equity Group. The new managers will continue to employ a quantitative approach, using computer models to select stocks. The former manager’s computers have struggled in recent years, particularly in 2008, when the fund tanked 37.7%, slightly more than its S&P 500 index benchmark. The fund’s annualized performance also trails the S&P 500 over the three-year (-0.6% vs. 1.2%) and five-year periods (-2.6% vs. -1.2%) ended September 30. Over the last year, the fund did slightly outperform its benchmark, but for Mellon it was a case of too little, too late. If the new management setup doesn’t perform to Vanguard’s satisfaction, I wouldn’t be surprised if Growth & Income were merged into one of the firm’s broad-based index funds down the line. For now, I’d advise staying away. Vanguard Asset Allocation Closed, Merging with Balanced Index The Vanguard Asset Allocation (MUTF: VAAPX ) mutual fund suffered an even harsher fate than Growth & Income, as Vanguard has fired former manager Mellon. They closed the $8.6 billion fund and announced plans to merge its assets with the Vanguard Balanced Index (MUTF: VBINX ) fund. While Asset Allocation had the freedom to shift its assets between stocks, bonds or cash, depending on market conditions and former manager Mellon’s quantitative modeling (over the last few years, Mellon had allocated 70% to 100% of assets to stocks, with the remainder in bonds), Balanced Index keeps a static 60%/40% stock/bond mix. Under the supervision of two Vanguard managers — Gregory Davis of the Fixed Income Group and Michael Perre of the Quantitative Equity Group — Asset Allocation will gradually change its makeup to match that of Balanced Index, at which point the funds will be merged. Here again, it’s likely Mellon has been ousted over performance issues. Through the five-year period ended September 30, the fund delivered an average annual loss of 1.8%, while its benchmark (a 65%/35% mix of the S&P 500 index and the Barclays Capital U.S. Long Treasury Bond index) achieved an average 4.2% annual gain. Last quarter, Mellon’s managers made some ill-timed shifts between stocks and bonds. The fund sold down stocks in mid-August, only to buy them back at higher prices a couple of weeks later, which resulted in a 5.8% loss for the month. Through the end of September, Asset Allocation was down 7.4% for the year, the second-worst performance of all of Vanguard's balanced funds in 2011. If you’re currently an Asset Allocation investor and you’re okay with having your investment shifted into a more conservative allocation similar to Balanced Index, you don’t have to lift a finger. If you want to remain in an actively-managed, balanced Vanguard fund, I’d suggest the Vanguard Wellington (MUTF: VWELX ) fund, which boasts long-term performance better than both Asset Allocation and Balanced Index.
Sorting Out the Earnings — Friday’s IP Market Recap
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tdp2664 InvestorPlace Much of this week's financial buzz centered around Alcoa 's (NYSE: AA ) Q3 earnings report Tuesday — the "official" start of earnings season — as well as the quarterly results for a couple major players in the tech and financial sectors, expected to set the pace for the next few weeks as Wall Street shakes out corporate America's three-month winners and losers. The aluminum-making earnings bellwether kicked things off on a sour note late Tuesday with a wide miss of expectations, reporting EPS of 15 cents to Wall Street's 22-cent estimates that sent the stock down as much as 5.5% Wednesday. Alcoa's report, often also cited as a gauge of numerous economic headwinds, demonstrated a few things — namely, that earnings estimates in general after the past quarter might be too high, and that while China's economy might be better than thought, Europe's tanking isn't being overplayed. However, AA stock gained back some ground by the end of the trading day and made up most of the rest by the end of the week — and Alcoa actually finished up 5.5% (at $10.26) for the week! The initial drop might have been reactionary, but numerous investors took the opportunity to get a financially sound industry leader at bargain-basement prices. Financial Sector Blues JPMorgan Chase (NYSE: JPM ) set a poor cadence for financial institutions Thursday despite beating expectations. JPM took a 5% loss on the day and sent its banking brethren to the hurt locker , too. The negativity came not from the earnings, which were $1.02 compared to an expected 92 cents — but from numerous other pieces of unwelcome news, including losses from several fee sources, lawsuits over bad mortgages and an expected $300 million drop in debit card fees in Q4. Still, JPMorgan remains a highly profitable company that's a more attractive investment opportunity than some of its other peers. And although JPM took a post-earnings hit, the losses were buffered by a buildup heading into Thursday, and JPM also finished the week for the better, up almost 4% to $31.89. Finally, Good Earnings News However, not all earnings reports this week were frowny faces and wilted flowers. Google ( NASDAQ : GOOG ) — citing massive increases in paid clicks and in its mobile business, as well as 40 million users for its Google+ social network — reported EPS of $9.72 on Thursday, hurdling Wall Street's expectations by almost 10%. Google finished Friday at $591.68, which put it up 5.85% for the day and almost 15% for the week. And despite the enormous ramp-up in stock price, GOOG still is reasonably priced. Not to mention the company's enormous gains came at a generally lousy time for the markets at large, making the case for Google to be considered a tech safe-haven . BlackBerries Work For 2 Out of 5 Days Poor Research In Motion ( NASDAQ : RIMM ). It’s gaining little traction with its new BlackBerry smartphones, the PlayBook has flubbed, and this week it endured another scuff to its tarnished brand when the BlackBerry service endured a three-day outage affecting 70 million users globally and causing scores to renounce their devices. While the short-term effects on RIMM stock were minimal — it actually finished the week up 1.5% at $23.97 — the long-term damage to the company could be severe. Research In Motion already has numerous superior competitors and several self-made problems , both of which have helped RIMM stock lose more than half its value year to date. Thus, the company was in no position to suffer a massive blow to consumer loyalty. Three Up Halliburton (NYSE: HAL ): Up 6.88% ($2.41) to $37.43. Baker Hughes (NYSE: BHI ): Up 6.16% ($3.29) to $56.67. Schlumberger (NYSE: SLB ): Up $5.57 ($3.74) to $70.94. Three Down Youku.com ( NASDAQ : YOKU ): Down 6.63% ($1.44) to $20.28. China Unicom (NYSE: CHU ): Down 4.16% (83 cents) to $19.12. US Airways (NYSE: LCC ): Down 4.13% (26 cents) to $6.04. As of this writing, Kyle Woodley did not own a position in any of the aforementioned stocks.
Gold price per ounce spot gold price per gram; Gold Price Today Green; Silver Price per ounce Approaching Close
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dow2664 Gold and silver price per ounce rates moved higher during the majority of the last trading session today. As the session approached end of day close, gold and silver contract were trending on the positive side of breakeven. Gold price trends have been struggling recently due, in part, to the strengthening of the greenback. The higher dollar value has been placing pressure on precious metal gold and silver acquisition. Over the course of the past month, gold and silver price trends are distinctly negative. Gold and silver price trend movement has spent the whole of the month on the negative side of break-even. According to one month change data analysis, gold price trends are negative by almost 9 percent. Silver price trends are negative by 21.40 percent according to one month change data analysis. As the trading session finalized close numbers today, both gold and silver were bucking recent trends and moving on the positive side of break-even. Contract gold for December delivery was higher by 14.50 at $1683 per troy ounce. Silver contract for December delivery was higher by .506 at $32.17 per troy ounce. Spot gold per gram and spot silver per ounce were also moving in positive territory at this point. Spot gold per gram was higher by .39 at 54.03 and spot silver per ounce was higher by .51 at 32.18. Camillo Zucari
Gold Futures Post 2.8% Weekly Gain, Silver Surges 3.8%
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DG365FD46564GFH654FU898 Gold futures climbed Friday on the heels of another broad-based rally in the commodities complex. COMEX gold futures for December 2011 delivery advanced $14.50, or 0.9%, to settle at $1,683.00 per ounce.
Apple Inc. (NASDAQ:AAPL) Beating RIM In Wealth Departments
It has been reported that wealth managers prefer Apple Inc. (NASDAQ:AAPL) over
RIM. Apple Inc. (NASDAQ:AAPL) Beating RIM In Wealth Departments According to a
survey by Aite Group, wealth managers prefer using Apple Inc. (NASDAQ:AAPL)
products for business rather than Research in Motions BlackBerry devices. About
45 percent of advisers have said that they would choose an Apple Inc.
(NASDAQ:AAPL) iPhone or iPad than BlackBerry devices. Phil Michaels, head of
business development at Aegis Capital Corp said, "Im not surprised that Apple
Inc. (NASDAQ:AAPL) had made inroads, but I am surprised that the statistic was
that weighted against the BlackBerry." Apple Inc. (NASDAQ:AAPL) shares were at
408.43 at the end of the last days trading. Theres been a 14.2% movement 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
RIM. Apple Inc. (NASDAQ:AAPL) Beating RIM In Wealth Departments According to a
survey by Aite Group, wealth managers prefer using Apple Inc. (NASDAQ:AAPL)
products for business rather than Research in Motions BlackBerry devices. About
45 percent of advisers have said that they would choose an Apple Inc.
