Below are the top 10 best-rated U.S.-listed Chinese stocks, based on the
percentage of positive ratings by brokerage analysts. WuXi PharmaTech (Cayman)
Inc. (ADR) (NYSE:WX) is the first best-rated stock in this segment of the
market. It is rated positively by 100% of the 14 brokerage analysts covering it.
AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP) is the second best-rated stock in this
segment of the market. It is rated positively by 100% of the 7 brokerage
analysts covering it. China Kanghui Holdings (ADR) (NYSE:KH) is the third
best-rated stock in this segment of the market. It is rated positively by 100%
of the 6 brokerage analysts covering it. TAL Education Group (ADR) (NYSE:XRS) is
the fourth best-rated stock in this segment of the market. It is rated
positively by 100% of the 6 brokerage analysts covering it. ChinaCache
Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) is the fifth best-rated stock in this
segment of the market. It is rated positively by 100% of the 5 brokerage
analysts covering it. Phoenix New Media Ltd ADR (NYSE:FENG) is the sixth
best-rated stock in this segment of the market. It is rated positively by 100%
of the 5 brokerage analysts covering it. Spreadtrum Communications, Inc (ADR)
(NASDAQ:SPRD) is the seventh best-rated stock in this segment of the market. It
is rated positively by 93% of the 14 brokerage analysts covering it. HiSoft
Technology Internatnl Ltd (ADR) (NASDAQ:HSFT) is the eighth best-rated stock in
this segment of the market. It is rated positively by 88% of the 8 brokerage
analysts covering it. Qihoo 360 Technology Co Ltd (NYSE:QIHU) is the ninth
best-rated stock in this segment of the market. It is rated positively by 88% of
the 8 brokerage analysts covering it. Changyou.com Limited(ADR) (NASDAQ:CYOU) is
the 10th best-rated stock in this segment of the market. It is rated positively
by 86% of the 21 brokerage analysts covering it.
Monday, December 19, 2011
Todays Dow Jones Industrial Average DJIA, Nasdaq, S&P 500 Stock Market Investing Money News Today
Prior to the opening bell in the U.S., stocks were stronger. The stage was set
for a higher open as the disposition in the eurozone, which has closely held
investors attention, took a more positive tone. European markets showed solid
gains early into the trading session, while Asian markets showed declines with
word of the death of North Koreas Kim Jong II. Investors will continue to
closely monitor any signs of instability out of Asia as new developments are
reported. At the mid-day mark today, the primary market indices were posting in
the red. The DJIA was red by. 44 percent at 11813.90. The Nasdaq was red by. 42
percent at 2544.69 and the S&P 500 was red by. 64 percent at 1211.81. The
sluggish economic calendar and low flow of news left investors with few cues or
direction for trade today. Share volumes are predicted to be low in the coming
week, as many participants begin holiday vacations. At close in the U.S., the
major market indexes continued in the red. The Nasdaq was down 32.19 points or
1.26% to 2523.14. The Dow declined 100.13 points or 0.84% to 11766.26. The S&P
500 lost 14.31 points or 1.17% to 1205.35. Author: Pamela Frost
for a higher open as the disposition in the eurozone, which has closely held
investors attention, took a more positive tone. European markets showed solid
gains early into the trading session, while Asian markets showed declines with
word of the death of North Koreas Kim Jong II. Investors will continue to
closely monitor any signs of instability out of Asia as new developments are
reported. At the mid-day mark today, the primary market indices were posting in
the red. The DJIA was red by. 44 percent at 11813.90. The Nasdaq was red by. 42
percent at 2544.69 and the S&P 500 was red by. 64 percent at 1211.81. The
sluggish economic calendar and low flow of news left investors with few cues or
direction for trade today. Share volumes are predicted to be low in the coming
week, as many participants begin holiday vacations. At close in the U.S., the
major market indexes continued in the red. The Nasdaq was down 32.19 points or
1.26% to 2523.14. The Dow declined 100.13 points or 0.84% to 11766.26. The S&P
500 lost 14.31 points or 1.17% to 1205.35. Author: Pamela Frost
Todays Gold price per ounce Spot gold price per gram; Silver price per ounce Spot silver per ounce Current News Today
The primary indices finished the first trading session of this week sharply
lower and gold and silver contract price trend-lines dropped lower. A stock
sell-off ensued last session bolstered by fears that large U.S. banks, like Bank
of America, were at risk due to their ties and associations with the debt crisis
in the eurozone. The euro remained volatile last session and was pressured by
the ramifications of the debt crisis in general. As a result, the dollar grew
stronger versus the euro, the British pound and the Japanese yen, and this
action stymied precious metal gold and silver acquisitions. Both contracts
finished the last trading session in the red. Gold contract for February
delivery finished the last trading session lower by .08 percent at 1596.70 per
troy ounce. Silver contract finished the last trading session red by 2.69
percent at 28.87 per troy ounce. After last session close and prior to todays
session open, spot gold price per gram and spot silver price per ounce
trend-lines moved in divergent directions. Spot gold price per gram was posting
green by .06 at 51.36. Spot silver price per ounce was lower by .79 at 28.82 at
this point. Camillo Zucari
lower and gold and silver contract price trend-lines dropped lower. A stock
sell-off ensued last session bolstered by fears that large U.S. banks, like Bank
of America, were at risk due to their ties and associations with the debt crisis
in the eurozone. The euro remained volatile last session and was pressured by
the ramifications of the debt crisis in general. As a result, the dollar grew
stronger versus the euro, the British pound and the Japanese yen, and this
action stymied precious metal gold and silver acquisitions. Both contracts
finished the last trading session in the red. Gold contract for February
delivery finished the last trading session lower by .08 percent at 1596.70 per
troy ounce. Silver contract finished the last trading session red by 2.69
percent at 28.87 per troy ounce. After last session close and prior to todays
session open, spot gold price per gram and spot silver price per ounce
trend-lines moved in divergent directions. Spot gold price per gram was posting
green by .06 at 51.36. Spot silver price per ounce was lower by .79 at 28.82 at
this point. Camillo Zucari
Caterpillar Stock Set for Many Legs Up in ’12
After nearly quintupling from the bear-market bottom of 2009, shares in
Caterpillar (NYSE: CAT ) have had a lousy run in 2011. Thats great news for
investors looking to build a position in this high-quality stock on the cheap.
Caterpillar is the worlds largest maker of construction and mining equipment,
and its trading at bargain-basement levels with fears of a global economic
slowdown more than baked into its share price. CAT stock, a component of the Dow
Jones Industrial Average, has lost 7% as of this writing in 2011, lagging the
broader markets tiny gains year-to-date. Even worse, the stock logged its loss
in the most gut-wrenching fashion. It was up more than 20% by early May and
then down nearly 25% at the start of October. Indeed, with a beta of more than
2.0, Caterpillar has been twice as volatile as the S&P 500. (Shares sport a
nauseating 52-week range of $67.54 to $116.55.) Chalk it up to macroeconomic
uncertainty, as well as institutional investors being forced to sell some of
their winners. Caterpillar is finely attuned to the global economy, and anxiety
over recession in Europe and a possible slowdown in China has beaten a good
stock down. And yet a funny thing happened on the way to the recession: it never
showed up in Caterpillars quarterly results or monthly dealer statistics. Dealer
retail sales grew 31% in October from a flat September, despite macro worries,
notes Jefferies analyst Stephen Volkmann, who has a buy rating on the stock. Not
only did the North American machinery business reaccelerate, but demand from
Asia picked up, too, noted Raymond James analyst Theoni Pilarinos, who rates
shares at outperform. Thats especially comforting given that China is just now
gearing up for the seasonally strong months following Chinese New Year, the
analyst wrote. The punishing sell-off in Caterpillars stock from its 52-week
high has made the valuation too compelling for value investors to forego. With a
forward price/earnings ratio of 10, Caterpillar trades at a 40% discount to its
own five-year average, according to data from Thomson Reuters. Its also 28%
cheaper than the S&P 500. Furthermore, on a trailing earnings basis,
Caterpillars P/E of 14 offers a 23% discount to its own five-year average and a
22% discount to the broader market. Meanwhile, Caterpillars
price/earnings-to-growth ratio (PEG) which measures how fast a stock is rising
relative to its growth prospects stands at just 0.6. Not only is that 58% below
Caterpillars own five-year average, it also represents a 75% discount to the S&P
500, according to Thomson Reuters data. With a return on equity of 35%, the
numbers dont lie: Caterpillar has all the makings of a cheap, high-quality
stock. The company has exceeded Wall Streets bottom-line forecasts in six of the
last eight quarters, and has topped revenue estimates six quarters in a row.
That helps bolster the case that analysts average price target is on the money.
Wall Streets mean (and median) price target for Caterpillar currently stands at
$114.50, according to Thomson Reuters data. Add in the 2% yield on the dividend,
and the stock offers an implied return of 28% in the next 12 months or so. Not
too shabby for a company with a market cap of more than $58 billion. If youre
screening for beaten-down blue chips with the ability to generate superior
returns in 2012,
Caterpillar (NYSE: CAT ) have had a lousy run in 2011. Thats great news for
investors looking to build a position in this high-quality stock on the cheap.
Caterpillar is the worlds largest maker of construction and mining equipment,
and its trading at bargain-basement levels with fears of a global economic
slowdown more than baked into its share price. CAT stock, a component of the Dow
Jones Industrial Average, has lost 7% as of this writing in 2011, lagging the
broader markets tiny gains year-to-date. Even worse, the stock logged its loss
in the most gut-wrenching fashion. It was up more than 20% by early May and
then down nearly 25% at the start of October. Indeed, with a beta of more than
2.0, Caterpillar has been twice as volatile as the S&P 500. (Shares sport a
nauseating 52-week range of $67.54 to $116.55.) Chalk it up to macroeconomic
uncertainty, as well as institutional investors being forced to sell some of
their winners. Caterpillar is finely attuned to the global economy, and anxiety
over recession in Europe and a possible slowdown in China has beaten a good
stock down. And yet a funny thing happened on the way to the recession: it never
showed up in Caterpillars quarterly results or monthly dealer statistics. Dealer
retail sales grew 31% in October from a flat September, despite macro worries,
notes Jefferies analyst Stephen Volkmann, who has a buy rating on the stock. Not
only did the North American machinery business reaccelerate, but demand from
Asia picked up, too, noted Raymond James analyst Theoni Pilarinos, who rates
shares at outperform. Thats especially comforting given that China is just now
gearing up for the seasonally strong months following Chinese New Year, the
analyst wrote. The punishing sell-off in Caterpillars stock from its 52-week
high has made the valuation too compelling for value investors to forego. With a
forward price/earnings ratio of 10, Caterpillar trades at a 40% discount to its
own five-year average, according to data from Thomson Reuters. Its also 28%
cheaper than the S&P 500. Furthermore, on a trailing earnings basis,
Caterpillars P/E of 14 offers a 23% discount to its own five-year average and a
22% discount to the broader market. Meanwhile, Caterpillars
price/earnings-to-growth ratio (PEG) which measures how fast a stock is rising
relative to its growth prospects stands at just 0.6. Not only is that 58% below
Caterpillars own five-year average, it also represents a 75% discount to the S&P
500, according to Thomson Reuters data. With a return on equity of 35%, the
numbers dont lie: Caterpillar has all the makings of a cheap, high-quality
stock. The company has exceeded Wall Streets bottom-line forecasts in six of the
last eight quarters, and has topped revenue estimates six quarters in a row.
That helps bolster the case that analysts average price target is on the money.
Wall Streets mean (and median) price target for Caterpillar currently stands at
$114.50, according to Thomson Reuters data. Add in the 2% yield on the dividend,
and the stock offers an implied return of 28% in the next 12 months or so. Not
too shabby for a company with a market cap of more than $58 billion. If youre
screening for beaten-down blue chips with the ability to generate superior
returns in 2012,
Top-Performing U.S.-Listed Chinese Stocks (Dec 19, 2011)
Below are the latest top-performing U.S.-listed Chinese stocks. LDK Solar Co.,
Ltd (ADR) (NYSE:LDK) is the best-performing U.S.-listed Chinese stock on Dec.
19. It was up 11.2% on the day. LDKs upside potential is -9.5% based on
brokerage analysts average target price of $4.48. It is trading at 33.1% of its
52-week high of $14.97, and 94.1% above its 52-week low of $2.55. Simcere
Pharmaceutical Group (ADR) (NYSE:SCR) is the second best-performing U.S.-listed
Chinese stock on Dec. 19. It was up 2.8% on the day. SCRs upside potential is
34.9% based on brokerage analysts average target price of $9.98. It is trading
at 53.8% of its 52-week high of $13.75, and 3.9% above its 52-week low of $7.12.
E-House (China) Holdings Limited (ADR) (NYSE:EJ) is the third best-performing
U.S.-listed Chinese stock on Dec. 19. It was up 2.4% on the day. EJs upside
potential is 135.5% based on brokerage analysts average target price of $10.97.
It is trading at 28.7% of its 52-week high of $16.25, and 10.7% above its
52-week low of $4.21. Ambow Education Holding Ltd (ADR) (NYSE:AMBO) is the
fourth best-performing U.S.-listed Chinese stock on Dec. 19. It was up 1.5% on
the day. AMBOs upside potential is 17.6% based on brokerage analysts average
target price of $8.00. It is trading at 47.2% of its 52-week high of $14.40, and
49.1% above its 52-week low of $4.56. Changyou.com Limited(ADR) (NASDAQ:CYOU) is
the fifth best-performing U.S.-listed Chinese stock on Dec. 19. It was up 1.1%
on the day. CYOUs upside potential is 86.6% based on brokerage analysts average
target price of $42.88. It is trading at 44.2% of its 52-week high of $52.00,
and 11.0% above its 52-week low of $20.71. ReneSola Ltd. (ADR) (NYSE:SOL) is the
sixth best-performing U.S.-listed Chinese stock on Dec. 19. It was up 0.7% on
the day. SOLs upside potential is 93.3% based on brokerage analysts average
target price of $2.86. It is trading at 11.2% of its 52-week high of $13.25, and
2.1% above its 52-week low of $1.45. ZHONGPIN INC. (NASDAQ:HOGS) is the seventh
best-performing U.S.-listed Chinese stock on Dec. 19. It was up 0.0% on the day.
HOGSs upside potential is 86.6% based on brokerage analysts average target price
of $15.92. It is trading at 40.5% of its 52-week high of $21.07, and 29.2% above
its 52-week low of $6.60. Mindray Medical International Ltd (ADR) (NYSE:MR) is
the eighth best-performing U.S.-listed Chinese stock on Dec. 19. It was down
0.1% on the day. MRs upside potential is 25.0% based on brokerage analysts
average target price of $31.13. It is trading at 79.8% of its 52-week high of
$31.21, and 17.2% above its 52-week low of $21.25. TAL Education Group (ADR)
(NYSE:XRS) is the ninth best-performing U.S.-listed Chinese stock on Dec. 19. It
was down 0.3% on the day. XRSs upside potential is 55.1% based on brokerage
analysts average target price of $15.43. It is trading at 61.2% of its 52-week
high of $16.25, and 18.3% above its 52-week low of $8.41. Shanda Interactive
Entertainment Ltd ADR (NASDAQ:SNDA) is the 10th best-performing U.S.-listed
Chinese stock on Dec. 19. It was down 0.3% on the day. SNDAs upside potential is
-0.5% based on brokerage analysts average target price of $39.66. It is trading
at 73.5% of its 52-week high of $54.20, and 40.1% above its 52-week low of
$28.44. 51job, Inc. (ADR) (NASDAQ:JOBS) is the 11th best-performing U.S.-listed
Chinese stock on Dec. 19. It was down 0.4% on the day. JOBSs upside potential is
50.9% based on brokerage analysts average target price of $64.50. It is trading
at 61.2% of its 52-week high of $69.80, and 16.7% above its 52-week low of
$36.62. CNinsure Inc. (ADR) (NASDAQ:CISG) is the 12th best-performing
U.S.-listed Chinese stock on Dec. 19. It was down 0.4% on the day. CISGs upside
potential is 195.5% based on brokerage analysts average target price of $20.36.
It is trading at 33.0% of its 52-week high of $20.88, and 30.5% above its
52-week low of $5.28. China Petroleum & Chemical Corp. (ADR) (NYSE:SNP) is the
13th best-performing U.S.-listed Chinese stock on Dec. 19. It was down 0.8% on
the day. SNPs upside potential is 20.9% based on brokerage analysts average
target price of $122.20. It is trading at 90.3% of its 52-week high of $111.92,
and 22.6% above its 52-week low of $82.50. AsiaInfo-Linkage, Inc. (NASDAQ:ASIA)
is the 14th best-performing U.S.-listed Chinese stock on Dec. 19. It was down
0.9% on the day. ASIAs upside potential is 153.8% based on brokerage analysts
average target price of $17.44. It is trading at 30.0% of its 52-week high of
$22.91, and 10.6% above its 52-week low of $6.21. Hollysys Automation
Technologies Ltd (NASDAQ:HOLI) is the 15th best-performing U.S.-listed Chinese
stock on Dec. 19. It was down 1.2% on the day. HOLIs upside potential is 71.2%
based on brokerage analysts average target price of $13.13. It is trading at
42.3% of its 52-week high of $18.15, and 68.9% above its 52-week low of $4.54.
