A lot going on this week in Middle East and Europe. Any news either way will like send the market in that direction. We are hoping for good news, but at some point the Greece and Iran issues are likely to be a worldwide problem. Watch out for Oil, Gold, and Silver. I’m looking for oil to be at the start of a huge bull market!
Hey everyone, the moment you have been waiting for all day, B Money’s weekly stock picks. Even with some of the pull back last week in the general market, many of the stocks on last weeks watch list were still gaining ground. We also mentioned that the market would start seeing some pull back last week, and that too was confirmed. That being said, the near future will be good for stocks due to the monetary easing of all major currencies by their governments. If you have not began researching alternatives to paper currencies, it is suggested that you look into gold and silver. Many financial “gurus” believe 10-15% of your cash should be in metals as a hedge to inflation and monetary easing. I suggest GoldandSilver.com as one resource.
SAN FRANCISCO (MarketWatch) — Gold futures declined Monday, with prices pulling back by as much as $26 an ounce as strength in the U.S. dollar dampened interest in metals.
Gold for April delivery (XCEC:GC2J) declined $15.40, or 0.9%, to settle at $1,724.90 an ounce on Comex division of the New York Mercantile Exchange. It fell by as much as $26.30 to touch a low of $1,714 an ounce earlier.
Upbeat data on U.S. employment helped fuel a drop of $19 in gold on Friday, as its safe-haven appeal took a hit. Read more on Friday’s gold session.
While the punditocracy dives into the details and debates the vices and virtues of Mitt Romney’s and Newt Gingrich’s 2010 tax returns, we decided to see if we could glean any ideas that might help you with your taxes … and maybe even save you some money.
We found a gold mine for ordinary folks who’ll never need a Swiss bank account or have to file forms like the Form 926 “Return by a U.S. Transferor of Property to a Foreign Corporation” or Schedule M of Form 5471 “Transactions Between Controlled Foreign Corporation and Shareholders or Other Related Persons” that were attached to Romney’s return.
Facebook could file for its long-awaited initial public offering as early as Wednesday, the Wall Street Journal reported Friday.
The social-networking company is expected to pick Morgan Stanley (NYSE: MS – News) as the lead underwriter for the IPO, the Journal said. The Wall Street bank has been the most popular choice among internet IPOs in recent years.
Natural gas has gotten a much needed boost over the last couple weeks, rising over 15% after a catastrophic drop in the last year. The rally came in reaction to Chesapeake Energy’s (CHK) announcement that it was cutting capital expenditures by more than 2/3’s from last year, suggesting lower supplies. In addition, President Obama suggested in his State of the Union address that he’d seek to use more natural gas as a bridge between crude and renewables, suggesting stronger demand.
MADRID (AP) — Spain’s brutal unemployment rate soared to nearly 23 percent Friday and closed in on 50 percent for those under age 25, leaving more than 5 million people — or almost one out of every four — out of work as the country slides toward recession.
Spain’s National Statistics Institute reported that 5.3 million people were jobless at the end of December, up from 4.9 million in the third quarter — a jump in the unemployment rate from 21.5 percent to 22.9 percent in the fourth quarter.
The power of Apple’s business model was on full display this week, when the company reported astonishingly strong fiscal first-quarter results. The company’s shares surged on Wednesday, bringing Apple’s market cap to over $416 billion, just a hair below ExxonMobil’s as the world’s most valuable company. (See:STAY STOKED APPLE FANS: This Should Be One Heck Of A Year!)
In his new book, Inside Apple, Fortune’s Adam Lashinsky delves far beyond one quarter and seeks to understand what makes Apple so successful, and so unique. His conclusion: “Think Different” isn’t just a marketing slogan.
Gold climbed to an almost seven-week high in New York on speculation that the Federal Reserve‘s pledge to keep interest rates low will drive the dollar lower and boost demand for precious metals as an alternative asset.
Futures rose 2.1 percent yesterday after the Fed said its benchmark interest rate will stay low until at least late 2014. Low rates mean gold is more competitive against assets that pay dividends or interest. The dollar dropped as much as 0.5 percent against the euro today. Holdings of gold in exchange-traded funds jumped 0.4 percent yesterday and U.S. The U.S. Mint’s January gold coin sales are the most in a year.