Friday, March 2, 2012

Global stocks close mixed; euro declines on Spain's deficit move

Global stocks close mixed; euro declines on Spains deficit move Arab Times
Kuwait English Daily - 52 minutes ago NEW YORK, March 2, (Agencies): The euro
fell against the dollar on Friday after Spain set a deficit target that defied
Europes new fiscal pact, and oil prices retreated after touching the highest
level in 3-1/2 years as fears eased of a supply ... Gold Miners Try To Dig Out
Of Yesterdays Hole - Forex Rate It!

Should you gold plate your ISA?

Should you gold plate your ISA? The Independent - 1 hour ago Seemingly
unstoppable rises in the prices of gold, oil, wheat and other foodstuffs have
caught the attention of investors in recent years.

The Gold Price Gave Back $12.30 to Close at $1,708.80 Offering You Reduced Prices so Buy While You Can

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DG365FD46564GFH654FU898 Gold Price Close Today : 1,708.80 Gold Price Close 24-Feb : 1,775.10 Change : -66.30 or -3.7% Silver Price Close Today : 3448.1 Silver Price Close 24-Feb : 3533.8 Change : -85.70 or -2.4% Gold Silver Ratio Today : 49.558 Gold Silver Ratio 24-Feb : 50.232 Change : -0.67 or -1.3% Silver Gold Ratio : 0.02018 Silver Gold Ratio 24-Feb : 0.01991 Change : 0.00027 or 1.4% Dow in Gold Dollars : $ 156.99 Dow in Gold Dollars 24-Feb : $ 151.19 Change : $ 5.80 or 3.8% Dow in Gold Ounces : 7.595 Dow in Gold Ounces 24-Feb : 7.314 Change : 0.28 or 3.8% Dow in Silver Ounces : 376.37 Dow in Silver Ounces 24-Feb : 367.39 Change : 8.98 or 2.4% Dow Industrial : 12,977.57 Dow Industrial 24-Feb : 12,982.95 Change : -5.38 or 0.0% S&P 500 : 1,369.63 S&P 500 24-Feb : 1,365.74 Change : 3.89 or 0.3% US Dollar Index : 79.432 US Dollar Index 24-Feb : 78.308 Change : 1.124 or 1.4% Platinum Price Close Today : 1,696.30 Platinum Price Close 24-Feb : 1,712.80 Change : -16.50 or -1.0% Palladium Price Close Today : 716.20 Palladium Price Close 24-Feb : 711.35 Change : 4.85 or 0.7% After yesterday’s strong recovery, the silver and GOLD PRICE fainted today. Silver lost 113c to shutter Comex at 3448.1c. Gold gave back $12.30 to $1,708.80. The GOLD PRICE has fallen back below its crucial 150 DMA (now $1,714.56) with its $1,708.80 close today. Down beneath the 40 DMA at $1,685.45 ought to act as a safety net should it fall further. Weak as today was, odds remain with gold since it showed itself so strong this week. However, a close below $1,696 shatters that. If this plays out as corrections usually do, gold will climb to about $1,750, then plunge once again, either to $1,696 or a little lower. That will take 3 weeks or more to play out., The SILVER PRICE has also fallen through its 300 DMA (now 3484c) with today’s 3448.1 close. This is not unusual when silver is recovering from a fall through its 300 DMA, judging from history. It can dance back and forth over the 300 DMA before it finally leaves it behind. On silver’s side is the chart that reveals silver has only fallen to the downtrend line (from August) that it broke through in February. This this move could be nothing more than a final kiss good-bye before silver takes off. If that’s true, then silver won’t fall much further. If not true, then it could hit 3200c. Market is offering you silver and GOLD at reduced prices. Better buy while you can. This will have to be short because tornados are touching down all around us and have already ravaged north Alabama not far away. Go home tonight and hug your wife or husband and children and all those you love, and tell them you are glad they are alive so you get to enjoy their company. My wife Susan got locked in WalMart jail. That’s right, they had a “Code Black” and locked down the whole place, herded everybody to the back of the store, and locked it down because of the weather. I thought I was going to have to get a habeas corpus to get her out. In spite of the Bernancubus Surprise this week that whacked silver and gold on the head with a ball peen hammer, they didn’t finish the week so badly, down 2.4% for silver and 3.7% for gold. Stocks have enjoyed all the ups and down of a flatiron this week, platinum and palladium went sideways-ish, while the dollar roared — well, as much as a little mouse-burp gully-dirt-sorry paper currency created out of thin air and the imagination of central bankers can roar, which ain’t too loud. Up 1.4%, but it caught all those euro and yen fans from behind. Today the dollar added another 64.3 basis points to the 54.1 it gained on Wednesday. Closed over 79 at 79.432, a huge jump clean through the 20 day moving average (78.95) and nearly to the 50 DMA (79.67). Still, the dollar won’t convince folks it’s serious until it clears 80.12. Euro dropped 0.9% To 1.3198, and has clearly failed at the 50% correction level (about 1.3400). Yen brought the big surprise today by crashing AGAIN, to a new low. Closed 122.23c/Y100 (Y81.81/US$1), down 0.88%. As oversold as it is, it may fall further. Central banks are doing a dance, and the Bernancubus Surprise was the opening music. They’re trying to re-arrange something, but I don’t quite see it yet. Since the whole world money supply might as well be one big balloon, maybe they are just shifting the attention from one to the other, the way the fellow with the three walnut shells and a pea distracts your attention. Stocks are going nowhere, and you might as well accept the news. Dow today went sideways to lower with a puking-sick chart all day long. Down 2.73 to close at 12,977.57. S&P had a WORSE day, losing 4.46 (0.32%) to 1,369.63. Next week will bring pain, suffering, weeping, wailing, and gnashing of teeth for stocks. Y’all enjoy your weekend! Argentum et aurum comparenda sunt — – Gold and silver must be bought. – Franklin Sanders, The Moneychanger The-MoneyChanger.com 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.



