DailyMarkets.com - Gold Will Outperform After Stocks Peak

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• Gold Will Outperform After Stocks Peak
• Veeco Beats Estimates
• In The Head Of U.S. Energy Secretary Chu
• People’s Bank Of China Raises Rate 25bps To 6.06%
• German Industrial Production Falls Unexpectedly In December
• Forex – EUR/CHF Hits Daily High After Hawkish ECB Remarks
• Forex – USD/CHF Dips As Risk Appetite Dents Dollar Demand
• Chaos In Egypt Brings Risk And Opportunity In Oil Stocks
• Euro Stocks Mixed With Earnings In Focus; DAX Up 0.23%
• Identity Theft And Credit Monitoring – Is It Worth It? One Couple’s Story
• Obama’s Deal With The U.S. Chamber Of Commerce
• Forex – Dollar Broadly Lower Vs. Rivals As Risk Appetite Sharpens
• Forex – GBP/USD Erases Gains Despite Strong U.K. Data
• Forex – USD/JPY Down As Risk Appetite Boosts Asian Currencies
• Forex – NZD/USD Hits 4-day High As Risk Sentiment Strengthens
• Asia Stocks Mixed, Financials Jump; Nikkei Up 0.41%
• Forex – AUD/USD Hits 2-day High As Risk Appetite Improves
• Central Bank Of Sri Lanka Holds Rate At 7.00%
• Bear Of The Day: Universal Tech Institute (UTI)
• Growth & Income Stock: Jack Henry & Associates, Inc.
• Aggressive Growth Stock: Open Text Corp.
• Momentum Stock: OYO Geospace Corp.
• Bull Of The Day: CB Richard Ellis Group (CBG)
• Forex – GBP/USD Up In Asian Trade
• Forex – EUR/CHF Up In Asian Trading Hours
• Crude Profit Taking Picks Up Pace, Gold Struggles Near $1350
• Forex – USD/CHF Down During Asian Trade
• Forex – EUR/GBP Up During The Asian Session
• Forex – USD/JPY Down During Asian Trade
• Forex – USD/CAD Down In Asian Trading Hours
• Obama’s Conundrum
• The Pain Of The Unbitten Bullet
• Forex – AUD/USD Down During Asian Trade
• Infograghic Du Jour: Oilfield Vs. Cornfield
• Singapore Stock Market Update For Tuesday 08 February
• Stock Market Summary For Monday, February 7, 2011

Gold Will Outperform After Stocks Peak Posted: 08 Feb 2011 03:35 AM PST At the end of December we posted a commentary titled "Three Things that could Halt Gold's Run." We theorized that strength in conventional markets pressures Gold. When stocks perform well, mainstream gurus and stock jocks can ignore Gold. Here is a snippet of our comment: Currently, stocks are performing well as are commodities led by energy. As a result, some investors feel they won't need to invest in Gold if the "conventional" options are performing well. I expect this to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Veeco Beats Estimates Posted: 08 Feb 2011 03:35 AM PST Veeco Instruments Inc. (NASDAQ:VECO) reported non-GAAP diluted earnings per share of $1.62 for the fourth quarter 2010, ahead of the Zacks Consensus Estimate of $1.58. The result compares favorably with last year's 36 cents. For the financial year 2010, the company earned $4.42 per share, a considerable gain from 21 cents in the previous year. The Zacks Consensus was at $4.39. Quarter in Detail Revenue for the reported quarter of $300.0 million missed the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

In The Head Of U.S. Energy Secretary Chu Posted: 08 Feb 2011 03:20 AM PST As most readers of this short paper probably know, Dr Steven Chu is the energy secretary of the United States, a physicist, and a Nobel Laureate. Discovery Magazine, in its latest issue (2011), selected what it called  the “100 top stories of 2010″, one of which was authored by an editor of Discovery, and whose main purpose was  to verify Dr Chu’s green credentials. Some important observations of the Econ 101 variety were missing from Dr Chu’s answers to editor Corey Powell’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

People’s Bank Of China Raises Rate 25bps To 6.06% Posted: 08 Feb 2011 03:11 AM PST The People’s Bank of China raised the one-year yuan lending rate 25 basis points to 6.06% from 5.81%, and the one-year yuan deposit rate 25 basis points to 3.00% from 2.75%. The move follows a series of increases in the interest rate and required reserve ratio as the threat of surging inflation and property prices rise. China recorded inflation of 4.6% year on year in December 2010, as rising food prices caused a surge in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

