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Invest in Oil to Hedge Long Stock Positions

The best hedge for long stock positions right now is a long position in crude oil. While far from perfect, the best way for stock traders to gain this exposure is probably through the United States Oil Fund ETF (USO).

It is hard to underestimate just how explosive this situation could become in the coming weeks and months. NYMEX crude oil is currently trading just below $100 and Brent crude is sitting at $115.35. If the latest spike in oil prices teaches us anything, it is that this commodity is incredibly volatile and little can be done about sharp price increases resulting from geopolitical shocks.

Continue reading Invest in Oil to Hedge Long Stock Positions

Closing Bell: When Markets Hold Up Better Than Expected (AAPL, GRMN, RIG, UAL, USO, GLD)

If you would have known that $100 oil was coming just two days ago due to major geopolitical strife in Libya and elsewhere in North Africa and the Middle East, the thought might be that the bull market would be a sudden bear market. So far that is not the case and the market was not even down a full percentage point today.

Here were today's unofficial closing bells:

Dow Jones 12,105.78 -107.01 (-0.88%)
S&P 500 1,307.40 -8.04 (-0.61%)
Nasdaq 2,722.99 -33.43 (-1.21%)

Continue reading Closing Bell: When Markets Hold Up Better Than Expected (AAPL, GRMN, RIG, UAL, USO, GLD)

Closing Bell: The Libya Effect (WMT, XOM, SIRI, GMCR, USO, GLD, EWI)

Today was all about international turmoil, hands down. Unrest is becoming civil war in Libya and turmoil in North Africa continues to rock headlines. Housing prices also showed yet another drop, something to be expected. This was the worst day in the markets in quite some time. Oil rallied sharply and gold rose on the panic trade.

Here were today's closing bell levels:

Dow Jones 12,207.15 -184.10 (-1.49%)
S&P 500 1,315.44 -27.57 (-2.05%)
Nasdaq 2,756.42 -77.53 (-2.74%)

Top analyst upgrades/downgrades

Continue reading Closing Bell: The Libya Effect (WMT, XOM, SIRI, GMCR, USO, GLD, EWI)

Options Update: Gold Rises as Middle East Violence Spreads

SPDR Gold Trust (GLD) closed at $135.41. Middle East violence has resulted in gold rising above $1,407 an ounce. GLD overall option implied volatility of 17 is below its 26-week average of 20, according to Track Data, suggesting decreasing price movement.

Financial Select Sector (XLF) overall volatility at 22; 26-week average is 24.

ISE Sentiment Index-ISEE closed at 114; 10-day moving average is 132.

Options Update is by Stock Specialist Paul Foster of theflyonthewall.com.

The Aden Sisters on Gold: 'Stay with the Mega-Trend'

gold bars"Gold rises with inflation and in times of crisis, like we have today; and, as a result, many countries are buying gold," says Mary Anne and Pamela Aden.

The long-standing resource sector expert and co-editors of The Aden Forecast explain, "They know it's the ultimate currency and gold is again taking its place in the global monetary system, as it has for thousands of years.

"The actions of the world's central banks tell the story. At the very least, this is going to keep upward pressure on gold in the years ahead.

Continue reading The Aden Sisters on Gold: 'Stay with the Mega-Trend'

Closing Bell: Lack of Catalysts (WMT, GENZ, SNY, LLNW, DELL, GLD, NYX)

Republicans are seeking an extra $61 billion in budget cuts. Auto sales were seen as having another great year. Homebuilders remain pessimistic and talk of food inflation keeps going on. Even the huge sells from Warren Buffett in his newest holdings failed to inspire.

Here were today's unofficial closing bell levels:

Dow Jones 12,226.64 -41.55 (-0.34%)
S&P 500 1,328.02 -4.30 (-0.32%)
Nasdaq 2,804.35 -12.83 (-0.46%)

Continue reading Closing Bell: Lack of Catalysts (WMT, GENZ, SNY, LLNW, DELL, GLD, NYX)

Investors Make a $102 Billion Bet on Gold

Last month was certainly tough for gold. In fact, it was the worst January in about 20 years.

But as usual, there were many investors who thought that this was the end of the bull run. Hasn't gold risen for ten straight years? Isn't it time for a bear market?

Well, the fact is that corrections are normal, even for gold. And there is no reason to believe that the recent fall-off is yet another example.

Continue reading Investors Make a $102 Billion Bet on Gold

Jim Rogers Is Still a Big-Time Commodities Bull

goldAfter a torrid year, the commodities markets showed some weakness is January. For example, gold fell by about 6%.

So is this a correction or finally a bear market?

Well, legendary investor, Jim Rogers, still thinks that commodities are the best place for your investment dollars (according to an interview on CNBC). No doubt, he has lots of credibility. When others snickered, Rogers started to invest in commodities in the late 1990s. He even wrote a book on the topic.

