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GLD Breaks Out to the Upside
by Sean Brodrick | February 22, 2012
The move upward in gold today was strong. Let’s see where this left the SPDR Gold Shares ETF (GLD: 172.94 +1.92 +1.12%) … The points I think are important on this daily chart. GLD broke out to the upside on rising volume. Momentum indicator MACD gave a bullish cross-over and is gaining strength. The bottom … [ More » ]
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2 Charts by Reader Request
by Sean Brodrick | February 22, 2012
I get letters about stocks. Some are of no interest to me (sorry). Others I find interesting enough to look at. A couple examples … Momentum is improving for Canadian oil & gas producer Enerplus, and yesterday it popped above its 50-day moving average. It did that back in November and December and failed … [ More » ]
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Chart of the Day–Sugar Is Looking Sweet
by Sean Brodrick | February 22, 2012
A chart of the sugar ETF (SGG: 89.86 +0.65 +0.73%) got really interesting yesterday … You can see that SGG is breaking out through overhead resistance. This gives us a price target of 104. The move was driven by heavy short-covering as well as broad-based buying throughout the commodity complex as the macro sentiment turned … [ More » ]
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3 Charts For the World Money Show
by Sean Brodrick | February 20, 2012
When I was recently at the World Money Show in Orlando, three people asked me to look at different charts. Here they are. One guy asked me to look at Tullow Oil. I prefer weekly charts … It lists in London, so Tullow isn’t tradeable for everybody. It looks quite good. It’s trading at 1600 [ More » ]
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Weekend reading: 12 Stories to Fascinate, Illuminate, and Fumigate
by Sean Brodrick | February 17, 2012
Happy Friday before President’s Day. Today is options expiry for gold, so the bear raid in gold we’re seeing today shouldn’t be too surprising. Next Friday is silver options expiry, so we can expect silver to feel the pain on into next week. In honor of President’s Day, I present this snapshot of President Lincoln … [ More » ]
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Foreign investment into China drops
by Tony Sagami | February 16, 2012
Western countries aren’t willing to invest in China like they used to. Foreign direct investment in China fell 0.3% in January from a year earlier to $9.997 billion. That’s a huge turnaround from the flood of foreign money that used to pour into China. [ More » ]
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Bond Manager Compares US Economy to Fall of the Roman Empire
by Sean Brodrick | February 15, 2012
By now, we’re used to bond managers telling the rest of us that we’re all going to hell on the debt express. Jeff Gundlach, the bond fund manager of DoubleLine Capital, puts his thoughts into the following presentation. While I don’t agree with all of his conclusions, some of his slides are quite good, including slide #7, “Years … [ More » ]
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Political ads slam China
by Tony Sagami | February 14, 2012
Take a look at this political advertisement from Citizens Against Government Waste. In this 1 minute ad, students in a 2030 Chinese classroom in study the fall of the United States. “Of course, we owned most of their debt. … so now they work for us.” ad … [ More » ]
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Boeing lands biggest order EVER from Lion Air
by Tony Sagami | February 14, 2012
Indonesian aircraft carrier Lion Air is buying 230 Boeing jets worth $22.4 billion. That is the single biggest order Boeing has ever received both in terms of dollars and number of planes. What does that tell you about the future of the travel industry in Asia? [ More » ]
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Inner provinces enjoy rapid growth
by Tony Sagami | February 13, 2012
Some parts of China are still growing like a weed. [ More » ]
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Chinese retail sales growth
by Tony Sagami | February 13, 2012
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China imports slump
by Tony Sagami | February 13, 2012
Is China’s domestic consumption on the decline? Imports sank 15.3% in January versus January 2011. It was also interesting that exports to Europe shrunk by 3.2% in January. [ More » ]
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Market Update
U.S.
Wed 2/22/12, 5:30pmIndex Last Change 
NASDAQ 2,933 -15.4 S&P 500 1,358 -4.5 Europe
Wed 2/22/12, 12:06pmIndex Last Change FTSE 100 5,917 -11.7 CAC 40 3,447 -17.9 DAX 6,844 -64.3 Asia
Thu 2/23/12, 1:11amIndex Last Change HANG SENG 21,385 -164.6 NIKKEI 225 9,596 +41.6 CSI 300 2,603 +5.0
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