Hot Penny Stocks

May 2010 brought new closing highs for gold in all but two major currencies…
IT’S PRETTY RARE for gold to make a new monthly high for the year in May, let alone for all time.
But when it does (or so history suggests), new buyers might expect better-still prices come Christmas – and gold in 2010 just [...]

Buy gold – tick
Sell Australian Dollar and buy Japanese Yen – tick
Put options on Westfield Group – [screech!]
According to Richard F on the Money Morning blog, he has a much better idea than the Westfield trade:
“How about shorting RP Data – (ASX: RPX).”
Now that would be just spiteful wouldn’t it! It’s a thought though. [...]

The current state of the Australian dollar from a technical perspective is rather complex. But I’ll try and cover the main issues without boring you too much.
It has of course been in a very strong uptrend with other commodity currencies for the past year and so I guess the question of the hour is [...]

The strong Australian dollar is a disaster for Australian manufacturing, and persistent credit restrictions are likely to depress engineering and construction for years.
These are the two big, possibly permanent, losers from the aftermath of the ‘Great Recession’, but watching the action in Canberra there’s a sense of Nero Claudius fiddling on his lyre during the [...]

For those who plan to visit some relatives in UK during the next few weeks or if you just want to trade FX pairs, this may interest you. The following chart represents the evolution of the parity of the Australian Dollar against the British Pound (AUD/GBP).
In our last analysis (Money Morning dated May 26), we [...]

World markets Chinese stocks helped drive the main index of Asia-Pacific stocks (excluding Japan) to an 11 month high, as two surveys showed accelerating Chinese factory output growth. Car and tyre makers were among the biggest winners, after the US Government announced increased funding for its "cash for clunkers" program to encourage households to trade [...]

The worsening global financial outlook has its equivalent worst effect to the economic situation of Australia. Australian dollar, including that of New Zealand’s dollar has continue to slide still due to global economic slowdown and commodity prices.A…

Australian share market is reportedly remained in the red at noon, pulled down by some mining companies.On the Sydney Futures Exchange, the December share price index futures contract was 154 points lower at 4,211 on a volume of 16,525 contracts. CommS…