Wednesday, February 22, 2012
Massive Run Could Take ABX 30 Points Higher
Gold Miners Are Stuck In A Ditch (NYSEARCA:GDX) (NYSE:NEM) (NASDAQ:RGLD ...
Inthemoneystocks.com (blog) - 15 hours ago This morning, all of the leading gold
mining stocks seem to be under some slight selling pressure. The Market Vectors
Gold Miners ETF (NYSEARCA:GDX) is trading lower this morning by 0.34 cents to
$55.48 a share.
The Gold Rise Is Back in Play
advantage of gains with this play.
Gold Price up $12.90 with a new Intraday High of $1,781.54
Today : 3425.4 Change : -17.5 cents or -0.51% Gold Silver Ratio Today : 51.673
Change : 0.637 or 1.25% Silver Gold Ratio Today : 0.01935 Change : -0.000242 or
-1.23% Platinum Price Close Today : 1722.35 Change : 35.25 or 2.09% Palladium
Price Close Today : 722.45 Change : 11.85 or 1.67% S&P 500 : 1,357.65 Change :
-4.55 or -0.33% Dow In GOLD$ : $151.11 Change : $ (1.41) or -0.93% Dow in GOLD
oz : 7.310 Change : -0.068 or -0.93% Dow in SILVER oz : 377.73 Change : 1.14 or
0.30% Dow Industrial : 12,938.67 Change : -27.02 or -0.21% US Dollar Index :
79.21 Change : 0.170 or 0.22% Precious metals give us pause to think. In spite
of superb strength in the GOLD PRICE -- up $12.90 today to $1,770, new intraday
high of $1,781.54 -- and great antics out of platinum and palladium, the SILVER
PRICE still hath not breached that 300 day moving average. Silver, in fact, lost
17.5c to end at 3425.4c, after a 3448c high, stymied yet again at the 300 DMA,
today at 3469c. It's an antsy deal, trying to parse silver's pattern. Could be a
rounding top, rolling over, or a broadening top. On the positive side, all the
other metals are tugging silver up, calling silver to play catch-up, and once it
penetrated that 300 DMA, twill play catch-up with a vengeance. Logic says to buy
after the breakout, even when it looks as sure as this one, but I never can
resist, and often buy high in punishment for my hubris and impatience. Always a
good idea to lift your head up and take a wide look around, instead of keeping
your nose pointed groundward. We did that yesterday, and it warned us that
stocks were faltering, and that gold was poised to jump. Ahh, but looking around
today reveals a disquieting disharmony in the metals, too. Stocks sank beneath
the surface from the dawn of day and never reached high enough to take a breath.
Dow Jones Industrial Average sank 27.02, 0.21%, to 12,938.67; S&P500 kept it
company by falling 4.55 (0.33%) to 1,357.66. More instructive still, the Dow in
Gold Dollars fell today G$1.41 (0.068 oz). Five day Dow chart shows a market
that has rolled over, and unless it can breach -- convincingly -- 13,000 and
stay there, 'twill play the Titanic. But y'all don't listen to me. I don't know
a thing compared to them geniuses in Washington and on Wall Street. I didn't
even get shoes till last year. If the Japanese yen has not exhausted its
downmove today, I can't see why not. In the last three weeks it has cascaded
from 131.52c/Y100 (Y76.03/US$1) to 124.57c (Y80.28/US$1). That's a 5.3% loss, a
gigantic move in currencies. Don't know what's wrong, only that the market
believes the yen has leprosy, and isn't touching it. Three gaps down in the last
three trading days -- that's a flashing light that the end must be near. US
dollar index added 17 basis points (0.22%) to end at 79.214, still comfortably
above 79. To advance farther, dollar needs to close above 79.50. Euro rose today
0.1% to 1.3250, still not enough to beat the last (133.22) peak. If the euro
can't do that, it is rolling over downward. And I wonder why the euro is not
doing that, since the Greek problem has been "solved." What more good news
awaiteth the euro? One wonders what more good news there even might be. Next big
move will be down, I ween. On Friday, 24 February, I will be speaking for the
Fayette County (Tenn.) Tea Party at the Fayette County Courthouse, in the town
square at Somerville, Tennessee. Party starts at 7:00 p.m., and the topic will
be "Restoring Freedom by Rebuilding Local Economy." This may be your only chance
to see a natural born fool from Tennessee live and outside captivity. Argentum
et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin
Sanders, The Moneychanger The-MoneyChanger.com © 2012, 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.
#Centerra Gold reports 36% increase in its gold resources
indicated gold resources on Thursday, driven by exploration success at its
Kumtor mine in the Kyrgyz Republic and other projects in Russia and Mongolia.
