Daily Markets - Financial News And Opinions |
- The SPDR Gold (GLD) Holdings Dwarf Gold Stockpiles Of Many Central Banks
- WSJ Lambasts SEC’s Mary Schapiro And FINRA Regarding Its Lack Of Disclosures Of Its Excessively Generous Compensation Practices
- Stock Picks For Monday 22 February: Level 3 Communications, ADC Telecommunications, Allied Irish Banks
- U.S. Stocks Advance The Most In More Than 3 Months; Euro Down For 6th Straight Week
- Market Week In Review
- Gold & Silver: Bullish In The Short-Term, Bearish In The Long Run?
- Until It’s Too Late
- National Bank Of Greece Not An Achilles Heel
| The SPDR Gold (GLD) Holdings Dwarf Gold Stockpiles Of Many Central Banks Posted: 21 Feb 2010 03:45 AM PST “Investors are beginning to put money into SPDR Gold Trust again, a fresh signal that demand for gold is picking up. Over the four weeks ended Feb 8, SPDR Gold Trust (GLD) had net inflows of $10.6 million, according to data provided by TrimTabs Investment Research. At the same time, bullion assets held by the world’s largest gold exchange-traded fund are gaining. SPDR Gold’s holdings rose by 3.04 metric tons (3.35 short tons) on Tuesday to 1,109.4 metric tons of gold, the second time this … [visit site to read more]
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| Posted: 21 Feb 2010 12:01 AM PST The target on SEC Chair Mary Schapiro’s back is getting larger and gaining more focus. How so? The lead editorial in this weekend’s edition of The Wall Street Journal goes after Schapiro hard in writing, Mary Schapiro’s Say on Pay. While the editorial leads with the ongoing battle Schapiro and the SEC are having with Bank of America’s (NYSE:BAC) lack of disclosure during its merger with Merrill Lynch, the Journal quickly turns the tables on Ms. Schapiro and addresses the lack of … [visit site to read more]
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| Posted: 20 Feb 2010 09:01 PM PST ( click to enlarge ) Level 3 Communications (NASDAQ:LVLT) - Shares of Level 3 Communications rose 10% to $1.58 per share. The technical chart shows the stock is in a strong bull market both 50 day and 200 day moving average rising and MACD above signal. This is a good stock to own for the long term. Keep LVLT on your radar for Monday. ( click to enlarge ) ADC Telecommunications (NASDAQ:ADCT) seems to have broken out of a major horizontal resistance that targets a move to 7.06 in the … [visit site to read more]
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| U.S. Stocks Advance The Most In More Than 3 Months; Euro Down For 6th Straight Week Posted: 20 Feb 2010 06:44 PM PST DailyMarkets.com (New York) - The third week of February turned out positive again for the US stock markets as they rallied the most in more than three months as companies’ earnings continued to meet or exceed expectations, and US manufacturing reports came out better-than- expected, adding to the sentiment that the US economy is gaining momentum. For the week, the S&P 500 index gained 3.1% to 1,109.17 - its second week of gains - and all 10 industry groups advanced at least 0.8%. The … [visit site to read more]
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| Posted: 20 Feb 2010 06:30 PM PST Markets rebounded strongly this week. In the process, most of the major market equity averages, commodity indices, and bond ETFs recouped January’s declines and are now back close to their December 31, 2009 levels. What happened? Welcome to our Sense on Cents Week in Review where I provide a streamlined recap of the major economic data and news, along with month-to-date market returns. ECONOMIC DATA A lot of news and data this week. Some good. Some not so good. Let’s dive right … [visit site to read more]
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| Gold & Silver: Bullish In The Short-Term, Bearish In The Long Run? Posted: 20 Feb 2010 06:13 PM PST Investing your money in a long-term position can be likened to navigating a ship to port. The compass (fundamental and technical analysis) points you in the right direction as you head out to sea. Even if your ship is sturdy (you have made the right call and are heading in the right direction) every once in a while a big, unexpected wave seems to push you off course. And without question, since the beginning of the economic crisis, the seas have become especially turbulent. One such wave … [visit site to read more]
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| Posted: 20 Feb 2010 05:11 PM PST Throughout the financial crisis, policymakers have focused on keeping things afloat until the storm passes. They’ve spent vast sums of taxpayer funds trying to jumpstart growth until the economy is back on track. They’ve encouraged people to keep the faith until businesses start hiring again.
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| National Bank Of Greece Not An Achilles Heel Posted: 20 Feb 2010 04:40 PM PST As the Greek philosopher extraordinaire Plato would have it, the realm of ideas is absolute reality, and truth itself is an abstraction. The Greek government(s) have been denying truth, reality and ideas for too long, and now they will be, in part, held to account. If the assumption that the EU will not let Greece fail is correct, there is an opportunity in Greek securities that may be appropriate for their speculative portfolio. I have been following three Greek stocks that are traded as … [visit site to read more]
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