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Tuesday, January 17, 2012
The Gold Price Closed Up $24.80 to Close at $1,655.20
Today : 3010.00 Change : 61.00 cents or 2.0% Platinum Price Close Today :
1,526.70 Change : 39.90 or 2.6% Palladium Price Close Today : 654.95 Change :
20.45 or 3.1% Gold Silver Ratio Today : 54.99 Change : -0.30 or 0.99% Dow
Industrial : 12,422.06 Change : -48.96 or -0.4% US Dollar Index : 81.45 Change :
0.67 or 0.8% Franklin Sanders has not published any commentary today, if he
posts commentary later in the day it will be posted here. 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.
Top 10 Broadcasting Stocks with Highest Upside: CETV, SALM, STV, ETM, CTCM, FENG, EVC, MBND, CVC, LNET (Jan 17, 2012)
on the difference between current price and Wall Street analysts average target
price. Two Chinese companies (STV, FENG) are on the list. Central European Media
Enterprises Ltd. (NASDAQ:CETV) has the 1st highest upside potential in this
segment of the market. Its upside is 222.2%. Its consensus target price is
$19.85 based on the average of all estimates. Salem Communications Corp
(NASDAQ:SALM) has the 2nd highest upside potential in this segment of the
market. Its upside is 160.0%. Its consensus target price is $6.50 based on the
average of all estimates. China Digital TV Holding Co., Ltd.(ADR) (NYSE:STV) has
the 3rd highest upside potential in this segment of the market. Its upside is
108.6%. Its consensus target price is $7.13 based on the average of all
estimates. Entercom Communications Corp. (NYSE:ETM) has the 4th highest upside
potential in this segment of the market. Its upside is 88.4%. Its consensus
target price is $14.00 based on the average of all estimates. CTC Media, Inc.
(NASDAQ:CTCM) has the 5th highest upside potential in this segment of the
market. Its upside is 82.3%. Its consensus target price is $16.66 based on the
average of all estimates. Phoenix New Media Ltd ADR (NYSE:FENG) has the 6th
highest upside potential in this segment of the market. Its upside is 76.9%. Its
consensus target price is $10.88 based on the average of all estimates.
Entravision Communication (NYSE:EVC) has the 7th highest upside potential in
this segment of the market. Its upside is 69.3%. Its consensus target price is
$2.39 based on the average of all estimates. Multiband Corporation (NASDAQ:MBND)
has the 8th highest upside potential in this segment of the market. Its upside
is 65.7%. Its consensus target price is $5.50 based on the average of all
estimates. Cablevision Systems Corporation (NYSE:CVC) has the 9th highest upside
potential in this segment of the market. Its upside is 46.3%. Its consensus
target price is $20.44 based on the average of all estimates. LodgeNet
Interactive Corp. (NASDAQ:LNET) has the 10th highest upside potential in this
segment of the market. Its upside is 43.4%. Its consensus target price is $4.00
based on the average of all estimates.
