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[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]




Summer Trading Volume Nets Nasdaq Gains

Market Speculator (June 17th, 2008) Writes:
Volume was lighter across the board as many on Wall Street are taking vacations. Summer months, June through August tend be on the light side for volume. The Nasdaq showing once again it is the leader of this market. Big cap indexes like the S&P 500 and Dow Jones Industrials continue to lag behind the tech laden index. Price action on the Nasdaq continues to look higher as Tuesday’s trading day will be day #4 of our most recent attempted rally. What this market is showing us, it may be a bit difficult to pull off. However, lots of call buyers in GS for their earnings release which could spark a powerful rally. As the nations mid-section dries out Corn has put in, for the time being a short term top. Corn is heavily subsidized for its use in ethanol. It has been ...

Running In Place, Stocks Fail to Gain Any Ground

Market Speculator (June 11th, 2008) Writes:
Monday the NASDAQ undercut its most recent rally attempt’s lows reseting our confirmation rally. Tuesday’s action failed to re-ignite a new rally attempt. Volume was on the light side as NASDAQ volume fell roughly 2% while on the NYSE we saw higher volume. This market continues its “no man’s land” path. Overall, this market does appear to be a bit oversold at the moment and good news is that we haven’t been able to accelerate to the downside. However, upside seems a bit LAME! Until a clear direction in this market is set, its best to step aside and let others waste their time. Times like these the greats would be having a vacation. The lack of interest from large institutional players leads to lackluster markets like we have here. So many stocks are breaking out and failing that it leads me to ...

MARKET COMMENT June 3, 2008 Today markets fretted about Lehman Bros.

David Fry (June 3rd, 2008) Writes:

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Today markets fretted about Lehman Bros. and pondered the messages from Bernanke and impending congressional hearings regarding commodity market “speculation”. The dollar rallied from Bernanke’s comments and commodity markets were pressured by it and potential congressional action.

Volume picked up substantially from the malaise of the past few weeks and breadth was negative particularly on NASDAQ volume. [Yahoo/Finance has an obvious glitch in adding columns.]


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