The Gold Price Gave Back $12.30 to Close at $1,708.80 Offering You Reduced Prices so Buy While You Can

Gold Price Close Today : 1,708.80 Gold Price Close 24-Feb : 1,775.10 Change :
-66.30 or -3.7% Silver Price Close Today : 3448.1 Silver Price Close 24-Feb :
3533.8 Change : -85.70 or -2.4% Gold Silver Ratio Today : 49.558 Gold Silver
Ratio 24-Feb : 50.232 Change : -0.67 or -1.3% Silver Gold Ratio : 0.02018 Silver
Gold Ratio 24-Feb : 0.01991 Change : 0.00027 or 1.4% Dow in Gold Dollars : $
156.99 Dow in Gold Dollars 24-Feb : $ 151.19 Change : $ 5.80 or 3.8% Dow in Gold
Ounces : 7.595 Dow in Gold Ounces 24-Feb : 7.314 Change : 0.28 or 3.8% Dow in
Silver Ounces : 376.37 Dow in Silver Ounces 24-Feb : 367.39 Change : 8.98 or
2.4% Dow Industrial : 12,977.57 Dow Industrial 24-Feb : 12,982.95 Change : -5.38
or 0.0% S&P 500 : 1,369.63 S&P 500 24-Feb : 1,365.74 Change : 3.89 or 0.3% US
Dollar Index : 79.432 US Dollar Index 24-Feb : 78.308 Change : 1.124 or 1.4%
Platinum Price Close Today : 1,696.30 Platinum Price Close 24-Feb : 1,712.80
Change : -16.50 or -1.0% Palladium Price Close Today : 716.20 Palladium Price
Close 24-Feb : 711.35 Change : 4.85 or 0.7% After yesterday's strong recovery,
the silver and GOLD PRICE fainted today. Silver lost 113c to shutter Comex at
3448.1c. Gold gave back $12.30 to $1,708.80. The GOLD PRICE has fallen back
below its crucial 150 DMA (now $1,714.56) with its $1,708.80 close today. Down
beneath the 40 DMA at $1,685.45 ought to act as a safety net should it fall
further. Weak as today was, odds remain with gold since it showed itself so
strong this week. However, a close below $1,696 shatters that. If this plays out
as corrections usually do, gold will climb to about $1,750, then plunge once
again, either to $1,696 or a little lower. That will take 3 weeks or more to
play out., The SILVER PRICE has also fallen through its 300 DMA (now 3484c) with
today's 3448.1 close. This is not unusual when silver is recovering from a fall
through its 300 DMA, judging from history. It can dance back and forth over the
300 DMA before it finally leaves it behind. On silver's side is the chart that
reveals silver has only fallen to the downtrend line (from August) that it broke
through in February. This this move could be nothing more than a final kiss
good-bye before silver takes off. If that's true, then silver won't fall much
further. If not true, then it could hit 3200c. Market is offering you silver and
GOLD at reduced prices. Better buy while you can. This will have to be short
because tornados are touching down all around us and have already ravaged north
Alabama not far away. Go home tonight and hug your wife or husband and children
and all those you love, and tell them you are glad they are alive so you get to
enjoy their company. My wife Susan got locked in WalMart jail. That's right,
they had a "Code Black" and locked down the whole place, herded everybody to the
back of the store, and locked it down because of the weather. I thought I was
going to have to get a habeas corpus to get her out. In spite of the Bernancubus
Surprise this week that whacked silver and gold on the head with a ball peen
hammer, they didn't finish the week so badly, down 2.4% for silver and 3.7% for
gold. Stocks have enjoyed all the ups and down of a flatiron this week, platinum
and palladium went sideways-ish, while the dollar roared -- well, as much as a
little mouse-burp gully-dirt-sorry paper currency created out of thin air and
