Tuesday, August 23, 2011

DailyMarkets.com - Forex – Dollar Edges Higher In Early Asian Trade

DailyMarkets.com - Forex – Dollar Edges Higher In Early Asian Trade


Forex – Dollar Edges Higher In Early Asian Trade

Posted: 23 Aug 2011 04:37 PM PDT

Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”>&nbsp;</p><p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”>Forexpros – The U.S. dollar gained ground on its major counterparts in Asian trade Wednesday, as weaker than expected economic data fueled hopes that the U.S. Federal Reserve Bank would take steps to stimulate the faltering economy.</p> <p style=”font: normal normal normal 12px/normal Helvetica; … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 23 Aug 2011 04:10 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4432, down 0.06% at time of writing.<br/><br/> The pair was likely to find support at 1.4260, Friday&rsquo;s low, and resistance at 1.4500, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8750 and EUR/JPY rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Down On Economic Data

Posted: 23 Aug 2011 04:00 PM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday after the release of N.Z. data on Trade Balance.<br/><br/> NZD/USD was trading at 0.8339, down 0.26% at time of writing.<br/><br/> The pair was likely to find support at 0.8163, Monday&rsquo;s low, and resistance at 0.8374, Thursday&rsquo;s high.<br/><br/> Earlier in the day, data showed that New Zealand&rsquo;s trade balance rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


FDIC Problem Bank List Falls In Q2 2011

Posted: 23 Aug 2011 03:57 PM PDT

08/23/11 The FDIC quarterly report showed that the number of troubled banks declined in the latest quarter. Other details showed that earnings climbed 38%, while revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


New Zealand’s Trade Balance Rises Unexpectedly

Posted: 23 Aug 2011 03:55 PM PDT

Forexpros – New Zealand&rsquo;s trade balance rose unexpectedly last month, data showed on Tuesday.<br/><br/>In a report, Statistics New Zealand said that the trade balance rose to a seasonally adjusted 129M, from 197M in the preceding month whose figure was revised down from 230M.<br/><br/>Analysts had expected the trade balance to fall -99M last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Fast Track Status For Bayer’s Drug

Posted: 23 Aug 2011 03:35 PM PDT

Recently the US Food and Drug Administration (FDA) granted fast track status to Bayer's (BAYRY) cancer candidate alpharadin. The designation has been granted to the candidate for treating castration-resistant (hormone refractory) prostate cancer in patients with bone metastases.
The fast track program not only facilitates the development but also expedites the review of drugs which are developed for treating serious diseases. The market for such diseases has a huge unmet medical need.
The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Cooper Recalls Avaira Toric Lenses

Posted: 23 Aug 2011 03:35 PM PDT

CooperVision, a unit of The Cooper Companies Inc. (NYSE:COO), has voluntarily recalled certain lots of its Avaira Toric contact lenses. The recall is based on the presence of a residue on these lenses, which was found following the investigation of a small number of complaints of temporary blurred vision and discomfort.
The California-based company also noted that no other products (other than the specific batches of Avaira Toric) made by CooperVision were involved in the recall.
Copper stated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Day Ahead: US Durable Goods, FHFA House Price Index; Earnings – Applied Materials, Toll Brothers, TiVo; German IFO, Euro-zone Industrial Orders

Posted: 23 Aug 2011 10:20 AM PDT

08/23/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Hot Option Plays: Market On A Sugar High

Posted: 23 Aug 2011 03:17 PM PDT

Cusick’s Corner
Market bounces after DC evacuated! The market got a Sugar high, SGG, and finished on the highs (Thanks Ned for the sugar insights, and a little tongue and cheek never hurts). Individual sectors, XLY/QQQ/XLF/XLI, and Stock, AAPL/CAT/LULU, leaders were all up which could be a product of a squeeze on those who were selling and now questioning why they were selling, forced to cover when positions just do not continue to the downside. While some market watchers, tape readers and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


