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
Gold Drops for Forth Day [...]
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 High [...]
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
Oil Rallies as Gasoline Demand Rises, [...]
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 including commissions) [...]
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.
According [...]
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 Fix the USDA’s Organic Mess [...]
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 overextended, and [...]
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 U.S. Treasuries - Bloomberg
U.S. Pledges [...]
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 buy [...]