(NASDAQ:AAPL) iPhone or iPad than BlackBerry devices. Phil Michaels, head of
business development at Aegis Capital Corp said, "Im not surprised that Apple
Inc. (NASDAQ:AAPL) had made inroads, but I am surprised that the statistic was
that weighted against the BlackBerry." Apple Inc. (NASDAQ:AAPL) shares were at
408.43 at the end of the last days trading. Theres been a 14.2% movement 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
Sorting Out the Earnings — Friday’s IP Market Recap
Much of this week's financial buzz centered around Alcoa 's (NYSE: AA ) Q3
earnings report Tuesday the "official" start of earnings season as well as
the quarterly results for a couple major players in the tech and financial
sectors, expected to set the pace for the next few weeks as Wall Street shakes
out corporate America's three-month winners and losers. The aluminum-making
earnings bellwether kicked things off on a sour note late Tuesday with a wide
miss of expectations, reporting EPS of 15 cents to Wall Street's 22-cent
estimates that sent the stock down as much as 5.5% Wednesday. Alcoa's report,
often also cited as a gauge of numerous economic headwinds, demonstrated a few
things namely, that earnings estimates in general after the past quarter might
be too high, and that while China's economy might be better than thought,
Europe's tanking isn't being overplayed. However, AA stock gained back some
ground by the end of the trading day and made up most of the rest by the end of
the week and Alcoa actually finished up 5.5% (at $10.26) for the week! The
initial drop might have been reactionary, but numerous investors took the
opportunity to get a financially sound industry leader at bargain-basement
prices. Financial Sector Blues JPMorgan Chase (NYSE: JPM ) set a poor cadence
for financial institutions Thursday despite beating expectations. JPM took a 5%
loss on the day and sent its banking brethren to the hurt locker , too. The
negativity came not from the earnings, which were $1.02 compared to an expected
92 cents but from numerous other pieces of unwelcome news, including losses
from several fee sources, lawsuits over bad mortgages and an expected $300
million drop in debit card fees in Q4. Still, JPMorgan remains a highly
profitable company that's a more attractive investment opportunity than some
of its other peers. And although JPM took a post-earnings hit, the losses were
buffered by a buildup heading into Thursday, and JPM also finished the week for
the better, up almost 4% to $31.89. Finally, Good Earnings News However, not all
earnings reports this week were frowny faces and wilted flowers. Google (NASDAQ:
GOOG ) citing massive increases in paid clicks and in its mobile business, as
well as 40 million users for its Google+ social network reported EPS of $9.72
on Thursday, hurdling Wall Street's expectations by almost 10%. Google
finished Friday at $591.68, which put it up 5.85% for the day and almost 15% for
the week. And despite the enormous ramp-up in stock price, GOOG still is
reasonably priced. Not to mention the company's enormous gains came at a
generally lousy time for the markets at large, making the case for Google to be
considered a tech safe-haven . BlackBerries Work For 2 Out of 5 Days Poor
Research In Motion (NASDAQ: RIMM ). Its gaining little traction with its new
BlackBerry smartphones, the PlayBook has flubbed, and this week it endured
another scuff to its tarnished brand when the BlackBerry service endured a
three-day outage affecting 70 million users globally and causing scores to
renounce their devices. While the short-term effects on RIMM stock were minimal
it actually finished the week up 1.5% at $23.97 the long-term damage to the
company could be severe. Research In Motion already has numerous superior
competitors and several self-made problems , both of which have helped RIMM
stock lose more than half its value year to date. Thus, the company was in no
position to suffer a massive blow to consumer loyalty. Three Up Halliburton
(NYSE: HAL ): Up 6.88% ($2.41) to $37.43. Baker Hughes (NYSE: BHI ): Up 6.16%
($3.29) to $56.67. Schlumberger (NYSE: SLB ): Up $5.57 ($3.74) to $70.94. Three
Down Youku.com (NASDAQ: YOKU ): Down 6.63% ($1.44) to $20.28. China Unicom
(NYSE: CHU ): Down 4.16% (83 cents) to $19.12. US Airways (NYSE: LCC ): Down
4.13% (26 cents) to $6.04. As of this writing, Kyle Woodley did not own a
position in any of the aforementioned stocks.
earnings report Tuesday the "official" start of earnings season as well as
the quarterly results for a couple major players in the tech and financial
sectors, expected to set the pace for the next few weeks as Wall Street shakes
out corporate America's three-month winners and losers. The aluminum-making
earnings bellwether kicked things off on a sour note late Tuesday with a wide
miss of expectations, reporting EPS of 15 cents to Wall Street's 22-cent
estimates that sent the stock down as much as 5.5% Wednesday. Alcoa's report,
often also cited as a gauge of numerous economic headwinds, demonstrated a few
things namely, that earnings estimates in general after the past quarter might
be too high, and that while China's economy might be better than thought,
Europe's tanking isn't being overplayed. However, AA stock gained back some
ground by the end of the trading day and made up most of the rest by the end of
the week and Alcoa actually finished up 5.5% (at $10.26) for the week! The
initial drop might have been reactionary, but numerous investors took the
opportunity to get a financially sound industry leader at bargain-basement
prices. Financial Sector Blues JPMorgan Chase (NYSE: JPM ) set a poor cadence
for financial institutions Thursday despite beating expectations. JPM took a 5%
loss on the day and sent its banking brethren to the hurt locker , too. The
negativity came not from the earnings, which were $1.02 compared to an expected
92 cents but from numerous other pieces of unwelcome news, including losses
from several fee sources, lawsuits over bad mortgages and an expected $300
million drop in debit card fees in Q4. Still, JPMorgan remains a highly
profitable company that's a more attractive investment opportunity than some
of its other peers. And although JPM took a post-earnings hit, the losses were
buffered by a buildup heading into Thursday, and JPM also finished the week for
the better, up almost 4% to $31.89. Finally, Good Earnings News However, not all
earnings reports this week were frowny faces and wilted flowers. Google (NASDAQ:
GOOG ) citing massive increases in paid clicks and in its mobile business, as
well as 40 million users for its Google+ social network reported EPS of $9.72
on Thursday, hurdling Wall Street's expectations by almost 10%. Google
finished Friday at $591.68, which put it up 5.85% for the day and almost 15% for
the week. And despite the enormous ramp-up in stock price, GOOG still is
reasonably priced. Not to mention the company's enormous gains came at a
generally lousy time for the markets at large, making the case for Google to be
considered a tech safe-haven . BlackBerries Work For 2 Out of 5 Days Poor
Research In Motion (NASDAQ: RIMM ). Its gaining little traction with its new
BlackBerry smartphones, the PlayBook has flubbed, and this week it endured
another scuff to its tarnished brand when the BlackBerry service endured a
three-day outage affecting 70 million users globally and causing scores to
renounce their devices. While the short-term effects on RIMM stock were minimal
it actually finished the week up 1.5% at $23.97 the long-term damage to the
company could be severe. Research In Motion already has numerous superior
competitors and several self-made problems , both of which have helped RIMM
stock lose more than half its value year to date. Thus, the company was in no
position to suffer a massive blow to consumer loyalty. Three Up Halliburton
(NYSE: HAL ): Up 6.88% ($2.41) to $37.43. Baker Hughes (NYSE: BHI ): Up 6.16%
($3.29) to $56.67. Schlumberger (NYSE: SLB ): Up $5.57 ($3.74) to $70.94. Three
Down Youku.com (NASDAQ: YOKU ): Down 6.63% ($1.44) to $20.28. China Unicom
(NYSE: CHU ): Down 4.16% (83 cents) to $19.12. US Airways (NYSE: LCC ): Down
4.13% (26 cents) to $6.04. As of this writing, Kyle Woodley did not own a
position in any of the aforementioned stocks.
Gold Futures Post 2.8% Weekly Gain, Silver Surges 3.8%
Gold futures climbed Friday on the heels of another broad-based rally in the
commodities complex. COMEX gold futures for December 2011 delivery advanced
$14.50, or 0.9%, to settle at $1,683.00 per ounce.
commodities complex. COMEX gold futures for December 2011 delivery advanced
$14.50, or 0.9%, to settle at $1,683.00 per ounce.
