Tuesday, October 5, 2010

DailyMarkets.com - Jim Rogers Sees $2,000 Gold, and My Contrarian Take On Silver

DailyMarkets.com - Jim Rogers Sees $2,000 Gold, and My Contrarian Take On Silver


Jim Rogers Sees $2,000 Gold, and My Contrarian Take On Silver

Posted: 05 Oct 2010 03:50 AM PDT

In an exclusive interview with CNBC on Monday, Oct. 4, Jim Rogers talks about commodities, bond and the currency market.

Commodities to Outshine Stocks and Bonds

Because of the global central banks' money printing express, Rogers says commodities will outperform equities regardless if the economy recovers or not.  However, not all commodities are created equal, he points out in the case of aluminum, whose price is lagging mostly due to the increased capacity in China.

He … [visit site to read more]


Singapore Stock Market Update For Tuesday 05 October

Posted: 05 Oct 2010 03:16 AM PDT

Morning Highlights

Singapore Stocks opened lower after Wall Street shares fell as investors took profits on recent gains. STI down 9.73 points to open at 3147.72.
High chance that market is through sideway consolidations, hence, the quick picks herein are mostly for reference to lookout for.

Singapore September PMI

Taisin display strong interest, to watch out for 0.295

PEC broke 1.10

Watch Out For Economic News Today

Hong Kong September PMI

BOJ Rate Announcement

U.S September … [visit site to read more]


11 Long-Term Trends That Are Destroying The U.S. Economy

Posted: 05 Oct 2010 03:01 AM PDT

The U.S. economy is being slowly but surely destroyed and many Americans have no idea that it is happening.  That is at least partially due to the fact that most financial news is entirely focused on the short-term.  Whenever a key economic statistic goes up the financial markets surge and analysts rejoice.  Whenever a key economic statistic goes down the financial markets decline and analysts speak of the potential for a “double-dip” recession.  You could literally get whiplash … [visit site to read more]


Chart Analysis Of Arena Pharmaceuticals: Bullish Engulfing Pattern

Posted: 05 Oct 2010 02:30 AM PDT

Below is a highly requested chart analysis from Monday's action.

Arena Pharmaceuticals (NASDAQ:ARNA)

Click with Hand to Enlarge

A/D line: A strong negative trend which signaled a potential start of a reversal today

ADX line:  bearish trend

MACD: Nearing a buy signal

CMF (21): Bearish, anything -.50 or lower is very bearish.

OBV: Confirmed all moves in the PPS, setting up for a reversal

RSI: Strong oversold signal with indicator of a reversal

Technical … [visit site to read more]


Don’t Chase Gold And Silver Higher, Wait For Secondary Buy Point

Posted: 05 Oct 2010 02:15 AM PDT

A couple of weeks ago I mentioned the the dollar was on the verge of a collapse. The dollar has significantly fallen since that time and is now reaching extremely oversold levels evidenced by the stochastics and RSI. So a dead-cat bounce may be beginning in the dollar, which may put short-term pressure on equities and miners.

Could we be on the verge of the next deflationary crisis? Ben Bernanke said he's still concerned about deflation. The financial system is still under pressure … [visit site to read more]


Forex Trading: Euro Retail Sales At 5

Posted: 05 Oct 2010 01:59 AM PDT

Forex Trading: Euro Continues Gains On Better Final Services PMI

Posted: 05 Oct 2010 01:11 AM PDT

Eurozone final services PMI came in at 54.1; better than the survey of 53.6 and prior reading of 53.6. The EUR/USD is currently trading off session highs of … [visit site to read more]


Forex Trading: BOJ Surprises Forex Market With Interest Rate Cut And Bond Purchases

Posted: 05 Oct 2010 12:20 AM PDT

BOJ Surprises Forex Market with Interest Rate Cut and Bond Purchases
The yen is taking center stage today following the completion of the Bank of Japan two-day policy meeting. Traders were anticipating further calls for intervention but were surprised to hear of a cut in the interest rate and a new fund to purchase assets.
Economic News
USD – Greenback Gains on Renewed Euro-Zone Concerns
The U.S. dollar gained versus the EUR Monday as renewed concerns regarding euro zone debt problems weighed … [visit site to read more]


Earnings Downgrades On Alcoa And Microsoft Dampen Stock Market Sentiment

Posted: 05 Oct 2010 12:04 AM PDT

In our tightly knit world, the trends seem to ebb and flow around the globe like the tides.

Today the tide seems to be going out after the record setting September action and October could easily be setting up to retain its "scary month" status and a move to the "risk off" trade.

Earnings downgrades on Alcoa (NYSE:AA) and Microsoft (NASDAQ:MSFT) dampened the "animal spirits," particularly at the start of a pivotal earnings season and with Alcoa set to kick things off with their … [visit site to read more]


Crude Oil Little Changed After Key Port Shuts Down, Gold Falls The Most Since August

Posted: 04 Oct 2010 11:51 PM PDT

Commodities – Energy
Crude Oil Little Changed After Key Port Shuts Down
Crude Oil (WTI) – $81.26 // $0.21 // 0.26%
Commentary: Crude oil held onto most of the gains from the past two weeks, falling only $0.11, or 0.13%, on Monday, despite a more significant 0.8% decline in U.S. equity markets. The session could best be described as one of profit taking, with no notable news to spur conviction from traders. That being said, it is worth mentioning that the Houston Ship Channel has been … [visit site to read more]


5 Alternative Investments To Consider

Posted: 04 Oct 2010 11:28 PM PDT

Are you one of the millions of people who lost money over the past decade in stocks and housing who is now buying bonds, annuities, and other fixed deposit credit based investments? If so you are probably doing so because you think it is the conservative thing to do but, in fact, you are really being a speculator buying an asset far above its intrinsic value with the idea that someone else will pay even more and such action is guaranteed to disappoint. Instead, you should make alternative … [visit site to read more]


Watershed Strategic Ramifications Expected From Pakistan Flood Disaster

Posted: 04 Oct 2010 11:15 PM PDT

Flooding along the Indus River Valley in Pakistan, beginning in July 2010, seems set to be a pivotal strategic factor in the Northern Indian Ocean and Persian Gulf region. It should be expected to significantly affect the conduct and outcome of the US-led Coalition military operations in Afghanistan.

Despite this, the US and international response has been minimal, and just more than half the $460-million requested by the United Nations for disaster relief had been disbursed by … [visit site to read more]


Bull Of The Day: Access Pharma

Posted: 04 Oct 2010 11:05 PM PDT

Access Pharma (ACCP)is a biopharmaceutical company focused on developing a range of pharmaceuticals primarily based upon the company s three key drug delivery technologies. Access currently has one approved product MuGard for the management of oral mucositis. Two cancer drug candidates ProLindac and Thiarabine are in phase II studies.
We are especially impressed with the company s Cobalaminbased oral drug delivery system. Both oral insulin and human growth hormone have achieved unprecedented … [visit site to read more]


Bear Of The Day: Penn Virginia L.P.

Posted: 04 Oct 2010 11:05 PM PDT

The recent announcement of Penn Virginia L.P.’s (PVE) merger with its general partner is expected to reap profits in the long term, benefiting from the partnership s lower cost of capital.
This would place the company in a better position to compete for acquisitions, increasing returns on future transactions. However, this transaction would, in our opinion, be dilutive to the partnership s distributions in the near term, affecting investor sentiments.
Based on expectations for lower … [visit site to read more]


Aggressive Growth Stock: Thor Industries

Posted: 04 Oct 2010 11:05 PM PDT

Thor Industries, Inc. (NYSE:THO) shares surged to pressure the 52-week high after the recent earnings release. The company is atop its industry and is still trading with good valuations.
Company Description
Thor is the largest recreational vehicle maker. Additionally the company makes commercial buses varying in size and ambulances.
Beat the Street
On Sep 28 Thor reported fourth-quarter and fiscal year end results that delighted investors. Quarterly sales were up 51%, to $664 million over the past … [visit site to read more]


Growth & Income Stock: The Coca-Cola Company

Posted: 04 Oct 2010 11:05 PM PDT

The Coca-Cola Company (NYSE:KO) recently delivered strong second quarter results ahead of its own long-term targets. Growth was particularly strong overseas and in its non-carbonated beverages.
Coca-Cola’s famous soft-drink (and logo) is recognized in nearly every corner of the globe. The company was founded in 1892 and has global sales of nearly $32 billion.
Second Quarter Results
The company recently reported second quarter earnings per share of $1.06, beating the Zacks Consensus Estimate by 4 … [visit site to read more]


Momentum Stock: National Beverage Corp.

Posted: 04 Oct 2010 11:05 PM PDT

National Beverage Corp. (NASDAQ:FIZZ) recently hit a new multi-year high after reporting its fourth earnings surprise in the last four quarters. As a proven performer in a challenging consumer environment, this Zacks #1 rank stocks looks like a solid momentum pick.
Company Description
National Beverage Corp. develops, manufactures and sells a line of beverage products in the United States. Some of the company’s more popular brands include Shasta, Faygo and LaCroix. National Beverage Corp. was … [visit site to read more]


Stock Picks For Tuesday: Apple, Electronic Arts, Generex Biotechnology

Posted: 04 Oct 2010 06:04 PM PDT

( click to enlarge )
My technical indicators show that the current short term bearish outlook on Apple Inc. (NASDAQ:AAPL) has big probability to continue. The stock broke the key level at $279.8. Further fall is now in favor. My model is short, targeting $273 area. If the weakness continues and the stock breaks this support, there will be a good chance that the stock will test the $262 support ( 50 day moving average ). Keep a close eye on AAPL for the next few trading days.

( click to … [visit site to read more]


Confidence Still Lacking

Posted: 04 Oct 2010 05:49 PM PDT

Many mainstream experts maintain that the economy is in better shape than pessimists claim because consumer spending has remained rather resilient. While it is true that personal consumption expenditures are now higher in nominal terms than they were at the beginning of the Great Recession, one look at the breakdown between the various categories reveals an interesting divergence.

When it comes to spending on items that tend to be consumed fairly quickly, the trend over the past three … [visit site to read more]


Wall Street’s Global Race To The Bottom

Posted: 04 Oct 2010 05:30 PM PDT

Wonder what's happening with bank reform? Watch your wallets.
Having created giant loopholes in the Dodd-Frank law recently passed by Congress (keeping "customized" derivatives underground, for example), fighting off attempts to cap the size of the biggest banks, and keeping capital requirements relatively modest, Wall Street is now busily whittling back the rest through regulations.
Squadrons of lawyers and lobbyists are now pressing the Treasury, Comptroller of the Currency, SEC, and … [visit site to read more]


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