Sears Holdings Jumps on Buyout Rumors
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tdp2664 InvestorPlace Shares of Sears Holdings (NASDAQ: SHLD ), which have tumbled over 50% over the past 52 weeks, soared today amid rumors that billionaire Edward Lampert, the company's chairman, along with Bruce Berkowitz of Fairholme Capital Management, are looking to take the struggling retailer private. The rumor — which was picked up on Reuters and CNBC — makes a ton of sense. Reuters reports that there was "unusual buying in Sears call options during the first 25 minutes of trading." For years, investors have argued that Lampert might try to unload some of the company's vast real estate holdings, which the Sears' website brags offers a "portfolio of retail locations that is second to none.” The net book value of Sears’ securitized real estate assets was approximately $800 million as of Jan. 29, 2011, according to its latest 10-K. Sears would be seen as a distressed buyer now if it tried to sell vast amounts of real estate given its recent announcement that it plans to shutter as many as 120 underperforming stores . Sears' failures are many, and some predate the 2005 merger of Sears and Kmart that was orchestrated by Lampert. During the 1980s and ’90s, the company didn't fashion a coherent brand identity as Wal-Mart (NYSE: WMT ) positioned itself as the low-price leader and scads of rivals, including Target (NYSE: TGT ) and Kohl’s (NYSE: KSS ), plucked off Sears' middle-class customer base. What is a Sears customer? Who knows? In 2002, Sears acquired preppy retailer Land's End for $1.9 billion. Merging the two companies was a bad idea from the get-go. Analysts have noted for years that the fit between the two was "awkward" — and that is still the case today. Selling Land's End and other brands, such as Diehard, is an option that Lampert should consider to shore up the company's finances. Investors have no faith that Lampert's efforts to turn around Sears — which began almost as soon as the ink dried on the merger between Sears, Roebuck & Co. and Kmart — will work. For one thing, he has always talked a good game but has failed to back up his words with deeds. "We believe that we will have significant opportunities in the years ahead to create value through a combination of better operating performance and disciplined use of our capital and balance sheet.," Lampert wrote in 2005 in his first letter to shareholders. "We expect to make mistakes as a company going forward, but we will acknowledge these mistakes, correct them and learn from them. " Lampert's latest efforts to revive the venerable retailer involved hiring Louis J. D’Ambrosio as CEO last year despite
Top-Performing U.S.-Listed Chinese Stocks (Jan 17, 2012)
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tdp2664 China Analyst Below are the latest top-performing U.S.-listed Chinese stocks. ReneSola Ltd. (ADR) (NYSE:SOL) is the best-performing U.S.-listed Chinese stock on Jan. 17. It was up 10.6% on the day. SOL's upside potential is 1.2% based on brokerage analysts' average target price of $2.44. It is trading at 18.2% of its 52-week high of $13.25, and 66.2% above its 52-week low of $1.45. AsiaInfo-Linkage, Inc. (NASDAQ:ASIA) is the second best-performing U.S.-listed Chinese stock on Jan. 17. It was up 10.2% on the day. ASIA's upside potential is 93.0% based on brokerage analysts' average target price of $16.93. It is trading at 38.3% of its 52-week high of $22.91, and 41.2% above its 52-week low of $6.21. Hollysys Automation Technologies Ltd (NASDAQ:HOLI) is the third best-performing U.S.-listed Chinese stock on Jan. 17. It was up 9.5% on the day. HOLI's upside potential is 38.6% based on brokerage analysts' average target price of $13.60. It is trading at 54.0% of its 52-week high of $18.15, and 116.1% above its 52-week low of $4.54. China Ming Yang Wind Power Group Ltd (NYSE:MY) is the fourth best-performing U.S.-listed Chinese stock on Jan. 17. It was up 8.8% on the day. MY's upside potential is 117.7% based on brokerage analysts' average target price of $6.22. It is trading at 26.1% of its 52-week high of $10.96, and 142.4% above its 52-week low of $1.18. Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) is the fifth best-performing U.S.-listed Chinese stock on Jan. 17. It was up 8.4% on the day. STP's upside potential is 4.0% based on brokerage analysts' average target price of $3.34. It is trading at 29.6% of its 52-week high of $10.83, and 88.8% above its 52-week low of $1.70. E-House (China) Holdings Limited (ADR) (NYSE:EJ) is the sixth best-performing U.S.