Giant Interactive Group Inc (ADR) (NYSE:GA) is the 16th best-performing
U.S.-listed Chinese stock on Dec. 19. It was down 1.2% on the day. GAs upside
potential is 74.0% based on brokerage analysts average target price of $6.98. It
is trading at 42.4% of its 52-week high of $9.45, and 32.8% above its 52-week
low of $3.02. New Oriental Education & Tech Grp (ADR) (NYSE:EDU) is the 17th
best-performing U.S.-listed Chinese stock on Dec. 19. It was down 1.3% on the
day. EDUs upside potential is 64.5% based on brokerage analysts average target
price of $35.30. It is trading at 61.7% of its 52-week high of $34.77, and 4.1%
above its 52-week low of $20.61. China Real Estate Information Corp
(NASDAQ:CRIC) is the 18th best-performing U.S.-listed Chinese stock on Dec. 19.
It was down 1.4% on the day. CRICs upside potential is 94.4% based on brokerage
analysts average target price of $8.05. It is trading at 41.9% of its 52-week
high of $9.89, and 12.5% above its 52-week low of $3.68. Focus Media Holding
Limited (ADR) (NASDAQ:FMCN) is the 19th best-performing U.S.-listed Chinese
stock on Dec. 19. It was down 1.4% on the day. FMCNs upside potential is 110.4%
based on brokerage analysts average target price of $40.23. It is trading at
50.9% of its 52-week high of $37.58, and 117.5% above its 52-week low of $8.79.
China Mobile Ltd. (ADR) (NYSE:CHL) is the 20th best-performing U.S.-listed
Chinese stock on Dec. 19. It was down 1.6% on the day. CHLs upside potential is
7.8% based on brokerage analysts average target price of $49.97. It is trading
at 89.2% of its 52-week high of $51.98, and 6.6% above its 52-week low of
$43.51.
Ltd (ADR) (NYSE:LDK) is the best-performing U.S.-listed Chinese stock on Dec.
19. It was up 11.2% on the day. LDKs upside potential is -9.5% based on
brokerage analysts average target price of $4.48. It is trading at 33.1% of its
52-week high of $14.97, and 94.1% above its 52-week low of $2.55. Simcere
Pharmaceutical Group (ADR) (NYSE:SCR) is the second best-performing U.S.-listed
Chinese stock on Dec. 19. It was up 2.8% on the day. SCRs upside potential is
34.9% based on brokerage analysts average target price of $9.98. It is trading
at 53.8% of its 52-week high of $13.75, and 3.9% above its 52-week low of $7.12.
E-House (China) Holdings Limited (ADR) (NYSE:EJ) is the third best-performing
U.S.-listed Chinese stock on Dec. 19. It was up 2.4% on the day. EJs upside
potential is 135.5% based on brokerage analysts average target price of $10.97.
It is trading at 28.7% of its 52-week high of $16.25, and 10.7% above its
52-week low of $4.21. Ambow Education Holding Ltd (ADR) (NYSE:AMBO) is the
fourth best-performing U.S.-listed Chinese stock on Dec. 19. It was up 1.5% on
the day. AMBOs upside potential is 17.6% based on brokerage analysts average
target price of $8.00. It is trading at 47.2% of its 52-week high of $14.40, and
49.1% above its 52-week low of $4.56. Changyou.com Limited(ADR) (NASDAQ:CYOU) is
the fifth best-performing U.S.-listed Chinese stock on Dec. 19. It was up 1.1%
on the day. CYOUs upside potential is 86.6% based on brokerage analysts average
target price of $42.88. It is trading at 44.2% of its 52-week high of $52.00,
and 11.0% above its 52-week low of $20.71. ReneSola Ltd. (ADR) (NYSE:SOL) is the
sixth best-performing U.S.-listed Chinese stock on Dec. 19. It was up 0.7% on
the day. SOLs upside potential is 93.3% based on brokerage analysts average
target price of $2.86. It is trading at 11.2% of its 52-week high of $13.25, and
2.1% above its 52-week low of $1.45. ZHONGPIN INC. (NASDAQ:HOGS) is the seventh
best-performing U.S.-listed Chinese stock on Dec. 19. It was up 0.0% on the day.
HOGSs upside potential is 86.6% based on brokerage analysts average target price
of $15.92. It is trading at 40.5% of its 52-week high of $21.07, and 29.2% above
its 52-week low of $6.60. Mindray Medical International Ltd (ADR) (NYSE:MR) is
the eighth best-performing U.S.-listed Chinese stock on Dec. 19. It was down
0.1% on the day. MRs upside potential is 25.0% based on brokerage analysts
average target price of $31.13. It is trading at 79.8% of its 52-week high of
$31.21, and 17.2% above its 52-week low of $21.25. TAL Education Group (ADR)
(NYSE:XRS) is the ninth best-performing U.S.-listed Chinese stock on Dec. 19. It
was down 0.3% on the day. XRSs upside potential is 55.1% based on brokerage
analysts average target price of $15.43. It is trading at 61.2% of its 52-week
high of $16.25, and 18.3% above its 52-week low of $8.41. Shanda Interactive
Entertainment Ltd ADR (NASDAQ:SNDA) is the 10th best-performing U.S.-listed
Chinese stock on Dec. 19. It was down 0.3% on the day. SNDAs upside potential is
-0.5% based on brokerage analysts average target price of $39.66. It is trading
at 73.5% of its 52-week high of $54.20, and 40.1% above its 52-week low of
$28.44. 51job, Inc. (ADR) (NASDAQ:JOBS) is the 11th best-performing U.S.-listed
Chinese stock on Dec. 19. It was down 0.4% on the day. JOBSs upside potential is
50.9% based on brokerage analysts average target price of $64.50. It is trading
at 61.2% of its 52-week high of $69.80, and 16.7% above its 52-week low of
$36.62. CNinsure Inc. (ADR) (NASDAQ:CISG) is the 12th best-performing
U.S.-listed Chinese stock on Dec. 19. It was down 0.4% on the day. CISGs upside
potential is 195.5% based on brokerage analysts average target price of $20.36.
It is trading at 33.0% of its 52-week high of $20.88, and 30.5% above its
52-week low of $5.28. China Petroleum & Chemical Corp. (ADR) (NYSE:SNP) is the
13th best-performing U.S.-listed Chinese stock on Dec. 19. It was down 0.8% on
the day. SNPs upside potential is 20.9% based on brokerage analysts average
target price of $122.20. It is trading at 90.3% of its 52-week high of $111.92,
and 22.6% above its 52-week low of $82.50. AsiaInfo-Linkage, Inc. (NASDAQ:ASIA)
is the 14th best-performing U.S.-listed Chinese stock on Dec. 19. It was down
0.9% on the day. ASIAs upside potential is 153.8% based on brokerage analysts
average target price of $17.44. It is trading at 30.0% of its 52-week high of
$22.91, and 10.6% above its 52-week low of $6.21. Hollysys Automation
Technologies Ltd (NASDAQ:HOLI) is the 15th best-performing U.S.-listed Chinese
stock on Dec. 19. It was down 1.2% on the day. HOLIs upside potential is 71.2%
based on brokerage analysts average target price of $13.13. It is trading at
42.3% of its 52-week high of $18.15, and 68.9% above its 52-week low of $4.54.
Giant Interactive Group Inc (ADR) (NYSE:GA) is the 16th best-performing
U.S.-listed Chinese stock on Dec. 19. It was down 1.2% on the day. GAs upside
potential is 74.0% based on brokerage analysts average target price of $6.98. It
is trading at 42.4% of its 52-week high of $9.45, and 32.8% above its 52-week
low of $3.02. New Oriental Education & Tech Grp (ADR) (NYSE:EDU) is the 17th
best-performing U.S.-listed Chinese stock on Dec. 19. It was down 1.3% on the
day. EDUs upside potential is 64.5% based on brokerage analysts average target
price of $35.30. It is trading at 61.7% of its 52-week high of $34.77, and 4.1%
above its 52-week low of $20.61. China Real Estate Information Corp
(NASDAQ:CRIC) is the 18th best-performing U.S.-listed Chinese stock on Dec. 19.
It was down 1.4% on the day. CRICs upside potential is 94.4% based on brokerage
analysts average target price of $8.05. It is trading at 41.9% of its 52-week
high of $9.89, and 12.5% above its 52-week low of $3.68. Focus Media Holding
Limited (ADR) (NASDAQ:FMCN) is the 19th best-performing U.S.-listed Chinese
stock on Dec. 19. It was down 1.4% on the day. FMCNs upside potential is 110.4%
based on brokerage analysts average target price of $40.23. It is trading at
50.9% of its 52-week high of $37.58, and 117.5% above its 52-week low of $8.79.
China Mobile Ltd. (ADR) (NYSE:CHL) is the 20th best-performing U.S.-listed
Chinese stock on Dec. 19. It was down 1.6% on the day. CHLs upside potential is
7.8% based on brokerage analysts average target price of $49.97. It is trading
at 89.2% of its 52-week high of $51.98, and 6.6% above its 52-week low of
$43.51.
3-Year Low in Gold Sentiment – a Bullish or Bearish Sign?
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 With gold futures oscillating around the $1,600 per ounce level on Monday, the yellow metal is now 16.8% below its $1,923 all-time high reached on September 6th of this year.
Mining – Gold Updates: MDW, RIC, RGLD, GOLD, GRZ
XCSFDHG46767FHJHJF
gol2664 Negocioenlinea Mining – Gold Updates: MDW, RIC, RGLD, GOLD, GRZ Emerald Scope – 6 hours ago Midway Gold Corp. (Public, NYSEAMEX:MDW). Last Market Price: $2.32, Change -0.07, % Change (-2.93%). Shares trade in the range of $2.28 – $2.39 dollars.
With the Gold Price this Low it’s Your Opportunity to Buy One Last Time at Bargain Basement Prices
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold Price Close Today : 1594.40 Change : -1.20 or -0.1% Silver Price Close Today : 2882.20 Change : -79.3 cents or -2.7% Gold Silver Ratio Today : 55.319 Change : 1.441 or 2.7% Silver Gold Ratio Today : 0.01808 Change : -0.000483 or -2.6% Platinum Price Close Today : 1407.30 Change : -9.80 or -0.7% Palladium Price Close Today : 608.65 Change : -13.65 or -2.2% S&P 500 : 1,205.35 Change : -14.31 or -1.2% Dow In GOLD$ : $152.55 Change : $ (1.17) or -0.8% Dow in GOLD oz : 7.380 Change : -0.056 or -0.8% Dow in SILVER oz : 408.24 Change : 7.55 or 1.9% Dow Industrial : 11,766.26 Change : -100.13 or -0.8% US Dollar Index : 80.38 Change : 0.114 or 0.1% The GOLD PRICE and SILVER PRICE what is going on? I can’t get around this conclusion that the Big Cause right now is the European bank solvency crisis. It’s huge, it’s hungry, and it can’t be fixed and ain’t being fixed. When the panic begins, as it did in 2008, the drain sucks down everything in a heartbeat. And I will keep on saying this until y’all put your hands over your ears and run for cover: THIS IS NOT THE END OF SILVER and the GOLD PRICE BULL MARKET. This is your opportunity to buy one last time at bargain basement prices. Wait a while if you please. Sure, all the wild numbers are possible, gold at $950 and silver at $16 — POSSIBLE, but neither you nor I can read the future perfectly. Hence, we weigh possibilities and probabilities and make the best choice we can and trust God for the outcome. Here’s what’s happening right now. As long as the SILVER PRICE holds 2600c and the GOLD PRICE holds $1,535, no big drop is coming. Below those levels gold falls to $1,475 support and silver to 2000c. Today GOLD backed off to $1,594.40, giving back $1.20 but remaining above $1,590 (low struck at $1,585.80). On the other hand, gold was stopped at $1,607.40, so couldn't pierce that $,1,605 resistance. Why is the premium on US 90% silver coin rising? That generally only happens at bottoms, even at interim bottoms. But strengthened it has. SILVER lost 79.3c and closed Comex at 2882.2c, a whopping 2.7% loss compared to gold’s nothing change. Well, it’s to be expected that silver in a correction will be weaker than gold. If that surprises you, you ought to go back to playing pinball machines, because you haven’t yet understood this game. One thing that makes me suspect even my own bearishness is this: when everybody believes a market is going much lower, it won’t. Nobody is left to sell it. But I am willing myself to be patient here and watch silver and gold unfold, and to watch every indicator very closely — I have indicators y’all know not of — for the least sign of a turnaround. I have posted the December Moneychanger at www.the-moneychanger.com for paid subscribers. At http://finance.yahoo.com/news/the-silver-rush-at-mf-global-.html you can read how the MF global bankruptcy trustee is picking the pockets of the victims/former customers who held Warehouse Receipts for physical silver and gold through MF Global. First, get this clear in your mind. Until now a “Warehouse Receipt” has been a sacrosanct security, a receipt for stored physical gold and silver, that has never been repudiated, since memory runneth not to the contrary. Yet now MF Global and this bankruptcy trustee, have found a way to render WRs worthless. Apparently MF Global bought Incredible Shrinking Gold and Silver for its customers, since the trustee proposes dumping it all into a pool and paying only 72% of what’s owed — not physical gold or silver, mind you. So although the gold was supposed to be (1) wholly owned by the customer and segregated and (2) therefore not subject to MF Global’s bankruptcy and (3) supposed to be held in physical form under bond, it ain’t there. I offer this account as an example of why I have kept on telling y’all with excruciating regularity and consistency that YOU MUST TAKE PHYSICAL DELIVERY OF YOUR SILVER and GOLD. I have been warning for years that huge amounts of unbacked paper silver circulate, and that at some point in this bull market some large safekeeper of silver and gold will default, and will be discovered to have the equivalent of wooden bars painted silver and gold. Yes, yes, I know people point at me and snicker that I’m just a suspicious natural born fool from Tennessee, uncouth and unsophisticated in the wise ways of Wall Street. Indeed, that may be true, but MF Global didn’t pick MY pocket. Folks, y’all can trust Wall Street. Y’all can trust the financial and banking establishment. Y’all can trust the US government and the Federal Reserve. Y’all can trust them to steal your money, your clothes, your peanut butter sandwich, and throw you out of a boat holding on to an anvil and poke fun at you as you sink. Trust me. I know ‘em. I’m trying to get past the bearish pictures on the gold and silver charts and remind myself that foregone conclusions do not exist. Somebody is doing Legion’s job talking down silver and gold when they’ve ensnared me. Now that both metals have bounced (Friday), we’ll get a better idea of how bad this will be. But more later. STOCKS are now catching up with silver and gold. Dow today lost 100.13 (0.84%) to close at 11,766.26. S&P500 closed 1,205.35, down 14.31 (1.17%) and 5 scant points from crushing morale by dropping below 1200. Silver and gold’s outlook may be fraught with pain, but at least after a while they will come back — stocks won’t. At least, in no span of time likely to do y’all any good. Despite the best efforts of the Nice Government Men and Central Bank Lackeys and Running Dogs (CBLARD), the US dollar index rose again today, up 11.4 basis points (0.15%), still hanging in above 80. Dollar is rallying, European crisis is driving it, it will go higher before this ends. That will make life difficult for silver and gold. Meanwhile the euro sank beneath 1.3000 again to 1.2995, down 0.41%. Gazing upon the euro, the move from 1.4247 in November down to 1.2945 last week, may be a fully completed move. If so, the euro will correct briefly, up to l.3200 or so, before it resumes its plunge toward the earth’s core. The Japanese yen looks ready to move lower, but has established a support line over the last 1-1/2 months about 128c/Y100. Closed today at 128.15c/Y100 (Y78.03/$1), down .36%. Argentum et aurum comparenda sunt — – Gold and silver must be bought. – Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2011, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold’s primary trend is up, targeting at least $3,130.00; silver’s primary is up targeting 16:1 gold/silver ratio or $195.66; stocks’ primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate 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.
