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Wall Street rally: Check out Goldcorp (GG) and Barrick (ABX) and buy gold

Wall Street is celebrating today. It was the biggest rally in Wall Street history, yet it just a three-day high. The jubilation will not continue and gold prices will soar. Use today’s action to profit well after today’s action subsides. By Andrew Snyder Baltimore – (TFN): I am starting to think Wall Street must have eaten [...]

Panicked Short Selling Causes Financials Rally

“You know, you saw subprime go first, and then, on a slight lag, you saw home equity, and now in the lag, you’re seeing prime go. And it’s exactly the same loss factors. But remember, the components of where we are in the states…[are] very different. And we started doing more jumbos in ‘07, so [...]

Dow Jones Industrial Index Rally: “We may yet end the year with a 5% gain.”

“Today’s rally was an impressive event. Add in Tuesday’s gains and you’ve almost matched the gains from August 16th and 17th. But back in August, the market was sitting at this exact same tension point.” — Adam Lass by Adam Lass, TFN Baltimore — (TFN): The cavalry has ridden in – all the way from Adu Dhabi [...]

Dow Rally: Recent volatility points at further downward pressure

“The Dow has just popped its nose above the critical resistance level at the 200-day moving average. Considering the tremendous amount of recent market volatility, major market averages will probably encounter downside pressure at this level.” — Bryan Bottarelli  by Bryan Bottarelli Baltimore and Chicago — (TFN): As of 1:00 p.m. CT, the Dow [...]

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