the imagination of central bankers can roar, which ain't too loud. Up 1.4%, but
it caught all those euro and yen fans from behind. Today the dollar added
another 64.3 basis points to the 54.1 it gained on Wednesday. Closed over 79 at
79.432, a huge jump clean through the 20 day moving average (78.95) and nearly
to the 50 DMA (79.67). Still, the dollar won't convince folks it's serious until
it clears 80.12. Euro dropped 0.9% To 1.3198, and has clearly failed at the 50%
correction level (about 1.3400). Yen brought the big surprise today by crashing
AGAIN, to a new low. Closed 122.23c/Y100 (Y81.81/US$1), down 0.88%. As oversold
as it is, it may fall further. Central banks are doing a dance, and the
Bernancubus Surprise was the opening music. They're trying to re-arrange
something, but I don't quite see it yet. Since the whole world money supply
might as well be one big balloon, maybe they are just shifting the attention
from one to the other, the way the fellow with the three walnut shells and a pea
distracts your attention. Stocks are going nowhere, and you might as well accept
the news. Dow today went sideways to lower with a puking-sick chart all day
long. Down 2.73 to close at 12,977.57. S&P had a WORSE day, losing 4.46 (0.32%)
to 1,369.63. Next week will bring pain, suffering, weeping, wailing, and
gnashing of teeth for stocks. Y'all enjoy your weekend! Argentum et aurum
comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The
Moneychanger The-MoneyChanger.com 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.

Precious Metals Fall, Gold Has Worst Week Since December

Precious metals capped off a challenging week with further losses on Friday
amid a further advance in the U.S. dollar. COMEX gold futures, per the April
contract, settled lower by $12.40, or 0.7%, at $1,709.80 per ounce.

Gold, Silver Shares Slide, XAU Drops 1.7%

Precious metals equities turned sharply lower Friday, with the Philadelphia
Gold & Silver Index (XAU) falling 1.7% to 194.21 in early afternoon trading. The
sector considerably underperformed gold futures, as the COMEX April contract
dipped just 0.7% to $1,710.80 per ounce.

Zacks' Voice of the People highlights opportunities with Market Vectors Gold ...

Zacks Voice of the People highlights opportunities with Market Vectors Gold ...
PR Newswire (press release) - 4 hours ago This morning, all of the leading gold
mining stocks are ticking higher. Yesterday, gold, silver, and leading mining
stocks were slammed sharply lower as the US Dollar Index rallied.

Gold Stock Price Update for Today, Mar-2

Gold Stock Price Update for Today, Mar-2 Fyxnews - 4 hours ago Gold stock
prices for today, Friday, March 02, 2012. This is an overview of how gold mining
stocks are performing. Barrick Gold Corporation (NYSE:ABX) is currently trading
at $48.04.

Microsoft Corporation To Develop Small Business Partnerships

Microsoft Corporation (NASDAQ:MSFT) Partner Network has announced a new small
business competency. Microsoft Corporation To Develop Small Business
Partnerships Microsoft Corporation (NASDAQ:MSFT) is going to launch Small
Business Competency within the Microsoft Corporation (NASDAQ:MSFT) Partner
Network (MPN). The goal of the new competency is to enable partners to seize the
huge market opportunity represented by

Gold Price Dips on Dollar Strength

GOLD PRICE NEWS The gold price was under pressure Friday morning as strength
in the U.S. dollar weighed on precious metals.

