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The SPDR Gold Trust GLD ETF (NYSE:GLD) looks like it is just about ready for another big move. Some time ago I did a post on why I thought it was prudent to be cautious on gold because there Read more…
Thursday saw a new record settle price of Gold at $1248.40 per troy ounce. While this is only slightly higher than the previous record high, it is still significant in the fact that we have seen Read more…
“Direxion Daily Financial Bear 3X ETF (NYSE:FAZ) options saw interesting call activity today. A total of 10,880 put and 67,544 call contracts were traded raising a low Put/Call volume alert Read more…
Fidelity Investments® announced today that the Fidelity® Nasdaq Composite Index® Tracking Stock (NASDAQ: ONEQ) will pay a quarterly dividend of $0.15 per share from net investment Read more…
In 2001, consensus opinion had the population of Beijing, China hitting 14 million by 2040. It topped that by 2003. Today, it has about 22 million people Read more…
Market internals continued to strengthen today in spite of the rise in jobless claims, weaker manufacturing, a tepid earnings report from Federal Express (FDX) and ongoing weakness in the Read more…
In trading on Thursday, the Gold Miners ETF (AMEX:GDX) is outperforming other ETFs, up about 2.7% on the day. Components of that ETF showing particular strength include shares of Pan Read more…
“It’s no secret that bank stocks have been absolutely crushed during the recession. Through the end of May, the financial sector within the S&P 500 lost 12.8% per year on average over the previous Read more…
As many investors have learned recently, financial innovation comes with a price. The cost of credit default swaps, for example, is opacity. Very few investors knew how the bloody things Read more…
Shorting the market is a tricky task. For one, you’re betting against the long-term upward bias of the market. Over time and on the whole, stocks tend to go up. When you go short Read more…
The plane shook and shuddered as we crossed mountain ranges and carved through unstable Asian air en route to India. Even less stable at the time were the countries below us. It was just after I’d witnessed the British handover of Hong Kong to the Chinese back in 1997. And no sooner had I left Read more…
“The SPDR S&P Homebuilders ETF (NYSE: XHB) — The housing sector got a punch in the nose yesterday, when housing starts dropped 10% from April to May. The drop was clearly a Read more…
It’s been a bright week so far for stocks and commodities. It appears that the down trend could have ended as of yesterday (Tuesday June 15th). In this mid-week report I figured I would bring Read more…
My impression of today’s trading action is more of the same. We are rallying on fumes (lighter and lighter volume) and it is an urgent warning to me that the market can retrace the rally that began Read more…
“The iShares MSCI Emerging Markets Index (NYSE:EEM) is down 0.3 percent to $39.82. Yesterday shares posted their highest close in a month after rebounding from $35.21 on May 25, a nine Read more…
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