Friday, November 06, 2009
Free Access to Robert Prechter's Current Elliot Wave Theorist and Financial Forecast Reports / Stock-Markets / Forecasts & Technical Analysis
By: EWI
It has been an exciting week in the markets. And FreeWeek attendees have been enjoying the ride.
FreeWeek Update: Elliott Wave International's publications have alerted subscribers -- and FreeWeek attendees -- that volume and breadth readings have been contracting throughout the multi-month rally, which signals a critical juncture ahead.
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Friday, November 06, 2009
The Central Investment Problem of Our Time / Personal_Finance / Pensions & Retirement
By: DailyWealth
Chris Weber writes: A question I received recently goes to the heart of what a lot of people – especially older people – are going through:
Read full article... Read full article...My wife and I are in our mid 70s. We have about 60% of our funds in gold, silver bullion, some gold and silver stocks, and the balance in cash. We need current cash income from US$ with safe dividends – am I dreaming? Can you help?
Friday, November 06, 2009
The Twist on the SPY's "Squeeze" / Stock-Markets / Stock Index Trading
By: Marty_Chenard
Remember last week when we discussed: "The SPY squeeze"?
In that update, we mentioned that: "the SPY's bottom support is rising toward the gap's resistance line." We mentioned it was a "squeeze" because the distance between the resistance and support was becoming a smaller and smaller as every day went by. In other words, resistance and support are converging on each other.
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Friday, November 06, 2009
U.S. Dollar Tops, while Precious Metal Stocks Bottom / Commodities / Gold & Silver Stocks
By: Przemyslaw_Radomski
There’s More to Seasonality Than Summer Doldrums - This has surely been an exciting week for gold and silver investors. The post-Halloween rally that I mentioned in the previous Premium Update, took metals and corresponding stocks substantially higher, and gold itself reached new highs – at least in nominal terms. The mainstream media are now reporting gold-related stories on a big scale and „gold prices“ is the second most often searched for phrase on http://finance.yahoo.com.
Friday, November 06, 2009
How Important Was the October U.S. Jobs Report? / Economics / Recession 2008 - 2010
By: Sy_Harding
The Labor Department reported on Friday that 190,000 more jobs were lost in October, only slightly worse than the consensus forecast of 175,000 lost jobs, and job losses for August and September were revised to fewer losses than previously reported. Good news. The negative surprise was that the unemployment rate shot up from 9.8% in September to 10.2% in October, considerably worse than expectations that unemployment would rise to 9.9%.
Friday, November 06, 2009
Financial Markets Profit Opportunity Thresholds Today / Stock-Markets / Financial Markets 2009
By: DeepCaster_LLC
“One of the great current myths that is being propounded by those in charge is that they are going to magically withdraw, at the appropriate time, the stimulus which is currently preventing the world economy from imploding.
What a bad joke, that is! Tim Geithner, the U.S. Treasury Secretary, may have given the whole ruse away when he said recently that it was important that the authorities publically discuss the subject of withdrawing the stimulus because it was important in sustaining the confidence of financial markets. Very simply, that’s what this is all about. It is a large con job to keep financial markets elevated so the average citizen will ignore the rot which is eating away at the foundation of the economy and the financial system.
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Friday, November 06, 2009
Will Russia Really Sell Gold or Keep Buying? / Commodities / Gold & Silver 2009
By: Julian_DW_Phillips
Russia’s central bank has bought 180 tonnes since June 2006 and another Russian Agency holds off selling 50 tonnes. What’s going on?
It takes a long time to buy useful quantities of gold in the ‘open’ market. It has taken Russia over 3 years to buy 180 tonnes there. We imagine that they set price limits on their buying. This meant they bought more in one month than in the next, as the gold came onto the market. There is no reason to believe that that policy has changed.
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Friday, November 06, 2009
U.S. Unemployment Soars to 10.2% / Economics / Recession 2008 - 2010
By: Peter_Schiff
Two dissatisfied customers comment about a restaurant. One says, "The food here is terrible." The other replies, "I know, and such small portions!" In many ways, they could be describing our current employment picture. Not only are the portions shrinking, but the jobs themselves are steadily losing quality.
