Friday, February 25, 2011

DailyMarkets.com - Are Gold & Silver Already Too High, Or Is The Rally Just Starting?

DailyMarkets.com - Are Gold & Silver Already Too High, Or Is The Rally Just Starting?


Are Gold & Silver Already Too High, Or Is The Rally Just Starting?

Posted: 25 Feb 2011 03:35 AM PST

In its latest Gold Demand Trends 2010 report, the World Gold Council said gold demand hit a decade high as jewelry buyers returned to the market after the previous year’s near-absence and central banks became net buyers. Early indications this year suggest buying interest in main consumers India and China will stay firm. Gold is all aglitter for Chinese Investors as rising inflation and currency appreciation risks make the metal an attractive alternative, placing the country in a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


S&P 500 VIX Index: Is It Forecasting A Shaky Stock Market?

Posted: 25 Feb 2011 03:20 AM PST

The cycles on the SP500 VIX Index is ominous. The VIX cycles have a mixed performance, yet recently they look good. Time to wear your hard hat, as things may fall down.

Bearish headwinds
- Oil
- Dollar falling pushing up commodities
- Europe debt crisis (March Elections: Germany and Ireland, Italy spike in CDS prices)
- Obama mortgage adjustment legislation
- SP500 profits peaking
- Bullish sentiment

I am sure this is good news out there, but this post I am wearing my bearish hat … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Russian Central Bank Raises Refi 25bps To 8.00%

Posted: 25 Feb 2011 02:11 AM PST

The Central Bank of the Russian Federation increased the refinancing rate by 25 basis points to 8.00% due to “expectations of high inflation,”. The Bank also increased the required reserve ratio on credit institutions’ liabilities to non-resident legal entities in rubles and foreign currency by 100bps to 4.5% from 3.5%, and the required reserve ratio on credit institutions’ liabilities to individuals and other liabilities in rubles and foreign currency 50bps to 3.5% from 3.0%. Russia recorded … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Up In European Trading Hours

Posted: 25 Feb 2011 02:10 AM PST

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday.

AUD/USD was trading at 1.0105, up 0.17% at time of writing.

The pair was likely to find support at 0.9967, Tuesday's low, and resistance at 1.0144, Monday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.12% to hit 1.3664 and AUD/JPY rising 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up In European Trade

Posted: 25 Feb 2011 01:30 AM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday.

USD/JPY was trading at 82.03, up 0.18% at time of writing.

The pair was likely to find support at 81.63, Thursday's low, and resistance at 83.53, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.07% to hit 1.3809 and GBP/USD falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Eurozone M3 Money Supply

Posted: 25 Feb 2011 01:09 AM PST

Eurozone M3 Money Supply y/y came in at 1.5%, weaker than the 2.1% expected.
Eur/Usd is just off session low (1.3794), currently trading at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up In European Trading Hours

Posted: 25 Feb 2011 12:55 AM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3805, up 0.04% at time of writing.

The pair was likely to find support at 1.3526, Tuesday's low, and resistance at 1.3838, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8555 and EUR/JPY rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up During The European Session

Posted: 25 Feb 2011 12:10 AM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.

GBP/USD was trading at 1.6140, up 0.01% at time of writing.

The pair was likely to find support at 1.6085, Thursday's low, and resistance at 1.6274, Wednesday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.11% to hit 0.8561 and GBP/JPY falling 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: Sara Lee Corp. (SLE)

Posted: 24 Feb 2011 11:05 PM PST

Sara Lee Corp. (NYSE:SLE) is a global manufacturer as well as marketer of high-quality brand products and possesses a formidable portfolio of well-established brands. However, as the company uses different commodities and raw materials, cost-push inflation remains a key risk factor.
Further, with the intense competition prevailing in the branded food market, Sara Lee is constantly under pressure to maintain its position. In addition, after the resignation of Sara Lee’s Chairman and Chief Executive … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: Lorillard, Inc.