ReneSola Under Repurchase Program

Posted: 23 Aug 2011 03:05 PM PDT

Leading global manufacturer of solar products, ReneSola Ltd. (NYSE:SOL), may repurchase up to $100 million in aggregate value of the company’s outstanding ordinary shares under its share repurchase program.
Within a limited period, ReneSola is authorized to execute its buyback program, depending on market conditions, share price and other factors. The company is also permitted to make one or more purchases on the open market or in privately negotiated transactions.
Recently, ReneSola Ltd. reported … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CNQ Restarts Horizon Shipment

Posted: 23 Aug 2011 02:40 PM PDT

Independent oil and gas explorer Canadian Natural Resources Ltd. (NYSE:CNQ) has resumed sales of Synthetic Crude Oil ("SCO") from its 'Horizon' project in the Athabasca oil sands play of northern Alberta.
On January 6, 2011, Canadian Natural experienced a fire at the coker unit of the facility following which production was suspended at the oil sands plant. Last week, the company restarted operations at the repaired site – located near Fort McMurray, Alberta. The overall cost of repairs … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


BMC Introduces Middleware Solution

Posted: 23 Aug 2011 02:35 PM PDT

BMC Software Inc. (NYSE:BMC) recently introduced a new set of Middleware Management solutions, which will enable customers to manage and monitor middleware across the contemporary data center, allowing IT departments to deliver reliable business services through a more in-depth view of enterprise applications and the transaction paths that make them run.
This new solution is expected to help enterprise IT systems grow and facilitate an in-depth view into application flow paths to clearly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


HSBC Plans Canadian Brokerage Sale

Posted: 23 Aug 2011 02:35 PM PDT

HSBC Holdings PLC (NYSE:HBC) is in talks to vend its Canadian retail brokerage business, Reuters reported on Monday, keeping sources undisclosed. This initiative is part of the company's long-term strategy to reduce costs of up to $3.5 billion through worldwide restructuring by 2013 and cut back retail banking.
HSBC's Canadian retail brokerage manages about C$16 billion ($16.3 billion) in investors’ money. However, according to an HSBC spokeswoman, the company did not disclose the value of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Good News For Abbott Labs

Posted: 23 Aug 2011 02:35 PM PDT

Abbott Laboratories (NYSE:ABT) recently received some good news when the US Food and Drug Administration (FDA) approved its new in vitro diagnostic test that will help diagnose patients suffering from chronic lymphocytic leukemia (CLL). CLL refers to a cancer of the lymphocytes. Lymphocytes are white blood cells that aid in combating infections.
The Vysis CLL FISH (fluorescence in-situ hybridization) Probe Kit at Abbott detects genetic abnormalities in lymphocytes. Abnormal lymphocytes, produced … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NASDAQ Maintained At Neutral

Posted: 23 Aug 2011 02:35 PM PDT

We reiterate our Neutral recommendation on NASDAQ OMX Group Inc. (NASDAQ:NDAQ) based on its current sustainability factor. The company's second quarter earnings came in a couple higher than the Zacks Consensus Estimate driven by improvement in new listings and order intakes, coupled with moderate expense management. However, higher expenses along with reduced cash equity trading and average fee were the downside.
NASDAQ continues to suffer from an eroding market share and weak trading volumes, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: BHP Billiton

Posted: 23 Aug 2011 02:35 PM PDT

BHP Billiton Ltd. (NYSE:BHP) will be reporting its FY11 Annual Results on Wednesday, August 24, 2011.
The current Zacks Consensus Estimate for earnings per share (EPS) is $7.16, representing an annualized growth of 59.73%.  
Half Year Ended 31 December 2010 Highlights
BHP Billiton Ltd. has reported strong interim results for half year ended 31 December 2010 with net income (excluding special items) of $10.5 billion, almost double from $6.1 billion in the first half of fiscal 2010. Earnings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CEO Spotlight: Uzi Yemin, CEO And President Of Delek Holdings

Posted: 23 Aug 2011 02:15 PM PDT

08/23/2011 Delek Holdings’ Uzi Yemen discusses its recent acquisition of a major equity interest in Lion Oil Company and near-term outlook for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Markets In Everything: Smoking Mittens

Posted: 23 Aug 2011 02:08 PM PDT

Mittens with a metal eyelet to perfectly fit your cigarette. Helps you keep your hands warm when you are smoking outside. And let’s face it, you are going to be smoking outside a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Citi Boosts Latin America Team