Gold price per ounce spot gold price per gram; Gold Price Today Green; Silver Price per ounce Approaching Close
Gold and silver price per ounce rates moved higher during the majority of the
last trading session today. As the session approached end of day close, gold and
silver contract were trending on the positive side of breakeven. Gold price
trends have been struggling recently due, in part, to the strengthening of the
greenback. The higher dollar value has been placing pressure on precious metal
gold and silver acquisition. Over the course of the past month, gold and silver
price trends are distinctly negative. Gold and silver price trend movement has
spent the whole of the month on the negative side of break-even. According to
one month change data analysis, gold price trends are negative by almost 9
percent. Silver price trends are negative by 21.40 percent according to one
month change data analysis. As the trading session finalized close numbers
today, both gold and silver were bucking recent trends and moving on the
positive side of break-even. Contract gold for December delivery was higher by
14.50 at $1683 per troy ounce. Silver contract for December delivery was higher
by .506 at $32.17 per troy ounce. Spot gold per gram and spot silver per ounce
were also moving in positive territory at this point. Spot gold per gram was
higher by .39 at 54.03 and spot silver per ounce was higher by .51 at 32.18.
Camillo Zucari
last trading session today. As the session approached end of day close, gold and
silver contract were trending on the positive side of breakeven. Gold price
trends have been struggling recently due, in part, to the strengthening of the
greenback. The higher dollar value has been placing pressure on precious metal
gold and silver acquisition. Over the course of the past month, gold and silver
price trends are distinctly negative. Gold and silver price trend movement has
spent the whole of the month on the negative side of break-even. According to
one month change data analysis, gold price trends are negative by almost 9
percent. Silver price trends are negative by 21.40 percent according to one
month change data analysis. As the trading session finalized close numbers
today, both gold and silver were bucking recent trends and moving on the
positive side of break-even. Contract gold for December delivery was higher by
14.50 at $1683 per troy ounce. Silver contract for December delivery was higher
by .506 at $32.17 per troy ounce. Spot gold per gram and spot silver per ounce
were also moving in positive territory at this point. Spot gold per gram was
higher by .39 at 54.03 and spot silver per ounce was higher by .51 at 32.18.
Camillo Zucari
Top 10 Micro Cap Stocks with Highest Momentum: FBNK, NSTC, MAXY, AHCI, AETI, CFSG, AMAC, PMIC, NMK PR B, TAXI (Oct 14, 2011)
Below are the top 10 Micro Cap stocks with highest price momentum. One Chinese
company (CFSG) is on the list. First Connecticut Bancorp Inc (NASDAQ:FBNK) has
the 1st highest price momentum in this segment of the market. It is trading at
100.0% of 52-week high. Its price change was 3.3% for the last 4 weeks. Ness
Technologies, Inc. (NASDAQ:NSTC) has the 2nd highest price momentum in this
segment of the market. It is trading at 100.0% of 52-week high. Its price change
was 0.8% for the last 4 weeks. Maxygen, Inc. (NASDAQ:MAXY) has the 3rd highest
price momentum in this segment of the market. It is trading at 99.8% of 52-week
high. Its price change was 8.1% for the last 4 weeks. Allied Healthcare
International Inc. (NASDAQ:AHCI) has the 4th highest price momentum in this
segment of the market. It is trading at 99.7% of 52-week high. Its price change
was 1.3% for the last 4 weeks. American Electric Technologies, Inc.
(NASDAQ:AETI) has the 5th highest price momentum in this segment of the market.
It is trading at 99.7% of 52-week high. Its price change was 5.0% for the last 4
weeks. China Fire & Security Group, Inc. (NASDAQ:CFSG) has the 6th highest price
momentum in this segment of the market. It is trading at 99.7% of 52-week high.
Its price change was 0.5% for the last 4 weeks. American Medical Alert
(NASDAQ:AMAC) has the 7th highest price momentum in this segment of the market.
It is trading at 99.5% of 52-week high. Its price change was 58.0% for the last
4 weeks. Penn Millers Holding Corporation (NASDAQ:PMIC) has the 8th highest
price momentum in this segment of the market. It is trading at 99.3% of 52-week
high. Its price change was -0.1% for the last 4 weeks. Niagara Mohawk Power
Corporation (NYSE:NMK PR B) has the 9th highest price momentum in this segment
of the market. It is trading at 99.1% of 52-week high. Its price change was 2.9%
for the last 4 weeks. Medallion Financial Corp. (NASDAQ:TAXI) has the 10th
highest price momentum in this segment of the market. It is trading at 99.0% of
52-week high. Its price change was 3.8% for the last 4 weeks.
company (CFSG) is on the list. First Connecticut Bancorp Inc (NASDAQ:FBNK) has
the 1st highest price momentum in this segment of the market. It is trading at
100.0% of 52-week high. Its price change was 3.3% for the last 4 weeks. Ness
Technologies, Inc. (NASDAQ:NSTC) has the 2nd highest price momentum in this
segment of the market. It is trading at 100.0% of 52-week high. Its price change
was 0.8% for the last 4 weeks. Maxygen, Inc. (NASDAQ:MAXY) has the 3rd highest
price momentum in this segment of the market. It is trading at 99.8% of 52-week
high. Its price change was 8.1% for the last 4 weeks. Allied Healthcare
International Inc. (NASDAQ:AHCI) has the 4th highest price momentum in this
segment of the market. It is trading at 99.7% of 52-week high. Its price change
was 1.3% for the last 4 weeks. American Electric Technologies, Inc.
(NASDAQ:AETI) has the 5th highest price momentum in this segment of the market.
It is trading at 99.7% of 52-week high. Its price change was 5.0% for the last 4
weeks. China Fire & Security Group, Inc. (NASDAQ:CFSG) has the 6th highest price
momentum in this segment of the market. It is trading at 99.7% of 52-week high.
Its price change was 0.5% for the last 4 weeks. American Medical Alert
(NASDAQ:AMAC) has the 7th highest price momentum in this segment of the market.
It is trading at 99.5% of 52-week high. Its price change was 58.0% for the last
4 weeks. Penn Millers Holding Corporation (NASDAQ:PMIC) has the 8th highest
price momentum in this segment of the market. It is trading at 99.3% of 52-week
high. Its price change was -0.1% for the last 4 weeks. Niagara Mohawk Power
Corporation (NYSE:NMK PR B) has the 9th highest price momentum in this segment
of the market. It is trading at 99.1% of 52-week high. Its price change was 2.9%
for the last 4 weeks. Medallion Financial Corp. (NASDAQ:TAXI) has the 10th
highest price momentum in this segment of the market. It is trading at 99.0% of
52-week high. Its price change was 3.8% for the last 4 weeks.
U.S Retail Sales Increased in September – October Report
Retails and foods services sales slightly inclined in September compared to
August 2011, and were 7.9% above the sales at September 2010. The U.S.
Department of Commerce issued its monthly report on the change in the U.S.
retail and food sales during September 2011. This report adjusts for seasonal
variances but controls for price changes. During September, the U.S. retail and
food sales reached $395.5 billion, which is higher by 1.1% above the sales in
August. The gasoline stations sales were 20.3% higher in September 2011 than a
year earlier and 1.2% higher than in August 2011. Total sales of gasoline in the
past nine month in 2011 reached $403.045 billion (not adjusted for seasonality)
– an increase of 19.5% from the parallel time in 2010. The financial markets
seem to react to this news as the U.S stock markets along with the major
commodities prices are currently traded up. Current Nymex crude oil price, short
term futures (November 2011 delivery) is traded sharply up by 3.26% to $86.98
per barrel as of 18:29*. Current Dated Brent spot oil price inclines by $3.09/b
to $115.24 / barrel as of 18:29*. Current gold price, short term futures
(November 2011 delivery) is
August 2011, and were 7.9% above the sales at September 2010. The U.S.
Department of Commerce issued its monthly report on the change in the U.S.
retail and food sales during September 2011. This report adjusts for seasonal
variances but controls for price changes. During September, the U.S. retail and
food sales reached $395.5 billion, which is higher by 1.1% above the sales in
August. The gasoline stations sales were 20.3% higher in September 2011 than a
year earlier and 1.2% higher than in August 2011. Total sales of gasoline in the
past nine month in 2011 reached $403.045 billion (not adjusted for seasonality)
– an increase of 19.5% from the parallel time in 2010. The financial markets
seem to react to this news as the U.S stock markets along with the major
commodities prices are currently traded up. Current Nymex crude oil price, short
term futures (November 2011 delivery) is traded sharply up by 3.26% to $86.98
per barrel as of 18:29*. Current Dated Brent spot oil price inclines by $3.09/b
to $115.24 / barrel as of 18:29*. Current gold price, short term futures
(November 2011 delivery) is
Google Inc. (NASDAQ:GOOG) To Launch New Android
Google Inc. (NASDAQ:GOOG) has rescheduled the launch of Ice Cream Sandwich for
October 19. Google Inc. (NASDAQ:GOOG) To Launch New Android Google Inc.
(NASDAQ:GOOG) is set to launch its latest Android operating system Ice Cream
Sandwich, along with Samsung's Nexus Prime, the first smartphone to run Ice
Cream Sandwich, on October 19 in Hong Kong. This is the first Android operating
system to integrate both phone and tablet operating systems. Google Inc.