Top Oversold U.S.-Listed Chinese Stocks (Dec 19, 2011)
XCSFDHG46767FHJHJF
tdp2664 China Analyst Below are the latest oversold U.S.-listed Chinese stocks. Phoenix New Media Ltd ADR (NYSE:FENG) is the most oversold U.S.-listed Chinese stock on Dec. 19. It was down 8.1% on the day. FENG's upside potential is 100.9% based on brokerage analysts' average target price of $10.67. It is trading at 35.2% of its 52-week high of $15.09, and 26.4% above its 52-week low of $4.20. Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) is the second most oversold U.S.-listed Chinese stock on Dec. 19. It was down 7.3% on the day. STP's upside potential is 105.2% based on brokerage analysts' average target price of $4.43. It is trading at 19.9% of its 52-week high of $10.83, and 27.1% above its 52-week low of $1.70. iSoftStone Holdings Ltd (ADR) (NYSE:ISS) is the third most oversold U.S.-listed Chinese stock on Dec. 19. It was down 7.0% on the day. ISS's upside potential is 121.9% based on brokerage analysts' average target price of $17.20. It is trading at 34.2% of its 52-week high of $22.63, and 36.9% above its 52-week low of $5.66. HiSoft Technology Internatnl Ltd (ADR) (NASDAQ:HSFT) is the fourth most oversold U.S.-listed Chinese stock on Dec. 19. It was down 6.7% on the day. HSFT's upside potential is 98.3% based on brokerage analysts' average target price of $18.16. It is trading at 26.9% of its 52-week high of $34.00, and 14.2% above its 52-week low of $8.02. Shanda Games Limited(ADR) (NASDAQ:GAME) is the fifth most oversold U.S.-listed Chinese stock on Dec. 19. It was down 6.4% on the day. GAME's upside potential is 55.8% based on brokerage analysts' average target price of $6.65. It is trading at 55.5% of its 52-week high of $7.70, and 23.4% above its 52-week low of $3.46. Youku.com Inc (ADR) (NYSE:YOKU) is the sixth most oversold U.S.-listed Chinese stock on Dec. 19. It was down 5.5% on the day. YOKU's upside potential is 70.9% based on brokerage analysts' average target price of $29.14. It is trading at 24.4% of its 52-week high of $69.95, and 23.9% above its 52-week low of $13.76. Jiayuan.com International Ltd (NASDAQ:DATE) is the seventh most oversold U.S.-listed Chinese stock on Dec. 19. It was down 4.5% on the day. DATE's upside potential is 156.6% based on brokerage analysts' average target price of $15.22. It is trading at 36.8% of its 52-week high of $16.12, and 0.5% above its 52-week low of $5.90. Renren Inc (NYSE:RENN) is the eighth most oversold U.S.-listed Chinese stock on Dec. 19. It was down 4.4% on the day. RENN's upside potential is 130.9% based on brokerage analysts' average target price of $7.62. It is trading at 13.7% of its 52-week high of $24.00, and 2.8% above its 52-week low of $3.21. AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP) is the ninth most oversold U.S.-listed Chinese stock on Dec. 19. It was down 4.2% on the day. AMAP's upside potential is 155.1% based on brokerage analysts' average target price of $22.83. It is trading at 44.3% of its 52-week high of $20.20, and 0.0% above its 52-week low of $8.95. SINA Corporation (USA) (NASDAQ:SINA) is the 10th most oversold U.S.-listed Chinese stock on Dec. 19. It was down 4.1% on the day. SINA's upside potential is 99.5% based on brokerage analysts' average target price of $105.37. It is trading at 35.9% of its 52-week high of $147.12, and 12.7% above its 52-week low of $46.86. Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) is the 11th most oversold U.S.-listed Chinese stock on Dec. 19. It was down 3.8% on the day. PWRD's upside potential is 123.5% based on brokerage analysts' average target price of $24.00. It is trading at 36.9% of its 52-week high of $29.10, and 19.3% above its 52-week low of $9.00. China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) is the 12th most oversold U.S.-listed Chinese stock on Dec. 19. It was down 3.8% on the day. HTHT's upside potential is 72.2% based on brokerage analysts' average target price of $21.82. It is trading at 51.8% of its 52-week high of $24.47, and 5.6% above its 52-week low of $12.00. 21Vianet Group Inc (NASDAQ:VNET) is the 13th most oversold U.S.-listed Chinese stock on Dec. 19. It was down 3.8% on the day. VNET's upside potential is 94.0% based on brokerage analysts' average target price of $17.89. It is trading at 41.3% of its 52-week high of $22.33, and 11.0% above its 52-week low of $8.31. VanceInfo Technologies Inc.(ADR) (NYSE:VIT) is the 14th most oversold U.S.-listed Chinese stock on Dec. 19. It was down 3.4% on the day. VIT's upside potential is 118.5% based on brokerage analysts' average target price of $18.24. It is trading at 22.0% of its 52-week high of $37.99, and 34.9% above its 52-week low of $6.19. Qihoo 360 Technology Co Ltd (NYSE:QIHU) is the 15th most oversold U.S.-listed Chinese stock on Dec. 19. It was down 3.3% on the day. QIHU's upside potential is 101.4% based on brokerage analysts' average target price of $34.07. It is trading at 46.7% of its 52-week high of $36.21, and 18.3% above its 52-week low of $14.30. CNOOC Limited (ADR) (NYSE:CEO) is the 16th most oversold U.S.-listed Chinese stock on Dec. 19. It was down 3.2% on the day. CEO's upside potential is 28.9% based on brokerage analysts' average target price of $221.93. It is trading at 63.3% of its 52-week high of $271.94, and 21.9% above its 52-week low of $141.27. Huaneng Power International, Inc. (ADR) (NYSE:HNP) is the 17th most oversold U.S.-listed Chinese stock on Dec. 19. It was down 3.2% on the day. HNP's upside potential is 14.6% based on brokerage analysts' average target price of $23.32. It is trading at 85.0% of its 52-week high of $23.94, and 31.7% above its 52-week low of $15.45. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is the 18th most oversold U.S.-listed Chinese stock on Dec. 19. It was down 3.2% on the day. JASO's upside potential is 155.6% based on brokerage analysts' average target price of $3.14. It is trading at 14.4% of its 52-week high of $8.57, and 1.7% above its 52-week low of $1.21. Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) is the 19th most oversold U.S.-listed Chinese stock on Dec. 19. It was down 3.1% on the day. MPEL's upside potential is 74.5% based on brokerage analysts' average target price of $15.37. It is trading at 54.6% of its 52-week high of $16.15, and 44.4% above its 52-week low of $6.10. NetEase.com, Inc. (ADR) (NASDAQ:NTES) is the 20th most oversold U.S.-listed Chinese stock on Dec. 19. It was down 3.1% on the day. NTES's upside potential is 24.0% based on brokerage analysts' average target price of $56.66. It is trading at 83.1% of its 52-week high of $55.00, and 29.8% above its 52-week low of $35.20.
Mining - Gold Updates: MDW, RIC, RGLD, GOLD, GRZ
Mining - Gold Updates: MDW, RIC, RGLD, GOLD, GRZ Emerald Scope - 6 hours ago
Midway Gold Corp. (Public, NYSEAMEX:MDW). Last Market Price: $2.32, Change
-0.07, % Change (-2.93%). Shares trade in the range of $2.28 - $2.39 dollars.
Midway Gold Corp. (Public, NYSEAMEX:MDW). Last Market Price: $2.32, Change
-0.07, % Change (-2.93%). Shares trade in the range of $2.28 - $2.39 dollars.
With the Gold Price this Low it's Your Opportunity to Buy One Last Time at Bargain Basement Prices
Gold Price Close Today : 1594.40 Change : -1.20 or -0.1% Silver Price Close
Today : 2882.20 Change : -79.3 cents or -2.7% Gold Silver Ratio Today : 55.319
Change : 1.441 or 2.7% Silver Gold Ratio Today : 0.01808 Change : -0.000483 or
-2.6% Platinum Price Close Today : 1407.30 Change : -9.80 or -0.7% Palladium
Price Close Today : 608.65 Change : -13.65 or -2.2% S&P 500 : 1,205.35 Change :
-14.31 or -1.2% Dow In GOLD$ : $152.55 Change : $ (1.17) or -0.8% Dow in GOLD oz
: 7.380 Change : -0.056 or -0.8% Dow in SILVER oz : 408.24 Change : 7.55 or 1.9%
Dow Industrial : 11,766.26 Change : -100.13 or -0.8% US Dollar Index : 80.38
Change : 0.114 or 0.1% The GOLD PRICE and SILVER PRICE what is going on? I can't
get around this conclusion that the Big Cause right now is the European bank
solvency crisis. It's huge, it's hungry, and it can't be fixed and ain't being
fixed. When the panic begins, as it did in 2008, the drain sucks down everything
in a heartbeat. And I will keep on saying this until y'all put your hands over
your ears and run for cover: THIS IS NOT THE END OF SILVER and the GOLD PRICE
BULL MARKET. This is your opportunity to buy one last time at bargain basement
prices. Wait a while if you please. Sure, all the wild numbers are possible,
gold at $950 and silver at $16 -- POSSIBLE, but neither you nor I can read the
future perfectly. Hence, we weigh possibilities and probabilities and make the
best choice we can and trust God for the outcome. Here's what's happening right
now. As long as the SILVER PRICE holds 2600c and the GOLD PRICE holds $1,535, no
big drop is coming. Below those levels gold falls to $1,475 support and silver
to 2000c. Today GOLD backed off to $1,594.40, giving back $1.20 but remaining
above $1,590 (low struck at $1,585.80). On the other hand, gold was stopped at
$1,607.40, so couldn't pierce that $,1,605 resistance. Why is the premium on
US 90% silver coin rising? That generally only happens at bottoms, even at
interim bottoms. But strengthened it has. SILVER lost 79.3c and closed Comex at
2882.2c, a whopping 2.7% loss compared to gold's nothing change. Well, it's to
be expected that silver in a correction will be weaker than gold. If that
surprises you, you ought to go back to playing pinball machines, because you
haven't yet understood this game. One thing that makes me suspect even my own
bearishness is this: when everybody believes a market is going much lower, it
won't. Nobody is left to sell it. But I am willing myself to be patient here and
watch silver and gold unfold, and to watch every indicator very closely -- I
have indicators y'all know not of -- for the least sign of a turnaround. I have
posted the December Moneychanger at www.the-moneychanger.com for paid
subscribers. At http://finance.yahoo.com/news/the-silver-rush-at-mf-global-.html
you can read how the MF global bankruptcy trustee is picking the pockets of the
victims/former customers who held Warehouse Receipts for physical silver and
gold through MF Global. First, get this clear in your mind. Until now a
"Warehouse Receipt" has been a sacrosanct security, a receipt for stored
physical gold and silver, that has never been repudiated, since memory runneth
not to the contrary. Yet now MF Global and this bankruptcy trustee, have found a
way to render WRs worthless. Apparently MF Global bought Incredible Shrinking
Gold and Silver for its customers, since the trustee proposes dumping it all
into a pool and paying only 72% of what's owed -- not physical gold or silver,
mind you. So although the gold was supposed to be (1) wholly owned by the
customer and segregated and (2) therefore not subject to MF Global's bankruptcy
and (3) supposed to be held in physical form under bond, it ain't there. I offer
this account as an example of why I have kept on telling y'all with excruciating
regularity and consistency that YOU MUST TAKE PHYSICAL DELIVERY OF YOUR SILVER
and GOLD. I have been warning for years that huge amounts of unbacked paper
silver circulate, and that at some point in this bull market some large
safekeeper of silver and gold will default, and will be discovered to have the
equivalent of wooden bars painted silver and gold. Yes, yes, I know people point
at me and snicker that I'm just a suspicious natural born fool from Tennessee,
uncouth and unsophisticated in the wise ways of Wall Street. Indeed, that may be
true, but MF Global didn't pick MY pocket. Folks, y'all can trust Wall Street.
Y'all can trust the financial and banking establishment. Y'all can trust the US
government and the Federal Reserve. Y'all can trust them to steal your money,
your clothes, your peanut butter sandwich, and throw you out of a boat holding
on to an anvil and poke fun at you as you sink. Trust me. I know 'em. I'm trying
to get past the bearish pictures on the gold and silver charts and remind myself
that foregone conclusions do not exist. Somebody is doing Legion's job talking
down silver and gold when they've ensnared me. Now that both metals have bounced
(Friday), we'll get a better idea of how bad this will be. But more later.
STOCKS are now catching up with silver and gold. Dow today lost 100.13 (0.84%)
to close at 11,766.26. S&P500 closed 1,205.35, down 14.31 (1.17%) and 5 scant
points from crushing morale by dropping below 1200. Silver and gold's outlook
may be fraught with pain, but at least after a while they will come back --
stocks won't. At least, in no span of time likely to do y'all any good. Despite
the best efforts of the Nice Government Men and Central Bank Lackeys and Running
Dogs (CBLARD), the US dollar index rose again today, up 11.4 basis points
(0.15%), still hanging in above 80. Dollar is rallying, European crisis is
driving it, it will go higher before this ends. That will make life difficult
for silver and gold. Meanwhile the euro sank beneath 1.3000 again to 1.2995,
down 0.41%. Gazing upon the euro, the move from 1.4247 in November down to
1.2945 last week, may be a fully completed move. If so, the euro will correct
briefly, up to l.3200 or so, before it resumes its plunge toward the earth's
core. The Japanese yen looks ready to move lower, but has established a support
line over the last 1-1/2 months about 128c/Y100. Closed today at 128.15c/Y100
(Y78.03/$1), down .36%. Argentum et aurum comparenda sunt -- -- Gold and silver
must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com ©
2011, The Moneychanger. May not be republished in any form, including
electronically, without our express permission. To avoid confusion, please
remember that the comments above have a very short time horizon. Always invest
with the primary trend. Gold's primary trend is up, targeting at least
$3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66;
stocks' primary trend is down, targeting Dow under 2,900 and worth only one
ounce of gold; US$ or US$-denominated assets, primary trend down; real estate
bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and
warned: Do NOT use these commentaries to trade futures contracts. I don't intend
them for that or write them with that short term trading outlook. I write them
for long-term investors in physical metals. Take them as entertainment, but not
as a timing service for futures. NOR do I recommend investing in gold or silver
Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one
or another may go up in smoke. Unless you can breathe smoke, stay away. Call me
paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading
futures options or other leveraged paper gold and silver products. These are not
for the inexperienced. NOR do I recommend buying gold and silver on margin or
with debt. What DO I recommend? Physical gold and silver coins and bars in your
own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.
Today : 2882.20 Change : -79.3 cents or -2.7% Gold Silver Ratio Today : 55.319
Change : 1.441 or 2.7% Silver Gold Ratio Today : 0.01808 Change : -0.000483 or
-2.6% Platinum Price Close Today : 1407.30 Change : -9.80 or -0.7% Palladium
Price Close Today : 608.65 Change : -13.65 or -2.2% S&P 500 : 1,205.35 Change :
-14.31 or -1.2% Dow In GOLD$ : $152.55 Change : $ (1.17) or -0.8% Dow in GOLD oz
: 7.380 Change : -0.056 or -0.8% Dow in SILVER oz : 408.24 Change : 7.55 or 1.9%
Dow Industrial : 11,766.26 Change : -100.13 or -0.8% US Dollar Index : 80.38
Change : 0.114 or 0.1% The GOLD PRICE and SILVER PRICE what is going on? I can't
get around this conclusion that the Big Cause right now is the European bank
solvency crisis. It's huge, it's hungry, and it can't be fixed and ain't being
fixed. When the panic begins, as it did in 2008, the drain sucks down everything
in a heartbeat. And I will keep on saying this until y'all put your hands over
your ears and run for cover: THIS IS NOT THE END OF SILVER and the GOLD PRICE
BULL MARKET. This is your opportunity to buy one last time at bargain basement
prices. Wait a while if you please. Sure, all the wild numbers are possible,
gold at $950 and silver at $16 -- POSSIBLE, but neither you nor I can read the
future perfectly. Hence, we weigh possibilities and probabilities and make the
best choice we can and trust God for the outcome. Here's what's happening right
now. As long as the SILVER PRICE holds 2600c and the GOLD PRICE holds $1,535, no
big drop is coming. Below those levels gold falls to $1,475 support and silver
to 2000c. Today GOLD backed off to $1,594.40, giving back $1.20 but remaining
above $1,590 (low struck at $1,585.80). On the other hand, gold was stopped at
$1,607.40, so couldn't pierce that $,1,605 resistance. Why is the premium on
US 90% silver coin rising? That generally only happens at bottoms, even at
interim bottoms. But strengthened it has. SILVER lost 79.3c and closed Comex at
2882.2c, a whopping 2.7% loss compared to gold's nothing change. Well, it's to
be expected that silver in a correction will be weaker than gold. If that
surprises you, you ought to go back to playing pinball machines, because you
haven't yet understood this game. One thing that makes me suspect even my own
bearishness is this: when everybody believes a market is going much lower, it
won't. Nobody is left to sell it. But I am willing myself to be patient here and
watch silver and gold unfold, and to watch every indicator very closely -- I
have indicators y'all know not of -- for the least sign of a turnaround. I have
posted the December Moneychanger at www.the-moneychanger.com for paid
subscribers. At http://finance.yahoo.com/news/the-silver-rush-at-mf-global-.html
you can read how the MF global bankruptcy trustee is picking the pockets of the
victims/former customers who held Warehouse Receipts for physical silver and
gold through MF Global. First, get this clear in your mind. Until now a
"Warehouse Receipt" has been a sacrosanct security, a receipt for stored
physical gold and silver, that has never been repudiated, since memory runneth
not to the contrary. Yet now MF Global and this bankruptcy trustee, have found a
way to render WRs worthless. Apparently MF Global bought Incredible Shrinking
Gold and Silver for its customers, since the trustee proposes dumping it all
into a pool and paying only 72% of what's owed -- not physical gold or silver,
mind you. So although the gold was supposed to be (1) wholly owned by the
customer and segregated and (2) therefore not subject to MF Global's bankruptcy
and (3) supposed to be held in physical form under bond, it ain't there. I offer
this account as an example of why I have kept on telling y'all with excruciating
regularity and consistency that YOU MUST TAKE PHYSICAL DELIVERY OF YOUR SILVER
and GOLD. I have been warning for years that huge amounts of unbacked paper
silver circulate, and that at some point in this bull market some large
safekeeper of silver and gold will default, and will be discovered to have the
equivalent of wooden bars painted silver and gold. Yes, yes, I know people point
at me and snicker that I'm just a suspicious natural born fool from Tennessee,
uncouth and unsophisticated in the wise ways of Wall Street. Indeed, that may be
true, but MF Global didn't pick MY pocket. Folks, y'all can trust Wall Street.
Y'all can trust the financial and banking establishment. Y'all can trust the US
government and the Federal Reserve. Y'all can trust them to steal your money,
your clothes, your peanut butter sandwich, and throw you out of a boat holding
on to an anvil and poke fun at you as you sink. Trust me. I know 'em. I'm trying
to get past the bearish pictures on the gold and silver charts and remind myself
that foregone conclusions do not exist. Somebody is doing Legion's job talking
down silver and gold when they've ensnared me. Now that both metals have bounced
(Friday), we'll get a better idea of how bad this will be. But more later.
