Posts Tagged ‘Goldcorp’

Gold Hits All-Time High

1:00pm (EST) The bulls have pushed the Dow to another triple-digit gain and gold has hit an all-time high of 1,044 today.  Stocks are seeing their biggest gains in over two months as Gold and Energy stocks are zooming.  Halfway through the trading session, the Dow is up 140 at 9,740. The S&PRead more

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Tuesday's Tidbits

9:00am (EST) Futures are actually positive this morning as I prepare this post for Tuesday’s Tidbits (my time is 1:30am now…). Pretty amazing since we got a 300-point drop on the Dow yesterday. A few updates. Amazon.com (AMZN, $77.57, down $0.48) dipped to a low of $76.83 on Monday andRead more

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Market Looking For Answers

The market is trading lower this morning and the Vegas over/under is 8000 for the Dow. I got 50 cents on the under. The index slid nearly 200 points at the open but has cut that in half trade which puts us at 8009. There are a few bright spotsRead more

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Dow Hanging on to 8000 Level

The Dow is back at 8000, down 228 points, as the financial stocks are weighing heavy on the market once again. The financial stocks are averaging 20%-50% moves this week on a daily basis and as options traders, this is the stuff we live for. The sector continues to experienceRead more

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Market Reverses Course

The market started off in positive territory as the Dow traded to a high of 8100 but just turned negative after an hour and a half of trading. The Dow’s 150-point gain has been wiped out and as the Senate is grilling President Barack Obama’s Treasury Secretary nominee, Timothy Geithner,Read more

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Gold Back on Radar

In mid-December we rode gold for a three-day trade that netted quite a few double-digit returns. The “Big Three” is what I like to call my Watch List for gold although there are five or six on the list that I follow. Here is an excerpt from the December 15Read more

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Market Retreats, Gold Stops Hit

The market started Wednesday off in the red and managed to turn things around in the afternoon before giving up its gains in the final two hours. There wasn’t any panic selling and it appears both bulls and bears are waiting to see how Friday unfolds with Triple Witching. ThenRead more

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Gold Stocks Continue Rally

Gold is up strong this morning as the yellow metal is higher by $27 and now stands at $870/ ounce. I’ve been talking about the correlation between gold and a weak dollar and the gold trades outlined on Monday have been low risk/ high reward. I have been expecting aRead more

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Gold Stocks Shine

With the Fed meeting on Tuesday, Gold stocks are enjoying some nice gains today. There seems to be some investors scaling back into gold with December and January call options. Barrick Gold (ABX, $33.39, up $2.07) December 35 call (ABXLG, $0.80, up $0.50) January 35 call (ABXAG, $2.70, up $0.95)Read more

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Oil Jumps $16, Gold Breaks $900

Oil prices briefly shot up more than $25 a barrel Monday, shattering the record for the biggest one-day gain ever as Wall Street worried about the government’s $700 billion bailout plan. The concerns caused oil to spike and the dollar fell sharply which led to the sharp rise in gold.Read more

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CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.