(NASDAQ:GOOG) originally planned the launch on October 11in San Diego, but it
was postponed after the death of Apple's former CEO Steve Jobs. The event will
be webcasted live on YouTube. Google Inc. (NASDAQ:GOOG) stocks are currently
standing at 558.99. Price History Last Price: 558.99 52 Week Low / High: 473.02
/ 642.96 50 Day Moving Average: 534.43 6 Month Price Change %: -4.8% 12 Month
Price Change %: 1.3%
October 19. Google Inc. (NASDAQ:GOOG) To Launch New Android Google Inc.
(NASDAQ:GOOG) is set to launch its latest Android operating system Ice Cream
Sandwich, along with Samsung's Nexus Prime, the first smartphone to run Ice
Cream Sandwich, on October 19 in Hong Kong. This is the first Android operating
system to integrate both phone and tablet operating systems. Google Inc.
(NASDAQ:GOOG) originally planned the launch on October 11in San Diego, but it
was postponed after the death of Apple's former CEO Steve Jobs. The event will
be webcasted live on YouTube. Google Inc. (NASDAQ:GOOG) stocks are currently
standing at 558.99. Price History Last Price: 558.99 52 Week Low / High: 473.02
/ 642.96 50 Day Moving Average: 534.43 6 Month Price Change %: -4.8% 12 Month
Price Change %: 1.3%
Gold Price Per Ounce; Silver Price Per Ounce; Todays Spot gold price per gram spot silver price; DJIA index DJX
XCSFDHG46767FHJHJF
dow2664 Gold and silver prices moved below break-even again last session. Gold price per ounce was lower by 14.10 at 1668.50 per troy ounce. Silver price per ounce rates had dropped lower as well by 1.122 to close out at 31.67 per troy ounce. Gold and silver price trends are still decisively negative over the course of the last 30 days. The dollar index has been gaining strength during this time and this action has placed negative pressure on gold acquisition behavior. Data this morning indicated stronger trending may be in store for precious metal gold and silver today. Trends for spot gold and spot silver were posting in the green prior to opening bell in the U.S. this morning. The primary stock indicators in Europe and the U.S. were also posting on the positive side of break-even. Safe haven appeal could be minimal during today’s trading session. As the trading session reached the halfway point in the U.S., gold and silver contract prices were posting green. The primary stock indices in the U.S. were also green. The Dow Jones Industrial Average was higher by .67 percent at 11,555.56. December contract gold was higher by .15 percent at 1671 per troy ounce. Silver contract for December delivery was higher by .28 percent at 31.76 per troy ounce according to electronic price tracking. Spot gold price per gram was higher by .14 at 53.78 at this point. Spot silver price per ounce was higher by .15 at 31.82 at mid-day today. Camillo Zucari
Gold, Silver Shares Rally Despite Tepid Gains in Precious Metals
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold and silver shares posted considerable gains Friday in spite of only a modest advance in precious metals.
8 Companies Increasing Dividends
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace It was another week of volatile trade in the market, as news that European leaders were close to a deal on propping up the region's ailing financial system sent stocks higher to kick things off. The market faltered midweek, as mixed earnings from Alcoa (NYSE: AA ) started off the reporting season on a shaky note which sent the market lower. On Friday, stocks jumped out of the gate on better-than-expected retail sales numbers and stellar earnings from tech bellwether Google ( NASDAQ : GOOG ). Amidst the week's action we saw a bevy of big-cap stocks bumping up their payouts to shareholders. Here are eight companies increasing dividends this week. Albemarle Specialty chemical maker Albemarle (NYSE: ALB ) mixes up a variety of high-tech substances, and this week it went into the lab to concoct a slick new dividend. The company raised its payout by a penny per share to 17.5 cents, an approximate 6% increase over the prior dividend. The new dividend is payable Jan. 1 to shareholders of record as of Dec. 15. The new dividend yield, based on the Oct. 13 closing price (the day the company announced the increased payout) of $47.50, is 1.47%. Albemarle also said its board approved an increase of its existing stock buyback program to 5 million shares. The company said it bought back 3 million shares under the program during the third quarter, reducing its total number of outstanding shares to about 88.8 million as of Sept. 30. Calumet Specialty Products Partners, L.P. Specialty hydrocarbon products manufacturer Calumet Specialty Products Partners, L.P. ( NASDAQ : CLMT ) is well-known for making crude oil into fuel products for diesel and jet engines. This week the company put a little fuel in its payout to shareholders, upping its quarterly cash distribution to 50 cents per unit. The distribution will be paid on Nov. 14 to holders of record as of Nov. 4. The new dividend yield, based on the Oct. 11 closing price of $17.71, is a very high-octane 11.29%. Enterprise Products Partners L.P. Natural gas and midstream energy pipeline services firm Enterprise Products Partners L.P. (NYSE: EPD ) turned up the gas on its quarterly distribution by 5% to 61.25 cents per unit. The new distribution will be delivered on Nov. 9 to unitholders of record as of Oct. 31. The new dividend yield, based on the Oct. 13 closing price of $42.55, is 5.76%. The limited partnership has raised its distribution for 29 consecutive quarters. Fastenal Construction supply, hardware and electric products wholesaler and retailer Fastenal ( NASDAQ : FAST ) provided the materials for a newly built dividend, upping its quarterly payout by a penny per share to 14 cents. The new dividend yield, based on the Oct. 12 closing price of $34.62, is 1.62%. In addition to the dividend boost, the company announced its third-quarter profit jumped 29% on a steep increase in sales. Fastenal earned $96.8 million, or 33 cents per share, up from $75 million, or 25 cents per share, in the same quarter last year. Sales rose 20% to $726.7 million from $603.8 million.
5 Reasons to Doubt September’s Resurgence in Retail Sales
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace If you can feed a cold and starve a fever, can you spend away the threat of a double-dip recession? From Wall Street to Main Street, everyone is hoping the answer to that question is “yes.” And there was some good news to encourage those happy thoughts on Friday: A 3.6% jump in auto sales drove September retail spending to its strongest performance in seven months. After virtually flat consumer spending in August, U.S. retail sales got off the schneid in September, rising 1.1% and beating the consensus forecast of 0.7% growth. Retail sales are a critically important measurement because consumer spending accounts for 70% of the gross domestic product — and they are one of the best indicators of the economy's health. The engine behind last month's retail sales increase: the boom in vehicle sales. Automakers sold close to 1.1 million vehicles in September, the largest percentage gain in 18 months. Consumers also spent more on gasoline, auto parts, clothing, home furnishings and at bars and restaurants. Oddly, consumer spending was flat at grocery and liquor stores, as well as at sporting goods retailers and book and music stores. But here are five reasons to take the September retail sales news with a grain of salt : Pent-Up Demand Skewed the Numbers Consumers drove more new cars off the lot in September, but that growth is more about pent-up vehicle demand than it is about rising consumer confidence. The March 11 earthquake, tsunami and nuclear disaster in Japan crippled the tightly choreographed auto supply chain, resulting in production delays for many popular models. While auto parts shortages merely slowed production at Detroit Three automakers Ford (NYSE: F ), General Motors (NYSE: GM ) and Chrysler, Toyota (NYSE: TM ) and Honda (NYSE: HMC ) were hammered. But since TM and HMC returned to full production last month, inventory levels have risen significantly, giving dealers more vehicles to sell . Consumer Sentiment Is Slipping Consumer confidence slipped to 57.5 in October from 59.4 in September, according to a Thomson Reuters/University of Michigan index released Friday. An even greater concern: Consumer expectations about the state of the economy six months from now dropped to 47 — their lowest level since 1980. That last statistic is a key measurement because it projects spending trends that are likely to manifest in lower retail sales in 2012.