STOCKS are now catching up with silver and gold. Dow today lost 100.13 (0.84%)
to close at 11,766.26. S&P500 closed 1,205.35, down 14.31 (1.17%) and 5 scant
points from crushing morale by dropping below 1200. Silver and gold's outlook
may be fraught with pain, but at least after a while they will come back --
stocks won't. At least, in no span of time likely to do y'all any good. Despite
the best efforts of the Nice Government Men and Central Bank Lackeys and Running
Dogs (CBLARD), the US dollar index rose again today, up 11.4 basis points
(0.15%), still hanging in above 80. Dollar is rallying, European crisis is
driving it, it will go higher before this ends. That will make life difficult
for silver and gold. Meanwhile the euro sank beneath 1.3000 again to 1.2995,
down 0.41%. Gazing upon the euro, the move from 1.4247 in November down to
1.2945 last week, may be a fully completed move. If so, the euro will correct
briefly, up to l.3200 or so, before it resumes its plunge toward the earth's
core. The Japanese yen looks ready to move lower, but has established a support
line over the last 1-1/2 months about 128c/Y100. Closed today at 128.15c/Y100
(Y78.03/$1), down .36%. Argentum et aurum comparenda sunt -- -- Gold and silver
must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com ©
2011, The Moneychanger. May not be republished in any form, including
electronically, without our express permission. To avoid confusion, please
remember that the comments above have a very short time horizon. Always invest
with the primary trend. Gold's primary trend is up, targeting at least
$3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66;
stocks' primary trend is down, targeting Dow under 2,900 and worth only one
ounce of gold; US$ or US$-denominated assets, primary trend down; real estate
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.
Top Oversold U.S.-Listed Chinese Stocks (Dec 19, 2011)
Below are the latest oversold U.S.-listed Chinese stocks. Phoenix New Media Ltd
ADR (NYSE:FENG) is the most oversold U.S.-listed Chinese stock on Dec. 19. It
was down 8.1% on the day. FENGs upside potential is 100.9% based on brokerage
analysts average target price of $10.67. It is trading at 35.2% of its 52-week
high of $15.09, and 26.4% above its 52-week low of $4.20. Suntech Power Holdings
Co., Ltd. (ADR) (NYSE:STP) is the second most oversold U.S.-listed Chinese stock
on Dec. 19. It was down 7.3% on the day. STPs upside potential is 105.2% based
on brokerage analysts average target price of $4.43. It is trading at 19.9% of
its 52-week high of $10.83, and 27.1% above its 52-week low of $1.70. iSoftStone
Holdings Ltd (ADR) (NYSE:ISS) is the third most oversold U.S.-listed Chinese
stock on Dec. 19. It was down 7.0% on the day. ISSs upside potential is 121.9%
based on brokerage analysts average target price of $17.20. It is trading at
34.2% of its 52-week high of $22.63, and 36.9% above its 52-week low of $5.66.
HiSoft Technology Internatnl Ltd (ADR) (NASDAQ:HSFT) is the fourth most oversold
U.S.-listed Chinese stock on Dec. 19. It was down 6.7% on the day. HSFTs upside
potential is 98.3% based on brokerage analysts average target price of $18.16.
It is trading at 26.9% of its 52-week high of $34.00, and 14.2% above its
52-week low of $8.02. Shanda Games Limited(ADR) (NASDAQ:GAME) is the fifth most
oversold U.S.-listed Chinese stock on Dec. 19. It was down 6.4% on the day.
GAMEs upside potential is 55.8% based on brokerage analysts average target price
of $6.65. It is trading at 55.5% of its 52-week high of $7.70, and 23.4% above
its 52-week low of $3.46. Youku.com Inc (ADR) (NYSE:YOKU) is the sixth most
oversold U.S.-listed Chinese stock on Dec. 19. It was down 5.5% on the day.
YOKUs upside potential is 70.9% based on brokerage analysts average target price
of $29.14. It is trading at 24.4% of its 52-week high of $69.95, and 23.9% above
its 52-week low of $13.76. Jiayuan.com International Ltd (NASDAQ:DATE) is the
seventh most oversold U.S.-listed Chinese stock on Dec. 19. It was down 4.5% on
the day. DATEs upside potential is 156.6% based on brokerage analysts average
target price of $15.22. It is trading at 36.8% of its 52-week high of $16.12,
and 0.5% above its 52-week low of $5.90. Renren Inc (NYSE:RENN) is the eighth
most oversold U.S.-listed Chinese stock on Dec. 19. It was down 4.4% on the day.
RENNs upside potential is 130.9% based on brokerage analysts average target
price of $7.62. It is trading at 13.7% of its 52-week high of $24.00, and 2.8%
above its 52-week low of $3.21. AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP) is the
ninth most oversold U.S.-listed Chinese stock on Dec. 19. It was down 4.2% on
the day. AMAPs upside potential is 155.1% based on brokerage analysts average
target price of $22.83. It is trading at 44.3% of its 52-week high of $20.20,
and 0.0% above its 52-week low of $8.95. SINA Corporation (USA) (NASDAQ:SINA) is
the 10th most oversold U.S.-listed Chinese stock on Dec. 19. It was down 4.1% on
the day. SINAs upside potential is 99.5% based on brokerage analysts average
target price of $105.37. It is trading at 35.9% of its 52-week high of $147.12,
and 12.7% above its 52-week low of $46.86. Perfect World Co., Ltd. (ADR)
(NASDAQ:PWRD) is the 11th most oversold U.S.-listed Chinese stock on Dec. 19. It
was down 3.8% on the day. PWRDs upside potential is 123.5% based on brokerage
analysts average target price of $24.00. It is trading at 36.9% of its 52-week
high of $29.10, and 19.3% above its 52-week low of $9.00. China Lodging Group,
Ltd (ADR) (NASDAQ:HTHT) is the 12th most oversold U.S.-listed Chinese stock on
Dec. 19. It was down 3.8% on the day. HTHTs upside potential is 72.2% based on
brokerage analysts average target price of $21.82. It is trading at 51.8% of its
52-week high of $24.47, and 5.6% above its 52-week low of $12.00. 21Vianet Group
Inc (NASDAQ:VNET) is the 13th most oversold U.S.-listed Chinese stock on Dec.
19. It was down 3.8% on the day. VNETs upside potential is 94.0% based on
brokerage analysts average target price of $17.89. It is trading at 41.3% of its
52-week high of $22.33, and 11.0% above its 52-week low of $8.31. VanceInfo
Technologies Inc.(ADR) (NYSE:VIT) is the 14th most oversold U.S.-listed Chinese
stock on Dec. 19. It was down 3.4% on the day. VITs upside potential is 118.5%
based on brokerage analysts average target price of $18.24. It is trading at
22.0% of its 52-week high of $37.99, and 34.9% above its 52-week low of $6.19.
Qihoo 360 Technology Co Ltd (NYSE:QIHU) is the 15th most oversold U.S.-listed
Chinese stock on Dec. 19. It was down 3.3% on the day. QIHUs upside potential is
101.4% based on brokerage analysts average target price of $34.07. It is trading
at 46.7% of its 52-week high of $36.21, and 18.3% above its 52-week low of
$14.30. CNOOC Limited (ADR) (NYSE:CEO) is the 16th most oversold U.S.-listed
Chinese stock on Dec. 19. It was down 3.2% on the day. CEOs upside potential is
28.9% based on brokerage analysts average target price of $221.93. It is trading
at 63.3% of its 52-week high of $271.94, and 21.9% above its 52-week low of
$141.27. Huaneng Power International, Inc. (ADR) (NYSE:HNP) is the 17th most
oversold U.S.-listed Chinese stock on Dec. 19. It was down 3.2% on the day. HNPs
upside potential is 14.6% based on brokerage analysts average target price of
$23.32. It is trading at 85.0% of its 52-week high of $23.94, and 31.7% above
its 52-week low of $15.45. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is
the 18th most oversold U.S.-listed Chinese stock on Dec. 19. It was down 3.2% on
the day. JASOs upside potential is 155.6% based on brokerage analysts average
target price of $3.14. It is trading at 14.4% of its 52-week high of $8.57, and
1.7% above its 52-week low of $1.21. Melco Crown Entertainment Ltd (ADR)
(NASDAQ:MPEL) is the 19th most oversold U.S.-listed Chinese stock on Dec. 19. It
was down 3.1% on the day. MPELs upside potential is 74.5% based on brokerage
analysts average target price of $15.37. It is trading at 54.6% of its 52-week
high of $16.15, and 44.4% above its 52-week low of $6.10. NetEase.com, Inc.
(ADR) (NASDAQ:NTES) is the 20th most oversold U.S.-listed Chinese stock on Dec.
19. It was down 3.1% on the day. NTESs upside potential is 24.0% based on
brokerage analysts average target price of $56.66. It is trading at 83.1% of its
52-week high of $55.00, and 29.8% above its 52-week low of $35.20.
ADR (NYSE:FENG) is the most oversold U.S.-listed Chinese stock on Dec. 19. It
was down 8.1% on the day. FENGs upside potential is 100.9% based on brokerage
analysts average target price of $10.67. It is trading at 35.2% of its 52-week
high of $15.09, and 26.4% above its 52-week low of $4.20. Suntech Power Holdings
Co., Ltd. (ADR) (NYSE:STP) is the second most oversold U.S.-listed Chinese stock
on Dec. 19. It was down 7.3% on the day. STPs upside potential is 105.2% based
on brokerage analysts average target price of $4.43. It is trading at 19.9% of
its 52-week high of $10.83, and 27.1% above its 52-week low of $1.70. iSoftStone
Holdings Ltd (ADR) (NYSE:ISS) is the third most oversold U.S.-listed Chinese
stock on Dec. 19. It was down 7.0% on the day. ISSs upside potential is 121.9%
based on brokerage analysts average target price of $17.20. It is trading at
34.2% of its 52-week high of $22.63, and 36.9% above its 52-week low of $5.66.
HiSoft Technology Internatnl Ltd (ADR) (NASDAQ:HSFT) is the fourth most oversold
U.S.-listed Chinese stock on Dec. 19. It was down 6.7% on the day. HSFTs upside
potential is 98.3% based on brokerage analysts average target price of $18.16.
It is trading at 26.9% of its 52-week high of $34.00, and 14.2% above its
52-week low of $8.02. Shanda Games Limited(ADR) (NASDAQ:GAME) is the fifth most
oversold U.S.-listed Chinese stock on Dec. 19. It was down 6.4% on the day.
GAMEs upside potential is 55.8% based on brokerage analysts average target price
of $6.65. It is trading at 55.5% of its 52-week high of $7.70, and 23.4% above
its 52-week low of $3.46. Youku.com Inc (ADR) (NYSE:YOKU) is the sixth most
oversold U.S.-listed Chinese stock on Dec. 19. It was down 5.5% on the day.
YOKUs upside potential is 70.9% based on brokerage analysts average target price
of $29.14. It is trading at 24.4% of its 52-week high of $69.95, and 23.9% above
its 52-week low of $13.76. Jiayuan.com International Ltd (NASDAQ:DATE) is the
seventh most oversold U.S.-listed Chinese stock on Dec. 19. It was down 4.5% on
the day. DATEs upside potential is 156.6% based on brokerage analysts average
target price of $15.22. It is trading at 36.8% of its 52-week high of $16.12,
and 0.5% above its 52-week low of $5.90. Renren Inc (NYSE:RENN) is the eighth
most oversold U.S.-listed Chinese stock on Dec. 19. It was down 4.4% on the day.
RENNs upside potential is 130.9% based on brokerage analysts average target
price of $7.62. It is trading at 13.7% of its 52-week high of $24.00, and 2.8%
above its 52-week low of $3.21. AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP) is the
ninth most oversold U.S.-listed Chinese stock on Dec. 19. It was down 4.2% on
the day. AMAPs upside potential is 155.1% based on brokerage analysts average
target price of $22.83. It is trading at 44.3% of its 52-week high of $20.20,
and 0.0% above its 52-week low of $8.95. SINA Corporation (USA) (NASDAQ:SINA) is
the 10th most oversold U.S.-listed Chinese stock on Dec. 19. It was down 4.1% on
the day. SINAs upside potential is 99.5% based on brokerage analysts average
target price of $105.37. It is trading at 35.9% of its 52-week high of $147.12,
and 12.7% above its 52-week low of $46.86. Perfect World Co., Ltd. (ADR)
(NASDAQ:PWRD) is the 11th most oversold U.S.-listed Chinese stock on Dec. 19. It
was down 3.8% on the day. PWRDs upside potential is 123.5% based on brokerage
analysts average target price of $24.00. It is trading at 36.9% of its 52-week
high of $29.10, and 19.3% above its 52-week low of $9.00. China Lodging Group,
Ltd (ADR) (NASDAQ:HTHT) is the 12th most oversold U.S.-listed Chinese stock on
Dec. 19. It was down 3.8% on the day. HTHTs upside potential is 72.2% based on
brokerage analysts average target price of $21.82. It is trading at 51.8% of its
52-week high of $24.47, and 5.6% above its 52-week low of $12.00. 21Vianet Group
Inc (NASDAQ:VNET) is the 13th most oversold U.S.-listed Chinese stock on Dec.
19. It was down 3.8% on the day. VNETs upside potential is 94.0% based on
brokerage analysts average target price of $17.89. It is trading at 41.3% of its
52-week high of $22.33, and 11.0% above its 52-week low of $8.31. VanceInfo
Technologies Inc.(ADR) (NYSE:VIT) is the 14th most oversold U.S.-listed Chinese
stock on Dec. 19. It was down 3.4% on the day. VITs upside potential is 118.5%
based on brokerage analysts average target price of $18.24. It is trading at
22.0% of its 52-week high of $37.99, and 34.9% above its 52-week low of $6.19.
Qihoo 360 Technology Co Ltd (NYSE:QIHU) is the 15th most oversold U.S.-listed
Chinese stock on Dec. 19. It was down 3.3% on the day. QIHUs upside potential is
101.4% based on brokerage analysts average target price of $34.07. It is trading
at 46.7% of its 52-week high of $36.21, and 18.3% above its 52-week low of
$14.30. CNOOC Limited (ADR) (NYSE:CEO) is the 16th most oversold U.S.-listed
Chinese stock on Dec. 19. It was down 3.2% on the day. CEOs upside potential is
28.9% based on brokerage analysts average target price of $221.93. It is trading
at 63.3% of its 52-week high of $271.94, and 21.9% above its 52-week low of
$141.27. Huaneng Power International, Inc. (ADR) (NYSE:HNP) is the 17th most
oversold U.S.-listed Chinese stock on Dec. 19. It was down 3.2% on the day. HNPs
upside potential is 14.6% based on brokerage analysts average target price of
$23.32. It is trading at 85.0% of its 52-week high of $23.94, and 31.7% above
its 52-week low of $15.45. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is
the 18th most oversold U.S.-listed Chinese stock on Dec. 19. It was down 3.2% on
the day. JASOs upside potential is 155.6% based on brokerage analysts average
target price of $3.14. It is trading at 14.4% of its 52-week high of $8.57, and
1.7% above its 52-week low of $1.21. Melco Crown Entertainment Ltd (ADR)
(NASDAQ:MPEL) is the 19th most oversold U.S.-listed Chinese stock on Dec. 19. It
was down 3.1% on the day. MPELs upside potential is 74.5% based on brokerage
analysts average target price of $15.37. It is trading at 54.6% of its 52-week
high of $16.15, and 44.4% above its 52-week low of $6.10. NetEase.com, Inc.
(ADR) (NASDAQ:NTES) is the 20th most oversold U.S.-listed Chinese stock on Dec.
19. It was down 3.1% on the day. NTESs upside potential is 24.0% based on
brokerage analysts average target price of $56.66. It is trading at 83.1% of its
52-week high of $55.00, and 29.8% above its 52-week low of $35.20.
Short Europe and BRICs, Buy Hershey for New Year
The past three presidential election years have been very hard on risky assets,
and two of them were completely brutal. The most recent was 2008, and if you
dont remember the global financial crisis that occurred that year, you were
either too young, drunk or in jail. The one before that, 2004, ended with a 9%
gain but was flat or down for three quarters of the span. And the one before
that, 2000, featured the bursting of the technology bubble, with the Nasdaq 100
collapsing by 40%. So its no wonder that I am looking at the coming election
year, 2012, with a jaundiced eye. My mostly skeptical outlook is not way out of
consensus, but most surveys show that the majority of investors are either
neutral or mildly bullish expecting a rebound from the 2011 quagmire as the
U.S. economy slowly recovers, the Europeans find a solution to their credit
troubles and emerging markets fulfill their destiny as growth engines that can
charge higher even if the West falters. To find consistent success as an
investor, it usually pays to have a variant perception. That is to say, a view
that is outside consensus by at least a stones throw which the consensus will
eventually arrive at. So in the current environment, it wont work to be neutral
or mildly bullish. You either need to be very positive, arguing that all the
pessimism of late is completely misguided and that stocks will roar forward over
the next year as the economy improves more than expected Or you need to be very
negative, arguing that the majority of investors do not yet recognize the world
of hurt that lies ahead and that stocks will be sold hard as earnings
deteriorate. My own view splits the difference a little. My research suggests
that the majority of investors underestimate the trouble that lies ahead for
Europe as it enters a deep
and two of them were completely brutal. The most recent was 2008, and if you
dont remember the global financial crisis that occurred that year, you were
either too young, drunk or in jail. The one before that, 2004, ended with a 9%
gain but was flat or down for three quarters of the span. And the one before
that, 2000, featured the bursting of the technology bubble, with the Nasdaq 100
collapsing by 40%. So its no wonder that I am looking at the coming election
year, 2012, with a jaundiced eye. My mostly skeptical outlook is not way out of
consensus, but most surveys show that the majority of investors are either
neutral or mildly bullish expecting a rebound from the 2011 quagmire as the
U.S. economy slowly recovers, the Europeans find a solution to their credit
troubles and emerging markets fulfill their destiny as growth engines that can
charge higher even if the West falters. To find consistent success as an
investor, it usually pays to have a variant perception. That is to say, a view
that is outside consensus by at least a stones throw which the consensus will
eventually arrive at. So in the current environment, it wont work to be neutral
or mildly bullish. You either need to be very positive, arguing that all the
pessimism of late is completely misguided and that stocks will roar forward over
the next year as the economy improves more than expected Or you need to be very
negative, arguing that the majority of investors do not yet recognize the world
of hurt that lies ahead and that stocks will be sold hard as earnings
deteriorate. My own view splits the difference a little. My research suggests
that the majority of investors underestimate the trouble that lies ahead for
Europe as it enters a deep
Stock Buybacks: An Investor’s Friend or Foe?