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Friday, November 06, 2009
Stock Market Investors Open Mind Warning on Highest U.S. Unemployment In 26 Years / Stock-Markets / Stock Index Trading
By: Chris_Ciovacco
Investors Are Wise To Remain Flexible: The bearish spin on unemployment is obvious. The bullish spin is weak employment means low interest rates which is good for asset prices. Another possible spin by the bulls is "sell the rumor (weak employment) and buy the news (Friday's report)". Ultimately, it matters how the market (in the collective minds of participants) chooses to spin it, not how we at CCM choose to spin it. Nor does it matter how any one individual, one columnist, one market guru, one money manager, one firm, or one talking head chooses to spin it.
Friday, November 06, 2009
Financial Paper Assets Bubble Mania, What Record High Dollar Volume Says / Stock-Markets / Liquidity Bubble
By: EWI
The following article was adapted from the November 2009 Elliott Wave Financial Forecast and reprinted with permission here. Until Nov. 11, you can read the rest of this brand-new report for free, during Elliott Wave International's FreeWeek of U.S. forecasts. Learn more about FreeWeek, and download the rest of this report and others for free here.
Friday, November 06, 2009
Gold New Global All Time Highs Across Top 10 Currencies / Commodities / Gold & Silver 2009
By: Adrian_Ash
The official bid for gold, let alone private-sector demand, looks likely to hold strong...
GOLD didn't only break new Dollar highs this week.
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Friday, November 06, 2009
Gold Breaks $1,100 New High / Commodities / Gold & Silver 2009
By: GoldCore
In afternoon trading on Friday the gold price momentarily breached the $1,100 an ounce level for the first time. Although its time at this level was brief it concluded what has been a very bullish week for gold.The bullish sentiment towards the yellow metal has been built on a very strong base. Central banks have underpinned the price with revelations during the week that the Reserve Bank of India has become a sizeable holder of gold, buying 200 tonnes.
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Friday, November 06, 2009
SPX Stock Market and HUI Gold Stocks Pullbacks / Commodities / Gold & Silver Stocks
By: Zeal_LLC
After India’s central bank gobbled up half of the gold (200 metric tons) the IMF recently offered for sale, gold surged 2.4% on Tuesday to a new all-time nominal high near $1085. Naturally traders flooded into the gold stocks to leverage such an exciting day, driving the flagship HUI gold-stock index up by 8.0%.
Although this surge was certainly fun, considered in context its results were disappointing. Believe it or not, in the hyper-volatile HUI an 8% up day isn’t very rare. There was a 9%+ one in early September and a 7% one in early October. Considering gold rallied $25 in a single day and exceeded its old record by $21, the HUI ought to have done much better on Tuesday.
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Friday, November 06, 2009
GE Explodes to the Upside / Companies / US Auto's
By: Mike_Paulenoff
Wow... General Electric (NYSE: GE) has exploded to the upside this morning after being upgraded by a couple of high profile research departments on the Street. From my perspective, this morning’s up-gap and upside continuation confirms the low of the 17-week cycle and the start of a new cycle, the first half of which should propel the stock higher off of this week’s low at 14.15. The initial optimal target is 16.20/40. My optimal pullback buy zones are 14.90 and 14.60.
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Friday, November 06, 2009
Freaking Out over Global Warming / Economics / Climate Change
By: Robert_Murphy
One of the ugliest battles in the blogosphere climate wars has involved the newly released Superfreakonomics, sequel to the best-selling Freakonomics. In their new book's final chapter, economist Steven Levitt and journalist Stephen Dubner set out to challenge the view that massively restricting carbon emissions is the only hope for averting planetwide catastrophe. Some of the most outspoken advocates for immediate "carbon legislation," such as Joe Romm and Paul Krugman, were appalled by the chapter.