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The Rally In Gold Mining Companies: Barron’s (NG, SA,)
Monday, February 15, 2010 - 6:51pm | 132According to a Barron’s report, the little companies that explore gold have seen a tremendous rise in their returns. The stocks of these little gold exploration companies have rallied as gold prices have increased. NovaGold Resources, Inc. (AMEX: NG), and Seabridge Gold, Inc. (AMEX: SA) are two...
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Inside: Market Mental Asylum (NYSE:FCX), (NYSE:NEM), (NYSE:X), (NYSE:XOM), (NYSE:JTX), (NASDAQ:BIDU)
Sunday, February 14, 2010 - 6:13pm | 1942This article is meant to be a compilation of market ideas, data, analysis and guidance. It comes from a Chief Market Strategist who considers his mind to be somewhat of a market mental asylum with crazy ideas, thoughts and knowledge all thrown together. Enjoy the journey! The Federal Reserve Slowly...
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Hedging With Gold Miners (AEM, GFI, NGD, DGL)
Tuesday, February 9, 2010 - 3:22pm | 1047In the last period of sharply rising prices (the late 1970s), Gold shot from $100 to $850. This gold bull began at $250 9 years ago, and Gold bug such as hedge funds manager John Paulson believes it may peak well above $2,125 an ounce before this one's over. Last Thursday Gold price plummeted $50...
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Kingross Gold is Shining
Tuesday, February 9, 2010 - 11:41am | 81Kingross Gold Corporation (NYSE: KGC) is receiving a large bullish options trade this morning. The March $17 calls were bought on the offer heavily just moments ago. 13,000 contracts have been bought so far, which is way above the open interest on the strike of 416. This move comes as gold futures...
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Benzinga's Top ETF Decliners (FAS, GDX, URE, TAN)
Monday, February 8, 2010 - 4:34pm | 260Wells Fargo & Company (NYSE: WFC) and Bank of America (NYSE: BAC) are trading more than 3% down today, which has hurt Direxion Daily Financial Bull 3X Shares(ETF) (NYSE: FAS). FAS dropped 4.4% so far and has a volume of 28.77M traded shares. Market Vectors Gold Miners (ETF) (NYSE: GDX) lost 3.4...
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Royal Gold, Inc. (RGLD) Price Objective Lowered
Friday, February 5, 2010 - 5:31pm | 103Analysts at Bank of America Merrill Lynch have lowered the price objective for Royal Gold, Inc. (NASDAQ: RGLD). The price objective has been lowered from $57 to $54.75. The company has reported revenue of $60.8 million for the first half of FY10. The company reported EPS of $0.41 for the first...
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Stock Market News for February 5, 2010 - Market News
Friday, February 5, 2010 - 10:22am | 461An unexpected rise in jobless claims and lingering sovereign debt issues in Europe resulted in a massive selloff on Thursday, sending the blue-chip Dow average below the 10,000 mark for the first time since November. Commodities plunged as jittery investors propelled the dollar to a more than...
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First Yearly Increase in Trucking Index Since 2008
Tuesday, January 26, 2010 - 10:39pm | 361"The American Trucking Association's advance seasonally adjusted (SA) Truck Tonnage Index climbed 2.1% in December, following a 2.6% increase in November. The latest gain boosted the SA index from 106.2 in November to 108.4 in December, its highest level since November 2008. Compared with...
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Jim Cramer’s Favorite For 2010 is Gold (GLD, FCX, EGO, GDXJ)
Monday, January 11, 2010 - 10:37am | 215Jim stuck to recommending gold stocks throughout his “Mad Money” show on January 8, as he disclosed his theme for 2010 as “going for the gold”. Cramer mentioned that gold has moved up 24% over the past year and may continue in the upward direction for some more time. He said that it is best to hold...
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Top NYSE Pre-Market Gainers (ALU, HL, GFI, AUY, SLW, F)
Thursday, December 31, 2009 - 9:49am | 310Alcatel-Lucent (ADR) (NYSE: ALU) has climbed up 3.64% to $3.42 in the pre-market session. The 52-week trading range for ALU is $1.09 - $4.95. Alcatel-Lucent has gained over 30% in the last six months. ALU closed at $3.30 in the previous trading session. Hecla Mining Company (NYSE: HL) has climbed 2...
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US Markets Shed Gains For The Second Consecutive Day (AMZN, CBS, NEM, ABX)
Wednesday, December 30, 2009 - 3:03pm | 262US stocks opened slightly higher this morning after a report pointed towards a recovery in manufacturing in the Chicago region. However, stocks started struggling by mid day, falling from the 2009 highs achieved over the past couple of days. While the Dow Jones Industrial Average (NASDAQ: INDU)...
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Nov. Trucking Volume Highest Level in a Year
Tuesday, December 29, 2009 - 9:08pm | 225ARLINGTON, VA — The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 2.7% in November, following a 0.2% contraction in October. The latest gain boosted the SA index from 103.6 (2000=100) in October to 106.4, its highest level in a year....
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Gold Stocks Slide on Light Volume
Monday, December 28, 2009 - 1:22pm | 108Gold stocks traded lower Monday on abbreviated volume, bogged down by Goldcorp(GG), Newmont Mining(NEM), and Barrick Gold(ABX). Newmont Mining saw the largest drop in AM trading, losing $1.21 or 2.5% from its open of $48.22. Despite rebounding from its December 22 low of $105.31, the SPDR Gold...
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US Stock-Index Futures Gaining
Monday, December 28, 2009 - 12:23pm | 139With the US stock-index futures gaining more points, there is a possibility of Standard & Poor’s 500 Index extending the winning streak that has been continuing for the past couple of months. The markets have been gaining on the signs of recovery in the global economy. Rising gold and crude...
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Stock Market News for December 24, 2009 - Market News
Thursday, December 24, 2009 - 9:42am | 376U.S. stocks closed higher for a fourth day on Wednesday as disappointment over a surprise drop in home sales was offset by strength in technology and commodities-related shares. Stocks declined in early trading after a Commerce Department report noted new home sales fell to their lowest level...