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace I'm betting you've reined in your spending during the recent economic recession and continuing uncertainty plaguing global economies. Our household certainly has! But even with the reduction in consumer spending in the past few years, it's a sad fact that most households have seen their net worth fall. According to the Federal Reserve, during the third quarter of this year, Americans saw their net worth decline about $2.4 trillion — primarily due to dropping values in our homes as well as in our investments. But on the corporate front, things are much brighter … As you've undoubtedly heard and read about, corporations have come out of the recession a lot better than households. They were smarter this time around — cutting costs very early, which has served them well. Corporate profits have been heading up for the past year and, according to Thomson Reuters, rose 17.9% in the third quarter. And instead of rushing out to spend that extra money, America's businesses have been hoarding their cash. Still rising — some 28% of assets now — corporate cash and equivalents stand at about $2.12 trillion, according to the Federal Reserve. Traditionally, companies use their cash in five ways: Cash reserves Product/business expansion Mergers and acquisitions Dividends Buybacks While they are keeping their cash reserves high, companies have been very timid at business expansion in the past couple of years. We are beginning to see more money flowing into R&D, and M&A is picking up. There’s been about $2.22 trillion in transactions so far this year — roughly the same as 2010, according to Bloomberg, but we have yet to see a barn-burning run to build business. Instead, companies in the S&P 500 Index have been putting their cash to use primarily in two ways: By increasing their dividends By rushing to buy back shares So far this year, companies in the index have increased their dividends by about 10%, which has been a nice bit of extra change to many investors. But the buyback trend is much more pervasive. In the second quarter of 2011, S&P 500 companies spent $109.2 billion buying back their shares — a rise of 21.6%, and the eighth consecutive quarterly increase in stock buybacks. Year-to-date, more than $454 billion in stock buybacks has been authorized — the most since the 2007 peak of repurchases, at $914 billion, according to Birinyi Associates. Companies buying back their shares this year include IBM (NYSE: IBM ), Pfizer (NYSE: PFE ), Dell (NASDAQ: DELL ), Disney (NYSE: DIS ), Lowe’s (NYSE: LOW ), Coca-Cola (NYSE: KO ), Goldman Sachs (NYSE: GS ), DuPont (NYSE: DD ), Navistar (NYSE: NAV ), Intel (NASDAQ: INTC ) and Amgen (NASDAQ: AMGN ). Even Warren Buffett's Berkshire Hathaway (NYSE: BRK.B , BRK.A ) has jumped on the bandwagon. Sounds good, doesn't it? After all, by reducing the number of shares outstanding, the earnings of a company are distributed among fewer shares, so earnings per share effectively rise. And investors love it when earnings increase — no matter the cause — and often reward a company by sending its shares higher. But astute investors need to look behind the scenes to determine if share buybacks are good for investors in the long run.
9 Reasons You Shouldn’t Bury Gold Just Yet
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Last week's 6% drop in gold prices triggered a global bloodbath that handed many investors their lunch and gobbled up any extra Christmas spending money. But despite the pain and suffering caused by the gold selloff, there still are a number of reasons to believe it is too early to write off gold completely. In fact, the recent selloff might offer an excellent buying opportunity. Click to Enlarge First, let us take a look at how gold performed last week: not good. Actual gold prices dropped approximately 6%, and gold ETFs such as the SPDR Gold Trust (NYSE: GLD ) and iShares Gold Trust (NYSE: IAU ) dropped in similar fashion. The chart illustrates this dramatic carnage. So, as gold flattens at the bottom of the ravine, I am here to speculate that it is simply too early to underestimate gold for the long term because structural and fundamental elements point to stronger gold prices ahead. Here are nine factors to consider: Federal Reserve Chairman Ben Bernanke & Co. stand ready with the printing presses if the U.S. economy slows or things blow up in Europe. Gold's decline last week was directly related to the Fed's inaction, and it's easy to foresee a scenario in early 2012 where the Fed would embark on QE3. A recession in Europe and a marked slowdown in China will most likely ripple onto our shores with slower domestic growth, and any action in this direction would be a boost to gold because the first choice of central bankers worldwide is to crank up their printing presses to stave off economic slowdown or collapse. A European collapse would have potentially far-reaching and disastrous implications. Things definitely are not going well for "Team Merkozy," and if the region doesn’t get its fiscal house in order to investors' liking, the entire euro zone could crumble and gold would become a "safe haven" as it usually does during times of financial stress and uncertainty. Watch for more action by the International Monetary Fund and the European Central Bank to save the euro, and this, too, should have positive implications for gold. The Congressional supercommittee couldn't even find a measly trillion dollars in cuts and so it's obvious that the U.S. Congress has no stomach for real and meaningful deficit reduction . This means that over the long term, the value of the U.S. dollar will likely continue to decline, which is bullish for gold. Sovereign nations around the world are becoming large buyers of gold. In the third quarter, central banks bought almost 150 metric tons of gold, up from last year's level of 22 metric tons. Central banks became net buyers of gold in 2009 after having been net sellers for almost 20 years. Central bank purchases came in seven times higher in Q3 than the previous year. Chinese demand for gold is increasing, both on the official level and in the form of jewelry, as Chinese jewelry purchases now exceed India's. Gold has had a number of 10%-plus corrections over the past 10 years; however, it has enjoyed 10 consecutive years of gains. December is a seasonal low, slow time for gold as commodity funds and hedge funds wind down for the year. Gold analysts at major banks like UBS, Goldman Sachs and Barclays Capital all forecast gold prices in the $1,800-$2,000 range for 2012. So, for now, gold is in a bear market and technical indicators remain negative. However, with central banks on the move, increasing demand from central banks and jewelry buyers, ongoing uncertainty in Europe and feeble attempts at deficit reduction at home, fundamentals point toward the likelihood that gold could gleam again. Disclaimer: Wall Street Sector Selector actively trades a wide range of exchange-traded funds, and positions can change at any time.
Gold Futures Dip, Silver Falls Below $29
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Precious metals futures settled lower on the COMEX on Monday in a continuation of recent weakness in the sector. COMEX gold futures, per the February 2012 contract, finished the session with a small loss of $1.20, or 0.1%, at $1,596.70 per ounce.
Analyst Actions on BIDU, SINA, ZNGA, AMZN, GOOG, GRPN, NFLX, LNKD, P, YHOO, YNDX (Dec. 19, 2011)
XCSFDHG46767FHJHJF
tdp2664 China Analyst Below are the latest analyst actions on the hottest stocks. Mirae Asset Securities maintains Buy rating and $199 price target on Baidu.com, Inc. (NASDAQ:BIDU). Deutsche Bank maintains Buy rating and $94.8 price target on SINA Corporation (NASDAQ:SINA). Cowen and Company initiates coverage of Zynga Inc. (NASDAQ:ZNGA) with Neutral rating. Stifel Nicolaus maintains Buy rating and $265 price target on Amazon.com, Inc. (NASDAQ:AMZN). Bank of America maintains Buy rating and $720 price objective on Google Inc. (NASDAQ:GOOG). Deutsche Bank maintains Hold rating and $21 price target on Groupon Inc (NASDAQ:GRPN). Lazard Capital Markets maintains Neutral rating on Netflix, Inc. (NASDAQ:NFLX). Canaccord Genuity initiates coverage of Linkedin Corporation (NYSE:LNKD) with Buy rating and $85 price target. Albert Fried maintains Market Perform rating on Pandora Media Inc (NYSE:P), and cuts price target from $14 to $12. Evercore Partners downgrades Yahoo! Inc. (NASDAQ:YHOO) from Overweight to Equal-Weight , with $18 price target. Piper Jaffray maintains Overweight rating and $36 price target on Yandex NV (NASDAQ:YNDX).
Bank of America Falls Below $5 — Monday’s IP Market Recap
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace It's been a year of bumpy roads for banking giant Bank of America (NYSE: BAC ), and Monday saw BofA stumble over another pothole. BofA shares sunk below $5 per share — $4.92 at one point — their lowest value in more than two years, since the depths of the financial crisis. Stocks that fall below $5 run certain dangers: Some mutual funds won't hold them, and some brokers won't allow investors to buy or short sub-$5 stocks on margin. However, the low point is merely a continuation of a yearlong trend that has seen BAC shares shed more than 60% of their value. Less than two months ago, shares were selling at less than $7 and some were calling that a floor, believing BofA to be a bargain. However, numerous business and financial problems — as well as the constant seesawing on Europe's daily headlines — meant the stock still was an enormous risk in the short term . Since that point, BAC shares have shed more than 25%, and BofA ended Monday down 4% at $4.99. Bank of America had plenty of friends to commiserate with Monday. Citigroup (NYSE: C , -4.65%), JPMorgan (NYSE: JPM , -3.73%), Goldman Sach s (NYSE: GS , -2.66%) and Wells Fargo (NYSE: WFC , -2.58%) all sold off in kind. Also later Monday, AT&T (NYSE: T ) announced it would end its nine-month-long bid for the No. 4 U.S. telecom, T-Mobile USA. The deal had run into opposition from the Federal Communications Commission and the Department of Justice in the past few months. AT&T will suffer a $4 billion pretax accounting charge for the fourth quarter because of the breakup, and T shares were sliding slightly in after-hours trading, down 0.5%. Social gaming company Zynga (NASDAQ: ZNGA ) continued to slide for the second trading day since its initial public offering . After ending Friday down 5% from its offering price of $10, it shed close to another 5%, ending Monday at $9.05. The company faces numerous doubts, among them the ability to recreate blockbuster games like FarmVille and Mafia Wars , which have seen monthly user numbers rapidly decline of late. Looking further and further away from going public is Twitter. On Monday, Saudi Prince Alwaleed bin Talal announced he bought a $300 million stake in the social networking company, adding Twitter to an investment portfolio that includes large holdings in Apple (NASDAQ: AAPL ), Citigroup and News Corp. (NASDAQ: NWSA ). Three Up VirnetX Holding (AMEX: VHC ): Up 17.7% ($3.76) to $25. LDK Solar (NYSE: LDK ): Up 11.24% (50 cents) to $4.95. Elan (NYSE: ELN ): Up 6.35% (75 cents) to $12.57. Three Down Eldorado Gold (AMEX: EGO ): Down 13.62% ($2.04) to $12.94. ( Read more about Eldorado here. ) Delta Air Lines (NYSE: DAL ): Down 5.65% (51 cents) to $8.51. General Motors (NYSE: GM ): Down 5.46% ($1.10) to $19.05. As of this writing, Kyle Woodley did not hold a position in any of the aforementioned stocks. Check out our list of previous IP Market Recaps .
Bank of America Falls Below $5 — Monday’s IP Market Recap
It's been a year of bumpy roads for banking giant Bank of America (NYSE: BAC
), and Monday saw BofA stumble over another pothole. BofA shares sunk below $5
per share $4.92 at one point their lowest value in more than two years, since
the depths of the financial crisis. Stocks that fall below $5 run certain
dangers: Some mutual funds won't hold them, and some brokers won't allow
investors to buy or short sub-$5 stocks on margin. However, the low point is
merely a continuation of a yearlong trend that has seen BAC shares shed more
than 60% of their value. Less than two months ago, shares were selling at less
than $7 and some were calling that a floor, believing BofA to be a bargain.
However, numerous business and financial problems as well as the constant
seesawing on Europe's daily headlines meant the stock still was an enormous
risk in the short term . Since that point, BAC shares have shed more than 25%,
and BofA ended Monday down 4% at $4.99. Bank of America had plenty of friends to
commiserate with Monday. Citigroup (NYSE: C , -4.65%), JPMorgan (NYSE: JPM ,
-3.73%), Goldman Sach s (NYSE: GS , -2.66%) and Wells Fargo (NYSE: WFC , -2.58%)
all sold off in kind. Also later Monday, AT&T (NYSE: T ) announced it would end
its nine-month-long bid for the No. 4 U.S. telecom, T-Mobile USA. The deal had
run into opposition from the Federal Communications Commission and the
Department of Justice in the past few months. AT&T will suffer a $4 billion
pretax accounting charge for the fourth quarter because of the breakup, and T
shares were sliding slightly in after-hours trading, down 0.5%. Social gaming
company Zynga (NASDAQ: ZNGA ) continued to slide for the second trading day
since its initial public offering . After ending Friday down 5% from its
offering price of $10, it shed close to another 5%, ending Monday at $9.05. The
company faces numerous doubts, among them the ability to recreate blockbuster
games like FarmVille and Mafia Wars , which have seen monthly user numbers
rapidly decline of late. Looking further and further away from going public is
Twitter. On Monday, Saudi Prince Alwaleed bin Talal announced he bought a $300
million stake in the social networking company, adding Twitter to an investment
portfolio that includes large holdings in Apple (NASDAQ: AAPL ), Citigroup and
News Corp. (NASDAQ: NWSA ). Three Up VirnetX Holding (AMEX: VHC ): Up 17.7%
($3.76) to $25. LDK Solar (NYSE: LDK ): Up 11.24% (50 cents) to $4.95. Elan
(NYSE: ELN ): Up 6.35% (75 cents) to $12.57. Three Down Eldorado Gold (AMEX: EGO
): Down 13.62% ($2.04) to $12.94. ( Read more about Eldorado here. ) Delta Air
Lines (NYSE: DAL ): Down 5.65% (51 cents) to $8.51. General Motors (NYSE: GM ):
Down 5.46% ($1.10) to $19.05. As of this writing, Kyle Woodley did not hold a
position in any of the aforementioned stocks. Check out our list of previous IP
Market Recaps .
), and Monday saw BofA stumble over another pothole. BofA shares sunk below $5
per share $4.92 at one point their lowest value in more than two years, since
the depths of the financial crisis. Stocks that fall below $5 run certain
dangers: Some mutual funds won't hold them, and some brokers won't allow
investors to buy or short sub-$5 stocks on margin. However, the low point is
merely a continuation of a yearlong trend that has seen BAC shares shed more
than 60% of their value. Less than two months ago, shares were selling at less
than $7 and some were calling that a floor, believing BofA to be a bargain.
However, numerous business and financial problems as well as the constant
seesawing on Europe's daily headlines meant the stock still was an enormous
risk in the short term . Since that point, BAC shares have shed more than 25%,
and BofA ended Monday down 4% at $4.99. Bank of America had plenty of friends to
commiserate with Monday. Citigroup (NYSE: C , -4.65%), JPMorgan (NYSE: JPM ,
-3.73%), Goldman Sach s (NYSE: GS , -2.66%) and Wells Fargo (NYSE: WFC , -2.58%)
all sold off in kind. Also later Monday, AT&T (NYSE: T ) announced it would end
its nine-month-long bid for the No. 4 U.S. telecom, T-Mobile USA. The deal had
run into opposition from the Federal Communications Commission and the
Department of Justice in the past few months. AT&T will suffer a $4 billion
pretax accounting charge for the fourth quarter because of the breakup, and T
shares were sliding slightly in after-hours trading, down 0.5%. Social gaming
company Zynga (NASDAQ: ZNGA ) continued to slide for the second trading day
since its initial public offering . After ending Friday down 5% from its
offering price of $10, it shed close to another 5%, ending Monday at $9.05. The
company faces numerous doubts, among them the ability to recreate blockbuster
games like FarmVille and Mafia Wars , which have seen monthly user numbers
rapidly decline of late. Looking further and further away from going public is
Twitter. On Monday, Saudi Prince Alwaleed bin Talal announced he bought a $300
million stake in the social networking company, adding Twitter to an investment
portfolio that includes large holdings in Apple (NASDAQ: AAPL ), Citigroup and
News Corp. (NASDAQ: NWSA ). Three Up VirnetX Holding (AMEX: VHC ): Up 17.7%
($3.76) to $25. LDK Solar (NYSE: LDK ): Up 11.24% (50 cents) to $4.95. Elan
(NYSE: ELN ): Up 6.35% (75 cents) to $12.57. Three Down Eldorado Gold (AMEX: EGO
): Down 13.62% ($2.04) to $12.94. ( Read more about Eldorado here. ) Delta Air
Lines (NYSE: DAL ): Down 5.65% (51 cents) to $8.51. General Motors (NYSE: GM ):
Down 5.46% ($1.10) to $19.05. As of this writing, Kyle Woodley did not hold a
position in any of the aforementioned stocks. Check out our list of previous IP
Market Recaps .
Monday Apple Rumors: Apple Getting Chatty About HDTV
Here are your Apple rumors and AAPL stock news items for Monday: Apple
Discussing HDTV Features With Television Executives: A Monday report in The Wall
Street Journal said Apple (NASDAQ: AAPL ) is on the move, making plans for its
HDTV release for 2012. Senior vice president Eddy Cue is among the executives
meeting with media companies to discuss the new televisions features , as well
as how it will recognize users through their other devices, like the iPhone and
iPad. According to sources familiar with the meetings, while Apple remained
vague on specific apps and other features, it has hinted at what the Apple HDTV
will do. First, the device will be controlled by voice and commands, not unlike
Microsoft s (NASDAQ: MSFT ) Kinect. Like the Apple TV set-top box, users will be
able to stream shows and movies from their handheld devices directly to the TV.
