DailyMarkets.com - Will Gold And Silver Drop Much Further?

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• Will Gold And Silver Drop Much Further?
• German Factory Orders Plunge In December
• Forex – USD/CHF Moves Higher As Market Sentiment Improves
• Euro Stocks Boosted By Global Recovery Optimism; DAX Up 0.91%
• Euro Zone Sentix Investor Confidence Rises More-than-expected
• Forex Trading: Euro-zone Sentix Investor Confidence Better At 16.7
• Forex – Dollar Mixed Vs. Rivals As Risk Appetite Improves
• Forex – GBP/USD Surges To 2-day High On BOE Rate Hike View
• Forex – USD/JPY Hits Daily High On Strong U.S. Jobs Data
• Forex – NZD/USD Down As U.S. Jobs Data Continues To Weigh
• Asia Stocks Mixed, Weaker Yen Lifts Tokyo; Nikkei Up 0.46%
• Forex – AUD/USD Edges Higher But Weak Retail Data Weighs
• Forex – EUR/USD Up As Asian Markets Re-open
• Growth & Income Stock: Dun & Bradstreet
• Momentum Stock: Stillwater Mining Co.
• Bear Of The Day: Bayer AG
• Bull Of The Day: Suntech Power
• Aggressive Growth Stock: Ascena Retail Group
• Forex – EUR/USD Up During The Asian Session
• Forex – GBP/USD Up During The Asian Session
• Forex – EUR/CHF Up During The Asian Session
• Retail Clinics In The U.S. Could Triple In 5 Years
• Crude Consolidates Recent Gains, Gold Tries To Keep Rebound Alive
• Forex – USD/CHF Down During The Asian Session
• Forex – EUR/GBP Up During The Asian Session
• Forex – USD/JPY Up During The Asian Session
• Forex – USD/CAD Down During The Asian Session
• Plenty Of Other Evidence
• Singapore Stock Market Update For Monday 07 February
• Forex – AUD/USD Down During The Asian Session
• Forex – GBP/CHF Down During The Asian Session
• January State Tax Revenues Coming In Strong
• Forex – EUR/USD Up During The Asian Session

Will Gold And Silver Drop Much Further? Posted: 07 Feb 2011 03:35 AM PST While Ben Bernanke says we are not seeing any inflation, I think most of us know that is a load of BS as other countries like Egypt see food prices surging. Over the past couple years everyone has been talking about how inflation will soon start and that has been one of the main driving forces for higher precious metals prices. As we all know the market does the opposite as to what the majority of investors are doing. And while everyone has been buying metals in anticipation of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

German Factory Orders Plunge In December Posted: 07 Feb 2011 03:05 AM PST Forex Pros – German factory orders fell significantly more-than-expected in December, official data showed on Monday. In a report, Deutsche Bundesbank said factory orders fell by a seasonally adjusted 3.4% in December, after increasing by 5.2% in November. Analysts had expected German factory orders to drop by 1.4% in December. The data showed that year-on-year German factory orders rose less-than-expected in December, rising by an annualized 19.7%, compared to a jump of 20.6% in November. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Moves Higher As Market Sentiment Improves Posted: 07 Feb 2011 02:14 AM PST Forex Pros – The U.S. dollar was trading close to an eight-day high against the Swiss franc on Monday, after Friday's strong U.S. jobs data lifted sentiment and concerns over political uncertainty in Egypt eased. USD/CHF hit 0.9588 during European morning trade, the daily high; the pair subsequently consolidated at 0.958, gaining 0.3%. The pair was likely to find support at 0.9448, Friday's low and resistance at 0.9686, the high of January 21. Data on Friday showed that the U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Stocks Boosted By Global Recovery Optimism; DAX Up 0.91% Posted: 07 Feb 2011 01:41 AM PST Forex Pros – European stock markets were broadly higher on Monday, hovering near 29-month high amid mounting optimism over the global economic recovery, while U.S. futures indexes pointed to a higher open on Wall Street. During European morning trade, the EURO STOXX 50 rallied 1.22%, France's CAC 40 jumped 1.18%, while Germany’s DAX was up 0.91%. Data on Friday showed that the U.S. economy added significantly fewer than expected jobs in January however the unemployment rate fell to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Zone Sentix Investor Confidence Rises More-than-expected Posted: 07 Feb 2011 01:33 AM PST Forex Pros – Investor confidence in the euro zone rose more-than-expected in February, jumping to the highest level since September 2007, industry data showed on Monday. In a report, market research group, Sentix said its index of investor confidence jumped to 16.7 in February, after rising to 10.6 in January. Analysts had expected the index to rise to 14.1 in February. On the index, a level above 0.0 indicates optimism, below indicates pessimism. Following the release