Continue reading Jim Rogers Is Still a Big-Time Commodities Bull

Closing Bell: Economic Confusion Rules (AMRN, USO, GLD, VRX, HAUP, MON, TGT)

Thursday was marked by mixed markets with technology stocks higher and the rest of the market mixed to lower. The dollar was up and both oil and gold were down. A lackluster jobless claims might have taken away some of the zing that the ADP and TrimTabs data showed for employment trends ahead of Friday's non-Farm Payrolls and unemployment rate due Friday morning. Still, many key names were on the move today.

Here are the unofficial closing bell levels:

Dow Jones 11,697.31 -25.58 (-0.22%)
S&P 500 1,273.85 -2.71 (-0.21%)
Nasdaq 2,709.89 +7.69 (0.28%)

Continue reading Closing Bell: Economic Confusion Rules (AMRN, USO, GLD, VRX, HAUP, MON, TGT)

Closing Bell: Mixed Second Day of 2011 (ATHR, QCOM, GM, GLD, WFMI, XOMA)

The FOMC Minutes gave a Bernanke justification, or attempted re-justification, for QE2 today. Shares tried to have a positive day yet again for the second trading day of the year but the tone was very mixed despite a higher DJIA close at a two-year high. Gold saw major selling, as did most other commodities. This was a positive day for the DJIA, but the S&P and NASDAQ looked weak at the close.

Here were the closing bell levels:

Dow Jones 11,691.18 +20.43 (0.18%)
S&P 500 1,270.20 -1.69 (-0.13%)
Nasdaq 2,681.25 -10.27 (-0.38%)

Continue reading Closing Bell: Mixed Second Day of 2011 (ATHR, QCOM, GM, GLD, WFMI, XOMA)

Options Update: CBOE Volatility Index-VIX Closes Up to End 2010

CBOE Volatility Index-VIX closes up 58 cents to $18.10. The 10-day moving average is $16.88; the 100-day moving average is $20.98.

SPDR Gold Trust (GLD) overall implied volatility at 20; 26-week average is 20.

NASDAQ 100 (QQQQ) overall implied volatility at 19; 26-week average is 22.

Semiconductor Holders Trust (SMH) overall volatility at 24; 26-week average is 26.

Russell 2000 (IWM) overall implied volatility at 24; 26-week average is 27.

Financial Select Sector (XLF) overall volatility at 26; 26-week average is 28.

Options Update is by Stock Specialist Paul Foster of theflyonthewall.com.

Top Picks 2011: SPDR Gold (GLD) and iShares Silver (SLV)

gold and silverThis post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.

"Gold and silver were top performers in 2010. In fact, they've been top performers over the past eight to 10 years. We believe this will continue in 2011," says resource expert Mary Anne and Pamela Aden.

The co-editors of The Aden Forecast explains, "As the year was drawing to a close, gold hit an all time record high and silver reached a 30 year high. It was super bullish action. And it's not over yet.

Continue reading Top Picks 2011: SPDR Gold (GLD) and iShares Silver (SLV)

Options Update: Volatilities at Low End of Range on Higher Trending Markets

SPDR Gold Trust (GLD) overall implied volatility at 20; 26-week average is 20.

NASDAQ 100 (QQQQ) overall implied volatility at 19; 26-week average is 22.

Semiconductor Holders Trust (SMH) overall volatility at 23; 26-week average is 26.

Russell 2000 (IWM) overall implied volatility at 24; 26-week average is 27.

Continue reading Options Update: Volatilities at Low End of Range on Higher Trending Markets

Closing Bell: Sideways Monday Goes Red (AAPL, BGP, BKS, CBRX, MCP, PFE, GLD, STP)

Ben Bernanke's explanation and defense, or lack thereof to many, about his version of QE2, managed to dominate many key themes today. Gold was hitting fresh highs and European woes were discounted again. We are seeing the risk trade come in full force, although many of the sectors were soft. Late-day selling in the DJIA and S&P500 made for a close in the red, but this was close to red and black for most of the afternoon session after a fairly weak open.

Here are today's unofficial closing bell levels:

Dow Jones 11,362.19 -19.90 (-0.17%)
S&P 500 1,223.12 -1.59 (-0.13%)
Nasdaq 2,594.92 +3.46 (0.13%)

Top Analyst Calls

Continue reading Closing Bell: Sideways Monday Goes Red (AAPL, BGP, BKS, CBRX, MCP, PFE, GLD, STP)

The World Gold Council Creates Its Own Gold Mine

Sometimes trouble and dissatisfaction propel us to move out of the box, to create something new and different. Such was the case of the World Gold Council. Founded in 1987 by a group of mining companies, its primary goal is to promote the use of gold.

For nearly 20 years the organization plodded along with little success. Then Chris Thompson, the group's chairman came up with the idea of creating a gold fund that would allow ordinary investors to buy into the gold market without either buying physical gold or gold futures. So in 2004, the Council created the SPDR Gold Shares Fund, as reported in the Financial Times.

Continue reading The World Gold Council Creates Its Own Gold Mine

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Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 01:09 AM

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