They also will be able to use their devices as remote controls. One new
potential feature is the ability to use iCloud as a DVR recording service. Whats
unclear, though, is whether digitally recorded television shows will only be
accessible on the TV, or if users can access their DVR content from mobile
devices. Siri-Controlled Wristwatch iPod in the Works: Slowly but surely, Apples
products are starting to make the present feel like a 1970s science-fiction TV
show. Not necessarily Star Trek , but at least Space: 1999 . The limitless
information accessible through the iPhone and iPad all consumed through a
shimmering, touchscreen interface certainly helps make the effect. According to
a Monday report in The New York Times , Apple is working on yet another tool
straight out of yesterdays pulps. Apple is said to be working on a curved-glass
iPod that would wrap around the wrist and be operated using voice commands
through Siri, the voice recognition assistant in the current iPhone. The article
said Google (NASDAQ: GOOG ) also is working on new devices that you wear on your
clothes or body that would let you communicate with your Android smartphone.
Google apparently has hired away staff from Apple and Nokia (NYSE: NOK ) to help
work on the technology. RIM Worth Less Than Apple App Store: These are dark
times for Research in Motion (NASDAQ: RIMM ). As of Monday morning, shares in
the smartphone maker were trading around $13, placing the companys market cap at
below $6.9 billion. As noted by writer Brian Hall, the Apple App Stores
estimated value is $7.08 billion . Just one facet of Apples mobile business is
worth more than RIMs entire operation now. As of this writing, Anthony John
Agnello did not own a position in any of the stocks named here. Follow him on
Twitter at
Discussing HDTV Features With Television Executives: A Monday report in The Wall
Street Journal said Apple (NASDAQ: AAPL ) is on the move, making plans for its
HDTV release for 2012. Senior vice president Eddy Cue is among the executives
meeting with media companies to discuss the new televisions features , as well
as how it will recognize users through their other devices, like the iPhone and
iPad. According to sources familiar with the meetings, while Apple remained
vague on specific apps and other features, it has hinted at what the Apple HDTV
will do. First, the device will be controlled by voice and commands, not unlike
Microsoft s (NASDAQ: MSFT ) Kinect. Like the Apple TV set-top box, users will be
able to stream shows and movies from their handheld devices directly to the TV.
They also will be able to use their devices as remote controls. One new
potential feature is the ability to use iCloud as a DVR recording service. Whats
unclear, though, is whether digitally recorded television shows will only be
accessible on the TV, or if users can access their DVR content from mobile
devices. Siri-Controlled Wristwatch iPod in the Works: Slowly but surely, Apples
products are starting to make the present feel like a 1970s science-fiction TV
show. Not necessarily Star Trek , but at least Space: 1999 . The limitless
information accessible through the iPhone and iPad all consumed through a
shimmering, touchscreen interface certainly helps make the effect. According to
a Monday report in The New York Times , Apple is working on yet another tool
straight out of yesterdays pulps. Apple is said to be working on a curved-glass
iPod that would wrap around the wrist and be operated using voice commands
through Siri, the voice recognition assistant in the current iPhone. The article
said Google (NASDAQ: GOOG ) also is working on new devices that you wear on your
clothes or body that would let you communicate with your Android smartphone.
Google apparently has hired away staff from Apple and Nokia (NYSE: NOK ) to help
work on the technology. RIM Worth Less Than Apple App Store: These are dark
times for Research in Motion (NASDAQ: RIMM ). As of Monday morning, shares in
the smartphone maker were trading around $13, placing the companys market cap at
below $6.9 billion. As noted by writer Brian Hall, the Apple App Stores
estimated value is $7.08 billion . Just one facet of Apples mobile business is
worth more than RIMs entire operation now. 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 Best-Rated NASDAQ-100 Stocks: ESRX, AAPL, GOOG, WCRX, ORCL, SNDK, VOD, BIDU, ATVI, QCOM (Dec 19, 2011)
Below are the top 10 best-rated stocks in the NASDAQ-100 index, based on the
percentage of positive ratings by brokerage analysts. One Chinese company (BIDU)
is on the list. Express Scripts, Inc. (NASDAQ:ESRX) is the first best-rated
stock in this segment of the market. It is rated positively by 92% of the 24
brokerage analysts covering it. Apple Inc. (NASDAQ:AAPL) is the second
best-rated stock in this segment of the market. It is rated positively by 91% of
the 53 brokerage analysts covering it. Google Inc. (NASDAQ:GOOG) is the third
best-rated stock in this segment of the market. It is rated positively by 87% of
the 39 brokerage analysts covering it. Warner Chilcott Plc (NASDAQ:WCRX) is the
fourth best-rated stock in this segment of the market. It is rated positively by
86% of the 21 brokerage analysts covering it. Oracle Corporation (NASDAQ:ORCL)
is the fifth best-rated stock in this segment of the market. It is rated
positively by 84% of the 44 brokerage analysts covering it. SanDisk Corporation
(NASDAQ:SNDK) is the sixth best-rated stock in this segment of the market. It is
rated positively by 84% of the 25 brokerage analysts covering it. Vodafone Group
Plc (ADR) (NASDAQ:VOD) is the seventh best-rated stock in this segment of the
market. It is rated positively by 83% of the 6 brokerage analysts covering it.
Baidu.com, Inc. (ADR) (NASDAQ:BIDU) is the eighth best-rated stock in this
segment of the market. It is rated positively by 83% of the 35 brokerage
analysts covering it. Activision Blizzard, Inc. (NASDAQ:ATVI) is the ninth
best-rated stock in this segment of the market. It is rated positively by 83% of
the 23 brokerage analysts covering it. QUALCOMM, Inc. (NASDAQ:QCOM) is the 10th
best-rated stock in this segment of the market. It is rated positively by 80% of
the 46 brokerage analysts covering it.
percentage of positive ratings by brokerage analysts. One Chinese company (BIDU)
is on the list. Express Scripts, Inc. (NASDAQ:ESRX) is the first best-rated
stock in this segment of the market. It is rated positively by 92% of the 24
brokerage analysts covering it. Apple Inc. (NASDAQ:AAPL) is the second
best-rated stock in this segment of the market. It is rated positively by 91% of
the 53 brokerage analysts covering it. Google Inc. (NASDAQ:GOOG) is the third
best-rated stock in this segment of the market. It is rated positively by 87% of
the 39 brokerage analysts covering it. Warner Chilcott Plc (NASDAQ:WCRX) is the
fourth best-rated stock in this segment of the market. It is rated positively by
86% of the 21 brokerage analysts covering it. Oracle Corporation (NASDAQ:ORCL)
is the fifth best-rated stock in this segment of the market. It is rated
positively by 84% of the 44 brokerage analysts covering it. SanDisk Corporation
(NASDAQ:SNDK) is the sixth best-rated stock in this segment of the market. It is
rated positively by 84% of the 25 brokerage analysts covering it. Vodafone Group
Plc (ADR) (NASDAQ:VOD) is the seventh best-rated stock in this segment of the
market. It is rated positively by 83% of the 6 brokerage analysts covering it.
Baidu.com, Inc. (ADR) (NASDAQ:BIDU) is the eighth best-rated stock in this
segment of the market. It is rated positively by 83% of the 35 brokerage
analysts covering it. Activision Blizzard, Inc. (NASDAQ:ATVI) is the ninth
best-rated stock in this segment of the market. It is rated positively by 83% of
the 23 brokerage analysts covering it. QUALCOMM, Inc. (NASDAQ:QCOM) is the 10th
best-rated stock in this segment of the market. It is rated positively by 80% of
the 46 brokerage analysts covering it.
Gold Futures Dip, Silver Falls Below $29
Precious metals futures settled lower on the COMEX on Monday in a continuation
of recent weakness in the sector. COMEX gold futures, per the February 2012
contract, finished the session with a small loss of $1.20, or 0.1%, at $1,596.70
per ounce.
of recent weakness in the sector. COMEX gold futures, per the February 2012
contract, finished the session with a small loss of $1.20, or 0.1%, at $1,596.70
per ounce.
3-Year Low in Gold Sentiment – a Bullish or Bearish Sign?
With gold futures oscillating around the $1,600 per ounce level on Monday, the
yellow metal is now 16.8% below its $1,923 all-time high reached on September
6th of this year.
yellow metal is now 16.8% below its $1,923 all-time high reached on September
6th of this year.
9 Reasons You Shouldn’t Bury Gold Just Yet
Last week's 6% drop in gold prices triggered a global bloodbath that handed
many investors their lunch and gobbled up any extra Christmas spending money.
But despite the pain and suffering caused by the gold selloff, there still are a
number of reasons to believe it is too early to write off gold completely. In
fact, the recent selloff might offer an excellent buying opportunity. Click to
Enlarge First, let us take a look at how gold performed last week: not good.
Actual gold prices dropped approximately 6%, and gold ETFs such as the SPDR Gold
Trust (NYSE: GLD ) and iShares Gold Trust (NYSE: IAU ) dropped in similar
fashion. The chart illustrates this dramatic carnage. So, as gold flattens at
the bottom of the ravine, I am here to speculate that it is simply too early to
underestimate gold for the long term because structural and fundamental elements
point to stronger gold prices ahead. Here are nine factors to consider: Federal
Reserve Chairman Ben Bernanke & Co. stand ready with the printing presses if the
U.S. economy slows or things blow up in Europe. Gold's decline last week was
directly related to the Fed's inaction, and it's easy to foresee a scenario
in early 2012 where the Fed would embark on QE3. A recession in Europe and a
marked slowdown in China will most likely ripple onto our shores with slower
domestic growth, and any action in this direction would be a boost to gold
because the first choice of central bankers worldwide is to crank up their
printing presses to stave off economic slowdown or collapse. A European collapse
would have potentially far-reaching and disastrous implications. Things
definitely are not going well for "Team Merkozy," and if the region doesnt
get its fiscal house in order to investors' liking, the entire euro zone could
crumble and gold would become a "safe haven" as it usually does during times
of financial stress and uncertainty. Watch for more action by the International
Monetary Fund and the European Central Bank to save the euro, and this, too,
should have positive implications for gold. The Congressional supercommittee
couldn't even find a measly trillion dollars in cuts and so it's obvious
that the U.S. Congress has no stomach for real and meaningful deficit reduction
. This means that over the long term, the value of the U.S. dollar will likely
continue to decline, which is bullish for gold. Sovereign nations around the
world are becoming large buyers of gold. In the third quarter, central banks
bought almost 150 metric tons of gold, up from last year's level of 22 metric
tons. Central banks became net buyers of gold in 2009 after having been net
sellers for almost 20 years. Central bank purchases came in seven times higher
in Q3 than the previous year. Chinese demand for gold is increasing, both on the
official level and in the form of jewelry, as Chinese jewelry purchases now
exceed India's. Gold has had a number of 10%-plus corrections over the past 10
years; however, it has enjoyed 10 consecutive years of gains. December is a
seasonal low, slow time for gold as commodity funds and hedge funds wind down
for the year. Gold analysts at major banks like UBS, Goldman Sachs and Barclays
Capital all forecast gold prices in the $1,800-$2,000 range for 2012. So, for
now, gold is in a bear market and technical indicators remain negative. However,
with central banks on the move, increasing demand from central banks and jewelry
buyers, ongoing uncertainty in Europe and feeble attempts at deficit reduction
at home, fundamentals point toward the likelihood that gold could gleam again.
Disclaimer: Wall Street Sector Selector actively trades a wide range of
exchange-traded funds, and positions can change at any time.
many investors their lunch and gobbled up any extra Christmas spending money.
But despite the pain and suffering caused by the gold selloff, there still are a
number of reasons to believe it is too early to write off gold completely. In
fact, the recent selloff might offer an excellent buying opportunity. Click to
Enlarge First, let us take a look at how gold performed last week: not good.
Actual gold prices dropped approximately 6%, and gold ETFs such as the SPDR Gold
Trust (NYSE: GLD ) and iShares Gold Trust (NYSE: IAU ) dropped in similar
fashion. The chart illustrates this dramatic carnage. So, as gold flattens at
the bottom of the ravine, I am here to speculate that it is simply too early to
underestimate gold for the long term because structural and fundamental elements
point to stronger gold prices ahead. Here are nine factors to consider: Federal
Reserve Chairman Ben Bernanke & Co. stand ready with the printing presses if the
U.S. economy slows or things blow up in Europe. Gold's decline last week was
directly related to the Fed's inaction, and it's easy to foresee a scenario
in early 2012 where the Fed would embark on QE3. A recession in Europe and a
marked slowdown in China will most likely ripple onto our shores with slower
domestic growth, and any action in this direction would be a boost to gold
because the first choice of central bankers worldwide is to crank up their
printing presses to stave off economic slowdown or collapse. A European collapse
would have potentially far-reaching and disastrous implications. Things
definitely are not going well for "Team Merkozy," and if the region doesnt
get its fiscal house in order to investors' liking, the entire euro zone could
crumble and gold would become a "safe haven" as it usually does during times
of financial stress and uncertainty. Watch for more action by the International
Monetary Fund and the European Central Bank to save the euro, and this, too,
should have positive implications for gold. The Congressional supercommittee
couldn't even find a measly trillion dollars in cuts and so it's obvious
that the U.S. Congress has no stomach for real and meaningful deficit reduction
. This means that over the long term, the value of the U.S. dollar will likely
continue to decline, which is bullish for gold. Sovereign nations around the
world are becoming large buyers of gold. In the third quarter, central banks
bought almost 150 metric tons of gold, up from last year's level of 22 metric
tons. Central banks became net buyers of gold in 2009 after having been net
sellers for almost 20 years. Central bank purchases came in seven times higher
in Q3 than the previous year. Chinese demand for gold is increasing, both on the
official level and in the form of jewelry, as Chinese jewelry purchases now
exceed India's. Gold has had a number of 10%-plus corrections over the past 10
years; however, it has enjoyed 10 consecutive years of gains. December is a
seasonal low, slow time for gold as commodity funds and hedge funds wind down
for the year. Gold analysts at major banks like UBS, Goldman Sachs and Barclays
Capital all forecast gold prices in the $1,800-$2,000 range for 2012. So, for
now, gold is in a bear market and technical indicators remain negative. However,
with central banks on the move, increasing demand from central banks and jewelry
buyers, ongoing uncertainty in Europe and feeble attempts at deficit reduction
at home, fundamentals point toward the likelihood that gold could gleam again.
Disclaimer: Wall Street Sector Selector actively trades a wide range of
exchange-traded funds, and positions can change at any time.
Stock Buybacks: An Investor’s Friend or Foe?
I'm betting you've reined in your spending during the recent economic
recession and continuing uncertainty plaguing global economies. Our household
certainly has! But even with the reduction in consumer spending in the past few
years, it's a sad fact that most households have seen their net worth fall.
According to the Federal Reserve, during the third quarter of this year,
Americans saw their net worth decline about $2.4 trillion primarily due to
dropping values in our homes as well as in our investments. But on the corporate
front, things are much brighter … As you've undoubtedly heard and read
about, corporations have come out of the recession a lot better than households.
They were smarter this time around cutting costs very early, which has served
them well. Corporate profits have been heading up for the past year and,
according to Thomson Reuters, rose 17.9% in the third quarter. And instead of
rushing out to spend that extra money, America's businesses have been hoarding
their cash. Still rising some 28% of assets now corporate cash and equivalents
stand at about $2.12 trillion, according to the Federal Reserve. Traditionally,
companies use their cash in five ways: Cash reserves Product/business expansion
Mergers and acquisitions Dividends Buybacks While they are keeping their cash
reserves high, companies have been very timid at business expansion in the past
couple of years. We are beginning to see more money flowing into R&D, and M&A is
picking up. Theres been about $2.22 trillion in transactions so far this year
roughly the same as 2010, according to Bloomberg, but we have yet to see a
barn-burning run to build business. Instead, companies in the S&P 500 Index have
been putting their cash to use primarily in two ways: By increasing their
dividends By rushing to buy back shares So far this year, companies in the index
have increased their dividends by about 10%, which has been a nice bit of extra
change to many investors. But the buyback trend is much more pervasive. In the
second quarter of 2011, S&P 500 companies spent $109.2 billion buying back their
shares a rise of 21.6%, and the eighth consecutive quarterly increase in stock
buybacks. Year-to-date, more than $454 billion in stock buybacks has been
authorized the most since the 2007 peak of repurchases, at $914 billion,
according to Birinyi Associates. Companies buying back their shares this year
include IBM (NYSE: IBM ), Pfizer (NYSE: PFE ), Dell (NASDAQ: DELL ), Disney
(NYSE: DIS ), Lowes (NYSE: LOW ), Coca-Cola (NYSE: KO ), Goldman Sachs (NYSE: GS
), DuPont (NYSE: DD ), Navistar (NYSE: NAV ), Intel (NASDAQ: INTC ) and Amgen
(NASDAQ: AMGN ). Even Warren Buffett's Berkshire Hathaway (NYSE: BRK.B , BRK.A
) has jumped on the bandwagon. Sounds good, doesn't it? After all, by reducing
the number of shares outstanding, the earnings of a company are distributed
among fewer shares, so earnings per share effectively rise. And investors love
it when earnings increase no matter the cause and often reward a company by
sending its shares higher. But astute investors need to look behind the scenes
to determine if share buybacks are good for investors in the long run.
recession and continuing uncertainty plaguing global economies. Our household
certainly has! But even with the reduction in consumer spending in the past few
years, it's a sad fact that most households have seen their net worth fall.
According to the Federal Reserve, during the third quarter of this year,
Americans saw their net worth decline about $2.4 trillion primarily due to
dropping values in our homes as well as in our investments. But on the corporate
front, things are much brighter … As you've undoubtedly heard and read
about, corporations have come out of the recession a lot better than households.
