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A Small-Cap ETF – A Big Idea for Gold Bugs (GDXJ)
Thursday, May 20, 2010 - 5:30am | 575The fallout from plunging oil prices and Europe’s sovereign debt crisis has given investors few places to hide. Two asset classes are on the upswing lately: the U.S. Dollar and Gold. Both are seen as safe havens. Yes, they’re bouncing around a lot and are due for a correction. The current...
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Stocks Under Pressure 05-19-2010
Wednesday, May 19, 2010 - 6:37pm | 777Cusick’s Corner We are being barraged by headlines: Financial Reform bill up in the air. New fears of another BP rig. EU still in flux. Let’s cut to the chase. Strategically in this type of environment (higher implied volatility with bearish sentiment), consider looking at strategies like bear...
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Market Jittery 05-19-2010
Wednesday, May 19, 2010 - 4:18pm | 784Cusick’s Corner This market is chalk full of emotion, starting with the Euro bounce, which should start to help oversold Energies in the face of Germany’s short ban. We also had speculation into the midday that the derivative compromise by Senator Dodd was in jeopardy of being pulled. This news...
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A Bubble in Gold?
Wednesday, May 19, 2010 - 2:26pm | 2256At times, it’s hard to take a step back from all the excitement and make a rational decision, which might be the opposite of what the crowd is doing and thus seem like the wrong decision to make. The markets are an exceptional breeding ground for this type of “crowd” behavior. Because the markets...
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Option Strategies for Trading the Yellow Metal
Wednesday, May 19, 2010 - 12:19pm | 1640Gold investors should “rush to the exits,” so said hedge fund manager and newsletter editor Dennis Gartman, in a note to clients earlier this week. He noted that the rally in the yellow metal has “gone parabolic” and should be sold. Gold has been a big topic of discussion across the market of late...
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John Paulson's Q1 2010 Moves
Tuesday, May 18, 2010 - 8:38am | 1506SEC filings are in for Q1 2010, so 'whale watching' season is on. We'll just focus on our normal few who make large directional and/or macro bets, starting with the now infamous John Paulson - the world's largest gold bug. :) The biggest news this quarter appears to be a new exposure to home...
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Top 5 AMEX Stocks In The Gold Industry With The Highest Sales (NXG, GSS, AZK, RIC, CGR)
Monday, May 17, 2010 - 6:38am | 168Below are the top 5 gold stocks on the AMEX in terms of sales. The trailing-twelve-month sales of Northgate Minerals Ltd (AMEX: NXG) is $485 million. NXG has a PEG ratio of 0.59. The trailing-twelve-month sales of Golden Star Resources Ltd (AMEX: GSS) is $416 million. GSS has a trailing-twelve-...
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WJB Capital Is Bullish On Gold (NEM)
Thursday, May 13, 2010 - 7:40pm | 217John Roque of WJB Capital said on CNBC's Fast Money that gold is going higher, and every pullback is a great buying opportunity. He compared the performance of gold relative to S&P 500, and identified that gold is in its fourth cycle. In the prior cycles, when gold peaked relative to S&P...
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Robust IPO market continues as Malaysia’s thirst for FDI persists
Thursday, May 13, 2010 - 12:40am | 544Malaysia’s IPO market remains robust amidst a general global slowdown in public floats that pundits attribute to sentiment stemming from the European credit crisis. While the proposed offering of Malaysia Marine Heavy Engineering, announced last week, will raise over 1 billion ringgit ($309.6...
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A Look At Passport Capital's Portfolio (DPS, X, ABX, PWRD)
Wednesday, May 12, 2010 - 5:32pm | 290Passport Capital LLC is a San Francisco based, global investment firm founded by John H. Burbank III in 2000. The firm manages approximately $2.8 billion in assets. Passport's investment process uses a combination of macroeconomic analyses to develop major themes and rigorous fundamental research...
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Heavy Call Trading in Eldorado Gold
Wednesday, May 12, 2010 - 11:59am | 140Eldorado Gold Corp. (NYSE: EGO) has been on a terrific tear higher along with the price of bullion as of late. Calls have been favored for quite some time, but I am seeing some mixed activity in the name today. Options trading has been largely call related, with hundred lots in the front month...
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Top 5 Small-Cap AMEX Stocks In The Gold Industry With The Highest Return On Equity (CDY, CGC, AZK, ANV, GSS)
Wednesday, May 12, 2010 - 6:50am | 176Below are the top 5 small-cap gold stocks on the AMEX in terms of ROE. Cardero Resource Corp (AMEX: CDY) has a trailing-twelve-month ROE of 87.11%. CDY fell 4.62% over the past 52 weeks, while the S&P 500 gained 27.24% over the same period. Capital Gold Corp (AMEX: CGC) has a trailing-twelve-...
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Safety Trade Gold All-Time High 05-11-2010
Tuesday, May 11, 2010 - 6:20pm | 717Cusick’s Corner The market made a valiant attempt to break to the upside, but upside resistance of 1177 on the SPX (the level of that big drop which started last week) was not broken and the safety trade, Gold QOM10 $1233.50 +32.75, is at all-time highs. From a technical perspective, this short-...
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Inflation & Deflation Fighters 05-11-2010
Tuesday, May 11, 2010 - 2:53pm | 770Cusick’s Corner Today’s market action is precarious at best. The Euro is still down, gold at almost all-time highs, and stocks are still running to the upside. As a trader, when the market and policy action are not making much sense, one must really shore up risk and capital management. On the...
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Gold Rush Leads To Gain In Agnico-Eagle Mines (AEM)
Tuesday, May 11, 2010 - 12:33pm | 159Agnico-Eagle Mines (NYSE: AEM), a leading gold mining company, has soared close 5.3% by mid-day trading on Tuesday, as the gold futures for June soared to a fresh four and a half month high of $1220. Agnico-Eagle Mines (AEM), which had initially confirmed first signs of bullish trend on charts only...