-listed Chinese stock on Jan. 17. It was up 5.9% on the day. EJ's upside potential is 36.7% based on brokerage analysts' average target price of $7.65. It is trading at 34.5% of its 52-week high of $16.25, and 39.3% above its 52-week low of $4.02. Renren Inc (NYSE:RENN) is the seventh best-performing U.S.-listed Chinese stock on Jan. 17. It was up 5.6% on the day. RENN's upside potential is 70.4% based on brokerage analysts' average target price of $7.02. It is trading at 17.2% of its 52-week high of $24.00, and 28.3% above its 52-week low of $3.21. Seaspan Corporation (NYSE:SSW) is the eighth best-performing U.S.-listed Chinese stock on Jan. 17. It was up 4.9% on the day. SSW's upside potential is 18.0% based on brokerage analysts' average target price of $17.56. It is trading at 69.8% of its 52-week high of $21.33, and 45.7% above its 52-week low of $10.21. ZHONGPIN INC. (NASDAQ:HOGS) is the ninth best-performing U.S.-listed Chinese stock on Jan. 17. It was up 4.7% on the day. HOGS's upside potential is 40.2% based on brokerage analysts' average target price of $15.32. It is trading at 54.0% of its 52-week high of $20.25, and 65.6% above its 52-week low of $6.60. AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP) is the 10th best-performing U.S.-listed Chinese stock on Jan. 17. It was up 4.6% on the day. AMAP's upside potential is 82.7% based on brokerage analysts' average target price of $20.46. It is trading at 55.4% of its 52-week high of $20.20, and 26.3% above its 52-week low of $8.87. CNOOC Limited (ADR) (NYSE:CEO) is the 11th best-performing U.S.-listed Chinese stock on Jan. 17. It was up 4.1% on the day. CEO's upside potential is 20.8% based on brokerage analysts' average target price of $243.00. It is trading at 74.0% of its 52-week high of $271.94, and 42.4% above its 52-week low of $141.27. E Commerce China Dangdang Inc (ADR) (NYSE:DANG) is the 12th best-performing U.S.-listed Chinese stock on Jan. 17. It was up 3.7% on the day. DANG's upside potential is 28.6% based on brokerage analysts' average target price of $7.91. It is trading at 16.9% of its 52-week high of $36.40, and 49.6% above its 52-week low of $4.11. TAL Education Group (ADR) (NYSE:XRS) is the 13th best-performing U.S.-listed Chinese stock on Jan. 17. It was up 3.7% on the day. XRS's upside potential is 32.9% based on brokerage analysts' average target price of $14.50. It is trading at 67.6% of its 52-week high of $16.15, and 29.7% above its 52-week low of $8.41. WuXi PharmaTech (Cayman) Inc. (ADR) (NYSE:WX) is the 14th best-performing U.S.-listed Chinese stock on Jan. 17. It was up 3.0% on the day. WX's upside potential is 43.0% based on brokerage analysts' average target price of $18.03. It is trading at 66.0% of its 52-week high of $19.10, and 18.4% above its 52-week low of $10.65. Mindray Medical International Ltd (ADR) (NYSE:MR) is the 15th best-performing U.S.-listed Chinese stock on Jan. 17. It was up 2.8% on the day. MR's upside potential is 10.8% based on brokerage analysts' average target price of $32.05. It is trading at 92.7% of its 52-week high of $31.21, and 36.1% above its 52-week low of $21.25. Sohu.com Inc. (NASDAQ:SOHU) is the 16th best-performing U.S.-listed Chinese stock on Jan. 17. It was up 2.8% on the day. SOHU's upside potential is 32.3% based on brokerage analysts' average target price of $76.08. It is trading at 52.6% of its 52-week high of $109.37, and 26.7% above its 52-week low of $45.40. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is the 17th best-performing U.S.-listed Chinese stock on Jan. 17. It was up 2.8% on the day. JASO's upside potential is 46.4% based on brokerage analysts' average target price of $2.74. It is trading at 21.8% of its 52-week high of $8.57, and 54.5% above its 52-week low of $1.21. Qihoo 360 Technology Co Ltd (NYSE:QIHU) is the 18th best-performing U.S.-listed Chinese stock on Jan. 17. It was up 2.8% on the day. QIHU's upside potential is 104.2% based on brokerage analysts' average target price of $33.57. It is trading at 45.4% of its 52-week high of $36.21, and 19.9% above its 52-week low of $13.71. 51job, Inc. (ADR) (NASDAQ:JOBS) is the 19th best-performing U.S.-listed Chinese stock on Jan. 17. It was up 2.7% on the day. JOBS's upside potential is 52.8% based on brokerage analysts' average target price of $64.50. It is trading at 60.5% of its 52-week high of $69.80, and 15.3% above its 52-week low of $36.62. PetroChina Company Limited (ADR) (NYSE:PTR) is the 20th best-performing U.S.-listed Chinese stock on Jan. 17. It was up 2.7% on the day. PTR's upside potential is 9.9% based on brokerage analysts' average target price of $158.00. It is trading at 90.5% of its 52-week high of $158.83, and 29.2% above its 52-week low of $111.29.
