Saturday, January 29, 2011

DailyMarkets.com - Short-Term Rally In Gold?

DailyMarkets.com - Short-Term Rally In Gold?

Short-Term Rally In Gold?

Posted: 29 Jan 2011 07:55 AM PST

January has been a tough month for gold. From its year-end 2010 price of $1,420 an ounce to its recent low just over $1,320, gold has lost some $100 – about seven percent. In percentage terms, this doesn't amount to much of a correction in the metal's 10-year- old bull market. Gold has corrected in price in excess of 20% no less than 46 times since the onset of the bull market in 2001. Each time, the market mavens heralded the bull market's demise.

On Wednesday, the World Gold … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Real GDP Now Above Pre-Recession Level

Posted: 29 Jan 2011 06:57 AM PST

WSJ — “U.S. economic output finally regained the level reached before the recession, as growth sped up on stronger consumer spending and exports (see chart above). 

Gross domestic product—a broad measure of all goods and services produced—grew at a 3.2% annual rate in the fourth quarter. That’s up from the 2.6% pace notched the quarter before and confirms the view held by many economists and stock-market investors that the economy is gaining enough momentum to start bringing down … [visit site to read more] or compare Best Credit Cards and Best CD Rates

State Bank Of Pakistan Holds Rate At 14%

Posted: 29 Jan 2011 05:54 AM PST

The State Bank of Pakistan held its monetary policy rate unchanged at 14% even as inflation remained in the double digits. Pakistan recorded an inflation figure of 15.46% in December, while the Pakistan economy grew 2.0% in 2009, with the government forecasting economic growth of 2.5% in the year ending June … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Leisure & Resorts World Corporation (LR) Bound For A Correction?

Posted: 29 Jan 2011 05:07 AM PST

Leisure & Resorts World Corporation or LR in the Philippine Stock Exchange has taken the Philippine domestic market by storm with its stellar gains over the past couple of months. Back in December 1, 2010, LR was just trading at around PHP 2.72. Since then it had erupted on a really fast pace without showing signs of letting up. Last week, it reached a high of PHP 8.80 before closing at PHP 8.00 on Friday. Now that's a gain of 224% less than two months. Amazing. So looking now at its … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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