Economic Fears

Market Wrap-Up for Nov.22 (GS, MS, JPM, BBY, WYNN, more)

Investors came into this morning’s session expecting the markets to react positively to news of a financial bailout for Ireland. Instead, the markets spent most of the day in the red, with some buying in high-beta names to help push stocks to a respectable close. We really hadn’t yet seen a sell-off occur from any economic fears directly tied to Ireland’s situation, so it was a bit odd to me that economic watchers were expecting a positive reaction to the U.S. markets this morning. Sometimes I wonder what market watchers are seeing when it comes to the constant need to cheer-lead the averages higher. The sooner we get back to fundamentals themselves driving stock prices higher, the better off the market will be for the long term. Looking at the culprits pulling the averages lower today, look no further than the financials. Part of the worries are due to an FBI investigation that may tie some big-name Wall Street firms and hedge funds to institutional insider trading charges. Without knowing anything further, it would not make much sense to speculate who the key players could be that are involved and what exactly would be the penalties. There was decent selling in names like Goldman Sachs ( GS ), Morgan Stanley ( MS ) and JP Morgan ( JPM ). Buying in stocks like Best Buy ( BBY ) and Wynn Resorts ( WYNN ) helped lift the averages off the lows of the day. I hope everyone had a great weekend, and be sure to check out the latest members-only Dividend.com Premium articles you may have missed from last week. Also, don’t forget to check out new Investing Videos section. If you’re newer to our site, you’ll also want to view our “How to Use Our ‘Best Dividend Stocks’ List” video . And as always, check out our industry-leading Best Dividend Stocks list for the top dividend names to put money into right now. Thanks for reading, and I’ll see you tomorrow! Be sure to visit our

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Barrick (NYSE:ABX), Ivanhoe (NYSE:IVN), Eldorado (NYSE:EGO), Agnico (NYSE:AEM) Rise with Surging Gold Prices

The jobs report in the U.S. showing further terrible results have gold prices today jumping and gold miners rising with them. Barrick Gold (NYSE:ABX), Ivanhoe Mines (NYSE:IVN), Eldorado Gold and (NYSE:EGO) and Agnico-Eagle Mines (NYSE:AEM) are all in positive territory in anticipation of the inevitable inflationary move by the Federal Reserve, which will pump more money into the American

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Gold Prices Ready to Rebound?

Gold has taken a little bit of a hit this week, as investors ignored the bad economic news and latched onto the good. That’s highly unlikely to continue for long, as the weakness in the global and U.S. economy isn’t going to improve any time soon, and mounting evidence confirms we’re in for a continuing recession. Gold prices will respond accordingly and continue their upward push to who knows

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Bonds Up, Stocks Down on Renewed Economic Fears

Bonds Up, Stocks Down on Renewed Economic Fears

Filed under: Market Matters , Economic Data , Federal Reserve , Currency A new fear gripped the market Friday. Originally, gross domestic product — the broadest measure of economic activity — was reported to have grown 2.4% in the second quarter. Now, many are expecting the Department of Commerce will revise this figure down next week. According to a Bloomberg survey , revised GDP will have lost one point to a more anemic 1.4% growth. The expectation of the lower GDP caused an accelerated rush to buy Treasuries. On the futures market , the 30 year bond was up 15 ticks to 134-26 . The Dow Jones Industrial average continued its decline, falling yet another 90 points in early morning trade. Continue reading Bonds Up, Stocks Down on Renewed Economic Fears Bonds Up, Stocks Down on Renewed Economic Fears originally appeared on BloggingStocks on Fri, 20 Aug 2010 10:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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NovaGold (AMEX:NG), IAMGOLD (NYSE:IAG), Ivanhoe (NYSE:IVN) Down As Gold Prices Fall

NovaGold Resources (AMEX:NG), IAMGOLD Corporation (NYSE:IAG) and Ivanhoe Mines Ltd. (NYSE:IVN) all fell Monday, as gold tested the $1,180 an ounce mark, ending at $1,183.10 an ounce on the Comex division of the New York Mercantile Exchange. With most economics seeming to be going against gold’s grain, the relatively slow decline in price reveals the uncertainty of the market, and even though

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Iamgold (NYSE:IAG), Goldcorp (NYSE:GG), AngloGold (NYSE:AU) Up on Weak Economy

As we gradually sift through the economic data and news, confirmation we are far from any type of recovery continues to emerge, as the latest data in new housing starts confirm once government props are removed it falls apart. Gold companies like Iamgold (NYSE:IAG), Goldcorp (NYSE:GG) and AngloGold Ashanti (NYSE:AU) will continually be the beneficiaries of the weak economy, as gold prices resume

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Freeport (NYSE:FCX) Earnings Report Should Reveal Economic Conditions

Although many were looking for Alcoa (NYSE:AA) to give some guidance as to economic conditions, Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) will probably be a more accurate measure, although combined with Alcoa’s numbers, could give a snapshot of where the economy really is at, against the numerous assertions and conflicting reports out there. Tomorrow morning Freeport gives its earnings

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Liberty Media’s John Malone Clueless on Gold

Liberty Media Corp.’s Chairman John Malone was talking about his investment strategy recently, and said the strange statement concerning gold and why he wasn’t investing in it. Malone said this, “I’m not a gold bug. There’s just something about gold that seems artificial to me.” Both assertions show his ignorance. First of all, being a gold bug has absolutely nothing to do with investing in

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Gold Prices Today Finish Highest in Four Days

Even though the pressure was on for gold throughout the last week, gold prices today finished at their highest level in four days, and didn’t move much below or above the $1,200 an ounce mark.Gold futures for August delivery on the COMEX increased by $13.70 to end the week at $1,209.80 an ounce.So continued support at around $1,200 an ounce either way continues, and that’s a good sign going

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Gold Futures Crushed as Investors Go to Treasurys

Investors today, who have been extremely fickle lately, have chosen to go to Treasurys as a place of safety rather than gold, driving the price of gold today down by $34.70, or $1,207.70 an ounce, as of 1:03 PM EDT.Economic data has painted a ominous portrait of economic conditions, and it’s weighing strongly on investors. Uncertainty about inflationary or deflationary pressures also influences

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Gold Prices Soar to Record High Close

Gold prices reached a record high close on Thursday, as continuing negative economic data show we are far from being out of the recession, even if people want to soon call it a double-dip recession, as if there was ever a recovery any of us have experienced. Most of the economic data put forth as evidence of recovery has come from government gimmicks like “cash for clunkers” and tax rebates, as

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Gold Explodes Again on Weak Economic News

The attempt to paint a rosy economic picture is being ignored or not believed by investors, and gold prices are again exploding upward as it’s considered the safest place to put your money in these difficult times. At just before 1:30 PM EDT, spot gold prices were at $1,247 an ounce, a gain of $16.50 for the day. People are starting to see that every time new, negative or weak economic data

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