Gold price per ounce close Spot gold price per gram Todays Spot Silver price per ounce Gold Silver Rates Today

Gold Price Silver Price Market News Today: The primary stock indices were
trending positively during the last trading session, but gold and silver price
per ounce trend-lines were dropping lower. Investors were pleasantly surprised
by the better than expected economic data which posted in the U.S. last session
as the report on initial jobless claims and personal income and spending. The
dollar gained strength versus the euro and the inverse relationship between the
dollar and gold price presented. Both gold and silver finished the session on
the positive side of break-even however. Gold and silver floor prices recovered.
Contract gold price per ounce close and contract silver price per ounce close
today: April contract gold finished the session green by .64 percent at 1722.20
per troy ounce. May contract silver finished the session green by 2.94 percent
at 35.66 per troy ounce. Spot gold per gram and spot silver per ounce trends:
Spot gold price per gram and spot silver price per ounce were posting red prior
to opening bell this morning. Spot gold per gram was posting at 55.16 and spot
silver per ounce posted at 35.18. Camillo Zucari

Todays DJIA Dow Jones Index AT&T MSN Money Stock Quote; SmartPhone Data Plan 3G, 4G, 4G LTE Data Usage; Market News Today

AT&T and DJIA both Close Market Trading Session in the Green: The primary stock
indices in the U.S. finished the last trading session in the green across the
board. Initial unemployment data was better than expected once again and
personal income and spending data skewed positively as well. The Dow closed the
day green by .22 percent at 12,980.30. The Nasdaq finished the day higher by .74
percent at 2,988.97 and the S&P 500 finished the day higher by .62 percent at
1,347.09. Shares of AT&T helped pave the way by finishing the last trading
session on the positive side of break-even. According to MSN Money stock quotes,
AT&T Inc. closed the session higher by .13 percent at 30.63. One week change
analysis for AT&T Inc. is positively skewed, as is the current year-to-date
change. AT&T Makes Headlines by Modifying Data Plans for Smartphone: AT&T has
been making waves lately as many smartphone users have voiced displeasure that
smartphone speeds can drop lower in noteworthy fashion based on data usage. One
major problem for customers is that they could not necessarily predict when this
speed slowdown might occur. AT&T Inc. presented a plan this week to help
standardize this knowledge for its customers. According to AT&Ts report, users
on 3G or 4G will slow down when they have used more than 3GB in a billing cycle.
4G LTE phones will slow down after 5GB. All users will have normal speed again
once the new billing cycle occurs. It should be noted that AT&T share value
dropped into the red after-hours. Frank Matto

Google Inc. Removes India Content

Google Inc. (NASDAQ:GOOG) has informed an Indian court that it has removed
objectionable content from its listings. Google Inc. Removes India Content The
online search engine Google Inc. (NASDAQ:GOOG) has told the Indian court that it
has removed alleged objectionable content from its websites. The government and
court had ordered a number of online companies

A big thirst for gold in Burkina Faso

A big thirst for gold in Burkina Faso The Africa Report - 1 hour ago By Pascal
Airault Gold, a lot of it and more gold. Nothing but gold. Not a month goes by
in Burkina Faso without the talk of new investments in the gold-mining sector.

Silver and Gold Bounced Back on Thursday –Recap March 1st

Gold and silver prices bounced back and rose on Thursday after their dive on
Wednesday; crude oil prices continued their rally and rose again for the second
consecutive day; natural gas future price sharply fell on Thursday. The Euro
slightly depreciated again against the US Dollar. Here is a summary of the
developments of precious metals and energy commodities for March 1st, 2012:
Precious Metals: Gold price slightly increased on Thursday by 0.64% to $1,722.2;
Silver price sharply rose by 2.94% and reached $35.66. During the week, gold
decreased by 1% while silver increased by 0.7%.

Gold & Silver Prices – Daily Outlook March 2nd 2012

Gold and silver prices bounced back from Wednesdays tumble. The U.S unemployment
claims edged up to 353k, which may have strengthened the US dollar during
yesterday against many currencies. Currently gold and silver prices are slightly
falling. Today there Canadas GDP monthly update will be published.

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