Posted: 24 Feb 2011 11:05 PM PST

Lorillard, Inc. (NYSE:LO) carried its momentum into the fourth quarter and reported fourth quarter earnings per share of $1.74, beating the Zacks Consensus Estimate by 4%. It was the cigarette maker’s fifth consecutive positive earnings surprise.
The company produces strong and stable cash flows and has been rewarding shareholders through stock buy backs and dividend increases. It currently yields a hefty 6.6%.
Fourth Quarter Results
Lorillard reported its results for the fourth quarter on … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: Ryder System, Inc. (R)

Posted: 24 Feb 2011 11:05 PM PST

We are upgrading our recommendation on Ryder System (NYSE:R) to Outperform on strong fourth quarter results and a solid outlook. The fourth quarter earnings beat the Zacks Consensus Estimate on improved commercial rental businesses.
Improved demand and supply conditions, strong performance in commercial rental and used vehicle sales, as well as solid volumes in supply chain business is expected to enhance the operating results going forward. Ryder’s continued investment in fleets and technology … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: AGCO Corp.

Posted: 24 Feb 2011 11:05 PM PST

AGCO Corp. (AGCO) recently hit a new 52-week high at $57.20 on the heels of strong Q4 results that included a 16% earnings surprise. With estimates trending higher and a bullish growth projection, this Zacks #2 rank stock offers more than a grain of momentum.
With farmers scoring record profits on higher grain prices, AGCO delivered solid Q4 results on Feb 4 that handily beat expectations.
Fourth-Quarter Results
Revenue for the period was up 19% from last year to $2.2 billion. Earnings also … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: 3D Systems Corp

Posted: 24 Feb 2011 11:05 PM PST

3D Systems Corp (NASDAQ:TDSC) has been on fire in recent months. While valuations may be high, there will be gains to be had given the strong earnings momentum.
If you are looking for a short-term, high-growth play, this Zacks #1 Rank (Strong Buy) is a great candidate.
Company Description
3D Systems provides 3-D printing, prototyping and manufacturing services and parts.
Record-Setting Revenue
Since being featured back in April 2010, 3D Systems trended sideway before taking off thanks to the past 2 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Asian Markets Close Higher; Nikkei Up 0.71%

Posted: 24 Feb 2011 11:00 PM PST

Forex Pros – Asian stocks were up after the closing bell on Friday.

At the close of Asian trade, Japan's Nikkei 225 index rose 0.71%, Australia's S&P/ASX 200 index gained 0.57%, while Hong Kong's Hang Seng Index was trading 1.72% up.

Meanwhile, the outlook for U.S. equity markets was upbeat. Dow Jones Industrial Average futures indicated a gain of 0.23%, S&P 500 futures pointed to an increase of 0.26% and Nasdaq 100 futures indicated a rise of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up During The Asian Session

Posted: 24 Feb 2011 10:20 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3814, up 0.10% at time of writing.

The pair was likely to find support at 1.3526, Tuesday's low, and resistance at 1.3838, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8554 and EUR/JPY rising 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up In Asian Trade

Posted: 24 Feb 2011 09:50 PM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.

GBP/USD was trading at 1.6152, up 0.08% at time of writing.

The pair was likely to find support at 1.6085, Thursday's low, and resistance at 1.6274, Wednesday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8558 and GBP/JPY rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/CHF Up In Asian Trading Hours

Posted: 24 Feb 2011 09:20 PM PST

Forex Pros – The Euro was higher against the Swiss Franc on Friday.

EUR/CHF was trading at 1.2793, up 0.06% at time of writing.

The pair was likely to find support at 1.2707, Thursday's low, and resistance at 1.2977, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.22% to hit 1.3830 and EUR/JPY rising 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Down During Asian Trade

Posted: 24 Feb 2011 08:50 PM PST

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Friday.

USD/CHF was trading at 0.9253, down 0.12% at time of writing.

The pair was likely to find support at 0.9234, Thursday's low, and resistance at 0.9506, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.20% to hit 1.3827 and USD/JPY rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stocks To Trade For Friday: AAPL, SBUX, CTSH, VIT

Posted: 24 Feb 2011 08:30 PM PST

Another weak day on Thursday and we had a couple of intraday whipsaws. We saw some aggressive buyers show up early on in the day but their bids got smacked back down killing all momentum.

It looked like this false breakout would be the end of it but we did see buyers step up again at aggressive (higher risk) entry area late in the day. When it was all said and done this second rally held and the major indices have held their first major test at their 50 day moving average mark. This … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Up During The Asian Session

Posted: 24 Feb 2011 08:20 PM PST

Forex Pros – The Euro was higher against the British Pound on Friday.

EUR/GBP was trading at 0.8561, up 0.11% at time of writing.