Posted: 23 Aug 2011 02:05 PM PDT

In an effort to take advantage of the growing economy in Latin America, Citigroup Inc. (NYSE:C) has strengthened the regional team with the appointment of Marcia Rothschild. Rothschild will head Latin America Securities and Fund Services Client and Sales Management, Global Transaction Services.
With over 18 years of experience, Rothschild has held senior positions in Brazil, Luxembourg and the United States. Her understanding of client needs across Latin America makes her fit for the job at Citi. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Closing Bell Market Monitor: BA, HNZ, UBS

Posted: 23 Aug 2011 09:00 AM PDT

08/23/11 The latest in news, commentary, and information on what’s moved the US equities markets just after the ringing of the NYSE closing bell including: a Dow rall and a slide in gold … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up At The End Of U.S. Session

Posted: 23 Aug 2011 01:55 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on New Home Sales.<br/><br/> EUR/USD was trading at 1.4439, up 0.56% at time of writing.<br/><br/> The pair was likely to find support at 1.4260, Friday&rsquo;s low, and resistance at 1.4500, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that new home sales in the U.S. fell more-than-expected to a seasonally adjusted annual rate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Accenture To Acquire Zenta

Posted: 23 Aug 2011 01:50 PM PDT

Technology outsourcing and consulting major Accenture plc (ACN) recently entered into an agreement to acquire Zenta, a provider of residential and commercial mortgage processing services. However, the company did not disclose the financial details of the deal.
Accenture believes that the acquisition of Zenta will expand its capabilities, helping lenders, services and real estate investment trusts to upgrade and streamline their operations, improve customer experience and boost profitability in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Regency Buys Assets In California

Posted: 23 Aug 2011 01:50 PM PDT

Regency Centers Corporation (NYSE:REG) recently completed the acquisition of Oak Shade Town Center, a 103,762 square foot neighborhood shopping center in Davis, California for $35.0 million.
Oak Shade Town Center is anchored by three major stores Safeway, Rite Aid and OfficeMax. This transaction is expected to be beneficial for Regency owing to the strong growth control ordinances limiting future retail development in Davis city. The proximity of the center to the University of California and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 23 Aug 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Tuesday after the release of U.S. data on New Home Sales.<br/><br/> USD/JPY was trading at 76.66, down 0.17% at time of writing.<br/><br/> The pair was likely to find support at 75.97, Friday&rsquo;s low, and resistance at 77.19, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that new home sales in the U.S. fell more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


WellPoint Closes CareMore Deal

Posted: 23 Aug 2011 01:30 PM PDT

Yesterday, WellPoint Inc. (NYSE:WLP) completed the acquisition of Medicare specialist CareMore Health Group after obtaining approval from various market regulators. The deal was priced at $800 million.
However, other financial details remain undisclosed. The deal, which was announced on June 8, 2011, has closed much before the expected year-end closure. CareMore is now expected to function as a fully-owned operating division of WellPoint.
CareMore specializes in providing Medicare Advantage plans … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up Toward The End Of U.S. Session

Posted: 23 Aug 2011 01:25 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on New Home Sales.<br/><br/> EUR/USD was trading at 1.4444, up 0.60% at time of writing.<br/><br/> The pair was likely to find support at 1.4260, Friday&rsquo;s low, and resistance at 1.4500, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that new home sales in the U.S. fell more-than-expected to a seasonally adjusted annual rate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


KMP Pipeline System Overbooked

Posted: 23 Aug 2011 01:20 PM PDT

Kinder Morgan Energy Partners LP's (NYSE:KMP) Trans Mountain oil pipeline (TMPL) is overbooked by a wide margin for September. This has forced the company to cut shipper nominations. The pipeline carries oil to Canada's Pacific Coast from Alberta.
Due to volume compression, the company will only be able to move 32% of the allocated volume on the 300,000 barrel per day (bpd) capacity pipeline system. According to the company, this translates into 270,045 bpd for the month.
Kinder Morgan has a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


