Gold ended last week with heavy losses after the metal failed to sustain the gains versus the strong dollar and amid a heavy selloff on commodities.
This week, the downside pressures on gold might still be evident this week as the metal broke through critical support levels and accordingly the liquidations might still be evident especially amid heavy volatility in the market
70 search results for "commodities"
Why Are Gold Stocks Falling?
Gold stocks normally amplify the gains from gold. If gold goes up 10%, then a good gold stock should go up 20%. So traders look for this ‘leverage’ to the gold price in gold stocks.
That was until ETFs became such a big force on the market.
Now traders can invest directly in gold ETFs with borrowed money to get the same effect. It saves having to do all that annoying research into a gold company.
So with all that money heading for the ETFs – instead of the stocks – the gold price and gold stocks are diverging.
Social Networking Sites have Uncertain Profit Potential
When career-networking site LinkedIn Corp. (NYSE: LNKD) started its first day of trading May 19, its shares zoomed 109% from its initial public offering (IPO) price of $45 a share to close at $94.25, and reached a market value of $9 billion – fueling rumors that we’re in the middle of a new tech bubble. And many investors are eagerly awaiting another batch of Internet IPOs. Social networking sites Facebook Inc. and Twitter Inc. and gaming site Zynga Game Network Inc. are all thought to be hitting the market this year.
Some analysts say these companies have uncertain profit potential….
Depletion of North Sea reserves to affect heating oil prices?
Depletion of North Sea reserves to affect heating oil prices?
This is because, according to a diplomatic cable obtained by WikiLeaks and
reported by the Scotsman, concerns have been raised that the North Sea is
running out of the resource. The 2008 memo from then energy minister
Malcolm Wicks to the US government …
Best Country in Europe for Real Estate Investment
What country combines beautiful scenery, first-class amenities, low prices and a convenient location within a two-hour flight from virtually any point in Europe? Not to mention unique tax advantages for persons who receive certain types of foreign income or a foreign pension?
The answer is Croatia—a well-known European tourist destination 15 years ago, but only now recovering from the widespread perception that it is not a “safe” country to visit.