Published: Monday, 12 Nov 2012 | 5:52 PM ET Gold moved lower on Monday as a lack of an agreement by euro zone governments to disburse more money to Greece prompted bullion investors to sell and take profits. The metal on Monday largely tracked lower with riskier assets such as the euro after euro zone finance…
By Barani Krishnan NEW YORK | Fri Oct 5, 2012 5:53pm EDT (Reuters) – The net long money held by hedge funds and other big speculators in U.S. commodity markets rose in the week to Tuesday after strong buying in gold and natural gas, trade data showed on Friday. The rise – calculated from data issued by…
The following was from my twitter feed (to get live access, simply follow @adamsarhan) on 12.29.2011 1. @adamsarhan One of the strongest correlations remains: S&P500/ $XLF (financials ETF) = +97.5%! 2. @adamsarhan Another very strong correlation is SP500/Crude Oil= +95.2%! 3. @adamsarhan However: Euro/Gold correlation remains very strong at nearly +90% 4. @adamsarhan SP 500/Gold correlation has…
“Once the 50-day average is broken on a weekly basis, it a first sign of weakness and that the trend may be changing,” said Adam Sarhan at Sarhan Capital.
Tuesday March 01, 2011 05:35:20 AM GMT MARKETS-PRECIOUS (UPDATE 7) * Unrest in Yemen, Oman, Libya fuels safe-haven buying * Middle East, N. Africa tensions support oil, hit dollar * Silver prices set for 20 pct rise in February * Coming up: Fed’s Bernanke Congress testimony Tue, Wed. (Recasts, updates prices, market activity; changes byline,…
Stocks rallied across the globe as the dollar fell and the Dubai World concerns eased. Volume was lighter than Monday’s levels as the major averages advanced. Advancers trumped decliners by almost a 4-to-1 ratio on the NYSE and by a 2-to-1 ratio on the Nasdaq exchange. There were 45 high-ranked companies from the CANSLIM.net Leaders List making a new 52-week high and appearing on the CANSLIM.net BreakOuts Page, higher from the 13 issues that appeared on the prior session. New 52-week highs reported outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange
The major averages rallied during the first half of the week but the bears showed up in the latter half and erased the gains and sent stocks lower. This article discusses the important events of the week.
Monday’s (11.16.09) after market report analyzes the important events of the day.