General Dynamics’ Navy Contracts

Posted: 23 Aug 2011 01:20 PM PDT

Defense contractor General Dynamics Corporation (NYSE:GD) announced that its unit Electric Boat received two modification contracts from the U.S. Navy having a combined worth of $32.9 million.
Electric Boat, a wholly owned subsidiary of General Dynamics, has been working on submarine technology for over a century. The unit's expertise in this specialized niche has enabled it to win consistent contracts from the U.S. Navy.
Per the first modification contract, Electric Boat will procure, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Markets Close Higher; Dow Jones Up 2.97%

Posted: 23 Aug 2011 01:15 PM PDT

Forexpros – U.S. stocks were up after the closing bell on Tuesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 2.97%, the S&P 500 index gained 3.43%, while the Nasdaq 100 index climbed 4.13%.<br/><br/> Earlier in the day, official data showed that new home sales in the U.S. fell more-than-expected to a seasonally adjusted annual rate of 298K last month from 300K in the preceding month whose figure was revised down from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Canadian National Kept At Neutral

Posted: 23 Aug 2011 01:05 PM PDT

The gradual positive pricing environment coupled with accelerated volume gains has significantly aided Canadian National Railway Company's (NYSE:CNI) financial performance in the second quarter and we expect the trend to continue.
However, we believe Canadian National's industry leading operating ratio will remain challenged in the upcoming quarter and beyond due to skyrocketing fuel prices, increased depreciation charges, unfavorable currency translation, higher taxation and a competitive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Fred’s Inc.

Posted: 23 Aug 2011 01:05 PM PDT

Fred's Inc. (NASDAQ:FRED) is scheduled to report its second-quarter 2011 financial results on Thursday August 25, 2011 before the opening bell. The current Zacks Consensus Estimate for the quarter is pegged at 14 cents a share. The Zacks Consensus Estimate projects revenues for the quarter at $455 million.
First Quarter 2011 Recap
Fred's, which faces stiff competition from Dollar General Corporation (DG), Walgreen Co. (NYSE:WAG) and Wal-Mart Stores Inc. (NYSE:WMT) posted strong earnings for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Wells Fargo Stops Debit Rewards

Posted: 23 Aug 2011 01:05 PM PDT

Yesterday, Wells Fargo & Company (NYSE:WFC) announced its plan of scraping debit card rewards program for its existing customers, effective October. Previously, in March, Wells Fargo halted the program for its new customers.
This is an attempt on Wells Fargo's part to reduce its losses from the cap on debit-interchange fees, as proposed by the Durbin Amendment. The change includes stand-alone programs as well as those where customers have combined their debit and credit card into a single … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Shell, PTR Bid For Bow Energy

Posted: 23 Aug 2011 01:05 PM PDT

Arrow Energy Ltd. – a joint venture between global energy firm Royal Dutch Shell Plc (NYSE:PTR) – announced that it has made a preliminary, non-binding offer of A$520 million or $543 million to acquire Australian gas explorer Bow Energy.
Queensland-based Arrow's purchase price offer of A$1.48 per share in cash represents 67% premium to Bow's Friday's closing price of 88.5 cents. Arrow targets to utilize Bow Energy resources for the expansion of its proposed liquefied natural gas (LNG) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up During The U.S. Session

Posted: 23 Aug 2011 12:55 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Tuesday after the release of U.S. data on New Home Sales.<br/><br/> GBP/USD was trading at 1.6502, up 0.29% at time of writing.<br/><br/> The pair was likely to find support at 1.6421, Thursday&rsquo;s low, and resistance at 1.6618, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that new home sales in the U.S. fell more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Newmont Plans Mine Extension

Posted: 23 Aug 2011 12:35 PM PDT

Gold miner Newmont Mining Corp. (NYSE:NEM) announced its plans to build another underground mine.  The company plans to start exploration activities at its Waihi site in New Zealand. The proposed mine could extend gold and silver mining under the town until 2020.
Newmont also announced a second program, known as the Martha exploration project, which would be within the existing Martha mining license area and the pit rim, and would need a variation to the existing mining license.
A week ago … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Up In U.S. Trading Hours