Top 10 Ground Transportation Stocks with Highest Dividend Yield: GSH, GMT, PSA, EXR, R, NSC, CSX, CP, UNP, CNI (Oct 14, 2011)
XCSFDHG46767FHJHJF
tdp2664 China Analyst Below are the top 10 Ground Transportation stocks with highest dividend yields for the last 12 months. One Chinese company (GSH) is on the list. Guangshen Railway Co. Ltd (ADR) (NYSE:GSH) has the 1st highest dividend yield in this segment of the market. Its current dividend yield is 4.44%. Its dividend payout ratio was 35.83% for the last 12 months. GATX Corporation (NYSE:GMT) has the 2nd highest dividend yield in this segment of the market. Its current dividend yield is 3.40%. Its dividend payout ratio was 60.88% for the last 12 months. Public Storage (NYSE:PSA) has the 3rd highest dividend yield in this segment of the market. Its current dividend yield is 3.35%. Its dividend payout ratio was 97.67% for the last 12 months. Extra Space Storage, Inc. (NYSE:EXR) has the 4th highest dividend yield in this segment of the market. Its current dividend yield is 2.90%. Its dividend payout ratio was 121.39% for the last 12 months. Ryder System, Inc. (NYSE:R) has the 5th highest dividend yield in this segment of the market. Its current dividend yield is 2.66%. Its dividend payout ratio was 38.27% for the last 12 months. Norfolk Southern Corp. (NYSE:NSC) has the 6th highest dividend yield in this segment of the market. Its current dividend yield is 2.57%. Its dividend payout ratio was 31.30% for the last 12 months. CSX Corporation (NYSE:CSX) has the 7th highest dividend yield in this segment of the market. Its current dividend yield is 2.31%. Its dividend payout ratio was 23.69% for the last 12 months. Canadian Pacific Railway Limited (USA) (NYSE:CP) has the 8th highest dividend yield in this segment of the market. Its current dividend yield is 2.17%. Its dividend payout ratio was 34.49% for the last 12 months. Union Pacific Corporation (NYSE:UNP) has the 9th highest dividend yield in this segment of the market. Its current dividend yield is 2.11%. Its dividend payout ratio was 25.83% for the last 12 months. Canadian National Railway (USA) (NYSE:CNI) has the 10th highest dividend yield in this segment of the market. Its current dividend yield is 1.86%. Its dividend payout ratio was 24.11% for the last 12 months.
Microsoft Corporation (NASDAQ:MSFT) Increases Sustainability Push
Microsoft Corporation (NASDAQ:MSFT) has plans to require annual sustainability
reporting from their vendors. Microsoft Corporation (NASDAQ:MSFT) Increases
Sustainability Push Microsoft Corporation (NASDAQ:MSFT) announced that it will
launch a new effort to expand the information it shares about its vendors
commitment to social and environmental policies, programs and performance in its
annual Citizenship Report. Microsoft Corporation (NASDAQ:MSFT) will require a
cross section of its suppliers to provide reports on their adherence to the
requirements listed in the existing Microsoft Vendor Code of Conduct. Brad
Smith, general counsel and executive vice president of Legal and Corporate
Affairs for Microsoft Corporation (NASDAQ:MSFT), said that, "Microsoft
Corporation (NASDAQ:MSFT) appreciates and values the discussions weve had with
Comptroller Lius office and the opportunity to continue our collaborative work
with shareholders on initiatives that further demonstrate our commitment to
corporate citizenship. This new reporting requirement will help shareholders,
customers and others understand how Microsoft Corporation (NASDAQ:MSFT) and its
suppliers are meeting their expectations for social responsibility". Microsoft
Corp. (NASDAQ:MSFT) shares were at 27.18 at the end of the last days trading.
Theres been a 2.7% change in the stock price over the past 3 months. Microsoft
Corp. (NASDAQ:MSFT) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.77 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.84 Zacks
Rank: 19 out of 90 in the industry
reporting from their vendors. Microsoft Corporation (NASDAQ:MSFT) Increases
Sustainability Push Microsoft Corporation (NASDAQ:MSFT) announced that it will
launch a new effort to expand the information it shares about its vendors
commitment to social and environmental policies, programs and performance in its
annual Citizenship Report. Microsoft Corporation (NASDAQ:MSFT) will require a
cross section of its suppliers to provide reports on their adherence to the
requirements listed in the existing Microsoft Vendor Code of Conduct. Brad
Smith, general counsel and executive vice president of Legal and Corporate
Affairs for Microsoft Corporation (NASDAQ:MSFT), said that, "Microsoft
Corporation (NASDAQ:MSFT) appreciates and values the discussions weve had with
Comptroller Lius office and the opportunity to continue our collaborative work
with shareholders on initiatives that further demonstrate our commitment to
corporate citizenship. This new reporting requirement will help shareholders,
customers and others understand how Microsoft Corporation (NASDAQ:MSFT) and its
suppliers are meeting their expectations for social responsibility". Microsoft
Corp. (NASDAQ:MSFT) shares were at 27.18 at the end of the last days trading.
Theres been a 2.7% change in the stock price over the past 3 months. Microsoft
Corp. (NASDAQ:MSFT) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.77 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.84 Zacks
Rank: 19 out of 90 in the industry
Banking BIG Today On Monday’s $2.25 Local.com (LOCM) Alert Up 31% Today
My subscribers locked in a huge win on LOCM today. Personally I banked over
$2,000 on my Local.com ( NASDAQ: LOCM ) alert, here is how it played out. The
alert went out ot my premium subscribers by text message and email after I
bought 5,000 shares Monday October 10th at $2.25 predicting the short interest
on the stock was extremely high and that good support was in. This morning LOCM
is at the top of the leader board up 20% plus at times and I alerted our sell at
$2.70 for $2,252 in profit. What a great way to start the weekend, thats what I
call swing trading!
$2,000 on my Local.com ( NASDAQ: LOCM ) alert, here is how it played out. The
alert went out ot my premium subscribers by text message and email after I
bought 5,000 shares Monday October 10th at $2.25 predicting the short interest
on the stock was extremely high and that good support was in. This morning LOCM
is at the top of the leader board up 20% plus at times and I alerted our sell at
$2.70 for $2,252 in profit. What a great way to start the weekend, thats what I
call swing trading!
8 Companies Increasing Dividends
It was another week of volatile trade in the market, as news that European
leaders were close to a deal on propping up the region's ailing financial
system sent stocks higher to kick things off. The market faltered midweek, as
mixed earnings from Alcoa (NYSE: AA ) started off the reporting season on a
shaky note which sent the market lower. On Friday, stocks jumped out of the gate
on better-than-expected retail sales numbers and stellar earnings from tech
bellwether Google (NASDAQ: GOOG ). Amidst the week's action we saw a bevy of
big-cap stocks bumping up their payouts to shareholders. Here are eight
companies increasing dividends this week. Albemarle Specialty chemical maker
Albemarle (NYSE: ALB ) mixes up a variety of high-tech substances, and this week
it went into the lab to concoct a slick new dividend. The company raised its
payout by a penny per share to 17.5 cents, an approximate 6% increase over the
prior dividend. The new dividend is payable Jan. 1 to shareholders of record as
of Dec. 15. The new dividend yield, based on the Oct. 13 closing price (the day
the company announced the increased payout) of $47.50, is 1.47%. Albemarle also
said its board approved an increase of its existing stock buyback program to 5
million shares. The company said it bought back 3 million shares under the
program during the third quarter, reducing its total number of outstanding
shares to about 88.8 million as of Sept. 30. Calumet Specialty Products
Partners, L.P. Specialty hydrocarbon products manufacturer Calumet Specialty
Products Partners, L.P. (NASDAQ: CLMT ) is well-known for making crude oil into
fuel products for diesel and jet engines. This week the company put a little
fuel in its payout to shareholders, upping its quarterly cash distribution to 50
cents per unit. The distribution will be paid on Nov. 14 to holders of record as
of Nov. 4. The new dividend yield, based on the Oct. 11 closing price of $17.71,
is a very high-octane 11.29%. Enterprise Products Partners L.P. Natural gas and
midstream energy pipeline services firm Enterprise Products Partners L.P. (NYSE:
EPD ) turned up the gas on its quarterly distribution by 5% to 61.25 cents per
unit. The new distribution will be delivered on Nov. 9 to unitholders of record
as of Oct. 31. The new dividend yield, based on the Oct. 13 closing price of
$42.55, is 5.76%. The limited partnership has raised its distribution for 29
consecutive quarters. Fastenal Construction supply, hardware and electric
products wholesaler and retailer Fastenal (NASDAQ: FAST ) provided the materials
for a newly built dividend, upping its quarterly payout by a penny per share to
14 cents. The new dividend yield, based on the Oct. 12 closing price of $34.62,
is 1.62%. In addition to the dividend boost, the company announced its
third-quarter profit jumped 29% on a steep increase in sales. Fastenal earned
$96.8 million, or 33 cents per share, up from $75 million, or 25 cents per
share, in the same quarter last year. Sales rose 20% to $726.7 million from
$603.8 million.
