Bullish

–Boy, it sure isn’t a good look for the land of the free and the home of the brave that American-made F-16s and M1 Abrams battle tanks are out in force across Egypt now. But cosmetics and theatrics aside, there’s a bigger story here: the entire geopolitical arrangement that has grown up around the U.S. [...]

THE PRICE OF GOLD sank through $1200 an ounce for the first time in 3 days on Friday, falling fast to $1190 and below on news that US unemployment rose by just 11,000 last month.
Wall Street analysts had expected 111,000 job losses for November. The unemployment rate ticked down to 10.0%.
“We are bullish while [gold] [...]

ANZ Capital 79,198 Blue Energy shares from July 22 to August 26, increasing from 113,525,219 shares (20.07%) to 113,604,417 shares (18.07%). STOCK DASHBOARD: August 28, 2009 Blue Energy Closing Price: 24.0c Price change from previous trading day: 2.1% Relative Strength (6 months percentile rank): 52.6 Market capitalisation: $150.9 million Turnover volume: 273,639.0 Volume Index (1 [...]

Tags:

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 [...]

China’s stocks rose 4.52 percent on Thursday’s close. The benchmark Shanghai Composite Index rose 4.52 percent, or 126.00 points, to finish at 2,911.58. The Shenzhen Component Index rose 3.91 percent, or 438.43 points, to end at 11,648.35.Combined turnover expanded only slightly to 191.33 billion yuan ($28.01 billion) from 191.07 billion yuan on the previous trading [...]

Tags:

My punt on Fortescue metals group I took a punt on FMG ( Fortescue metals group) this Thursday on 13/08/2009 at $4.42 @ 1000 Units That  totals too $4439.95 ($4.42 x 1000 Units = $4420 + $19.95 = $4439.95 ) ( the 19.95 being my broker fees at www.comsec.com.au . Luckily for me  Fmg got [...]

Tags:

What’s new on the FX markets? What is the current US Dollar direction? The US Dollar index is a good synthesis and gives a pretty good snapshot of the current trends.
Let’s take the daily chart. The index has just reached a key level. This level is a support line around 78.5 and is the last [...]

Last month, in our previous update on the CRB Index, we were mentioning that the rebound generated in late February/early March would have the 265 and 305 points as main targets (Money Morning of May 27).
The first target has actually been reached two weeks ago, and as expected a corrective move has been following. The [...]