Saturday, November 13, 2010

DailyMarkets.com - Silver May Have Somewhat Moved Ahead Of Itself

DailyMarkets.com - Silver May Have Somewhat Moved Ahead Of Itself

Silver May Have Somewhat Moved Ahead Of Itself

Posted: 13 Nov 2010 03:35 AM PST

Now it's official! The yellow metal has gotten the golden seal of approval. This week none other than the President of the World Bank said leading economies should consider readopting a modified global gold standard to guide currency movements. Writing in the Financial Times, Robert Zoellick, the bank's president since 2007, says we need a successor to what he calls the "Bretton Woods II" system of floating currencies.

Zoellick is not exactly calling for currencies to be backed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Another Profitable Way To Trade Gold: Long-Term Options Calendar Spread

Posted: 13 Nov 2010 01:01 AM PST

At this point anyone following financial markets realizes that current market conditions are directly impacted by the movement of the U.S. dollar. Recently the dollar has shown strength and could potentially be putting in an intermediate or potentially longer term bottom. At this point it is a fool's game making predictions, but the current Dollar Index daily chart shows that the price is above the 20 day simple moving average which is generally a bullish signal. The daily chart of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bullish & Bearish Options Trades In The Stock Market: Citigroup, Disney, CF Industries, Fairchild, ADP, XOP, Nexen

Posted: 12 Nov 2010 11:04 PM PST

Over the last four sessions the action has been "the trend is your friend." But when you have an overwhelming sense of complacency, insurance should be looked at. This reminds me of the Mayhem commercials from Allstate, you have no insurance or cutthroat, and I guess it would make sense since you have had a clean record for the last 10 years. But lately there has been a rash of overnight fender-benders, then "bam", the unexpected happens, your car is hit and now you wish that you … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Picks For Monday: Intel, Halliburton, THQ, Walt Disney

Posted: 12 Nov 2010 10:40 PM PST

( click to enlarge )
Intel Corporation (NASDAQ:INTC) added 1.51% to $21.53, moving up to a new high for the uptrend from early September. The 52-week range of the stock is $17.60-$24.37.  INTC is currently testing minor resistance around $21.78, a small pause around this resistance is likely before further rally. Strong move above this resistance will take the stock higher to $22.27 or $22.82 in the medium-term. Inability to surpass $21.78 will pull the stock lower to $20.39 ( 200-day … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Week Ahead

Posted: 12 Nov 2010 09:00 PM PST

11/12/10 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude, Gold Suffer Biggest Losses In Weeks As G20, European Troubles Weigh

Posted: 12 Nov 2010 04:16 PM PST

North American Commodity Update
Commodities – Energy
A Financial Crisis and Calls for an Increase in Margin Spooks Oil Traders
Crude Oil (LS Nymex) – $84.88 // -$2.93 // -3.34%
Without a sense of exaggeration, crude plummeted on Friday. While technically this was only the largest percent decline since October 19th, its performance was made all the worse for the fact that the drop can be construed as a potential major reversal. After weeks of choppy advance (on a close-to-close basis, the market … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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