Gold Futures Settle Higher, Silver Rallies
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DG365FD46564GFH654FU898 Gold futures finished Tuesday’s COMEX session higher by $24.80, or 1.5%, at $1,655.60 per ounce amid a broad-based rally in precious metals.
Top Oversold U.S.-Listed Chinese Stocks (Jan 17, 2012)
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tdp2664 China Analyst Below are the latest oversold U.S.-listed Chinese stocks. New Oriental Education & Tech Grp (ADR) (NYSE:EDU) is the most oversold U.S.-listed Chinese stock on Jan. 17. It was down 11.3% on the day. EDU's upside potential is 57.4% based on brokerage analysts' average target price of $35.19. It is trading at 64.3% of its 52-week high of $34.77, and 8.5% above its 52-week low of $20.61. Rda Microelectronics Inc (ADR) (NASDAQ:RDA) is the second most oversold U.S.-listed Chinese stock on Jan. 17. It was down 6.2% on the day. RDA's upside potential is 55.6% based on brokerage analysts' average target price of $15.67. It is trading at 65.3% of its 52-week high of $15.43, and 42.6% above its 52-week low of $7.06. Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD) is the third most oversold U.S.-listed Chinese stock on Jan. 17. It was down 6.1% on the day. SPRD's upside potential is 88.3% based on brokerage analysts' average target price of $28.88. It is trading at 51.2% of its 52-week high of $29.98, and 78.6% above its 52-week low of $8.59. NetQin Mobile Inc (ADR) (NYSE:NQ) is the fourth most oversold U.S.-listed Chinese stock on Jan. 17. It was down 4.7% on the day. NQ's upside potential is 65.4% based on brokerage analysts' average target price of $11.00. It is trading at 55.9% of its 52-week high of $11.90, and 92.2% above its 52-week low of $3.46. Simcere Pharmaceutical Group (ADR) (NYSE:SCR) is the fifth most oversold U.S.-listed Chinese stock on Jan. 17. It was down 2.9% on the day. SCR's upside potential is 3.4% based on brokerage analysts' average target price of $9.06. It is trading at 63.7% of its 52-week high of $13.75, and 23.0% above its 52-week low of $7.12. Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) is the sixth most oversold U.S.-listed Chinese stock on Jan. 17. It was down 2.7% on the day. CTRP's upside potential is 60.8% based on brokerage analysts' average target price of $38.04. It is trading at 46.8% of its 52-week high of $50.57, and 7.4% above its 52-week low of $22.02. VanceInfo Technologies Inc.(ADR) (NYSE:VIT) is the seventh most oversold U.S.-listed Chinese stock on Jan. 17. It was down 2.6% on the day. VIT's upside potential is 25.0% based on brokerage analysts' average target price of $16.66. It is trading at 36.5% of its 52-week high of $36.56, and 115.3% above its 52-week low of $6.19. Giant Interactive Group Inc (ADR) (NYSE:GA) is the eighth most oversold U.S.-listed Chinese stock on Jan. 17. It was down 1.4% on the day. GA's upside potential is 61.9% based on brokerage analysts' average target price of $6.62. It is trading at 43.3% of its 52-week high of $9.45, and 35.4% above its 52-week low of $3.02. Trina Solar Limited (ADR) (NYSE:TSL) is the ninth most oversold U.S.-listed Chinese stock on Jan. 17. It was down 1.4% on the day. TSL's upside potential is 15.7% based on brokerage analysts' average target price of $10.92. It is trading at 30.4% of its 52-week high of $31.08, and 78.8% above its 52-week low of $5.28. Fushi Copperweld, Inc. (NASDAQ:FSIN) is the 10th most oversold U.S.