Posted: 23 Aug 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Tuesday after the release of U.S. data on New Home Sales.<br/><br/> USD/CHF was trading at 0.7910, up 0.09% at time of writing.<br/><br/> The pair was likely to find support at 0.7808, Friday&rsquo;s low, and resistance at 0.7990, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that new home sales in the U.S. fell more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Hot Option Plays: Market Bounce

Posted: 23 Aug 2011 12:17 PM PDT

Cusick’s Corner
The market has bounced and with Financials, XLF, on board this rally, there is some strength to the move today. The market needs Financials to be in the green if we want to finish into the close solidly in the green. The trouble is (and we saw this on the open) this sector has had a lot of mixed headlines and rumors, so I am watching these rallies with suspect. We have seen this action in Gold, GLD, which has pulled off the highs, $1917.70 in Dec Gold Futures. While the scenario … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Analyst Interviews: Airline Industry Stock Outlook

Posted: 23 Aug 2011 12:15 PM PDT

The airline industry turned around in 2010, recording $16 billion in profits after losing $16 billion in 2008 and $9.9 billion in 2009. The rebound was faster than expected, driven by higher traffic and air travel demand. But this year, the ongoing market turmoil, natural calamities as well as rising fuel prices have stalled the recovery and hit hard the industry's profitability.

In June, the International Air Transport Association (IATA) cut its 2011 overall profit outlook by a drastic 54% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Quality Systems Stays Neutral

Posted: 23 Aug 2011 12:15 PM PDT

We reiterate our Neutral rating on Quality Systems (NASDAQ:QSII). First-quarter fiscal 2012 earnings of 65 cents a share beat the Zacks Consensus Estimate by three cents.
Quality Systems' healthy results for the quarter may be attributed to the federal stimulus that has provided a boost to the industry in general. The company offers a well recognized electronic health record ("EHR") product and is benefiting from the migration of ambulatory and inpatient practices to EHR under the federal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Consumer Delinquency Rates Fall To Pre-Crisis Level

Posted: 23 Aug 2011 12:11 PM PDT

The Federal Reserve released updated data yesterday on delinquency and charge-off rates at U.S. commercial banks for the second quarter of 2011.  For consumer credit cards, the delinquency rate fell for the 8th consecutive quarter to 3.62% during the April-June period this year, dropping to the lowest level since a 3.54% reading in the fourth quarter of 2005, more than five years ago (see blue line in chart).  And before that cyclical low, you have to go all the way back to the first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Down In U.S. Trade

Posted: 23 Aug 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday after the release of U.S. data on New Home Sales.<br/><br/> USD/CAD was trading at 0.9885, down 0.20% at time of writing.<br/><br/> The pair was likely to find support at 0.9805, Thursday&rsquo;s low, and resistance at 0.9938, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that new home sales in the U.S. fell more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up In U.S. Trading Hours

Posted: 23 Aug 2011 11:45 AM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Tuesday after the release of euro zone data on German ZEW Economic Sentiment.<br/><br/> EUR/USD was trading at 1.4424, up 0.46% at time of writing.<br/><br/> The pair was likely to find support at 1.4260, Friday&rsquo;s low, and resistance at 1.4500, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that German ZEW economic sentiment fell more-than-expected to -37.6 last month, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stop Buying Gold Stocks!

Posted: 23 Aug 2011 06:27 AM PDT

Here we go again. Gold has hit all-time highs again. As you can see from the chart below, bullion remains in a well-defined uptrend.

On the other hand, gold mining stocks performance is disappointing as the group is struggling with technical resistance and has underperformed gold (again). What happened to the story about a better leverage to the gold price?

I wrote about this before here. Gold stocks are underperforming because their cost of production is going up, which creates a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Finding A Silver Lining In The Markets’ Dark Clouds

Posted: 22 Aug 2011 10:00 PM PDT

Call it choppy, volatile, fickle or lively, market action continued to disappoint last week. Frightened investors pulled out more than $40 billion from long-term mutual funds for the week ended August 10, according to the Investment Company Institute.
The eurozone crisis fueled the outflows as economic growth figures for several eurozone countries disappointed—a hard trend to break given the austerity measures being implemented. Relatively, U.S. stocks have only suffered a fraction of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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