leaders were close to a deal on propping up the region's ailing financial
system sent stocks higher to kick things off. The market faltered midweek, as
mixed earnings from Alcoa (NYSE: AA ) started off the reporting season on a
shaky note which sent the market lower. On Friday, stocks jumped out of the gate
on better-than-expected retail sales numbers and stellar earnings from tech
bellwether Google (NASDAQ: GOOG ). Amidst the week's action we saw a bevy of
big-cap stocks bumping up their payouts to shareholders. Here are eight
companies increasing dividends this week. Albemarle Specialty chemical maker
Albemarle (NYSE: ALB ) mixes up a variety of high-tech substances, and this week
it went into the lab to concoct a slick new dividend. The company raised its
payout by a penny per share to 17.5 cents, an approximate 6% increase over the
prior dividend. The new dividend is payable Jan. 1 to shareholders of record as
of Dec. 15. The new dividend yield, based on the Oct. 13 closing price (the day
the company announced the increased payout) of $47.50, is 1.47%. Albemarle also
said its board approved an increase of its existing stock buyback program to 5
million shares. The company said it bought back 3 million shares under the
program during the third quarter, reducing its total number of outstanding
shares to about 88.8 million as of Sept. 30. Calumet Specialty Products
Partners, L.P. Specialty hydrocarbon products manufacturer Calumet Specialty
Products Partners, L.P. (NASDAQ: CLMT ) is well-known for making crude oil into
fuel products for diesel and jet engines. This week the company put a little
fuel in its payout to shareholders, upping its quarterly cash distribution to 50
cents per unit. The distribution will be paid on Nov. 14 to holders of record as
of Nov. 4. The new dividend yield, based on the Oct. 11 closing price of $17.71,
is a very high-octane 11.29%. Enterprise Products Partners L.P. Natural gas and
midstream energy pipeline services firm Enterprise Products Partners L.P. (NYSE:
EPD ) turned up the gas on its quarterly distribution by 5% to 61.25 cents per
unit. The new distribution will be delivered on Nov. 9 to unitholders of record
as of Oct. 31. The new dividend yield, based on the Oct. 13 closing price of
$42.55, is 5.76%. The limited partnership has raised its distribution for 29
consecutive quarters. Fastenal Construction supply, hardware and electric
products wholesaler and retailer Fastenal (NASDAQ: FAST ) provided the materials
for a newly built dividend, upping its quarterly payout by a penny per share to
14 cents. The new dividend yield, based on the Oct. 12 closing price of $34.62,
is 1.62%. In addition to the dividend boost, the company announced its
third-quarter profit jumped 29% on a steep increase in sales. Fastenal earned
$96.8 million, or 33 cents per share, up from $75 million, or 25 cents per
share, in the same quarter last year. Sales rose 20% to $726.7 million from
$603.8 million.
Gold, Silver Shares Rally Despite Tepid Gains in Precious Metals
Gold and silver shares posted considerable gains Friday in spite of only a
modest advance in precious metals.
modest advance in precious metals.
Todays DJIA Index DJX DJI Dow Jones, Nasdaq Index, S&P 500 Index Stock Market Investing News Today Mid-Day
Primary stock indices in the U.S. were not weighed down for very long. The Dow
Jones Industrial Average was pulled below break-even during the course of the
last trading session due, in part, to the weaker-than-expected action in the
financial sector as well as the negative trade data posting out of China.
Chinese exports dropped lower for September. This data not only revealed a drop
from the previous month, it was also weaker than many economists had been
forecasting. As has been the case for months now, investors also continue to
feel the negative pressure stemming from the eurozone. Bailout action planning
for Greece continues to slowly move forward, but the negativity of the eurozone
debt crisis remains burdensome for most global market indicators. Prior to
opening bell this morning, stock futures for the DJIA, Nasdaq, and S&P 500 were
all posting in the green. World markets were mixed at that point. European
stocks were stronger, but primary Asian indices had dropped below break-even. As
the trading session in the U.S. reached the mid-day point, the primary index
composites were trending in the green. The Nasdaq was higher by 18.87 points at
2,639. The S&P 500 was higher by 9.78 points at 1,213. The Dow Jones Industrial
Average was higher by 74.10 points at 11,552. Frank Matto
Jones Industrial Average was pulled below break-even during the course of the
last trading session due, in part, to the weaker-than-expected action in the
financial sector as well as the negative trade data posting out of China.
Chinese exports dropped lower for September. This data not only revealed a drop
from the previous month, it was also weaker than many economists had been
forecasting. As has been the case for months now, investors also continue to
feel the negative pressure stemming from the eurozone. Bailout action planning
for Greece continues to slowly move forward, but the negativity of the eurozone
debt crisis remains burdensome for most global market indicators. Prior to
opening bell this morning, stock futures for the DJIA, Nasdaq, and S&P 500 were
all posting in the green. World markets were mixed at that point. European
stocks were stronger, but primary Asian indices had dropped below break-even. As
the trading session in the U.S. reached the mid-day point, the primary index
composites were trending in the green. The Nasdaq was higher by 18.87 points at
2,639. The S&P 500 was higher by 9.78 points at 1,213. The Dow Jones Industrial
Average was higher by 74.10 points at 11,552. Frank Matto
Gold Price Per Ounce; Silver Price Per Ounce; Todays Spot gold price per gram spot silver price; DJIA index DJX
Gold and silver prices moved below break-even again last session. Gold price
per ounce was lower by 14.10 at 1668.50 per troy ounce. Silver price per ounce
rates had dropped lower as well by 1.122 to close out at 31.67 per troy ounce.
Gold and silver price trends are still decisively negative over the course of
the last 30 days. The dollar index has been gaining strength during this time
and this action has placed negative pressure on gold acquisition behavior. Data
this morning indicated stronger trending may be in store for precious metal gold
and silver today. Trends for spot gold and spot silver were posting in the green
prior to opening bell in the U.S. this morning. The primary stock indicators in
Europe and the U.S. were also posting on the positive side of break-even. Safe
haven appeal could be minimal during todays trading session. As the trading
session reached the halfway point in the U.S., gold and silver contract prices
were posting green. The primary stock indices in the U.S. were also green. The
Dow Jones Industrial Average was higher by .67 percent at 11,555.56. December
contract gold was higher by .15 percent at 1671 per troy ounce. Silver contract
for December delivery was higher by .28 percent at 31.76 per troy ounce
according to electronic price tracking. Spot gold price per gram was higher by
.14 at 53.78 at this point. Spot silver price per ounce was higher by .15 at
31.82 at mid-day today. Camillo Zucari
per ounce was lower by 14.10 at 1668.50 per troy ounce. Silver price per ounce
rates had dropped lower as well by 1.122 to close out at 31.67 per troy ounce.
Gold and silver price trends are still decisively negative over the course of
the last 30 days. The dollar index has been gaining strength during this time
and this action has placed negative pressure on gold acquisition behavior. Data
this morning indicated stronger trending may be in store for precious metal gold
and silver today. Trends for spot gold and spot silver were posting in the green
prior to opening bell in the U.S. this morning. The primary stock indicators in
Europe and the U.S. were also posting on the positive side of break-even. Safe
haven appeal could be minimal during todays trading session. As the trading
session reached the halfway point in the U.S., gold and silver contract prices
were posting green. The primary stock indices in the U.S. were also green. The
Dow Jones Industrial Average was higher by .67 percent at 11,555.56. December
contract gold was higher by .15 percent at 1671 per troy ounce. Silver contract
for December delivery was higher by .28 percent at 31.76 per troy ounce
according to electronic price tracking. Spot gold price per gram was higher by
.14 at 53.78 at this point. Spot silver price per ounce was higher by .15 at
31.82 at mid-day today. Camillo Zucari
Mad Money Lightning Round: Cramer Likes Juniper Networks, Apple
XCSFDHG46767FHJHJF
gol2664 Negocioenlinea Mad Money Lightning Round: Cramer Likes Juniper Networks, Apple Benzinga – 1 hour ago By Monica Gerson On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Juniper Networks (NYSE: JNPR) has been "cut in half. I think it's a buy.” For Resource Capital (NYSE: RSO), he …
6 Companies You’ll See Less Thanks to the NBA Lockout
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Source: Wikipedia Craig Sager Nov. 2 is a pivotal day for NBA fans. That day, TVs across the nation will flicker with the fast-paced, high-flying action of … well, Bones and The Closer reruns. Thanks to the inability of billionaires and millionaires to play nicely with one another, the NBA has called a timeout on the first two weeks of the season. The rest of the year could be on the chopping block, too, as owners negotiate with locked-out players over how to split $3.8 billion in annual revenues. That means pro basketball fans across the continent might have to go without watching some of the world's best athletes behind a backdrop of Marv Albert's exclamations, Charles Barkley's "turrible" and Craig Sager's louder-than-life sports jackets . It also means they'll go without a constant bombardment of advertising from some of corporate America's biggest players. Here are six companies — and some of their quirky, funny and downright bad commercials — you're going to see a lot less thanks to the NBA lockout:
Is Now the Time to Bet on Gold ETFs?
"Fire is the test of gold; adversity, of strong men," the Roman philosopher
Seneca once said. With volatile financial markets serving up heaping portions of
adversity, gold remains a time-tested hedge against declining stocks and a weak
dollar. So in the interest of a well-diversified portfolio, it never hurts to
hold some of the shiny yellow metal. The truest test of gold's investment
value is cast in the crucible of global economic mayhem. Gold prices might have
backtracked in September, but they're still up nearly 40% since last year.
