In early trade, AEM and ABX, my two gold watch list stocks rose to the top of the % gainers list on a weaker dollar. I was waiting for AEM to retrace or form some NRIBs at the base of resistance (blue line). The dollar ended up being a fade and gold pulled back in. However, I noticed that AEM was halted pending news. Briefing.com reported that AEM announced a $252 mln private placement; or 8 ml...
Results 1 - 10 of 303 for "WENT"
The news of the day was hardly positive, what with poor housing figures, more worries about the automakers, and concern in credit markets, but the late-day implosion probably sparked more than a few corner-office types storming onto the trading floor and shouting to nobody in particular, “What the hell just happened?” The collapse of major financial stocks — Citigroup finishe...
One of the unexpected benefits of a $90-a-barrel drop in the price of crude oil is a transport sector that has far less to pay for keeping things moving. Now, of course, that savings is predicated on the assumption that there’s actually something out there to move – that manufacturers are still making things, and consumers are still buying. These days, none of that can be taken for ...
Circuit City Blows A Fuse… But Here’s Why Its Bankruptcy Doesn’t Spell Holiday Doom For Retailers
Wed, Nov 19, 1:29 PM ET
by Paul Moore, Contributing Editor & Technology Specialist, Smart Profits Report So China has become the latest country to pump up its laboring economy, with a whopping $585 billion stimulus package. Whether it works or not… time will tell. But Asian and European stocks picked up on the move on Monday, grasping onto whatever seemingly positive moves they can. Here in the U.S., the me...
Largest moves always at the beginning and the end David Skarica, author of the Addicted to Profits newsletter, gives The Gold Report an exclusive preview of coming market attractions including double-digit inflation, a super pop in gold stocks, and the demise of an empire. A financial advisor who earned his reputation as a contrarian before he turned 30 by predicting the dot.com bust, Skarica w...
HP Beats 4Q Forecasts; Carrefour Milks New CEO From Nestle; InBev Officially Closes Anheuser Buy; Home Depot Beats 3Q Estimate; Gulf Bank Loses $1.4 Billion; Mexican Tycoon Interested in Circuit City; Wholesale Prices Plummet Hewlett-Packard Co. (HPQ), the world’s largest maker of personal computers, offered a preview of its fiscal fourth-quarter profits – reporting that it will bea...
Broadband Penetration: 7 Ways to Profit From Our Biggest Infrastructure Need
Wed, Nov 19, 8:59 AM ET
As is usually the case, I’m sitting here writing from my comfortable home office in rural northeast Pennsylvania. I often marvel at the fact that even from my remote location, I’m able to do research and submit copy over a broadband connection. Of course, 20 years ago we never would have thought of broadband penetration as a necessary component to our nation’s infrastructure. ...
Filed under: Insiders, Law, ScandalsThis post is part of a feature in which we wonder whatever happened to some notorious financial felons. See all 17. Ah, for the simple days of the 1980s. Way back then, the crimes of greedy traders were obvious and unambiguous, and the crooks had the decency to look the part. Few played the role of the greedy financier as well as Ivan Boesky, who went all the...
Two months ago, in late September, I penned a piece titled Liars, and the Lying Lies They Are Telling You, which examined just one single publicly available FDIC document from 2002 which shows beyond any doubt that the Feds were not only aware of the problems in the finance industry that have led to near economic collapse today, they were already convinced that there would soon be dire repercus...
On the surface, this financial crisis seems pretty complicated. Wall Street firms made convoluted bets on exotic mortgage securities, and those bets failed for a complex set of reasons. But in fact, investment banks went under for reasons that were quite basic.