DailyMarkets.com - Buffett And Precious Metals

Buffett And Precious Metals
Of Bedrooms And Boardrooms
The US Federal Reserve Owns The Stock Market
USPS To Stamp Out Hunger
SP500 Sells Off, What Is Not Being Sold
Hot Option Plays: Bear Trying To Grab The Bull By The Horns?
US Jobless Claims On Radar
The New Digital Oil Field: How Information Technology Is Helping To Boost Oil Production
Google Sports Nevada Plates On Self-Driving Car
Stock Watch List For Thursday May 10, 2012
Gold Takes It On The Chin…What’s Next?
The Simplest Explanation
Stock Dive Near 100 Points On Europe Doubts
Beans Keeping Other Grains Above Water
Voting Against Austerity Sinks The Euro
The Trend Trader For Stock Trading On Thursday, May 10, 2012
The Trend Trader For Forex Trading On Thursday, May 10, 2012
The Trend Trader For ETF Trading On Thursday, May 10, 2012
The Trend Trader For Futures Trading On Thursday, May 10, 2012

Posted: 09 May 2012 05:35 PM PDT

It's been some time since last discussing precious metals so I thought I'd revisit those charts to see if something new might be revealing itself. What struck me was the near perfect patterns in both the charts that stretch back … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Of Bedrooms And Boardrooms

Posted: 09 May 2012 05:04 PM PDT

The 2012 election should be about what's going on in America's boardrooms, but Republicans … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The US Federal Reserve Owns The Stock Market

Posted: 09 May 2012 04:20 PM PDT

Jim Grant of the well known ‘Interest Rate Observer’. He states what every one else already knows. He goes on the record.

Source: Jim Grant: “The Fed Owns The Stock Market”

Extract..”One of his main criticisms is the incredible arrogance and conceit of a central banking system that believes it can see the future and thwart things before they come to pass, as he notes “I blame the central bankers for confusing the black art of central planning with the traditional art of central banking”. He … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USPS To Stamp Out Hunger

Posted: 09 May 2012 03:58 PM PDT

05/09/12 The National Association of Letter Carriers will be taking part in the largest single day food drive in the US. Local letter carriers will collect donations from residents for Stamp Out … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SP500 Sells Off, What Is Not Being Sold

Posted: 09 May 2012 03:55 PM PDT

Time to build a list of ‘What is not been sold’, relative to SP500. Here is our list (from our Alpha scans). To help you keep WINNING!

WMT UNP T DD KO AXP

When this Wave C ends (Members see RTT Timer notes), a bounce to old highs is on the cards.

Good volume support, ready for the bounce if and when it comes.

Add yours below in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Bear Trying To Grab The Bull By The Horns?

Posted: 09 May 2012 03:54 PM PDT

Cusick’s Corner
Today’s intraday reversal held up well and gave short-term longs some breathing room into the After Hours. I will be watching to see if the longs start to sell into strength since we are at mid-term support and there’s not a ton of conviction. I would also be careful of bottom picking at this stage — leave that one to the proctologists. Markets can stay overbought, especially if the mid-term trading range does establish a true bearish sentiment. Additionally, EU stocks are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Jobless Claims On Radar

Posted: 09 May 2012 03:20 PM PDT

05/09/12 Thursday’s global economic calendar will be packed. US initial jobless claims will be closely watched for a better picture of the employment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The New Digital Oil Field: How Information Technology Is Helping To Boost Oil Production

Posted: 09 May 2012 02:59 PM PDT

Mission control: Chevron’s new real-time drilling optimization center in Texas.

From MIT’s Technology Review: “Big Oil Goes Mining for Big Data: As petroleum production gets trickier, digital innovation becomes more crucial”:

“The world isn’t running out of oil and natural gas. It is running out of easy oil and gas. And as energy companies drill deeper and hunt in more remote regions and difficult deposits, they’re banking on information technology to boost production.

Data, in this case, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Google Sports Nevada Plates On Self-Driving Car

Posted: 09 May 2012 02:40 PM PDT

05/09/12 Nevada’s DMV issued “AU” license plates to Google so the tech giant can test out its self-driving cars in the state. Angry Birds are chirping a merry tune after reaching 1 billion downloads, while IPO rumors … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Watch List For Thursday May 10, 2012

Posted: 09 May 2012 02:32 PM PDT

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SPX Corporation (NYSE:SPW) Holding up well. Alert for $79 in case this one decides to breakout.

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NVIDIA Corporation (NASDAQ:NVDA) Possible bottom play. Oversold conditions. Long above $12.74

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FormFactor, Inc. (NASDAQ:FORM) filled the gap and closed on a bullish note. Will watch tomorrow for continuation.

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Pacific Biosciences of California (PACB) held up well in the weak market. Twitted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Takes It On The Chin…What’s Next?

Posted: 09 May 2012 02:25 PM PDT

There was a strong reaction yesterday to the elevated debt crisis in Europe, with commodities and equities being indiscriminately sold. Gold fell 3 percent this week, losing its safe haven status as the dollar grew stronger and the 10-year government note headed lower.
The markets generally overreact to negative news, however, investors should keep in mind gold's normal monthly historical volatility. Throughout the past 20 years of monthly returns, the precious metal generally increased only … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Simplest Explanation

Posted: 09 May 2012 01:42 PM PDT

I’m sure there are many rational individuals who, like me, have wondered why the stock market has in recent days remained fairly resilient despite mounting evidence that the European debt crisis is spiraling out of control and economies in Europe, China, the U.S. and elsewhere are hitting the skids.
In fact, the buying that has appeared when the market has been under pressure, seemingly like magic, has a frantic, almost panicky quality to it, as though those who are scooping up shares are much … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Dive Near 100 Points On Europe Doubts

Posted: 09 May 2012 08:30 AM PDT

05/09/12 US stocks were once again in the red this afternoon following another series of weak economic reports that helped lift concerns about the health of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Beans Keeping Other Grains Above Water

Posted: 09 May 2012 12:43 PM PDT

Tuesday, May 8, 2012
Soybeans have been the lone market keeping the grain complex afloat this spring, due to feverish buying from China. The market is pricing a very large reduction into global stocks, which could lead to disappointment if inventory levels are on the high side of those estimates. It is dangerous when one commodity keeps an entire sector afloat. Corn and Wheat have very weak fundamentals, suggesting a large inventory estimate could trigger a large scale sell-off, especially if … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Voting Against Austerity Sinks The Euro

Posted: 09 May 2012 12:43 PM PDT

Wednesday, May 9, 2012
The Euro’s recovery from Monday’s spike low of 1.2957 has put a strong support point into the market, and some traders who are bearish on the Euro may wish to wait until this key level is taken-out on the downside, preferably on a closing basis, before exploring selling the June Euro.
Fundamentals
Like a cat, the Euro seems to have nine lives, as the currency once again has failed to sell-off sharply, despite rather bearish news. Over the weekend, election results in both … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards