David Zeiler: It would be the greatest garage sale in history. The United States Treasury possesses 261.5 million ounces of gold, worth about $392.25 billion at current prices. Read more…
NYSE:GLD, SDS, SLV, TBT, TLT
Weak home prices, high unemployment, and low economic growth are just a few of the reasons that consumer confidence has been sinking as of late, leaving many to feel very gloomy over the near-term economic outlook. With no end in sight to many of these problems, many consumers have Read more…
XRT
Stocks closed higher on Monday but on significantly lighter volume. All five major indices closed in the black with the Nasdaq (NASDAQ:QQQ) spring-boarding 1.3% higher. The small-cap Russell 2000 (NYSE:IWM) was close behind as it posted a 1.0% gain yesterday. The Dow Jones Industrial Average Read more…
NYSE:EWM, SRS
Brenna Hardman, MEB Options, discusses the headlines to watch this morning. Brenna takes a look at the iShares MSCI Brazil Index Fund (NYSE:EWZ), Brasil Read more…
NYSE:EWZ
The S&P’s held their 200-day moving average again yesterday as tech led the way. Perhaps this the beginning of week-long window dressing at the end of Q2? This morning US stock futures are flat, and much of the action today will likely be dictated by the result of the Greek austerity vote. After yesterday’s big bounce, it’s hard to chase stocks at these levels given the market’s inability to sustain moves higher. Read more…
OIH
Thomas Carreno: What is the verdict? The S&P 500 (NYSE:SPY) has for the last couple of weeks been trading in a rectangle formation with bit moves to the upside and big moves to the downside. Add up one big up move minus one big down move and the net result is zero progress. Or is it? Read more…
SDS, SH, SPY, SSO
Corey Rosenbloom: There seems to be a clean pattern repeating itself today that developed exactly one year ago which I’m finding interesting. Read more…
IAU, NYSE:GDX, NYSE:GLD
Sam Subramanian: Auto stocks have benefited from U.S. economic recovery from the Great Recession. The DJ U.S. Automobiles & Parts index ($DJUSAP) is up nearly 350% since March 2009 bottom. Read more…
IPD, NASDAQ:CARZ, NYSE:VROM, PALL, PPLT
Martin D. Weiss: Do you believe what government officials and experts are saying about the debt crisis? If so, you’re taking your financial life into your hands. Just consider how many times they’ve been wrong, issued deliberately misleading statements, or simply lied Read more…
NYSE:FAS, NYSE:FAZ, SKF, UYG, XLF
In trading on Monday, the ELEMENTS CS Global Warming ETN (NYSE:GWO) is outperforming other ETFs, up about 8.01% on the day. Also up on the day are the Read more…
NYSE:CVOL, NYSE:EWD, NYSE:GWO, NYSE:OLEM, PTD, RTSA
First Trust has filed paperwork with the SEC for a “First Trust ISE Cloud Computing Index Fund.” The Fund will seek investment results that correspond generally to the price and yield, before the Fund’s fees and expenses, of an equity index called the ISE Cloud Computing Index. The ISE Cloud Computing™ Index has been created to provide investors with a product allowing them to quickly take advantage of Read more…
NEW FILING
Jeb Handwerger: The recent release of 60 million barrels of oil (NYSE:OIL) will artificially lower the price. High oil prices has been the best catalyst for clean energy production and fuel efficient vehicles. Increasing the supply of oil may be pushing down the demand for rare earths Read more…
LIT, OIL, REMX, URA, USO
As the size of the ETF lineup has ballooned to nearly 1,300 products, there has been some criticism over the increased granularity and sophistication that is characteristic of many of the latest additions. Many of the ETPs that have hit the market over the last few years probably have very Read more…
AMEX:BHH, NYSE:DCNG, NYSE:DOD
When the markets began to decline last month, some of the year’s best performing exchange traded funds (ETFs) saw the highest level shorted since 2007. About 10% of total shares outstanding of all domestically traded etfs were Read more…
ICF, SMH, SOXX, XLU, XLV
Ron Rowland: PIMCO expanded its fixed income ETF menu with the June 17, 2011 introduction of PIMCO 0-5 Year High Yield Corporate Bond Index Fund (NYSE:HYS). HYS will attempt to replicate the price and yield performance of the BofA Merrill Lynch 0-5 Year US High Yield Constrained Read more…
NYSE:BSJF, NYSE:CORP, NYSE:HYG, NYSE:HYLD, NYSE:HYS
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