of the data, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro-zone Sentix Investor Confidence Better At 16.7 Posted: 07 Feb 2011 01:31 AM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals As Risk Appetite Improves Posted: 07 Feb 2011 01:11 AM PST Forex Pros – The U.S. dollar was mixed against its major rivals on Monday, as risk appetite improved after data on Friday showed that the U.S. economy added significantly fewer than expected jobs in January, but the unemployment rate unexpectedly fell to a 21-month low. During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.19% to hit 1.3606. The greenback was also down against the pound, with GBP/USD climbing 0.3% to hit 1.6156. Elsewhere, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Surges To 2-day High On BOE Rate Hike View Posted: 07 Feb 2011 01:00 AM PST Forex Pros – The pound surged to a two-day high against the U.S. dollar on Monday, as strong U.K. data bolstered expectations that the Bank of England will raise interest rates faster than the U.S. Federal Reserve. GBP/USD hit 1.6185 during early European trade, the pair's highest since Thursday; the pair subsequently consolidated at 1.617, gaining 0.38%. Cable was likely to find support at 1.6036, Friday's low and resistance at 1.6277, last Thursday's high and a 12-week … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Hits Daily High On Strong U.S. Jobs Data Posted: 07 Feb 2011 12:19 AM PST Forex Pros – The U.S. dollar rose to a daily high against the yen on Monday, after Friday's strong U.S. jobs report and as risk appetite improved, boosted by strong gains in Asian equities markets. USD/JPY hit 82.47 during late Asian trade, the daily high; the pair subsequently consolidated at 82.33, gaining 0.19%. The pair was likely to find support at 81.4, last Thursday's low and resistance at 82.91, the high of January 28. Data on Friday showed that the U.S. economy added … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down As U.S. Jobs Data Continues To Weigh Posted: 06 Feb 2011 11:55 PM PST Forex Pros – The New Zealand dollar was lower against its U.S. counterpart on Monday, failing to recover losses sustained following Friday's strong U.S. employment data. NZD/USD hit 0.7688 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7685, sliding 0.14%. The pair was likely to find support at 0.764, the low of January 26 and resistance at 0.7746, Friday's high. Data on Friday showed that the U.S. economy added significantly fewer than expected jobs in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Mixed, Weaker Yen Lifts Tokyo; Nikkei Up 0.46% Posted: 06 Feb 2011 11:53 PM PST Forex Pros – Asian stocks were mixed on Monday, amid indications the U.S. economic recovery was gaining momentum, while Japanese exporters advanced as the yen weakened.   During late Asian trade, Hong Kong’s Hang Seng Index slumped 1.46%, South Korea’s Kospi Composite added 0.47%, while Japan's Nikkei 225 Index climbed 0.46%. The U.S. Department of Labor said Friday that the U.S. economy added significantly fewer than expected jobs in January as severe winter weather across much … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Edges Higher But Weak Retail Data Weighs Posted: 06 Feb 2011 11:43 PM PST Forex Pros – The Australian dollar edged higher against its U.S. counterpart on Monday, but gains were limited as the release of weaker-than-expected domestic data on retail sales weighed. AUD/USD hit 1.0158 during late Asian trade, the daily high; the pair subsequently consolidated at 1.0139, easing up 0.02%. The pair was likely to find support at 1.0082, the low of February 3 and resistance at 1.0199, Friday's high and a one-month high. The Australian Bureau of Statistics said that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up As Asian Markets Re-open Posted: 06 Feb 2011 11:27 PM PST Forex Pros – The euro was up against the U.S. dollar on Monday, on Asian buying as most regional markets re-opened after lunar new year holidays and amid bargain hunting following Friday's losses. EUR/USD hit 1.3626 during late Asian trade, the daily high; the pair subsequently consolidated at 1.3614, gaining 0.25%. The pair was likely to find support at 1.3448, the low of January 21 and resistance at 1.3824, last Thursday's high. Data on Friday showed that the U.S. economy added … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Dun & Bradstreet Posted: 06 Feb 2011 11:05 PM PST Dun & Bradstreet (NYSE:DNB) recently reported fourth quarter earnings per share of $1.92, beating the Zacks Consensus Estimate by 4 cents. The company also gave 2011 guidance of 6% to 10% EPS growth. This prompted analysts to revise their estimates higher, sending the stock to a Zacks #2 Rank (Buy). D&B has also been rewarding its shareholders