Daily Markets - Financial News And Opinions

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• Where Will Gold Bottom In This Corrective Cycle? « David Banister »
• Stock Picks For Monday 8 February: THQ, Applied Materials, Power-One « Antonio Costa »
• Top 5 Economic Graphs For The Week Ended 6 February 2010 « Econ Grapher »
• Weekly Review Of The Dow, Shanghai Stock Exchange And Hang Seng « Tradesman »
• Stock Investor Sentiment: Are We There Yet? « Guy Lerner »

Where Will Gold Bottom In This Corrective Cycle? « David Banister » Posted: 07 Feb 2010 03:45 AM PST Around two months ago I advised my Partners to look for Gold to drop to the 1040-1070 area in US dollars. This followed my projection in early August of a Gold rally from 900 to 1250 before the next top, and I was close as we hit $1,225 and rolled over. This correction so far in Gold is normal in a bull market, and is intended to knock everyone off the back of the bull. The bull likes to make sure as few people as possible are along for the ride. Currently we are seeing a strong … [visit site to read more]

Stock Picks For Monday 8 February: THQ, Applied Materials, Power-One « Antonio Costa » Posted: 06 Feb 2010 10:01 PM PST ( click to enlarge ) THQ (THQI) - Shares of THQ Inc surged on Thursday as the company’s turnaround plan gained favor with investors after strong earnings report. For the third quarter ending Dec. 31, the company reported net income of $542 million, or $0.01 per diluted share, on revenues of $356.7 million. That is a marked improvement over the same period in 2008 when the company reported a net loss of $191.8 million, or $2.86 per diluted share, on revenues of $357.3 million. Based … [visit site to read more]

Top 5 Economic Graphs For The Week Ended 6 February 2010 « Econ Grapher » Posted: 06 Feb 2010 09:01 PM PST In this edition we look at the positive signs in the US PMI release, more ‘less-bad’ data in US nonfarm payrolls, the RBA pausing on its road to neutral policy, the BoE and ECB keeping policy easy, and New Zealand employment. If there’s any theme to it all, it could be an employment and monetary policy theme. Indeed, it would be interesting to think about things around this theme, because these indicators are likely to tell you where the recovery is at (e.g. faster recovery = jobs … [visit site to read more]

Weekly Review Of The Dow, Shanghai Stock Exchange And Hang Seng « Tradesman » Posted: 06 Feb 2010 08:01 PM PST Dow Jones What a week for Dow Jones. The first 2 days of rise was accompanied by low volume and showed lack of strength in the index. The drop on Thursday (268 points ) and Friday ( 176 intraday loss ) has already confirmed the formation of a down channel as depicted in the chart below. Friday’s rebound in the last hour due to better than expected employment data in US,  recovers the Dow Jones to positive territory. Nevertheless, the trend is down with clear channel formed and the … [visit site to read more]

Stock Investor Sentiment: Are We There Yet? « Guy Lerner » Posted: 06 Feb 2010 06:50 PM PST Like those long distance car trips I take with my children where 90 minutes into an 8 hour drive they say, “Are we there yet?”, market participants are wondering the same: are we there yet? Will the recent bout of selling entice the buyers such that the market will revisit the highs last seen only 4 short weeks ago? Anything can happen, but from a sentiment perspective, the answer remains same as last week: complacency reigns and this is not a high reward, low risk investing environment. The … [visit site to read more]

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