Listed in the TSX, miner, it is focused on gold projects in and around Central
Asia. Andrew Sazanov , President at Kumtor Gold Company, which is part of
Centerra Gold, is set to speak at the 5th annual #CentralAsia Mining Congress on
the company's plans and strategies for growth. Join him and 30 other speakers
at this premier platform where mining stakeholders to gain first-hand insights
into the latest updates on the region's major mines and mining policies that
will impact their investments in the respective Central Asian countries. To view
full speakers list, click here . Or, download the brochure here:
http://www.terrapinn.com/template/live/documents.aspx?e=4784
Gold Stocks About To Undertake Feasibility Studies: The Good, The Bad, The Maybe
Maybe Seeking Alpha - 2 hours ago Its been an interesting year for gold, with a
declining market somehow creating high revenue for gold mining companies. As
global and local economies bounce around, some gold stocks have managed to do
well, while others are barely staying afloat.
Crocodile Gold Ramps Up Cosmo Mine Development
development meters at its Cosmo underground mine in January 2012 on a
month-over-month basis.
Precious Metals Stage Comeback, XAU Jumps 1.6%
Wednesday afternoon trading. The move higher in precious metals did not coincide
with U.S. dollar weakness or significant volatility in the broader markets,
however.
Goldman Cuts Commodities Outlook, but Stays Bullish on Gold
bit of caution for investors expecting further gains this year. In a recent note
to clients, analysts led by Jeffrey Currie lowered the firm's 12-month
expected return forecast for the broader commodities complex to 12% from 15%
according to a Bloomberg report. Goldman Sachs did maintain an "Overweight"
rating on the sector, however. Although the firm reduced its general outlook, it
remained quite bullish on two commodities in particular – gold and oil.
Gold Miners Are Stuck In A Ditch
morning, all of the leading gold mining stocks seem to be under some slight
selling pressure. The Market Vectors Gold Miners ETF (NYSEARCA:GDX) is trading
lower this morning by 0.34 cents to $55.48 a share.
Google Alert - antiques coin
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Best Supermarkets for Customer Satisfaction
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tdp2664 InvestorPlace Publix and Whole Foods are ranked at the top of the list for best super markets for customer satisfaction by The American Customer Satisfaction Index (ACSI).
Latest iShares Commodity Suite Doesn’t Break New Ground
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tdp2664 InvestorPlace iShares’ five new commodity-related ETFs have an uphill climb against similar established funds.
Gold Price Retreats, Silver Follows
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tdp2664 GOLD PRICE NEWS – The gold price retreated Wednesday morning, falling $6.70 to $1,753 per ounce.
Spanish Mountain Gold Launches Feasibility Study
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tdp2664 Spanish Mountain Gold (SPA.TSXV) announced plans to proceed with a Feasibility Study (FS) for its Spanish Mountain Gold Project in central British Columbia, Canada.
Gold Miners Are Stuck In A – GDX, RGLD, GOLD, NEM
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gol2664 Negocioenlinea Gold Miners Are Stuck In A – GDX, RGLD, GOLD, NEM Wall Street Pit – 1 hour ago By Nicholas Santiago Feb 22, 2012, 10:26 AM Author's Website This morning, all of the leading gold mining stocks seem to be under some slight selling pressure. Gold Miners Are Stuck In A Ditch – Inthemoneystocks.com (blog)
Spanish Mountain Gold Launches Feasibility Study
Study (FS) for its Spanish Mountain Gold Project in central British Columbia,
Canada.
Google Inc. Releases Hertz Doodle
Google Doodle. Google Inc. Releases Hertz Doodle The search engine Google Inc.
(NASDAQ:GOOG) has posted a wave Doodle on its homepage to pay homage to Heinrich
Hertz on what would have been his155th birthday. Hertz was the German physicist
who discovered electromagnetic
Gold Price Retreats, Silver Follows
to $1,753 per ounce.
Gold Stock Price Update for Today, Feb-22
prices for today, Wednesday, February 22, 2012. This is an overview of how gold
mining stocks are performing. Barrick Gold Corporation (NYSE:ABX) is currently
trading at $48.45.
Gold Miners Are Stuck In A – GDX, RGLD, GOLD, NEM
ago By Nicholas Santiago Feb 22, 2012, 10:26 AM Authors Website This morning,
all of the leading gold mining stocks seem to be under some slight selling
pressure. Gold Miners Are Stuck In A Ditch - Inthemoneystocks.com (blog)
Microsoft Corporation Rolling Out Australia Program
in Australia. Microsoft Corporation Rolling Out Australia Program Microsoft
Corporation (NASDAQ:MSFT)'s division in Australia has announced that it has
launched its new BizSpark Plus program for business incubators. The program
allows business incubators to offer each of their startups up to $60,000 worth
of Microsoft
Todays Gold Price per ounce; Spot gold price per gram; Silver price per ounce Precious metal Market Trends Today
for spot gold per gram and spot silver per ounce were posting positive
trajectories prior to opening bell of the last trading session, and trends held
strong during the session. Price posting for precious metal gold and silver
contracts was green at the mid-day mark in the last session as the market
responded to the eurozone bailout action planning for Greece. The euro found
strength in the deal and this action helped to support precious metal gold and
silver positioning. Gold price per ounce and silver price per ounce contract
review: Both gold and silver contract closed out the last session with posted
floor prices on the positive side of break-even for the day. Gold price per
ounce contract for April delivery was green by 1.89 percent at 1758.50 per troy
ounce. Silver price per ounce was posting green by 3.65 percent at 34.43 per
troy ounce. Spot gold price per gram and spot silver price per ounce trend-line
review: Prior to opening bell this morning, spot gold price trends and spot
silver price trends were moving in a positive direction. Spot gold price per
gram was green by .90 at 56.39 and spot silver price per ounce was green by .86
at 34.07. Camillo Zucari
What Are the Potential Outcomes for Gold Price in 2012?
2012, this article will complete the picture with a short overview of the
possible outcomes for gold price. This analysis should give you a broad
perspective as to the potential direction gold price might head by the end of
2012. During the first half of 2011 gold price climbed up very slowly and by the
end of June it has only risen by nearly 5%. During the second part of the year
gold price experienced much more volatility as I have explained in the past.
Gold finished 2011 with a 10% gain. So what could we expect gold price to reach
by the end of 2012? I think, there are four major scenarios to consider: Gold
price ranging between $1,700 and $1,900 by the end of 2012 (probability of this
option – high): This scenario, in my opinion, is most likely. Even though the
current price of gold is in this range (as of February 21st, gold price reached
$1,758), bear in mind this range reflects a yearly increase of 9%-21% compared
with the level of gold from the end of 2011. Much like in 2011,
Microsoft Corporation Opening Up Language Options
Microsoft Corporation Opening Up Language Options Microsoft Corporation
(NASDAQ:MSFT) has shown off its Local Language Program (LLP) in recognition of
International Mother Language Day. The Local Language Program (LLP) enables the
development of custom language translation and has helped 1.7 billion people
worldwide to access technology
Gold Prices Rise Sharply
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gol2664 Negocioenlinea Gold Prices Rise Sharply Fyxnews – 1 hour ago Gold prices rose sharply on Tuesday as the euro-zone members agreed on a second round of bailout package for debt laden Greece. Gold for April delivery ended the day at $1758.50 an ounce at the Comex division of the New York Mercantile Exchange.
Home Depot HD Sales Data; Lowes LOW Stock; Google Finance Stock Quote; Today’s DJIA Dow Jones Close Review
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dow2664 The last trading session was a positive one for the market in the U.S. The primary indices finished on the positive side of break-even and the DJIA climbed above the 13,000 mark once again. The Dow Jones finished the day in the green by 15.82 at 12,965.69. Trends were buoyed by the posted economic reports which have been better than expected, paired with the progressive action taken by European leaders relevant to the debt resolution bailout plan for Greece. Stocks started the day strong and positive trends held throughout. Many retailers posted better than expected earnings reports last session and Home Depot was in the mix. Home Depot Reported fourth quarter earnings and revenue that topped analysts’ expectations. Fourth quarter sales grew by almost 6 percent to $16 billion. The news was well received. Home Deport attributes some of the gains to a milder winter. Economists also hope that progressive action in the housing sector across the U.S. will push sales higher. Both Home Depot and Lowes finished the last trading session in the green. Stock Quote Close Review: Home Depot HD closed out the last session in the green by .45 percent at 46.92 according to Google finance stock quote. Lowe’s LOW finished the last session green by .29 percent to close out at 27.76 according to google finance stock quotes. Frank Matto
Walmart WMT MSN Stock Quote; Sears SHLD and Kmart Sales Weak; Walmart Sales Data Today
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dow2664 Wal-Mart Sales Trending News Today: Although signs reveal that the U.S. economy is moving in the right direction as of late, one retailer ( Walmart ) posted quarterly results this week which were surprisingly weaker than expected. Wal-Mart posted quarterly results this week which fell below expectations and caused shares of the mega-retailer to plummet during the last trading session. According to the data analysis, Wal-Mart’s year over year net income fell by approximately 12 percent. With the price of gas pushing higher and higher as we move through the current quarter, rebound estimates are muted for Wal-Mart . Although the mega retailer was a bit disappointed with its recent net earnings data, it is still head and shoulders above other competitors. Sears Holding is dealing with challenges in the current market environment. Sears data reveals a significant drop in sales and as a result, the retailer is considering shutting down more stores. Kmart stores are at risk as well. Wal-Mart may have had a hiccup in the data report, but it is still outpacing the competition. Share value close Last Session: Wal-Mart (WMT) Stores Inc. finished the last session in the red lower by 3.86 percent at 60.07 according to MSN Stock Quotes. Sears Holding Corp. finished the last session in the red by 6.58 percent to close the day at 50.94 according to MSN Stock Quotes. Genny Germano
Clear Sign Market Has Run Out of Gas
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tdp2664 InvestorPlace Investors failed to buy stocks despite another Greek bailout.
