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Stocks faded modestly on Monday, on mixed trade. All five major indices closed in the red yesterday. The small-cap Russell 2000 saw the most weakness, as it fell 0.6%. The S&P MidCap 400 lost 0.5%, while both the Nasdaq and the DJIA faded 0.4%. The S&P 500 Read more…
Gold and Silver ETFs are lower in afternoon trading today. There is more pressure to the downward side in the silver trade for investors. Looking at the high volume gold and silver ETFs, the SPDR Gold Trust (NYSEARCA:GLD) was trading 0.84% lower at $159.03, the iShares Silver Trust Read more…
Stocks closed mixed on Wednesday on modestly higher volume. Large cap tech stocks weighed down the market for most of the day. After being ravaged by almost 2.5%, the Nasdaq (NASDAQ:QQQ) surged higher late in the session to close down only 1.0% on the day. All the other major indices posted Read more…
Larry Edelson: In last week’s video and in my Nov. 7 column, I gave you very specific forecasts on key markets: The Dow Industrials, gold, silver, the euro and oil. Read more…
NYSE:EUO, NYSE:GLL, NYSE:SCO, NYSE:SDOW, NYSE:SPXU, NYSE:ZSL
George Maniere: I had at least six emails today asking if the run in gold and silver were over. The answer is most definitely – Maybe!!!! My regular readers know that I have been predicting silver at $50.00 an ounce by year’s end. I believe that the drivers of gold and silver remain intact. The fact is that Read more…
Friday was a bad day for Wall Street as stocks fell sharply and closed near session lows. All five major indices plummeted more than two percent with higher beta issues leading the decline. Both the small-cap Russell 2000 (NYSE:IWM) and the S&P MidCap 400 plunged 2.8% while the Nasdaq Read more…
George Maniere: For the last several weeks I have had readers mailing me asking why gold (NYSE:GLD) and silver (NYSE:SLV) have been selling off. The answer is very simple. There is a strong correlation Read more…
Chris Vermeulen: A few weeks ago I wrote about how gold (NYSE:GLD) was starting to top and that everyone should expect a very sharp drop to the low $1600 area. How I came to this conclusion was though the use of inter-market analysis combining price patterns, gold futures volume, the dollar index and market sentiment Read more…
If dollar-dumping turns from a trickle into a flood, look out. Exploding prices (aka exorbitant inflation) resulting from the devaluation of the dollar will compound the problems we saw in 2007–2009. Catastrophe will come when everybody realizes Read more…
Toby Connor: I realize that most people that come to this blog are bullish on gold (NYSE:GLD). I myself am definitely bullish long-term. That being said warning signs are starting to build. Read more…
ETF BASIC NEWS, NYSE:AGQ, NYSE:DZZ, NYSE:GDX, NYSE:GLD, NYSE:SLV, NYSE:ZSL
By Cullen Roche: Few investment legends have weathered more than Richard Russell. Born in the Great Depression, Russell knows what it’s like to live in hard times. And in this new normal he has some survival tips. The following are courtesy of Russell’s Dow Theory Letters: Read more…
Jordan Roy-Byrne: A cup and handle pattern is a bullish continuation pattern that represents a period of consolidation followed by an eventual breakout, which is the continuation of the previous trend. Typically these patterns last months and not weeks or days. Cup and handle patterns also Read more…
Jason Simpkins: Gold prices had another record-breaking day yesterday (Monday), with gold for December delivery climbing 2.1% to close at another all-time high of $1,891.90 an ounce on the Comex. Read more…
George Maniere: Politicians should stick to what they’re good at, groveling for money to fund their next re-election campaign and making pompous speeches to stir up even more partisan bickering. What they should not do is stop making believe that they know anything about economics. Read more…
George Maniere: Yesterday I had a dozen readers write to me asking if we should we be buying into the market now or commenting on what great bargain prices these stocks are selling for. I have written many times that “sometimes doing nothing is doing something”. I told them that the hardest Read more…
| INDU | 0.00 | |||||||
| NASDAQ | 3191.80 | |||||||
| S&P 500 | 1465.71 | |||||||
| DIA | 136.01 | |||||||
| SPY | 146.4809 | |||||||
| QQQ | 70.48 | |||||||
| GLD | 172.92 | |||||||
| SLV | 33.9699 | |||||||
| XLF | 15.94 | |||||||
| UNG | 19.59 | |||||||
| USO | 34.7199 | |||||||
| VXX | 8.805 | |||||||
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