Wednesday, November 24, 2010

BUY Rubicon Minerals (RBY)



This gold stock is in a bullish trend, rising 12% last week, and outperforming the rest of the sector.

RBY now looks poised to break out of a weekly symmetrical triangle. Our first target is $6. If the stock can take that out, our next target is $8-$8.50 within the next few weeks.

3 Top Stocks For Gold $1500



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Insider Selling To Buying Ratio Approaches Five Digits, Hits Record 8,280x In Week Ending November 19

In the first full week of the latest iteration of post-QE2 POMO, which was supposed to see a dramatic ramp in stocks, the only thing we have seen is the biggest insider buying to selling imbalance since the data has been tracked. Overall, selling by S&P500 insiders was 8,279.5x times greater than buying (per Bloomberg). There were 5 insider buys for a total of $150,673, and 117 sales for a total of $1,247,500,249. There is no point to even discuss what this data point indicates.

U.S. Stocks Decline for Second Day on Korea Clash, European Debt Crisis

U.S. stocks dropped for a second day after fighting broke out among North and South Korea and concern grew that Europe’s debt crisis and China’s efforts to tame inflation will slow the global economic rebound.

PulteGroup Inc. and D.R. Horton Inc., the two largest U.S. homebuilders, slumped at least 3.4 percent after a report showed existing home sales trailed estimates. Adobe Systems Inc. slipped 3.4 percent after Morgan Stanley said analysts’ estimates for the first half of fiscal 2011 may be too high. Brocade Communications Systems Inc. tumbled 10 percent as the biggest maker of switches for data-storage networks forecast earnings that missed analysts’ predictions.

The Standard & Poor’s 500 Index slid 1.4 percent to 1,180.73 as of 4 p.m. in New York, and earlier fell 1.8 percent, the most since Aug. 11. The Dow Jones Industrial Average lost 142.21 points, or 1.3 percent to 11,036.37. Stocks also declined as the fallout from a federal probe of Wall Street insider trading continued into a second day. (more)

Chart of the Day: Rare Earth Price Charts

Gold ETFs hold nine years worth of U.S. Supply

Gold’s 24% surge this year to a record is proving no deterrent to George Soros, John Paulson and Paul Touradji, whose investments signal more gains for the longest winning streak in at least nine decades.

Securities and Exchange Commission filings this month by Soros Fund Management LLC, Paulson & Co. and Touradji Capital Management LP listed investments in gold as their biggest holdings. Exchange-traded products own 2,088 metric tons, equal to nine years of U.S. mine supply, data compiled by Bloomberg show. Precious metals will produce the best commodity returns in the next year, Goldman Sachs Group Inc. said in a Nov. 9 report.

The purchases show how investors are snapping up hard assets as governments and central banks led by the Federal Reserve pump more than US$2 trillion into the world financial system. Gold in exchange-traded products, as much as half of which may be held by individual investors according to BlackRock Inc., is equal to more bullion than the official reserves of every country except the U.S., Germany, Italy and France. (more)

Jay Taylor: Turning Hard Times Into Good times



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8 Thanksgiving Option Trades Retailers, food companies should be among the season's winners

We hope this Thanksgiving holiday finds you in good company, good health and good spirits. And we’d like to give you a few more reasons to be thankful this year.

The holiday season is shaping up to be bountiful for a number of retailers and food companies (and not so plentiful for others). The best way to leverage the moves in these stocks will be with options. So here are eight option trading picks we know you’ll be thankful for.

Amazon.com, Inc. (NASDAQ: AMZN) recently bounced strongly off support and is heading toward our price target of $180 per share. If the news continues to be strong. We think the AMZN Dec 175 Calls are a good way to profit from the Black Friday rally. This call is out of the money and there is not much time before expiration, but we don’t expect that traders will need to hold the position for very long. Plus, this setup will keep the cost of entry low. (more)

10 Fascinating Facts About U.S. Currency

We work for it. We wish for it. We save it. We spend it. We gain it. We lose it. Above all, we need it. Yes, money certainly does make the world go round.

In America, that money takes the form of paper bills (printed by the U.S. Bureau of Engraving and Printing) and coins (produced by the U.S. Mint). However, the coins that jingle in your pocket and the bills you stuff in your wallet today are far different from the ones originally produced in the late 1700s.

As you would expect, over the last 200+ years our currency has seen many, many changes -- both big and small. That's a lot of U.S. money trivia to keep up with! So, WalletPop set out to uncover the most interesting tidbits about American currency and share our favorites with you.

Read our questions and answers to discover 10 fascinating facts about U.S. currency.

1. What is the typical lifespan of a dollar bill?
That depends on the denomination of the note. Here are the average lifespans according to the U.S. Bureau of Engraving and Printing (or the BEP):

$1 bill - 22 months
$5 bill - 16 months
$10 bill -18 months
$20 bill - 24 months
$50 bill - 55 months
$100 bill - 89 months

Bills that get worn out from everyday use are taken out of circulation and replaced. Coins usually survive in circulation for about 25 years. (more)

Irish PM Dissolves Government; Spanish Banks Face Debt Challenge; Greece May "Shut-Down"; Meaning of "Guarantee"; Should Ireland Ditch the Euro?

Things continue to simmer in Europe with problems appearing on multiple fronts in Ireland, Spain, Portugal, and Greece.

Here are a few of highlights: Irish Prime Minister Brian Cowen announced he would step down once a series of fiscal packages and budgets were in place next month; Portugal Struggles to Meet Deficit Goal; High Frequency Economics Ltd. says Greece May ‘Shut Down’ on Cash Shortage.

After a look at a few articles I take a look at suggestions for Ireland to abandon the Euro, and a critical look at the meaning of "guarantee".

Irish Leader to Dissolve Government After Budget Passes

The New York Times reports, Irish Leader to Dissolve Government After Budget Passes. (more)

$500 Silver & Imminent Price Explosion