Stocks Going Ex Dividend the Fifth Week of February 2012
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dow2664 Here is our latest update on the stock trading technique called ‘Buying Dividends’. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend . This technique generally works only in bull markets. In flat or choppy markets, you have to be extremely careful, and may need to avoid the technique during those times. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can’t sell the stock until after the ex date. The actual dividend may not be paid for another few weeks. WallStreetNewsNetwork.com has compiled a downloadable and sortable list of the stocks going ex dividend during the next week or two. The list contains many dividend paying companies, all with market caps over $500 million, and yields over 2%. Here are a few examples showing the stock symbol, the market capitalization, the ex-dividend date and the yield. Bank of Hawaii Corporation (BOH) market cap: $2.1B ex div date: 2/27/2012 yield: 3.8% DNP Select Income Fund Inc. (DNP) market cap: $2.7B ex div date: 2/27/2012 yield: 6.9% MGE Energy, Inc. (MGEE) market cap: $1.1B ex div date: 2/28/2012 yield: 3.4% NBT Bancorp Inc. (NBTB) market cap: $755.8M ex div date: 2/28/2012 yield: 3.5% Einstein Noah Restaurant Group, Inc. (AGL) market cap: $251.7M ex div date: 2/28/2012 yield: 3.3% SUPERVALU INC. (SVU) market cap: $1.5B ex div date: 2/28/2012 yield: 5.0% Trustmark Corp (TRMK) market cap: $1.5B ex div date: 2/28/2012 yield: 3.7% FutureFuel Corp. (FF) market cap: $505.9M ex div date: 2/28/2012 yield: 3.3% Arrow Financial Corporation (AROW) market cap: $298.4M ex div date: 2/29/2012 yield: 3.9% Dominion Resources, Inc. (D) market cap: $29.0B ex div date: 2/29/2012 yield: 4.1% The additional ex-dividend stocks can be found at wsnn.com. (If you have been to the website before, and the latest link doesn’t show up, you may have to empty your cache.) If you like dividend stocks, you should check out the high yield utility stocks and the Monthly Dividend Stocks at WallStreetNewsNetwork.com or WSNN.com. Dividend definitions: Declaration date: the day that the company declares that there is going to be an upcoming dividend. Ex-dividend date: the day on which if you buy the stock, you would not be entitled to that particular dividend; or the first day on which a shareholder can sell the shares and still be entitled to the dividend. Monthly Dividend Stock List Record date : the day when you must be on the company’s books as a shareholder to receive the dividend. The ex-dividend date is normally set for stocks two business days before the record date. Payment date: the day on which the dividend payment is actually made, which can be as long at two months after the ex date. Don’t forget to reconfirm the ex-dividend date with the company before implementing this technique. Disclosure: Author did not own any of the above at the time the article was written. By Stockerblog.com
Home Depot HD Sales Data; Lowes LOW Stock; Google Finance Stock Quote; Today’s DJIA Dow Jones Close Review
primary indices finished on the positive side of break-even and the DJIA climbed
above the 13,000 mark once again. The Dow Jones finished the day in the green by
15.82 at 12,965.69. Trends were buoyed by the posted economic reports which have
been better than expected, paired with the progressive action taken by European
leaders relevant to the debt resolution bailout plan for Greece. Stocks started
the day strong and positive trends held throughout. Many retailers posted better
than expected earnings reports last session and Home Depot was in the mix. Home
Depot Reported fourth quarter earnings and revenue that topped analysts
expectations. Fourth quarter sales grew by almost 6 percent to $16 billion. The
news was well received. Home Deport attributes some of the gains to a milder
winter. Economists also hope that progressive action in the housing sector
across the U.S. will push sales higher. Both Home Depot and Lowes finished the
last trading session in the green. Stock Quote Close Review: Home Depot HD
closed out the last session in the green by .45 percent at 46.92 according to
Google finance stock quote. Lowes LOW finished the last session green by .29
percent to close out at 27.76 according to google finance stock quotes. Frank
Matto
Gold Prices Rise Sharply
Tuesday as the euro-zone members agreed on a second round of bailout package for
debt laden Greece. Gold for April delivery ended the day at $1758.50 an ounce at
the Comex division of the New York Mercantile Exchange.
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