They were smarter this time around cutting costs very early, which has served
them well. Corporate profits have been heading up for the past year and,
according to Thomson Reuters, rose 17.9% in the third quarter. And instead of
rushing out to spend that extra money, America's businesses have been hoarding
their cash. Still rising some 28% of assets now corporate cash and equivalents
stand at about $2.12 trillion, according to the Federal Reserve. Traditionally,
companies use their cash in five ways: Cash reserves Product/business expansion
Mergers and acquisitions Dividends Buybacks While they are keeping their cash
reserves high, companies have been very timid at business expansion in the past
couple of years. We are beginning to see more money flowing into R&D, and M&A is
picking up. Theres been about $2.22 trillion in transactions so far this year
roughly the same as 2010, according to Bloomberg, but we have yet to see a
barn-burning run to build business. Instead, companies in the S&P 500 Index have
been putting their cash to use primarily in two ways: By increasing their
dividends By rushing to buy back shares So far this year, companies in the index
have increased their dividends by about 10%, which has been a nice bit of extra
change to many investors. But the buyback trend is much more pervasive. In the
second quarter of 2011, S&P 500 companies spent $109.2 billion buying back their
shares a rise of 21.6%, and the eighth consecutive quarterly increase in stock
buybacks. Year-to-date, more than $454 billion in stock buybacks has been
authorized the most since the 2007 peak of repurchases, at $914 billion,
according to Birinyi Associates. Companies buying back their shares this year
include IBM (NYSE: IBM ), Pfizer (NYSE: PFE ), Dell (NASDAQ: DELL ), Disney
(NYSE: DIS ), Lowes (NYSE: LOW ), Coca-Cola (NYSE: KO ), Goldman Sachs (NYSE: GS
), DuPont (NYSE: DD ), Navistar (NYSE: NAV ), Intel (NASDAQ: INTC ) and Amgen
(NASDAQ: AMGN ). Even Warren Buffett's Berkshire Hathaway (NYSE: BRK.B , BRK.A
) has jumped on the bandwagon. Sounds good, doesn't it? After all, by reducing
the number of shares outstanding, the earnings of a company are distributed
among fewer shares, so earnings per share effectively rise. And investors love
it when earnings increase no matter the cause and often reward a company by
sending its shares higher. But astute investors need to look behind the scenes
to determine if share buybacks are good for investors in the long run.
Analyst Actions on BIDU, SINA, ZNGA, AMZN, GOOG, GRPN, NFLX, LNKD, P, YHOO, YNDX (Dec. 19, 2011)
Below are the latest analyst actions on the hottest stocks. Mirae Asset
Securities maintains Buy rating and $199 price target on Baidu.com, Inc.
(NASDAQ:BIDU). Deutsche Bank maintains Buy rating and $94.8 price target on SINA
Corporation (NASDAQ:SINA). Cowen and Company initiates coverage of Zynga Inc.
(NASDAQ:ZNGA) with Neutral rating. Stifel Nicolaus maintains Buy rating and $265
price target on Amazon.com, Inc. (NASDAQ:AMZN). Bank of America maintains Buy
rating and $720 price objective on Google Inc. (NASDAQ:GOOG). Deutsche Bank
maintains Hold rating and $21 price target on Groupon Inc (NASDAQ:GRPN). Lazard
Capital Markets maintains Neutral rating on Netflix, Inc. (NASDAQ:NFLX).
Canaccord Genuity initiates coverage of Linkedin Corporation (NYSE:LNKD) with
Buy rating and $85 price target. Albert Fried maintains Market Perform rating on
Pandora Media Inc (NYSE:P), and cuts price target from $14 to $12. Evercore
Partners downgrades Yahoo! Inc. (NASDAQ:YHOO) from Overweight to Equal-Weight ,
with $18 price target. Piper Jaffray maintains Overweight rating and $36 price
target on Yandex NV (NASDAQ:YNDX).
Securities maintains Buy rating and $199 price target on Baidu.com, Inc.
(NASDAQ:BIDU). Deutsche Bank maintains Buy rating and $94.8 price target on SINA
Corporation (NASDAQ:SINA). Cowen and Company initiates coverage of Zynga Inc.
(NASDAQ:ZNGA) with Neutral rating. Stifel Nicolaus maintains Buy rating and $265
price target on Amazon.com, Inc. (NASDAQ:AMZN). Bank of America maintains Buy
rating and $720 price objective on Google Inc. (NASDAQ:GOOG). Deutsche Bank
maintains Hold rating and $21 price target on Groupon Inc (NASDAQ:GRPN). Lazard
Capital Markets maintains Neutral rating on Netflix, Inc. (NASDAQ:NFLX).
Canaccord Genuity initiates coverage of Linkedin Corporation (NYSE:LNKD) with
Buy rating and $85 price target. Albert Fried maintains Market Perform rating on
Pandora Media Inc (NYSE:P), and cuts price target from $14 to $12. Evercore
Partners downgrades Yahoo! Inc. (NASDAQ:YHOO) from Overweight to Equal-Weight ,
with $18 price target. Piper Jaffray maintains Overweight rating and $36 price
target on Yandex NV (NASDAQ:YNDX).
Google Inc. (NASDAQ:GOOG) Hit By BT Lawsuit
Google Inc. (NASDAQ:GOOG) is facing a lawsuit over its Android operating system
by British Telecom. Google Inc. (NASDAQ:GOOG) Hit By BT Lawsuit British Telecom
has sued Google Inc. (NASDAQ:GOOG) in the US District Court, claiming that the
company's services have violated patent laws. British Telecom said that Google
Search, Google+, Google Maps, Android Market and Google Offers infringe on a
variety of patents and demanded damages and an injunction. Google Inc.
(NASDAQ:GOOG) has denied the accusations. Google Inc. (NASDAQ:GOOG) said in a
statement, "We believe these claims are without merit, and we will defend
vigorously against them". Google Inc. (NASDAQ:GOOG) stocks are currently
standing at 625.96. Price History Last Price: 625.96 52 Week Low / High: 473.02
/ 642.96 50 Day Moving Average: 594.57 6 Month Price Change %: 29.1% 12 Month
Price Change %: 5.8%
by British Telecom. Google Inc. (NASDAQ:GOOG) Hit By BT Lawsuit British Telecom
has sued Google Inc. (NASDAQ:GOOG) in the US District Court, claiming that the
company's services have violated patent laws. British Telecom said that Google
Search, Google+, Google Maps, Android Market and Google Offers infringe on a
variety of patents and demanded damages and an injunction. Google Inc.
(NASDAQ:GOOG) has denied the accusations. Google Inc. (NASDAQ:GOOG) said in a
statement, "We believe these claims are without merit, and we will defend
vigorously against them". Google Inc. (NASDAQ:GOOG) stocks are currently
standing at 625.96. Price History Last Price: 625.96 52 Week Low / High: 473.02
/ 642.96 50 Day Moving Average: 594.57 6 Month Price Change %: 29.1% 12 Month
Price Change %: 5.8%
Top 10 Fastest-Growing Media Stocks: RENT, BONA, IMAX, NWSA, ROVI, DLB, VIAB, TWX, DIS, MHP (Dec 19, 2011)
Below are the top 10 fastest-growing Media stocks, based on the average
long-term earnings growth rate estimated by Wall Street analysts. One Chinese
company (BONA) is on the list. Rentrak Corporation (NASDAQ:RENT) is the first
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 62.3%. This number is based on the average estimate of
3 brokerage analysts. Bona Film Group Ltd (ADR) (NASDAQ:BONA) is the second
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 50.4%. This number is based on the average estimate of
3 brokerage analysts. IMAX Corporation (USA) (NYSE:IMAX) is the third
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 28.8%. This number is based on the average estimate of
4 brokerage analysts. News Corp (NASDAQ:NWSA) is the fourth fastest-growing
stock in this segment of the market. Its long-term annual EPS growth is expected
to be 19.5%. This number is based on the average estimate of 9 brokerage
analysts. Rovi Corporation (NASDAQ:ROVI) is the fifth fastest-growing stock in
this segment of the market. Its long-term annual EPS growth is expected to be
18.2%. This number is based on the average estimate of 6 brokerage analysts.
Dolby Laboratories, Inc. (NYSE:DLB) is the sixth fastest-growing stock in this
segment of the market. Its long-term annual EPS growth is expected to be 15.4%.
This number is based on the average estimate of 5 brokerage analysts. Viacom,
Inc. (NASDAQ:VIAB) is the seventh fastest-growing stock in this segment of the
market. Its long-term annual EPS growth is expected to be 15.4%. This number is
based on the average estimate of 15 brokerage analysts. Time Warner Inc.
(NYSE:TWX) is the eighth fastest-growing stock in this segment of the market.
Its long-term annual EPS growth is expected to be 14.0%. This number is based on
the average estimate of 14 brokerage analysts. The Walt Disney Company
(NYSE:DIS) is the ninth fastest-growing stock in this segment of the market. Its
long-term annual EPS growth is expected to be 13.6%. This number is based on the
average estimate of 14 brokerage analysts. The McGraw-Hill Companies, Inc.
(NYSE:MHP) is the 10th fastest-growing stock in this segment of the market. Its
long-term annual EPS growth is expected to be 11.0%. This number is based on the
average estimate of 4 brokerage analysts.
long-term earnings growth rate estimated by Wall Street analysts. One Chinese
company (BONA) is on the list. Rentrak Corporation (NASDAQ:RENT) is the first
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 62.3%. This number is based on the average estimate of
3 brokerage analysts. Bona Film Group Ltd (ADR) (NASDAQ:BONA) is the second
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 50.4%. This number is based on the average estimate of
3 brokerage analysts. IMAX Corporation (USA) (NYSE:IMAX) is the third
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 28.8%. This number is based on the average estimate of
4 brokerage analysts. News Corp (NASDAQ:NWSA) is the fourth fastest-growing
stock in this segment of the market. Its long-term annual EPS growth is expected
to be 19.5%. This number is based on the average estimate of 9 brokerage
analysts. Rovi Corporation (NASDAQ:ROVI) is the fifth fastest-growing stock in
this segment of the market. Its long-term annual EPS growth is expected to be
18.2%. This number is based on the average estimate of 6 brokerage analysts.
Dolby Laboratories, Inc. (NYSE:DLB) is the sixth fastest-growing stock in this
segment of the market. Its long-term annual EPS growth is expected to be 15.4%.
This number is based on the average estimate of 5 brokerage analysts. Viacom,
Inc. (NASDAQ:VIAB) is the seventh fastest-growing stock in this segment of the
market. Its long-term annual EPS growth is expected to be 15.4%. This number is
based on the average estimate of 15 brokerage analysts. Time Warner Inc.
(NYSE:TWX) is the eighth fastest-growing stock in this segment of the market.
Its long-term annual EPS growth is expected to be 14.0%. This number is based on
the average estimate of 14 brokerage analysts. The Walt Disney Company
(NYSE:DIS) is the ninth fastest-growing stock in this segment of the market. Its
long-term annual EPS growth is expected to be 13.6%. This number is based on the
average estimate of 14 brokerage analysts. The McGraw-Hill Companies, Inc.
(NYSE:MHP) is the 10th fastest-growing stock in this segment of the market. Its
long-term annual EPS growth is expected to be 11.0%. This number is based on the
average estimate of 4 brokerage analysts.
Todays Dow Jones Industrial Average DJIA, Nasdaq, S&P 500 Stock Market Investing Money News Mid-Day Today
The primary indicators in the Asian marketplace closed in the red today. The
Nikkei dropped 1.26 percent. The Hang Seng fell by 1.18 percent and the Shanghai
Composite dropped lower by .30 percent. The news of Kim Jong lls death rattled
the market place in the east and indices were pressured lower. This news will
add additional negative weight to the global marketplace today. The death of the
North Korean leader could mean less stability in the Korea area. This news,
paired with the ongoing instability stemming from the eurozone debt crisis,
should pull global indices today. European markets were tracking higher early
however and prior to opening bell in the U.S., stocks were positioned for the
stronger opening to the week. Futures for the Dow Jones Industrial Average
posted green, as did futures for the Nasdaq and the S&P 500. Trading volume will
be lower today and through the end of the holiday season in the U.S. The lower
trade volume means that trend-lines could be more susceptible to global news
fluctuations. Investors will observe trends closely today to see if the
additional news from Asia increases volatility. As the trading session in the
U.S. reached the mid-day mark today, the primary indices were posting red. The
DJIA was red by. 44 percent at 11813.90. The Nasdaq was red by. 42 percent at
2544.69 and the S&P 500 was red by. 64 percent at 1211.81. Primary indicators in
the eurozone finished the day mixed. Frank Matto
Nikkei dropped 1.26 percent. The Hang Seng fell by 1.18 percent and the Shanghai
Composite dropped lower by .30 percent. The news of Kim Jong lls death rattled
the market place in the east and indices were pressured lower. This news will
add additional negative weight to the global marketplace today. The death of the
North Korean leader could mean less stability in the Korea area. This news,
paired with the ongoing instability stemming from the eurozone debt crisis,
should pull global indices today. European markets were tracking higher early
however and prior to opening bell in the U.S., stocks were positioned for the
stronger opening to the week. Futures for the Dow Jones Industrial Average
posted green, as did futures for the Nasdaq and the S&P 500. Trading volume will
be lower today and through the end of the holiday season in the U.S. The lower
trade volume means that trend-lines could be more susceptible to global news
fluctuations. Investors will observe trends closely today to see if the
additional news from Asia increases volatility. As the trading session in the
U.S. reached the mid-day mark today, the primary indices were posting red. The
DJIA was red by. 44 percent at 11813.90. The Nasdaq was red by. 42 percent at
2544.69 and the S&P 500 was red by. 64 percent at 1211.81. Primary indicators in
the eurozone finished the day mixed. Frank Matto
Todays Gold Price per ounce Spot gold price per gram; Silver price per ounce spot silver price per ounce; Mid-Day News
Gold and silver price trend challenges should continue this week. The two
precious metals are posting price trend-lines that slope negatively at this
point according to one week and one month change analysis. Investors will
observe the eurozone closely this week as there is above average speculation
that Standard & Poors will move to downgrade governments in the area. 15 members
that share the euro are being evaluated and as a result, the euro currency could
experience negative ramifications. The euro dropped below a key level last week
versus the U.S. dollar. It dropped below the 1.30 mark during last trading week.
The euro pressure could also pressure precious metal gold and silver
acquisitions. As the trading session reached the mid-day mark in the U.S. today,
precious metal gold and silver contract prices were posting in the red. Gold
contract for Feb. Delivery posted red by. 26 percent at 1593.80 per troy ounce.
Silver contract for March delivery was posting red by 2.87 percent with an
electronic price of 28.82 per troy ounce. Spot gold and spot silver price
trend-lines were negative at midday as well. Spot gold price per gram was
negative by .17 at 51.13 and spot silver price per ounce was negative by. 79 at
28.82 at mid-day. Camillo Zucari
precious metals are posting price trend-lines that slope negatively at this
point according to one week and one month change analysis. Investors will
observe the eurozone closely this week as there is above average speculation
that Standard & Poors will move to downgrade governments in the area. 15 members
that share the euro are being evaluated and as a result, the euro currency could
experience negative ramifications. The euro dropped below a key level last week
versus the U.S. dollar. It dropped below the 1.30 mark during last trading week.
The euro pressure could also pressure precious metal gold and silver
acquisitions. As the trading session reached the mid-day mark in the U.S. today,
precious metal gold and silver contract prices were posting in the red. Gold
contract for Feb. Delivery posted red by. 26 percent at 1593.80 per troy ounce.
Silver contract for March delivery was posting red by 2.87 percent with an
electronic price of 28.82 per troy ounce. Spot gold and spot silver price
trend-lines were negative at midday as well. Spot gold price per gram was
negative by .17 at 51.13 and spot silver price per ounce was negative by. 79 at
28.82 at mid-day. Camillo Zucari
November’s Retail Report Is Better Than It Looks
Retail sales numbers for November disappointed those who were expecting more,
but while the headlines focused on the month's relatively paltry increase the
lowest since June sales in both September and October were revised higher. So,
the November slowdown was not as bad as you might have thought if you looked
only at the large print. FedEx s (NYSE: FDX ) report of a jump in profits and
traffic puts the lie to the notion that the consumer is holding back. When FedEx
ships by ground and by air, its the consumer that is driving demand for these
services. The U.S. Postal Service may be in trouble, but FedEx isnt. The stock,
a top holding for both Vanguard Capital Opportunity (MUTF: VHCOX ) and Vanguard
PRIMECAP (MUTF: VPMCX ), was up about 8% last Thursday. Both funds could use the
pickup, as another holding that the managers have staked a pretty big claim to,
Research In Motion (NASDAQ: RIMM ), is not doing too well. Of course, the worse
the stock does, the less of an impact it has on the funds portfolios. Still, all
the PRIMECAP-run funds are, atypically, lagging in the stock market for the
year. Whether the consumer has pulled back a bit or not, the fact remains that
U.S. households continue to clean up or at least reduce their debt. One measure
is something called the household debt service ratio, which measures the amount
of disposable income necessary to service the debt on personal balanced sheets.