German Industrial Production Falls Unexpectedly In December Posted: 08 Feb 2011 03:05 AM PST Forex Pros – Industrial production in Germany fell unexpectedly in December, declining for the second consecutive month, official data showed on Tuesday. In a report, Destatis, Germany's federal statistical office said industrial production fell by a seasonally adjusted 1.5% in December, after dropping by 0.6% in November, whose figure was revised from a decline of 0.7%. Analysts had expected industrial production to rise by 0.2% in December. The report said that year-on-year, German … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Hits Daily High After Hawkish ECB Remarks Posted: 08 Feb 2011 02:41 AM PST Forex Pros – The euro rose to a daily high against the Swiss franc on Tuesday, after a European Central Bank policymaker said the bank could raise rates to tame inflation before ending its liquidity support. EUR/CHF hit 1.3024 during European morning trade, the daily high; the pair subsequently consolidated at 1.3019, gaining 0.33%. The pair was likely to find support at 1.2878, last Thursday's low and resistance at 1.3067, the high of January 24 and a two-month high. On Monday, ECB … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Dips As Risk Appetite Dents Dollar Demand Posted: 08 Feb 2011 02:21 AM PST Forex Pros – The U.S. dollar was lower against the Swiss franc on Tuesday, dipping to a two-day low, as stronger risk sentiment dampened demand for the greenback. USD/CHF hit 0.9524 during European morning trade, the pair's lowest since Friday; the pair subsequently consolidated at 0.9546, easing down 0.08%. The pair was likely to find support at 0.9448, Friday's low and short-term resistance at 0.9597, Friday's high and a two-week high. Earlier in the day, the State Secretariat for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chaos In Egypt Brings Risk And Opportunity In Oil Stocks Posted: 08 Feb 2011 02:15 AM PST The ongoing unrest in Egypt and neighboring countries has kept Brent crude well above $100, and the oil market on edge worrying about more chaos. Now, news just broke on Saturday, Feb. 5 that Egypt halted natural-gas exports through East Mediterranean Gas (EMG) gas pipeline, after a massive explosion at El Arish in Egypt’s North Sinai.   Map Source: www.English.Aljazeera.net However, as chaos creates risks, it often brings opportunities as well. In this case, the other … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Stocks Mixed With Earnings In Focus; DAX Up 0.23% Posted: 08 Feb 2011 02:03 AM PST Forex Pros – European stock markets were mixed on Tuesday, as downbeat earnings from UBS weighed on shares in the financial sector, while U.S. futures indexes pointed to a higher open on Wall Street. During European morning trade, the EURO STOXX 50 eased down 0.09%, France's CAC 40 shed 0.03%, while Germany’s DAX was up 0.23%. Shares in the financial sector were broadly lower after Swiss banking giant UBS reported lower-than-expected fourth quarter net earnings. The lender said operating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Identity Theft And Credit Monitoring – Is It Worth It? One Couple’s Story Posted: 08 Feb 2011 02:01 AM PST Abramo saw another news report on identity theft.  He wanted to buy credit monitoring.  His wife, Linda, was skeptical.  She wanted to talk about this.  Would it be worth it?  Let's eavesdrop. Millions are victims every year.  Some people lose hundreds of thousands of dollars.  Anybody could be a victim.  These were Abramo's points.  He was excited.  Monitoring their credit was a must as far as he was concerned.  It cost only $10 a month. Linda's point: the average … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Obama’s Deal With The U.S. Chamber Of Commerce Posted: 08 Feb 2011 01:37 AM PST "We can, and we must, work together," the President told the U.S. Chamber of Commerce today. "Whatever differences we may have, I know that all of us share a deep, abiding belief in this country, a belief in our people, a belief in the principles that have made America's economy the envy of the world." Really? I've been watching (and occasionally trying to deal with) the Chamber for years, and all I know is it has a deep, abiding belief in cutting taxes on the wealthy, eroding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Lower Vs. Rivals As Risk Appetite Sharpens Posted: 08 Feb 2011 01:21 AM PST Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Tuesday, as investors sought out riskier assets as market sentiment was boosted by rising equity markets. During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.14% to