BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Gold prices drop and take several gold stocks to new 52 week lows]]>http://www.bloggingstocks.com/2008/10/23/gold-prices-drop-and-take-several-gold-stocks-to-new-52-week-low/http://www.bloggingstocks.com/2008/10/23/gold-prices-drop-and-take-several-gold-stocks-to-new-52-week-low/http://www.bloggingstocks.com/2008/10/23/gold-prices-drop-and-take-several-gold-stocks-to-new-52-week-low/#commentsFiled under: , , , , , , , , , , , ,

Gold is trading down $19 today, and pulling several major gold stocks down to new 52 week lows in reaction to the drop in the precious metal.

If you follow gold prices, you know that the past month has not been kind on the commodity, with prices falling from above $900 an ounce a few weeks ago down to its current price of $716.30. Earlier in today's session we actually saw prices trading much lower, breaking through the psychological $700 barrier, and falling all the way down to $695.20 an ounce. This is the first time in 13 months that gold has been under $700, and marks a huge drop from the highs it set back on March 14, when it was at historic highs above $1000 an ounce.

Typically, you would think that recessionary times in America would lead to a rise in gold, but this time around things are a bit different. Not only is America in hard times, but countries all around the world are dealing with their own economic slowdowns, which in turn is pushing currencies around the world lower. As this happens, the dollar, despite the current state of the American economy, has been strengthening against its foreign counterparts. As we all know, gold trades inversely proportionate to the dollar, so any strength in the American currency will result in gold prices dropping, and that is part of what we are seeing right now.

Continue reading Gold prices drop and take several gold stocks to new 52 week lows

Gold prices drop and take several gold stocks to new 52 week lows originally appeared on BloggingStocks on Thu, 23 Oct 2008 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ABXAEMAgnico-Eagle MinesAgnico-eagleMinesAngloGold AshantiAnglogoldAshantiAUAUYBarrick GoldBarrickGoldfeaturedgoldgold pricesGoldPricesnew lowsNewLowsYamana GoldYamanaGoldThu, 23 Oct 2008 16:40:00 EST<![CDATA[Exxon Mobil (XOM) hits new 52-week low as oil continues to fall]]>http://www.bloggingstocks.com/2008/10/10/exxon-mobil-xom-hits-new-52-week-low-as-oil-continues-to-fall/http://www.bloggingstocks.com/2008/10/10/exxon-mobil-xom-hits-new-52-week-low-as-oil-continues-to-fall/http://www.bloggingstocks.com/2008/10/10/exxon-mobil-xom-hits-new-52-week-low-as-oil-continues-to-fall/#commentsFiled under: , , , , , , ,

Shares of Exxon Mobil (NYSE: XOM) fell to set another fresh 52-week low today, as oil continues to fall.

Shares of Exxon have traded down as low as $58.30 earlier in the session, and headed into the afternoon session, the stock has rebounded a bit, but is still trading down 8.7% to $62.20, down $5.80 on the day.

It's been a tough week for the stock, which is now down around 21% from its close last Friday.

As recession fears continue to spread, oil has been moving steadily lower, and once again today the precious crude is down, falling another $5.82 a barrel to $80.77, and was under the psychological $80 earlier in the day, trading all the way to $78.61 earlier in the session.

Continue reading Exxon Mobil (XOM) hits new 52-week low as oil continues to fall

Exxon Mobil (XOM) hits new 52-week low as oil continues to fall originally appeared on BloggingStocks on Fri, 10 Oct 2008 13:38:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>52 week lows52WeekLowsExxonExxon MobilExxonMobilinthenewsnew lowsNewLowsoiloil pricesOilPricesFri, 10 Oct 2008 13:38:00 EST<![CDATA[Netflix down: Outage follows drop in subscribers]]>http://www.bloggingstocks.com/2007/07/24/netflix-down-outage-follows-drop-in-subscribers/http://www.bloggingstocks.com/2007/07/24/netflix-down-outage-follows-drop-in-subscribers/http://www.bloggingstocks.com/2007/07/24/netflix-down-outage-follows-drop-in-subscribers/#commentsFiled under: , , ,

After losing more than 12% on Monday, Netflix (NASDAQ: NFLX) shares are down an additional 6% today, dropping to a new two-year low. Yesterday's plunge came as the company announced plans to reduce two of its monthly subscription plans by a dollar, dropping the most-popular $17.99 plan to $16.99 per month and reducing the single-disc $9.99 plan to $8.99. Good news for Netflix users, but potentially bad news for shareholders, as the move - at least initially - means a smaller bottom line.

Last night after the closing bell, the company reported second-quarter income of $26.6 million, or 37 cents per share, a 50% increase from the previous year. Revenue improved by 27% to $303.7 million. Excluding items, NFLX would have banked 31 cents per share, easily topping analysts' expectations of 23 cents. But for the first time in the company's eight-year history, the total number of subscribers dropped. At the second quarter's conclusion, Netflix had 6.74 million subscribers, a net loss of 55,000 in the three-month reporting period. The equity was quickly trading lower in after-hours activity.

Then today, Netflix subscribers (such as myself) awoke to find our beloved site offline. The company's home page -- an intuitive work of website engineering that allows users to rate recent returns, rearrange queues, and share reviews with fellow subscribers -- crashed at some point Monday evening and is, as of 2:15 p.m. Eastern time, still unavailable.


Continue reading Netflix down: Outage follows drop in subscribers

Netflix down: Outage follows drop in subscribers originally appeared on BloggingStocks on Tue, 24 Jul 2007 15:10:00 EST. Please see our terms for use of feeds.

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