Daily Markets - Financial News And Opinions |
- Gold Is Once Again Becoming Negatively Correlated With The US Dollar Index
- Stock Picks For Monday 29 March: Research In Motion, Hemispherx Biopharma, DryShips, Plug Power, KLA-Tencor
- Socialized Housing Manifesto
| Gold Is Once Again Becoming Negatively Correlated With The US Dollar Index Posted: 28 Mar 2010 03:01 AM PDT In our previous commentary we analyzed the situation on the USD Index and since we have just seen it moving sharply higher, we believe you would appreciate an update. Once we cover the situation on the U.S. Dollar market, we will move to the implications it may have on the precious metals sector. Moving on to the technical part of this week’s update. Let’s begin with the long-term chart (charts courtesy by http://stockcharts.com) In the previous essay we mentioned that we saw the USD … [visit site to read more]
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| Posted: 27 Mar 2010 10:00 PM PDT ( click to enlarge ) Plug Power (NASDAQ:PLUG) - Plug failed to close over the 200 day moving average now located at $0.76. A close over this level would be bullish and I’d look for Plug to test the 0.91 area. When the stock breaks above $0.76, I plan to buy more stock on the break out. The technical daily chart shows bullish signal as %K line is on top of %D line and MACD is on top of zero. There could be profit taking as the PLUG seems to rise too quickly in a short time. However now … [visit site to read more]
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| Posted: 27 Mar 2010 07:01 PM PDT Thank you to our friends at 12th Street Capital for sharing a sneak peek of Uncle Sam’s release of his new “Socialized Housing Manifesto.” (Click on the image to access pdf document.) What is the one word that Uncle Sam is clearly trying to emphasize throughout the 4-page release? Responsible. Who the hell is Uncle Sam to define who and what is responsible or not? How can one irresponsible entity, that being the federal government, deign to define a measurement of responsibility for … [visit site to read more]
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