The number has been declining steadily since peaking in late 2007, just as the
stock market was peaking. Its now down to levels last seen in the mid-90s. Thats
significant and noteworthy. While some of the decline may be due to the fact
that some homeowners have simply walked away from their debts and by that I
mean their mortgages the fact is that the consumer is, one way or another,
getting his or her act together.
but while the headlines focused on the month's relatively paltry increase the
lowest since June sales in both September and October were revised higher. So,
the November slowdown was not as bad as you might have thought if you looked
only at the large print. FedEx s (NYSE: FDX ) report of a jump in profits and
traffic puts the lie to the notion that the consumer is holding back. When FedEx
ships by ground and by air, its the consumer that is driving demand for these
services. The U.S. Postal Service may be in trouble, but FedEx isnt. The stock,
a top holding for both Vanguard Capital Opportunity (MUTF: VHCOX ) and Vanguard
PRIMECAP (MUTF: VPMCX ), was up about 8% last Thursday. Both funds could use the
pickup, as another holding that the managers have staked a pretty big claim to,
Research In Motion (NASDAQ: RIMM ), is not doing too well. Of course, the worse
the stock does, the less of an impact it has on the funds portfolios. Still, all
the PRIMECAP-run funds are, atypically, lagging in the stock market for the
year. Whether the consumer has pulled back a bit or not, the fact remains that
U.S. households continue to clean up or at least reduce their debt. One measure
is something called the household debt service ratio, which measures the amount
of disposable income necessary to service the debt on personal balanced sheets.
The number has been declining steadily since peaking in late 2007, just as the
stock market was peaking. Its now down to levels last seen in the mid-90s. Thats
significant and noteworthy. While some of the decline may be due to the fact
that some homeowners have simply walked away from their debts and by that I
mean their mortgages the fact is that the consumer is, one way or another,
getting his or her act together.
Gold Flat, Silver Sliding in Monday Trading
With less than a week to go before the Christmas and year-end holidays, gold
was moving between smallish gains and losses Monday morning, and silver was down
sharply early Monday as U.S. home builder confidence rose for the third
consecutive month, bringing the HMI to its highest level since May 2010,
according to the December NAHB/Wells Fargo Housing Market Index. Europes credit
crunch continues to ripple outward, straining Eastern European economies, which
might need to draw on existing IMF credit facilities to balance ongoing
withdrawals from Western banks, according to a Bloomberg report. Meanwhile,
European bond market participants are re-jiggering their portfolios to reflect
the latest changes in the collateral that the European Central Bank is willing
to accept as security against short-term bank loans. Spains two-year bonds had a
strong bid, rising for the seventh consecutive day. Spot gold was down nearly
0.5% at 10:55 a.m., with a bid price of $1,591.60 per ounce and an ask price of
$1,592.60, having traded as high as $1,608 and as low as $1,588.40. The London
afternoon reference price fix came in at $1,598, according to Kitco market data
. Spot silver was down more than 2.6%, bid at $28.95 per ounce with an ask price
of $29.05. The morning high as of time of writing was $29.42, and the low was
$28.78. Mondays reference price was set at $28.78 in the London a.m., down a
buck from last Fridays reference price fixing. Gold bullion prices had rallied
0.5% to $1,607 an ounce by lunchtime in London, while silver bullion prices rose
to $29.36 just prior to the New York markets open but they still were down 1.2%
from last weeks close, according to BullionVaults London Gold Market Report .
Gold bullion will drop below $1,500 per ounce, according to a Reuters poll of 20
hedge fund managers, economists and traders. Youre looking at Euro weakness,
rather than anything else, as the driving force behind the sell-off (in gold
bullion last week), said David Jollie, analyst at Mitsui Precious Metals.
Whatever your (longer-term) view, you have to ask what the chances are of making
money by the end of the year that says to a lot of people that this is not a
market to get longer in. Vancouvers Eldorado Gold (NYSE: EGO ) agreed to buy
European Gold Fields for about $2.4 billion in cash and shares, a 10% premium to
EGFs closing price on Dec. 16, and 31% higher than its share price on Dec. 5,
when EGF announced that it had received offers, according to Bloomberg . EGO
shares were down about 10.5% on the news, while Toronto Stock Exchange-listed
European Gold Fields shares were down around 1%. In exchange trading, gold
trusts were lower, and the iShares Silver Trust (NYSE: SLV ) was sharply lower.
The SPDR Gold Trust (NYSE: GLD ) was showing losses of around 0.25%. The iShares
Gold Trust (NYSE: IAU ) was down about 0.3%. The iShares Silver Trust (NYSE: SLV
) was nearly 2.7% lower. Gold and silver mining ETFs were showing losses of more
than 1%. The Market Vectors Gold Miners ETF (NYSE: GDX ) was moving sharply
lower, down nearly 1.6%. The Market Vectors Junior Gold Miners ETF (NYSE: GDXJ )
was down about 1.4%. The Global X Silver Miners ETF (NYSE: SIL ) was down nearly
1.2%. Gold mining shares were moving lower across the board to varying degrees.
Agnico-Eagle Mines (NYSE: AEM ) was showing losses of nearly 0.5%. Barrick Gold
Corp. (NYSE: ABX ) was down less than 0.1%. Goldcorp (NYSE: GG ) was showing
losses of more than 2%. Newmont Mining Corp. (NYSE: NEM ) was nearly 0.5% lower.
NovaGold Resources (AMEX: NG ) was between 2.6% and 2.9% lower. Silver mining
shares also were sustaining losses. Coeur dAlene Mines Corp. (NYSE: CDE ) was
moving lower, down nearly 1.9%. Hecla Mining (NYSE: HL ) was down more than
2.5%. Pan American Silver Corp. (NASDAQ: PAAS ) was nearly 1% lower. Silver
Wheaton Corp. (NYSE: SLW ) was showing losses of about 1.8%. Silver Standard
Resources Inc. (NASDAQ: SSRI ) was down more than 3.5%. As of this writing,
Andrew Burger did not hold a position in any of the aforementioned securities.
was moving between smallish gains and losses Monday morning, and silver was down
sharply early Monday as U.S. home builder confidence rose for the third
consecutive month, bringing the HMI to its highest level since May 2010,
according to the December NAHB/Wells Fargo Housing Market Index. Europes credit
crunch continues to ripple outward, straining Eastern European economies, which
might need to draw on existing IMF credit facilities to balance ongoing
withdrawals from Western banks, according to a Bloomberg report. Meanwhile,
European bond market participants are re-jiggering their portfolios to reflect
the latest changes in the collateral that the European Central Bank is willing
to accept as security against short-term bank loans. Spains two-year bonds had a
strong bid, rising for the seventh consecutive day. Spot gold was down nearly
0.5% at 10:55 a.m., with a bid price of $1,591.60 per ounce and an ask price of
$1,592.60, having traded as high as $1,608 and as low as $1,588.40. The London
afternoon reference price fix came in at $1,598, according to Kitco market data
. Spot silver was down more than 2.6%, bid at $28.95 per ounce with an ask price
of $29.05. The morning high as of time of writing was $29.42, and the low was
$28.78. Mondays reference price was set at $28.78 in the London a.m., down a
buck from last Fridays reference price fixing. Gold bullion prices had rallied
0.5% to $1,607 an ounce by lunchtime in London, while silver bullion prices rose
to $29.36 just prior to the New York markets open but they still were down 1.2%
from last weeks close, according to BullionVaults London Gold Market Report .
Gold bullion will drop below $1,500 per ounce, according to a Reuters poll of 20
hedge fund managers, economists and traders. Youre looking at Euro weakness,
rather than anything else, as the driving force behind the sell-off (in gold
bullion last week), said David Jollie, analyst at Mitsui Precious Metals.
Whatever your (longer-term) view, you have to ask what the chances are of making
money by the end of the year that says to a lot of people that this is not a
market to get longer in. Vancouvers Eldorado Gold (NYSE: EGO ) agreed to buy
European Gold Fields for about $2.4 billion in cash and shares, a 10% premium to
EGFs closing price on Dec. 16, and 31% higher than its share price on Dec. 5,
when EGF announced that it had received offers, according to Bloomberg . EGO
shares were down about 10.5% on the news, while Toronto Stock Exchange-listed
European Gold Fields shares were down around 1%. In exchange trading, gold
trusts were lower, and the iShares Silver Trust (NYSE: SLV ) was sharply lower.
The SPDR Gold Trust (NYSE: GLD ) was showing losses of around 0.25%. The iShares
Gold Trust (NYSE: IAU ) was down about 0.3%. The iShares Silver Trust (NYSE: SLV
) was nearly 2.7% lower. Gold and silver mining ETFs were showing losses of more
than 1%. The Market Vectors Gold Miners ETF (NYSE: GDX ) was moving sharply
lower, down nearly 1.6%. The Market Vectors Junior Gold Miners ETF (NYSE: GDXJ )
was down about 1.4%. The Global X Silver Miners ETF (NYSE: SIL ) was down nearly
1.2%. Gold mining shares were moving lower across the board to varying degrees.
Agnico-Eagle Mines (NYSE: AEM ) was showing losses of nearly 0.5%. Barrick Gold
Corp. (NYSE: ABX ) was down less than 0.1%. Goldcorp (NYSE: GG ) was showing
losses of more than 2%. Newmont Mining Corp. (NYSE: NEM ) was nearly 0.5% lower.
NovaGold Resources (AMEX: NG ) was between 2.6% and 2.9% lower. Silver mining
shares also were sustaining losses. Coeur dAlene Mines Corp. (NYSE: CDE ) was
moving lower, down nearly 1.9%. Hecla Mining (NYSE: HL ) was down more than
2.5%. Pan American Silver Corp. (NASDAQ: PAAS ) was nearly 1% lower. Silver
Wheaton Corp. (NYSE: SLW ) was showing losses of about 1.8%. Silver Standard
Resources Inc. (NASDAQ: SSRI ) was down more than 3.5%. As of this writing,
Andrew Burger did not hold a position in any of the aforementioned securities.
Eldorado Gold (EGO) to Buy European Goldfields (EGU.TSX) for C$2.5 Billion
In the latest instance of merger and acquisition activity in the gold stocks
sector, Eldorado Gold (ELD.TSX, NYSE: EGO) announced on Sunday that it entered
into a friendly agreement to acquire European Goldfields (EGU.TSX) for C$2.5
billion.
sector, Eldorado Gold (ELD.TSX, NYSE: EGO) announced on Sunday that it entered
into a friendly agreement to acquire European Goldfields (EGU.TSX) for C$2.5
billion.
Don’t Lose Sleep Over the Euro’s Decline
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tdp2664 InvestorPlace The currency markets are giving European policymakers a vote of no confidence in their handling of the euro zone’s sovereign debt crisis, but it’s likely only a temporary verdict — and one that has little implication for investors in U.S. stocks. The euro has been generating hyperventilating headlines recently, ever since it broke below the psychologically significant $1.30 level against the U.S. dollar — a 13% drop from its May peak. Although it’s true that a declining euro helps lift the dollar, and that a strong dollar generally has been bad for equities since the Great Recession began, the latest plunge in the common currency generates more light than heat when it comes to American equity portfolios. For one thing, the value of the euro always has been a rather poor indicator of economic stress in the 17-member zone, as well as the wider European Union, the world’s largest economy. Furthermore, the correlation between a weak dollar and a strong stock market hasn’t been all that pronounced for some time. But most importantly, currency movements over the longer term will depend on how central banks in the U.S., China, Europe and Japan react to any global economic slowdown, notes Mike Shedlock of Sitka Pacific Capital Management. Not short-term, year-end positioning by currency jockeys on institutional trading desks. Take a step back and you’ll see that there’s been something of a decoupling between the stock market and the dollar in 2011. Not only has the old correlation between the asset classes weakened, but the equity market has been far more volatile than the greenback this year. The S&P 500 was up as much as 11% for the year-to-date at the end of April — and off nearly 13% by the beginning of October. That’s a swing of almost 25 percentage points. By contrast, the U.S. Dollar Index, which measures the greenback against a trade-weighted basket of six other currencies, is up about 2% on the year and has traded in a much narrower range of just about 10 percentage points. Click to Enlarge And as for the euro? Well, it has been remarkably volatile for a long time — and a lousy proxy for the economic fortunes of the continent. True, the common currency has bounced all over the place, but it hasn’t really gone anywhere in five years. For all the recent hand-wringing, the euro, since its inception, has averaged about $1.20. It briefly broke through that level when the euro zone’s sovereign debt crisis initially flared up (recall that plenty of pundits at the time expected the euro to reach parity with the dollar right quick), and yet the currency recovered. Indeed, today’s euro level of about $1.30 — more than 10 cents higher than its bear-market low — make the currency market’s outlook appear almost optimistic compared with the panic back then. And although a weaker euro means a stronger dollar, which isn’t necessarily the best thing for U.S. stocks, it also helps the European Union with its two greatest problems: a lack of economic growth and far too much debt. Every central bank in the world secretly wants a weak currency. A weak currency makes a country’s exports cheaper, which boosts demand and lifts GDP — at least in nominal terms. If the euro were to stay stuck at its current level for several months, that could add as much as 0.5% to the region’s GDP, economists reckon. As for the continent’s other major problem, it’s an axiom of economics that debtors love inflation — and Europe is awash in debt. When a nation’s currency becomes debased, the real (or inflation-adjusted) cost of servicing that debt goes down. It’s essentially a soft way to enact a sovereign debt default — one without catastrophic consequences for global credit markets. The euro is weak and might to get weaker in the near term, but the flow-through effect on the dollar and equity prices is nothing to lose sleep over. Ultimately, Europe’s fate will be decided by the bond market, not the currency market.
Extorre Files Updated Resource for Cerro Moro
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DG365FD46564GFH654FU898 Extorre Gold Mines (XG.TSX, AMEX: XG) announced the filing of an updated National Instrument 43-101 compliant mineral resource estimate for its flagship Cerro Moro Project in Santa Cruz Province, Argentina.
Top 10 Fastest-Growing Solar Stocks: RSOL, FSLR, DQ, CSIQ, SOL, YGE, SPWR, HSOL, JKS, LDK (Dec 19, 2011)
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tdp2664 China Analyst Below are the top 10 fastest-growing Solar stocks, based on the average long-term earnings growth rate estimated by Wall Street analysts. Seven Chinese companies (DQ, CSIQ, SOL, YGE, HSOL, JKS, LDK) are on the list. CLICK HERE for Solar Stocks Comparison Table Real Goods Solar, Inc. (NASDAQ:RSOL) is the first fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 35.0%. This number is based on the average estimate of 2 brokerage analysts. First Solar, Inc. (NASDAQ:FSLR) is the second fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 20.1%. This number is based on the average estimate of 10 brokerage analysts. Daqo New Energy Corp. (NYSE:DQ) is the third fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 19.0%. This number is based on the average estimate of 3 brokerage analysts. Canadian Solar Inc. (NASDAQ:CSIQ) is the fourth fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 18.8%. This number is based on the average estimate of 4 brokerage analysts. ReneSola Ltd. (ADR) (NYSE:SOL) is the fifth fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 18.3%. This number is based on the average estimate of 3 brokerage analysts. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) is the sixth fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 16.3%. This number is based on the average estimate of 4 brokerage analysts. SunPower Corporation (NASDAQ:SPWR) is the seventh fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 15.2%. This number is based on the average estimate of 6 brokerage analysts. Hanwha Solarone Co Ltd (NASDAQ:HSOL) is the eighth fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 15.0%. This number is based on the average estimate of 4 brokerage analysts. JinkoSolar Holding Co., Ltd. (NYSE:JKS) is the ninth fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 15.0%. This number is based on the average estimate of 2 brokerage analysts. LDK Solar Co., Ltd (ADR) (NYSE:LDK) is the 10th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 14.5%. This number is based on the average estimate of 4 brokerage analysts. CLICK HERE for Solar Stocks Comparison Table
J.P. Morgan Chase & Co. (NYSE:JPM) Planning Bong Investment
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tdp2664 E money daily J.P. Morgan Chase & Co. (NYSE:JPM)’s income fund has scheduled an investment in Pakistani bonds. J.P. Morgan Chase & Co. (NYSE:JPM) Planning Bong Investment Businesswire reports that J.P. Morgan Chase & Co. (NYSE:JPM), one of the largest investment banks in the world, has launched an investment fund to invest in the dollar-denominated debt issued by a list of 18 countries that includes Pakistan. According J.P. Morgan Chase & Co. (NYSE:JPM) the fund is the world's first that offers investors in developed markets exposure to non-investment grade debt issued by what are commonly referred to as "frontier markets", including the widely used MSCI indices. Gloria Kim, J.P. Morgan Chase & Co. (NYSE:JPM)'s Head of Global Index Research ,said that, "Growing demand for exposure to Next Generation markets is part of the expansion and deepening of the emerging markets debt asset class. The focus on Next Generation markets is expected to continue as investors seek diversification and higher yields. With this fund, J.P. Morgan Chase & Co. (NYSE:JPM) will provide investors with a well-defined and diligently-managed benchmark for these markets within the emerging markets framework". JP Morgan Chase & Co. (NYSE:JPM) shares were at 31.89 at the end of the last day’s trading. There’s been a -4.6% change in the stock price over the past 3 months. JP Morgan Chase & Co. (NYSE:JPM) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.28 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.28 Zack’s Rank: 5 out of 15 in the industry
Microsoft Corporation (NASDAQ:MSFT) Signs Auto Deal
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tdp2664 E money daily Microsoft Corporation (NASDAQ:MSFT) Dynamics AX hosting provider has signed a contract with an automotive aftermarket manufacturer. Microsoft Corporation (NASDAQ:MSFT) Signs Auto Deal Microsoft Corporation (NASDAQ:MSFT) Dynamics AX hosting provider, OneNeck, has entered into a five-year hosting and managed services contract with a leading automotive aftermarket manufacturer in California. According to the agreement, OneNeck will provide support for the company's Microsoft Corporation (NASDAQ:MSFT) Dynamics AX implementation, including application administration, database administration, operating system administration, network management, security management and infrastructure management. Microsoft Corp. (NASDAQ:MSFT) company shares are currently standing at 26. Price History Last Price: 26 52 Week Low / High: 23.65 / 29.46 50 Day Moving Average: 26.16 6 Month Price Change %: 7.2% 12 Month Price Change %: -7.1%
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