through stock buybacks and dividend increases. It currently yields 1.6%. Company Description The Dun & Bradstreet Corporation provides its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Stillwater Mining Co. Posted: 06 Feb 2011 11:05 PM PST Stillwater Mining Co (SMC) is on a terrific run, thanks to surging metals prices. The earnings outlook for this Zacks #1 Rank (Strong Buy) keeps getting better. Company Description Stillwater is the only domestic producer of palladium and platinum, as well as the largest primary producer of platinum group metals outside of South Africa and Russia. New High on Production News Shares of SMC hit new highs on Jan 12 after the company announced mine production results. While the overall levels … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Bayer AG Posted: 06 Feb 2011 11:05 PM PST We are downgrading Bayer AG (BAYRY) to Underperform, primarily due to the lack of near-term late-stage catalysts and generic competition. We note that the Yaz family of oral contraceptives performed disappointingly in the most recent quarter, mainly due to low US demand resulting from increased generic competition. Moreover, any hiccups or delays in the US approval of blood thinner Xarelto will weigh heavily on the stock. Furthermore, we believe that the FDA approval of Boehringer Ingelheim’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Suntech Power Posted: 06 Feb 2011 11:05 PM PST Suntech Power Holdings Co. (NYSE:STP) is one of the largest producers of PV solar modules in the world. The company is prudently expanding its revenue base to divergent markets around the globe, along with increasing megawatts shipped. To cater to this rising demand, the company is furiously ramping up its capacity with plans to attain 2.4GW of cell & module and 1.2GW of wafer by the end of 2011. Along with this higher conversion efficiency through its Pluto technology-enabled modules, China’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Ascena Retail Group Posted: 06 Feb 2011 11:05 PM PST Ascena Retail Group, Inc. (ASNA) continues to put out positive news. First it raised its annual guidance, and then posted fantastic sales figures. The company is set to report in early March, but now looks like a great time to get into this Zacks #1 Rank (Strong Buy). Company Description Ascena, known as Dress Barn Inc. up until last month, is a specialty apparel retailer for women and girls under the brands dressbarn, maurices and Justice. Getting Better and Better On Feb 3 Ascena announced … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session Posted: 06 Feb 2011 10:10 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Monday. EUR/USD was trading at 1.3609, up 0.21% at time of writing. The pair was likely to find support at 1.3544, Friday's low, and resistance at 1.3862, Wednesday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8436 and EUR/JPY rising 0.27% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up During The Asian Session Posted: 06 Feb 2011 09:45 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Monday. GBP/USD was trading at 1.6136, up 0.16% 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 0.06% to hit 0.8437 and GBP/JPY rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Up During The Asian Session Posted: 06 Feb 2011 09:10 PM PST Forex Pros – The Euro was higher against the Swiss Franc on Monday. EUR/CHF was trading at 1.2981, up 0.05% at time of writing. The pair was likely to find support at 1.2867, Thursday's low, and resistance at 1.3037, Thursday's high. Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.22% to hit 1.3611 and EUR/JPY rising 0.27% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Retail Clinics In The U.S. Could Triple In 5 Years Posted: 06 Feb 2011 09:07 PM PST According to Merchant Medicine’s “2011-2015 Walk-In Clinic Market Forecast,” the number of retail clinics in the U.S. could almost double from the current level of 1,220 clinics to 2,315 by 2015 under a “mid-case scenario,” and the number could more than triple to 3,380 under the “best-case scenario (see chart above).  Even under the “worst case scenario,” the number of retail clinics would increase by 33% during the next five years.  