Another Ingredient For Higher Stock Prices
There are two sides to every trade: The Bulls & The Bears
There are two sides to every trade: The Bulls & The Bears
How To Find Leading Stocks During Corrections… Our longstanding readers know that one of our favorite ways to make money on Wall Street is to find and own leading stocks. We keep things simple and define leadership by looking at the strongest performing stocks in the market at any given time. Why? Because, by definition,…
This post talks about how investors can capitalize on this holiday shopping season.
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JOIN FINDLEADINGSTOCKS.COM TODAY NOT MAKING A DECISION CAN BE COSTLY, ESPECIALLY IN A BULL MARKET Why Global Central Banks Continue To Flood The System With Liquidity: Central banks know that the global economy still needs help. Over the past 5 years, global central banks have flooded the system with liquidity and embarked on an unprecedented…
NEW YORK (Reuters) – Gold futures ended a hair lower on Thursday as the market took a breather after rising for the past five consecutive sessions, and the metal must break above key resistance at $1,150 to rise further, analysts said.
Bullion prices have climbed nearly 3 percent so far this week, largely defying a stronger dollar, as persistent fears over the fiscal health of smaller euro zone economies prompted investors to buy the metal as a haven from financial risk.
The price of gold has been largely moving in a trading range between $1,050 and $1,150 since it rallied to a record high above $1,220 in early December, failing to show a clear direction.
The fact that gold had a technical break-out on Wednesday while the dollar was also rallying “speaks volume” for the metal’s strong underlying demand, said Adam Sarhan, chief executive officer at New York-based Sarhan Capital.
Sarhan said that it will be key for gold to close above $1,150 an ounce for the week, as the metal has risen toward the mark several times but had failed each time.
“If it does rise above $1,150, that means we can confirm the break-out. If it doesn’t, we expect some sideways actions to continue.”