Why? A weak dollar and persistent fears that the European sovereign debt crisis
will ignite rampant inflation is giving the metal its second wind. Gold prices
reached almost $1,700 per ounce this week on concerns that U.S. and euro zone
leaders can't or won't make tough spending cuts to reduce government debt
and deficits. If you believe in the "why" part of gold's value
proposition, the next question is how. Investors have a few options here:
physical gold (bullion or coins), bank-issued gold certificates, derivative
instruments like gold futures, gold mining and exploration stocks and
exchange-traded funds. While many goldbugs prefer bullion or coins for the high
liquidity (or because they like the feel of that precious metal in their hands),
some investors balk at the physical storage and security hassles. Bank-issued
gold certificates often are based on unallocated gold if the bank fails, your
interest is a share of its liquidated assets, not a specific bar of gold. Gold
futures contracts can be a windfall for speculators, but their complexity makes
them a nonstarter for most conservative investors particularly those at or near
retirement age. Mining and exploration stocks might be solid investments
depending on their fundamentals, but it's an indirect gold play compared to
other choices. For those reasons, products like ETFs (which like equities are
traded through exchanges) are a good way to play the gold market. As with any
investment, there are pros and cons to buying into an ETF.
Seneca once said. With volatile financial markets serving up heaping portions of
adversity, gold remains a time-tested hedge against declining stocks and a weak
dollar. So in the interest of a well-diversified portfolio, it never hurts to
hold some of the shiny yellow metal. The truest test of gold's investment
value is cast in the crucible of global economic mayhem. Gold prices might have
backtracked in September, but they're still up nearly 40% since last year.
Why? A weak dollar and persistent fears that the European sovereign debt crisis
will ignite rampant inflation is giving the metal its second wind. Gold prices
reached almost $1,700 per ounce this week on concerns that U.S. and euro zone
leaders can't or won't make tough spending cuts to reduce government debt
and deficits. If you believe in the "why" part of gold's value
proposition, the next question is how. Investors have a few options here:
physical gold (bullion or coins), bank-issued gold certificates, derivative
instruments like gold futures, gold mining and exploration stocks and
exchange-traded funds. While many goldbugs prefer bullion or coins for the high
liquidity (or because they like the feel of that precious metal in their hands),
some investors balk at the physical storage and security hassles. Bank-issued
gold certificates often are based on unallocated gold if the bank fails, your
interest is a share of its liquidated assets, not a specific bar of gold. Gold
futures contracts can be a windfall for speculators, but their complexity makes
them a nonstarter for most conservative investors particularly those at or near
retirement age. Mining and exploration stocks might be solid investments
depending on their fundamentals, but it's an indirect gold play compared to
other choices. For those reasons, products like ETFs (which like equities are
traded through exchanges) are a good way to play the gold market. As with any
investment, there are pros and cons to buying into an ETF.
Gold & Silver Prices – Daily Outlook October 14
Gold and silver prices continue to zigzag as they have changed direction
yesterday and slipped along with the rest of the financial markets including the
US stock markets. Currently gold and silver prices changed direction again and
are traded slightly up. Today, U.S. Federal Budget Balance will be published the
U.S. retail sales and the Euro Area Consumer price index. The G20 meeting will
be held this weekend. Here is a market outlook of precious metals prices for
today, October 14th: Gold and Silver Prices – October Update Gold price
slipped on Thursday by 0.84% to $1,668.0; silver price also fell by 3.42% to
$31.67. The chart below shows the development of gold and silver prices in
October (normalized gold and silver prices (September 30th 2011=100)). During
the month, gold price inclined by 2.8%, and silver prices by 5.3%. The ratio
between gold and silver prices increased on Thursday, October 13th to 52.69.
During October, silver price inclined by a slightly larger rate than gold price
as the ratio decreased by 2.3%. On Todays Agenda: Euro Area CPI and Core Monthly
Inflation (September): In the last report regarding August 2011, the annual
inflation rate was 2.5%, but the
yesterday and slipped along with the rest of the financial markets including the
US stock markets. Currently gold and silver prices changed direction again and
are traded slightly up. Today, U.S. Federal Budget Balance will be published the
U.S. retail sales and the Euro Area Consumer price index. The G20 meeting will
be held this weekend. Here is a market outlook of precious metals prices for
today, October 14th: Gold and Silver Prices – October Update Gold price
slipped on Thursday by 0.84% to $1,668.0; silver price also fell by 3.42% to
$31.67. The chart below shows the development of gold and silver prices in
October (normalized gold and silver prices (September 30th 2011=100)). During
the month, gold price inclined by 2.8%, and silver prices by 5.3%. The ratio
between gold and silver prices increased on Thursday, October 13th to 52.69.
During October, silver price inclined by a slightly larger rate than gold price
as the ratio decreased by 2.3%. On Todays Agenda: Euro Area CPI and Core Monthly
Inflation (September): In the last report regarding August 2011, the annual
inflation rate was 2.5%, but the
Central Asia Mining Congress opens new investment opportunities to the world
Having established itself as region's only truly international capital
raising platform, The Central Asia Mining Congress is coming back for its 5th
edition. With the continuous growth of the global demand for base and precious
metals we see more and more global major companies as well as international
investors shifting their focus to non-traditional mining locations.Central Asia
and Caucasus are renowned for its number and variety of mineral deposits;
countries of the region hold some of the worlds largest shares of chromium,
#gold, uranium and many more. Being a region with enormous potential for further
development of the #mining sector, Central Asia and Caucasus become an
attractive destination for foreign investors. However, while the potential is
vast, there are few pitfalls that foreign investors should take into
consideration before entering the market: • Regulations • Infrastructure •
Communication By bringing together representatives from the local mining
community, mining regulators and international mining and investment
communities, Central Asia Mining Congress connects local mines with global
partners and gives an opportunity to get the latest update on the upcoming
projects, recent changes in the mining policies and tremendous networking
opportunities. Now moving into its 5th year, Central Asia Mining Congress is
committed to bring even more local miners as well as international investors.
Mark your calendar now and stay tuned for further updates. Limited press passes
are available. Press registration for the conference is compulsory and advance
scheduling for speaker interviews is recommended.For press registration or
further information, please, contact Tetiana Pasko at
tetiana.pasko@terrapinn.com or call +6563222795.
raising platform, The Central Asia Mining Congress is coming back for its 5th
edition. With the continuous growth of the global demand for base and precious
metals we see more and more global major companies as well as international
investors shifting their focus to non-traditional mining locations.Central Asia
and Caucasus are renowned for its number and variety of mineral deposits;
countries of the region hold some of the worlds largest shares of chromium,
#gold, uranium and many more. Being a region with enormous potential for further
development of the #mining sector, Central Asia and Caucasus become an
attractive destination for foreign investors. However, while the potential is
vast, there are few pitfalls that foreign investors should take into
consideration before entering the market: • Regulations • Infrastructure •
Communication By bringing together representatives from the local mining
community, mining regulators and international mining and investment
communities, Central Asia Mining Congress connects local mines with global
partners and gives an opportunity to get the latest update on the upcoming
projects, recent changes in the mining policies and tremendous networking
opportunities. Now moving into its 5th year, Central Asia Mining Congress is
committed to bring even more local miners as well as international investors.
Mark your calendar now and stay tuned for further updates. Limited press passes
are available. Press registration for the conference is compulsory and advance
scheduling for speaker interviews is recommended.For press registration or
further information, please, contact Tetiana Pasko at
tetiana.pasko@terrapinn.com or call +6563222795.
A Short-Term Options Play for a RIMM Resurrection
To say 2011 has been a bad year for Research In Motion (NASDAQ: RIMM ) is an
understatement, to say the least. And this week's global service outage, which
is taking place at the same time as a successful iPhone 4G launch, is another
black eye for the BlackBerry maker. The momentum tech name of days past has been
a thorn in the side for many investors lacking the foresight to bail before the
inexorable slide commenced at the beginning of the year.
understatement, to say the least. And this week's global service outage, which
is taking place at the same time as a successful iPhone 4G launch, is another
black eye for the BlackBerry maker. The momentum tech name of days past has been
a thorn in the side for many investors lacking the foresight to bail before the
inexorable slide commenced at the beginning of the year.
Commodities Changed Direction and Fell –Daily Recap October 13
Gold and silver prices changed direction and much like other commodities prices,
they have closed yesterdays trading day falling. Crude oil prices also slightly
declined; natural gas spot prices sharply fell, while the future price (short
term) slightly increased. Here is a summary of the price movements of precious
metals and energy commodities for October 13th: Precious Metals prices: Gold
price shed 0.84% of its value to reach $1,668; Silver price, also declined by
3.42% to reach $31.67. During October, gold price inclined by 2.8% and silver
price increased by 5.3%.
they have closed yesterdays trading day falling. Crude oil prices also slightly
declined; natural gas spot prices sharply fell, while the future price (short
term) slightly increased. Here is a summary of the price movements of precious
metals and energy commodities for October 13th: Precious Metals prices: Gold
price shed 0.84% of its value to reach $1,668; Silver price, also declined by
3.42% to reach $31.67. During October, gold price inclined by 2.8% and silver
price increased by 5.3%.