The report identifies some key factors that will … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Consolidates Recent Gains, Gold Tries To Keep Rebound Alive Posted: 06 Feb 2011 08:51 PM PST Commodities – Energy Crude Consolidates Recent Gains Crude Oil (WTI) – $89.12 // $0.09 // 0.10% Commentary: Crude oil is kicking off the week slightly to the upside, after falling toward the end of last week. The fact that the U.S. unemployment rate hit the lowest level since April, 2009 was encouraging, but given that oil prices are near $100, a lot has already been priced in. A sell-off toward the mid-$90's in Brent wouldn't be surprising, but expect prices to be well-supported as long … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Down During The Asian Session Posted: 06 Feb 2011 08:40 PM PST Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Monday. USD/CHF was trading at 0.9536, down 0.16% at time of writing. The pair was likely to find support at 0.9329, Wednesday's low, and resistance at 0.9594, Friday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.26% to hit 1.3616 and USD/JPY rising 0.06% 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: 06 Feb 2011 08:10 PM PST Forex Pros – The Euro was higher against the British Pound on Monday. EUR/GBP was trading at 0.8438, up 0.07% at time of writing. The pair was likely to find support at 0.8424, Monday's low, and resistance at 0.8578, Wednesday's high. Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.24% to hit 1.3614 and EUR/JPY rising 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During The Asian Session Posted: 06 Feb 2011 07:40 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday. USD/JPY was trading at 82.21, up 0.04% at time of writing. The pair was likely to find support at 81.13, Friday's low, and resistance at 82.46, Friday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.24% to hit 1.3614 and GBP/USD rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The Asian Session Posted: 06 Feb 2011 07:10 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday. USD/CAD was trading at 0.9866, down 0.08% 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 0.29% to hit 1.3621 and GBP/USD rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Plenty Of Other Evidence Posted: 06 Feb 2011 07:08 PM PST Many mainstream experts were confused by Friday’s jobs data, blamed the disappointing increase in nonfarm payrolls on the weather, or dismissed the report as being inconsistent with the recovery they see unfolding. But even if we view the January employment data in its most optimistic light, there’s plenty of other evidence that suggests current employment conditions and prospects for the year ahead are unencouraging, to say the least, including: 1. Surveys that consistently show … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Monday 07 February Posted: 06 Feb 2011 06:33 PM PST Morning Highlights There Are No Quick Picks For Today! Singapore stocks rose slightly higher with STI up 17.29 points to open at 3228.41. News Updates: U.S. Unemployment Rate unexpectedly declined to 9% last month from 9.4% in December. U.S. Employment rose by 36,000 workers, the smallest gain in four months, after a 121,000 rise in December that was larger than initially reported. Judge orders United Fiber to pay China National Machinery & Equipment Import & Export Corporation … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During The Asian Session Posted: 06 Feb 2011 06:30 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday. AUD/USD was trading at 1.0136, down 0.02% at time of writing. The pair was likely to find support at 1.0056, Wednesday's low, and resistance at 1.0200, Friday's high. Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.28% to hit 1.3436 and AUD/JPY rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/CHF Down During The Asian Session Posted: 06 Feb 2011 06:05 PM PST Forex Pros – The British Pound was lower against the Swiss Franc on Monday. GBP/CHF was trading at 1.5377, down 0.07% at time of writing. The pair was likely to find support at 1.5080, Wednesday's low, and resistance at 1.5420, Monday's high. Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.07% to hit 1.6120 and EUR/GBP rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

January State Tax Revenues Coming In Strong Posted: 06 Feb 2011 05:53 PM PST 1. The Massachusetts Department of Revenue collected $2.053 billion in January, an 11.3 percent increase over January 2010. 2. The Pennsylvania Department of Revenue's tax collections last month showed signs of economic improvement for businesses and the state's fiscal health, countering the situation this time last year. Overall, the state's general fund received $2.2 billion from taxes and fees in January, more than 3 percent above what the state estimated it would receive. 3. Indiana … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session Posted: 06 Feb 2011 05:35 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Monday. EUR/USD was trading at 1.3593, up 0.09% at time of writing. The pair was likely to find support at 1.3544, Friday's low, and resistance at 1.3862, Wednesday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8436 and EUR/JPY rising 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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