Friday, May 25, 2012 Stock Market Commentary: Stocks and a slew of other “risk assets” ended mixed to mostly lower last week as the euro dragged risk assets lower as it continued to fall to a fresh multi-year low. From a technical standpoint, the action is weak and continues to get “weaker.” In early May,…
By Josephine Mason NEW YORK | Wed May 23, 2012 5:02pm EDT (Reuters) – Gold managed to recover most of the ground it lost in a brutal sell-off earlier on Wednesday even as sentiment and the euro remained fragile as European leaders met to discuss the deepening euro-zone debt crisis. Gold tested key support levels for a…
Note: We’ve had a ton of great feedback on the 2nd clip (below)! 1. Starting at 4:45min- When I asked Maria if she would put her money in European Banks? I meant- would she deposit her personal savings in a European bank? She thought I was asking if she would invest her money in European…
Facebook Shares Plummet on Day 2 By DREW FITZGERALD And MATT JARZEMSKY NEW YORK—Facebook Inc. shares plunged on their second day on the stock market, a black eye for all those involved with the social networking company going public. “The underwriters completely screwed this up,” said Michael Pachter, analyst at Wedbush Securities. “This thing should have been half as big…
By Barani Krishnan NEW YORK | Fri May 18, 2012 8:18pm EDT (Reuters) – Hedge funds and other money managers liquidated more than $2 billion in gold futures over a week, trade data on Friday showed, before a forceful rebound in the precious metal potentially tripped up some of them. The majority of fund managers also appear to have…
Friday, May 18, 2012 Stock Market Commentary: Stocks and a slew of other “risk assets” fell for a third straight week after the latest round of economic and earnings data suggests the global economy is slowing, not growing. Now that we are in the latter half of earnings season, the reaction by the major averages…
NEW YORK | Thu May 17, 2012 9:04am EDT (Reuters) – New U.S. claims for unemployment benefits were unchanged last week, according to government data on Thursday that will do little to ease concerns about a recent slowdown in jobs growth. COMMENTS: DOUG ROBERTS, CHIEF INVESTMENT STRATEGIST, CHANNEL CAPITAL RESEARCH.COM, SHREWSBURY, NEW JERSEY “What we’re seeing is…
Prominent hedge fund manager John Paulson held on to his ETF bullion holdings in the first quarter of this year, profiting from an early surge in gold prices before the market tanked, a regulatory filing by his company showed on Tuesday. It was the first time Paulson had retained his position in the SPDR Gold Trust [GLD 150.35 0.61 (+0.41%) …
Mon May 14, 2012 9:12pm GMT (Updates with markets’ close; technical comment on CRB) * CRB at lowest since October 2010 * U.S. crude, copper, gold near 4-month lows * Raw sugar rebounds after nearing 20-month bottom By Barani Krishnan NEW YORK, May 14 (Reuters) – The selloff in commodities deepened o n M onday,…
NEW YORK/LONDON (Reuters) – Copper crumbled to a four-month low on Monday as commodities slumped broadly on fears of a slowdown in global economic growth triggered by political deadlock in Greece and further signs of a struggling Chinese economy. Most other metals also fell, with nickel sinking to a 2012 low below $17,000 a tonne,…