The pair was likely to find support at 0.8384, Tuesday's low, and resistance at 0.8577, today's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.15% to hit 1.3821 and EUR/JPY rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


An Unsustainable Public Worker Gravy Train Bubble

Posted: 24 Feb 2011 07:52 PM PST

Andrew Biggs (AEI) and Jason Richwine (Heritage) provide evidence in today’s WSJ of the “public worker gravy train” in California, where government workers are compensated up to 30% more generously than their private-sector counterparts in large private companies.  Reasons for the huge public-sector premium?  They point to three sources:

1. Public-sector pension programs are more generous than those in the private-sector. 

2. Public-sector medical benefits, both while working … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Fluctuates Wildly On Supply Concerns, Gold Falls After Hitting Resistance

Posted: 24 Feb 2011 07:51 PM PST

Commodities – Energy
Crude Fluctuates Wildly on Supply Concerns
Crude Oil (WTI) – $96.88 // $0.40 // 0.41%
Commentary: Wednesday was the most volatile day of the week thus far in crude oil markets. WTI fell by $0.82, or 0.84%, to settle at $97.28 after rising as high as $103.41. Brent initially got as high as $119.79, up 8.5% in the session, but settled only $0.11, or 0.1%, higher at $111.36. Estimates for the amount of crude oil shut-in in Libya have risen, with some now suggesting 1.2 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up On Economic Data

Posted: 24 Feb 2011 07:40 PM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of Japanese data on Tokyo Core CPI.

USD/JPY was trading at 81.91, up 0.03% at time of writing.

The pair was likely to find support at 81.63, Thursday's low, and resistance at 83.53, Monday's high.

Earlier in the day, official data showed that Tokyo's core consumer price inflation fell more-than-expected to at annualized rate of -0.40% last month from -0.20% in the preceding month.

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


Forex – USD/CAD Down In Asian Trading Hours

Posted: 24 Feb 2011 07:10 PM PST

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday.

USD/CAD was trading at 0.9818, down 0.09% at time of writing.

The pair was likely to find support at 0.9817, today's low, and resistance at 0.9960, Wednesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.20% to hit 1.3828 and GBP/USD rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Up During Asian Trade

Posted: 24 Feb 2011 06:30 PM PST

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday.

AUD/USD was trading at 1.0111, up 0.23% at time of writing.

The pair was likely to find support at 0.9967, Tuesday's low, and resistance at 1.0144, Monday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.05% to hit 1.3674 and AUD/JPY rising 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up During The Asian Session

Posted: 24 Feb 2011 06:05 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3825, up 0.18% at time of writing.

The pair was likely to find support at 1.3526, Tuesday's low, and resistance at 1.3837, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.14% to hit 0.8564 and EUR/JPY rising 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Up During Asian Trade

Posted: 24 Feb 2011 05:35 PM PST

Forex Pros – The Euro was higher against the Japanese Yen on Friday.

EUR/JPY was trading at 113.33, up 0.29% at time of writing.

The pair was likely to find support at 112.20, Thursday's low, and resistance at 114.25, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.17% to hit 1.3823 and EUR/GBP rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/JPY Down During The Asian Session

Posted: 24 Feb 2011 05:00 PM PST

Forex Pros – The British Pound was lower against the Japanese Yen on Friday after the release of Japanese data on Tokyo Core CPI.

GBP/JPY was trading at 132.14, down 0.01% at time of writing.

The pair was likely to find support at 131.51, Thursday's low, and resistance at 135.46, Monday's high.

Earlier in the day, official data showed that Tokyo's core consumer price inflation fell more-than-expected to at annualized rate of -0.40% last month from -0.20% in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market Summary For Thursday, February 24, 2011

Posted: 24 Feb 2011 04:24 PM PST

Today was a volatile session in the market with the major indexes finishing mixed. Investor participation eased somewhat and market breadth was neutral overall. At some points in today’s session stocks appeared destined for another day of brutal selling. However, the market was able to show resilience and rebound somewhat. We are leaving the support levels the same on the DJIA and S&P 500 but raising it slightly for the Nasdaq Composite (see below). We are raising the resistance levels on … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Who Programs Watson’s Children?

Posted: 24 Feb 2011 12:32 AM PST

The field of artificial intelligence has come a long ways from the early days of ELIZA. Now that Watson has bested top humans in the game of Jeopardy, a task in which a computer program has had to deal with the vagaries of natural language, we can definitively state that computers can pass the Turing Test. For newbies, the Turing Test was proposed by Alan Turing in the early days of computing, where:
The Turing Test is a test of a machine’s ability to demonstrate intelligence . A human judge … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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