U.S. Treasurys Fall for Third Day on Supply, Spending Concern – Bloomberg Cotton Prices Rise Most in a Month as U.S. Exports Jump – Bloomberg Las Vegas Running Out of Water Means Dimming Los Angeles Lights – Bloomberg Durable Goods Orders Fall to 6-Year Low – CNNMoney New Home Sales at All-Time Low – CNNMoney [...]
Lind Plus Senior Market Strategist Adam Klopfenstein was quoted on Bloomberg this week in two articles. Adam shares his thoughts on gasoline after the Energy Department’s latest weekly inventory report in “Gasoline Advances after Inventories Fall Most in Five Months.” Read Adam’s take on a recent rally in the sugar market in “Sugar Reaches 1-Week [...]
Treasury Unveils “Stress Test” For Banks – CNNMoney Bernanke Rejects “Anything Like” Bank Nationalization – Bloomberg Japan’s Recession May Deepen After Exports Drop Record 45.7% – Bloomberg Gold Most Favored Investment this Year, Gold World Council Says – Bloomberg Existing Home Sales Drop 5.3% to 12-Year Low – MarketWatch The Reverse Industrial Revolution – MarketWatch [...]
Sell Euro Currency as Recession Retains Grip By Dennis Cajigas New Recommendations Sell the March euro currency at 1.2800 or better and risk the trade to a close above 1.3000. Take profits on a break to 1.2400 or lower. Buy the March euro currency 124 put at 60 points or less ($750 or less, not [...]
Lind-Waldock Senior Account Executive Tony Klancic was quoted in the Wall Street Journal today in an article titled, “Worried Investors Want Gold on Hand.” Investors are so distraught about the prospect of economic collapse that they are buying gold in any form they can, including taking deliveries from the New York Mercantile Exchange’s COMEX division. [...]
Wall Street’s Allure May be Gone for Good – Reuters U.S. Home Prices Fall at Record Pace, Consumers Fret – Reuters Money Market Jitters Boost Gold’s Shine – Reuters Signs of Life: The Economy’s Worst May be Past – MarketWatch Oil Rises Near $40 on Higher Stocks, OPEC Talk – MarketWatch Message to Obama: Please [...]
S&P and the Gold Rush By Blake Robben The stock market has now plunged to levels not seen since 1997, and gold has benefited as investors seem more confident buying metal than paper. According to what I see on the charts, I don’t think this overall trend is likely to shift just yet. Gold is [...]
Gold futures pressed above $1,000 an ounce on Friday, February 200, 2009, but have stalled out a bit since. The April contract was last down $10.40 at $984.60. Lind Plus Senior Market Strategist Richard Ilczyszyn said the chart of April gold appears to be shaping into a bullish pennant, which could suggest an upside breakout [...]
Wall Street Slides to 12-Year Low as Confidence Sinks – Reuters Soros Sees no Bottom for World Financial “Collapse” – Reuters Oil Nationalism Diluted but Far from Dead – Reuters Maybe the Meltdown Wasn’t What you Think – MarketWatch Crude Back Below $40, Pacing Losses in Stocks – MarketWatch Clinton Urges China to Keep Buying [...]
By Frank J. Cholly Gold closed over $1,000 an ounce on Friday for the first time since March of 2008. The metal has rallied about 45 percent since October and backed off the $1,000 mark today as investors took profits from the sharp rally last week. The choppy stock market is leading more investors to [...]
