Sunday, January 16, 2011

DailyMarkets.com - Gold’s Correction Limbo: How Low Can It Go?

DailyMarkets.com - Gold’s Correction Limbo: How Low Can It Go?

Gold’s Correction Limbo: How Low Can It Go?

Posted: 16 Jan 2011 03:30 AM PST

It seems like the proverbial canary in the coal mine.

Stocks posted their seventh straight week of gains.

The VIX (a.k.a. the "Fear Index") has fallen to levels last seen when the Dow was above 14,000 in 2007.

Even 50 Cent made the headlines as a newly-minted stock guru. The rapper/mogul exposed his large twitter following to shares in an OTC Bulletin Board-listed penny stock that was marketing his new line of headphones. The tweet sent shares of the company from 10 cents to a high … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Weekly Outlook: January 17-21

Posted: 16 Jan 2011 03:06 AM PST

Forex Pros – Last week saw the U.S. dollar retreat from a three week high to close lower against the Swiss franc, as the greenback came under pressure following strong euro zone debt auctions and after a string of mixed U.S. economic data.

USD/CHF hit 0.9781 on Tuesday, the pair's highest since December 13; the pair subsequently consolidated at 0.9632 by close of trade on Friday, shedding 0.53% over the week.

The pair is likely to find short-term support at 0.9602, Friday's low and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Weekly Outlook: January 17-21

Posted: 16 Jan 2011 02:21 AM PST

Forex Pros – Last week saw the U.S. dollar close lower against the yen, after a series of successful euro zone debt auctions saw traders unwind dollar positions while a string of mixed U.S. economic data prevented the dollar from recouping early losses.

USD/JPY hit 82.4 on Friday, the pair's lowest since January 5; the pair subsequently consolidated at 82.85 by close of trade on Friday, shedding 0.43% over the week.

The pair is likely to find support at 82.4, Friday's low and resistance … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Weekly Outlook: January 17-21

Posted: 16 Jan 2011 01:23 AM PST

Forex Pros – Last week saw the euro post its biggest weekly gain against the U.S. dollar in more than two years, after successful debt auctions and remarks by the European Central Bank president boosted the single currency.

On Wednesday, Portugal successfully auctioned off debt with yields below the critical 7% threshold, a key level for whether Portugal would be forced to seek external financial aid. Spain and Italy’s first debt auctions of the year on Thursday also went well.

Euro … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold Miners At Important Levels

Posted: 16 Jan 2011 12:01 AM PST

As I pointed out in the last post, the only sector that looks particularly bearish here is gold and silver index. Looking further into it, it turns out that gold miners are at very important levels here. Following is a chart of Amex Gold Miners Index. Its been quite a drop in the past few weeks. The importance of this level is shown in the chart below. MA(200) seems to be coming to rescue of the bulls but the momentum lies firmly with the bears. Interesting times indeed!

And following … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Global Review (Jan 10–14, 2011): “Risk-on” As European Debt Worries Ease

Posted: 16 Jan 2011 12:00 AM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
A combination of successful sovereign bond auctions in peripheral European countries and a positive start to the U.S. fourth-quarter earnings season positively impacted investor sentiment during the past week.
The week's performance of the major asset classes is summarized in the chart below – a set of numbers indicating investors shunning the safe-havens. The U.S dollar, Treasuries and gold … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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Wealthtrack: Hyman & Stattman – Focus Globally

Posted: 15 Jan 2011 11:55 PM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
This week on Wealthtrack, Consuelo Mack continues her interview with Ed Hyman of ISI Group, Wall Street's long-time number one ranked economist, and Dennis Stattman, BlackRock's star Global Asset Allocation fund manager.
The discussion focuses on the economic prospects and investment opportunities internationally. (Last week they discussed the outlook for the U.S. economy and financial markets. If … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sentiment Signals: Surveys Still Toppish

Posted: 15 Jan 2011 11:50 PM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
Last week I reported on the results of the AAII Investor Sentiment Survey, showing that the bullish and bearish sentiment readings were at fairly extreme levels. Matters eased a bit over the week ended January 12, 2010, with the bulls declining to 52.3 from 55.8 in the previous week and the bears increasing to 23.4 from 18.2.

Sources: AAII Investor Sentiment Survey; Plexus Asset Management.
Wheras … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Doug Kass Shares His Market Insight

Posted: 15 Jan 2011 11:45 PM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
Hedge fund manager Douglas Kass of Seabreeze Partners defends his bearish calls during the 2010 rally and tells CNBC he sees opportunities in commodities going forward.

Doug Kass shares his market insight was first posted on January 16, 2011 at 9:45 am.
©2011 “Investment Postcards from Cape Town”. Use of this feed is for personal non-commercial use only. If you are not reading this article in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Week Ahead

Posted: 15 Jan 2011 11:35 PM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
The video clips below provide a handy summary of the reports expected on the economic, financial and corporate front around the globe during the week ahead.
U.S.: Goldman, Citi and Apple earnings on tap
U.S. corporate earnings season gets into full gear next week, with headline results from Goldman Sachs, Citi, Bank of America and Apple, among others.

Europe: Burberry, SABMiller in focus
British … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ruminations On China And India

Posted: 15 Jan 2011 11:30 PM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
In the short piece below Arjun Divecha, Director of GMO's Emerging Markets Division, shares some of his thoughts on China and India.
China: If you build it, they will come …
India: You're not going to build it, but they'll come anyway …
It occurred to me that this is a good metaphor for China and India and the resulting implications for growth and investment return.
Last month I had a long … [visit site to read more] or compare Best Credit Cards and Best CD Rates

APC Group, Inc. (APC), Primed For A Bullish Explosion

Posted: 15 Jan 2011 11:00 PM PST

Yes, you got that right! APC Group Inc. (APC), an energy unit of the much favored Belle Corporation (BEL), is indeed poised for a huge upswing in the days to come. APC's price action, in my opinion, is a technical work of art or a masterpiece to say the least. As you can see from its daily chart, APC's first notable move was when it broke out from an inverted head and shoulders pattern (highlighted in light blue). After the move, it reached a high of PHP 0.66 before tapering off, developing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: Couldn’t Raise Debt Ceiling … Please Help

Posted: 15 Jan 2011 11:00 PM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.

Laugh out Loud: Couldn't raise debt ceiling … please help was first posted on January 16, 2011 at 9:00 am.
©2011 “Investment Postcards from Cape Town”. Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at wordpress@investmentpostcards.com

Feed enhanced by the Add … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bullish Sentiment Could Dampen Stock Market Rally

Posted: 15 Jan 2011 08:12 PM PST

After the close on December 20 with the S&P 500 standing at 1,247, we performed an analysis which led to the conclusion bullish stock market sentiment was not a barrier to further stock gains. Since then, the S&P 500 has gained 3.12% and the Investors Intelligence Advisory Sentiment Bull/Bear Ratio has increased from 2.77 to 3.00. With valuations and market technicals currently stretched, it is a good time to revisit the possible role of sentiment in the weeks ahead.

Stock … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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