hit 1.3601. But the greenback was up against the pound, with GBP/USD sliding 0.08% to hit 1.6091. Earlier in the day, industry data showed that U.K. retail sales rose at the fastest pace in ten months in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Erases Gains Despite Strong U.K. Data Posted: 08 Feb 2011 01:07 AM PST Forex Pros – The pound erased gains against the U.S. dollar on Tuesday, despite data showing U.K. retail sales rose at the fastest pace in ten months in January as consumer spending rebounded. GBP/USD retreated from 1.6162, the daily high, to hit 1.6104 during European morning trade, slipping 0.02%. Cable was likely to find support at 1.6036, last Friday's low and resistance at 1.6277, the high of February 3 and a 12-week high. The British Retail Consortium said that retail sales rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down As Risk Appetite Boosts Asian Currencies Posted: 08 Feb 2011 12:41 AM PST Forex Pros – The U.S. dollar fell to a two-day low against the yen on Tuesday, as better-than-expected earnings reports from U.S. and Japanese companies boosted Asian equities markets and sparked demand for the yen. USD/JPY hit 82.02 during late Asian trade, the pair's lowest since Friday; the pair subsequently consolidated at 82.00, shedding 0.38%. The pair was likely to find support at 81.25, Friday's low and resistance at 82.46, Monday's high and a one-week high. The yen's gains … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Hits 4-day High As Risk Sentiment Strengthens Posted: 08 Feb 2011 12:22 AM PST Forex Pros – The New Zealand dollar climbed to a four-day high against its U.S. counterpart on Tuesday, as hopes for a sustained global economic recovery boosted market sentiment. NZD/USD hit 0.7775 during late Asian trade, the pair's highest since February 2; the pair subsequently consolidated at 0.7769, soaring 0.93%. The pair was likely to find support at 0.7677, Monday's low and resistance at 0.7823, the high of February 2. On Monday, New Zealand's Prime Minister said that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Mixed, Financials Jump; Nikkei Up 0.41% Posted: 08 Feb 2011 12:03 AM PST Forex Pros – Asian stocks were mixed on Tuesday, as shares in the financial sector performed strongly, while Hong Kong property developers extended their recent losses.   During late Asian trade, Hong Kong’s Hang Seng Index slumped 0.45%, South Korea’s Kospi Composite shed 0.58%, while Japan's Nikkei 225 Index was up 0.41%. Shares in the financial sector performed strongly, tracking gains made by their U.S. counterparts. The nation's largest lender Mitsubishi UFJ Financial … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Hits 2-day High As Risk Appetite Improves Posted: 08 Feb 2011 12:01 AM PST Forex Pros – The Australian dollar rose to a two-day high against its U.S. counterpart on Tuesday, as gains in global stocks helped the risk-sensitive currency. AUD/USD hit 1.0184 during late Asian trade, the pair's highest since Friday; the pair subsequently consolidated at 1.0174, gaining 0.38%. The pair was likely to find support at 1.0102, Monday's low and resistance at 1.0199, last Thursday's high and a one-month high. Earlier in the day, the National Australia Bank said that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Central Bank Of Sri Lanka Holds Rate At 7.00% Posted: 07 Feb 2011 11:37 PM PST The Central Bank of Sri Lanka held the repurchase rate unchanged at 7.00% and the reverse repurchase rate at 8.50%. In its statement the Bank noted that Sri Lanka recorded year on year inflation of 6.8% in January 2011, and annual average inflation of 6.0% in the same month. The Bank noted that there had been an increase in inflation due largely to supply driven factors pushing up food prices. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Universal Tech Institute (UTI) Posted: 07 Feb 2011 11:05 PM PST Universal Tech Institute’s (NYSE:UTI) first-quarter 2011 earnings beat the Zacks Consensus Estimate, and climbed 10.5% from the prior-year quarter. The average enrollment of the educational institute rose 8.5% but dropped 690 basis points sequentially. Moreover, the rate of fall in the enrollment accelerated to 13% during the quarter, following a decline of 5% in fourth-quarter 2010. Management warned that enrollment of new students for fiscal 2011 will be below the prior-year level due to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Jack Henry & Associates, Inc. Posted: 07 Feb 2011 11:05 PM PST Jack Henry & Associates, Inc. (NASDAQ:JKHY) recently reported second quarter earnings per share that came in 14% above the Zacks Consensus Estimate. Estimates have been surging off the strong quarter, sending the stock to a Zacks #2 Rank (Buy). The company also just announced that it was increasing its quarterly dividend by 11%. It currently yields 1.3%. Company Description Jack Henry & Associates provides integrated technology solutions that performs data processing for financial … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Open Text Corp. Posted: 07 Feb 2011 11:05 PM PST Open Text Corporation (NASDAQ:OTEX) had a busy Wednesday last week as it made two big announcements: a solid fiscal second-quarter performance and the acquisition of a business process solutions provider. Such activity is what we might expect out of a company with a lot of growth potential, but what has been really nice to see is the improvement in earnings estimates over the past 7 days. This supports OTEX’s Zacks #1 Rank (‘strong buy’) an could be foreshadowing more improvement moving … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: OYO Geospace Corp. Posted: 07 Feb 2011 11:05 PM PST OYO Geospace Corp. (OYO) recently jumped to a new multi-year high after reporting a solid Q1 earnings surprise of 24%. With estimates spiking and a bullish growth projection, this Zacks # 1 rank stock has its radar set on momentum. Company Description OYO Geospace Corp. designs and manufactures instruments and equipment used by energy services companies in exploration and monitoring activities. The company was founded 1980 and has a market cap of $636 million. Higher energy prices have energy … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: CB Richard Ellis Group (CBG) Posted: 07 Feb 2011 11:05 PM PST CB Richard Ellis (NYSE:CBG) reported strong fourth quarter results, beating the Zacks Consensus Estimate by 2 cents. CB Richard Ellis is the largest commercial real estate services firm, with leading full-service operations in major metropolitan areas throughout the world. The company operates as a single-source provider of real estate solutions with a broad range of real estate products and services and an extensive knowledge of domestic and international real estate markets. However, CB Richard … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up In Asian Trade Posted: 07 Feb 2011 09:50 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.6144, up 0.21% at time of writing. The pair was likely to find support at 1.6036, Friday's low, and resistance at 1.6278, Thursday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.11% to hit 0.8440 and GBP/JPY rising 0.11% 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: 07 Feb 2011 09:20 PM PST Forex Pros – The Euro was higher against the Swiss Franc on Tuesday. EUR/CHF was trading at 1.3004, up 0.21% at time of writing. The pair was likely to find support at 1.2867, Thursday's low, and resistance at 1.3044, Monday's high. Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.36% to hit 1.3632 and EUR/JPY rising 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Profit Taking Picks Up Pace, Gold Struggles Near $1350 Posted: 07 Feb 2011 08:51 PM PST Commodities – Energy Crude Profit Taking Picks up Pace Crude Oil (WTI) – $89.12 // $0.09 // 0.10% Commentary: Crude oil sold off on Monday as traders gained confidence that the unrest in Egypt would not have a major impact on crude oil production or transportation. WTI lost $1.55, or 1.74%, to settle at $87.48, while Brent shed $0.58, or 0.58%, to settle at $99.25. Brent is now down about $4 since last week's peak over $103. As we wrote yesterday, crude oil looks ripe for profit taking … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Down During Asian Trade Posted: 07 Feb 2011 08:50 PM PST Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Tuesday. USD/CHF was trading at 0.9546, down 0.08% at time of writing. The pair was likely to find support at 0.9396, Thursday's low, and resistance at 0.9598, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.23% to hit 1.3614 and USD/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Up During The Asian Session Posted: 07 Feb 2011 08:20 PM PST Forex Pros – The Euro was higher against the British Pound on Tuesday. EUR/GBP was trading at 0.8438, up 0.08% at time of writing. The pair was likely to find support at 0.8389, Monday's low, and resistance at 0.8530, Thursday's high. Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.24% to hit 1.3615 and EUR/JPY rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During Asian Trade Posted: 07 Feb 2011 07:40 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday. USD/JPY was trading at 82.30, down 0.02% at time of writing. The pair was likely to find support at 81.13, Friday's low, and resistance at 82.47, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.18% to hit 1.3608 and GBP/USD rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down In Asian Trading Hours Posted: 07 Feb 2011 07:10 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday. USD/CAD was trading at 0.9897, down 0.11% at time of writing. The pair was likely to find support at 0.9832, Friday's low, and resistance at 0.9932, Thursday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.20% to hit 1.3611 and GBP/USD rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Obama’s Conundrum Posted: 07 Feb 2011 06:59 PM PST Cut the deficit? Promote jobs? Stimulate the economy? Get re-elected? What's a President to do? In the short term, is there any doubt that Barack is fully supportive of Ben Bernanke's ongoing backdoor bailouts and bubbling up of the market via his quantitative easing programs. Ben made no bones about his utilizing asset inflation as a means of stimulating the economy. Does that mean that hedge funds putting on carry trades in foreign markets are going to stimulate our economy … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Pain Of The Unbitten Bullet Posted: 07 Feb 2011 06:30 PM PST (Image: source.) History suggests the best course of action in the face of a major financial upheaval is to bite the bullet and address the problems head on. Unfortunately, when it comes to devastatingly far-reaching financial crises that require politicians and bureacrats to take decisive action that might undermine the interests of well-connected individuals and institutions, the correct approach is rarely taken. Sometimes the official response is to do nothing in the hope that things … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During Asian Trade Posted: 07 Feb 2011 06:30 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday. AUD/USD was trading at 1.0132, down 0.03% at time of writing. The pair was likely to find support at 1.0084, Thursday's low, and resistance at 1.0200, Friday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.08% to hit 1.3415 and AUD/JPY falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Infograghic Du Jour: Oilfield Vs. Cornfield Posted: 07 Feb 2011 06:21 PM PST According to CME Group Ethanol Outlook Report dated February 07, 2011, corn prices have rallied by 90% whereas ethanol prices have rallied by only 55% over the past 7 months.  That has resulted in a negative ethanol-corn crush margin of -1 cent per gallon from the 20 cent profit last July. The CME report went on noting that most of U.S. corn-ethanol producers are barely profitable at present, some are already losing money and that the profit risks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Tuesday 08 February Posted: 07 Feb 2011 05:36 PM PST Morning Highlights There Are No Quick Picks For Today! Singapore shares dropped lower in opening trades, with STI fell 8.08 points to 3184.1. Volume traded was 124 million shares valued at $143.7 million. On the other hand, most of the other Asian markets are mostly higher, as cheered by Wall Street's rise. Japanese stocks advance, and Sydney's index rise to a 10-month high. News Updates: Japan's current-account surplus widens to $14.5 billion in December, up just over 30% from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Monday, February 7, 2011 Posted: 07 Feb 2011 04:11 PM PST The market had another up session today but the major indexes finished off their highs for the day.  Market breadth was good but participation was disappointing and did not indicate investors were accumulating shares.  The market is continuing to gravitate toward risk with financials strong today and healthcare/consumer staples weak.  The Volatility Index (the VIX) rose 2.2% today after declining for five sessions.  If the VIX begins to form a base here … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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