-listed Chinese stock on Jan. 17. It was down 0.9% on the day. FSIN's upside potential is 18.2% based on brokerage analysts' average target price of $9.67. It is trading at 80.4% of its 52-week high of $10.18, and 101.5% above its 52-week low of $4.06. Semiconductor Manufacturing Int'l (ADR) (NYSE:SMI) is the 11th most oversold U.S.-listed Chinese stock on Jan. 17. It was down 0.8% on the day. SMI's upside potential is 3.0% based on brokerage analysts' average target price of $2.49. It is trading at 41.9% of its 52-week high of $5.78, and 14.2% above its 52-week low of $2.12. NetEase.com Inc (ADR) (NASDAQ:NTES) is the 12th most oversold U.S.-listed Chinese stock on Jan. 17. It was down 0.3% on the day. NTES's upside potential is 30.1% based on brokerage analysts' average target price of $58.16. It is trading at 81.3% of its 52-week high of $55.00, and 25.1% above its 52-week low of $35.74. China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) is the 13th most oversold U.S.-listed Chinese stock on Jan. 17. It was down 0.1% on the day. HTHT's upside potential is 49.6% based on brokerage analysts' average target price of $20.96. It is trading at 58.8% of its 52-week high of $23.84, and 16.8% above its 52-week low of $12.00.
Citigroup, Carnival Crushed — Tuesday’s IP Market Recap
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tdp2664 InvestorPlace France and Hungary were downgraded over the weekend, another big bank disappointed to start the week, and the markets seemed to care less as the Dow Jones and S&P 500 each ended Tuesday slightly up. Of course, that was little consolation to Citigroup (NYSE: C ), which sank more than 8% after releasing surprisingly bad fourth-quarter earnings results. The company reported Q4 earnings of 38 cents per share, down 5 cents from a year ago. Wall Street analysts actually expected an increase to 51 cents per share. Citigroup also said it would cut 5,000 workers and cut expenses by up to $3 billion. Of little comfort to investors were positive full-year numbers: Citigroup's 2011 earnings were up more than 6% at $11.3 billion. Also hurting Citigroup — at least by contrast — was the upbeat Q4 earnings report from Wells Fargo (NYSE: WFC ), which announced Street-beating profits of $4.11 billion, up 20% from a year ago. WFC shares spiked at the beginning of the day but ended up only about 0.7% at $29.83. Another stock getting hammered alongside Citigroup was Carnival Cruise Lines (NYSE: CCL ), which was down almost 14% — the market-side fallout from Friday's crash of the Costa Concordia cruise ship . The death toll was at 11 as of Tuesday morning, numerous passengers still are missing, and toxic fuel threatens the animals and wildlife along the Italian island of Giglio. Shares of competitor Royal Caribbean Cruises (NYSE: RCL ) was hit hard, too, down 6.2% on Tuesday. Three Up Provident Energy (NYSE: PVX ): Up 21.8% ($2.03) to $11.34. Nokia (NYSE: NOK ): Up 8.3% (43 cents) to $5.64. Research In Motion (NASDAQ: RIMM ): Up 8% ($1.30) to $17.47. Three Down Kinross Gold (NYSE: KGC ): Down 18.8% ($2.38) to $10.27. R.R. Donnelley & Sons (NASDAQ: RRD ): Down 15.8% ($2.28) to $12.13. Brocade Communications Systems (NASDAQ: BRCD ): Down 6.4% (37 cents) to $5.41. As of this writing, Kyle Woodley did not own a position in any of the aforementioned stocks.