Todays Gold Price Per Ounce Spot gold price per gram; Silver prices; Gold Investing News
Precious metal gold and silver prices finished the day lower overall during the
last trading session. The dollar gained strength versus the euro which made
precious metal gold acquisition weak. Both contract gold and contract silver
price trends moved below break-even on the day. December delivery gold contract
finished the last trading session lower by .84 percent or negative 14.10 to
close at 1668.50 per troy ounce. December delivery silver finished the last
trading session lower by 3.42 percent or negative 1.122 to close at 31.67 per
troy ounce. Gold and silver price trends continue to move on the negative side
of break-even over the course of the past month. One month change analysis for
gold prices reveals that gold is negative by 8.17 percent over this course of
time. Silver is negative by three times that amount. One month change analysis
for silver is negative at this point by 20.82 percent. During the interval after
last session close but prior to todays session open, spot gold and spot silver
price trends remained in negative territory. Spot gold price per gram was red by
.57 at 53.52. Spot silver price per ounce posted red as well by 1.33 at 31.46.
Camillo Zucari
last trading session. The dollar gained strength versus the euro which made
precious metal gold acquisition weak. Both contract gold and contract silver
price trends moved below break-even on the day. December delivery gold contract
finished the last trading session lower by .84 percent or negative 14.10 to
close at 1668.50 per troy ounce. December delivery silver finished the last
trading session lower by 3.42 percent or negative 1.122 to close at 31.67 per
troy ounce. Gold and silver price trends continue to move on the negative side
of break-even over the course of the past month. One month change analysis for
gold prices reveals that gold is negative by 8.17 percent over this course of
time. Silver is negative by three times that amount. One month change analysis
for silver is negative at this point by 20.82 percent. During the interval after
last session close but prior to todays session open, spot gold and spot silver
price trends remained in negative territory. Spot gold price per gram was red by
.57 at 53.52. Spot silver price per ounce posted red as well by 1.33 at 31.46.
Camillo Zucari
Todays DJIA Dow Jones Industrial Average Index DJX DJI, Nasdaq Index, S&P 500 Stock Market Investing News
The primary stock indices struggled during the majority of the last trading
session. Investors continued to feel the pressure of a global economic slowdown.
Global economic fears were stocked when data posted last session which revealed
diminished export growth for China in September. Export growth dropped from 24.5
percent in August to 17.1 percent in September. This data is negatively skewed
and will affect other countries and economies which count on China. This news
pressured indices globally. Stocks in Europe fell weaker and the primary indices
in the U.S. experienced negative movement as well. Slightly more positive news
posted domestically. The U.S. government revealed that first time unemployment
claims fell. According to the Labor Department data, first time claims for
unemployment benefits dropped by 1,000 to 404,000 last week. Although the claims
did post a very moderate dip, the drop was not significant and did little to
boost the morale of those plagued by economic slowdown concerns. Overall, the
national unemployment rate still remains at percent. Trade deficit data also
posted today via the labor Department and this data remained unchanged. The
trade deficit posted at $45.6 billion for August. The primary index composites
in the U.S. ended the session mixed. The S&P 500 finished negative by .30
percent at 1,203.66. The Nasdaq closed out the session higher by .60 percent at
2,620.24. The Dow Jones finished the day lower by .35 percent to close at
11,478.13. The dollar gained strength versus the euro and British pound. Oil
dropped lower as did precious metal gold prices. Frank Matto
session. Investors continued to feel the pressure of a global economic slowdown.
Global economic fears were stocked when data posted last session which revealed
diminished export growth for China in September. Export growth dropped from 24.5
percent in August to 17.1 percent in September. This data is negatively skewed
and will affect other countries and economies which count on China. This news
pressured indices globally. Stocks in Europe fell weaker and the primary indices
in the U.S. experienced negative movement as well. Slightly more positive news
posted domestically. The U.S. government revealed that first time unemployment
claims fell. According to the Labor Department data, first time claims for
unemployment benefits dropped by 1,000 to 404,000 last week. Although the claims
did post a very moderate dip, the drop was not significant and did little to
boost the morale of those plagued by economic slowdown concerns. Overall, the
national unemployment rate still remains at percent. Trade deficit data also
posted today via the labor Department and this data remained unchanged. The
trade deficit posted at $45.6 billion for August. The primary index composites
in the U.S. ended the session mixed. The S&P 500 finished negative by .30
percent at 1,203.66. The Nasdaq closed out the session higher by .60 percent at
2,620.24. The Dow Jones finished the day lower by .35 percent to close at
11,478.13. The dollar gained strength versus the euro and British pound. Oil
dropped lower as did precious metal gold prices. Frank Matto
Top 10 U.S.-Listed Chinese Stocks with Most Analyst Upgrades: MPEL, TSL, SINA, PWRD, YGE, EDU, STP, YOKU, RENN, PTR (Oct 13, 2011)
Below are the top 10 U.S.-listed Chinese stocks with most analyst upgrades in
the past four weeks. Sentiment on these stocks is turning more positive. Melco
Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) has the 1st most analyst upgrades in
the past four weeks. It was upgraded by 2 brokerage analyst(s) in this period.
The stock is rated positively by 13 of the 16 analysts covering it. Trina Solar
Limited (ADR) (NYSE:TSL) has the 2nd most analyst upgrades in the past four
weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is
rated positively by 23 of the 34 analysts covering it. SINA Corporation (USA)
(NASDAQ:SINA) has the 3rd most analyst upgrades in the past four weeks. It was
upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively
by 13 of the 27 analysts covering it. Perfect World Co., Ltd. (ADR)
(NASDAQ:PWRD) has the 4th most analyst upgrades in the past four weeks. It was
upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively
by 12 of the 17 analysts covering it. Yingli Green Energy Hold. Co. Ltd. (ADR)
(NYSE:YGE) has the 5th most analyst upgrades in the past four weeks. It was
upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively
by 10 of the 28 analysts covering it. New Oriental Education & Tech Grp (ADR)
(NYSE:EDU) has the 6th most analyst upgrades in the past four weeks. It was
upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively
by 8 of the 15 analysts covering it. Suntech Power Holdings Co., Ltd. (ADR)
(NYSE:STP) has the 7th most analyst upgrades in the past four weeks. It was
upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively
by 6 of the 39 analysts covering it. Youku.com Inc (ADR) (NYSE:YOKU) has the 8th
most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage
analyst(s) in this period. The stock is rated positively by 5 of the 9 analysts
covering it. Renren Inc (NYSE:RENN) has the 9th most analyst upgrades in the
past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The
stock is rated positively by 3 of the 11 analysts covering it. PetroChina
Company Limited (ADR) (NYSE:PTR) has the 10th most analyst upgrades in the past
four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock
is rated positively by 2 of the 4 analysts covering it.
the past four weeks. Sentiment on these stocks is turning more positive. Melco
Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) has the 1st most analyst upgrades in
the past four weeks. It was upgraded by 2 brokerage analyst(s) in this period.
The stock is rated positively by 13 of the 16 analysts covering it. Trina Solar
Limited (ADR) (NYSE:TSL) has the 2nd most analyst upgrades in the past four
weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is
rated positively by 23 of the 34 analysts covering it. SINA Corporation (USA)
(NASDAQ:SINA) has the 3rd most analyst upgrades in the past four weeks. It was
upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively
by 13 of the 27 analysts covering it. Perfect World Co., Ltd. (ADR)
(NASDAQ:PWRD) has the 4th most analyst upgrades in the past four weeks. It was
upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively
by 12 of the 17 analysts covering it. Yingli Green Energy Hold. Co. Ltd. (ADR)
(NYSE:YGE) has the 5th most analyst upgrades in the past four weeks. It was
upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively
by 10 of the 28 analysts covering it. New Oriental Education & Tech Grp (ADR)
(NYSE:EDU) has the 6th most analyst upgrades in the past four weeks. It was
upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively
by 8 of the 15 analysts covering it. Suntech Power Holdings Co., Ltd. (ADR)
(NYSE:STP) has the 7th most analyst upgrades in the past four weeks. It was
upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively
by 6 of the 39 analysts covering it. Youku.com Inc (ADR) (NYSE:YOKU) has the 8th
most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage
analyst(s) in this period. The stock is rated positively by 5 of the 9 analysts
covering it. Renren Inc (NYSE:RENN) has the 9th most analyst upgrades in the
past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The
stock is rated positively by 3 of the 11 analysts covering it. PetroChina
Company Limited (ADR) (NYSE:PTR) has the 10th most analyst upgrades in the past
four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock
is rated positively by 2 of the 4 analysts covering it.
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