Hecla, Fortuna, BYD Company - Mixed Signals - Use Caution
Folks,
Here are three of my favorites. First, look over Hecla Mining, one of our star silver performers. We are getting mixed technical indications for HL. I would like to buy more of Hecla to replace that which has been sold. However, it seems that we will have better buying times soon. Of course, we could be surprised, too. Silver is stronger today and has clawed its way back to 17.96 pushing toward 18.
Below is another favorite silver miners, Fortuna. It, also, is showing mixed signals. I will be waiting for lower prices to add this one, too.
BYD Company is a great Chinese company into batteries and electric cars. It, too, is giving off mixed technical signals. I would like to buy more below $9, but it has bounced well off the 50 Day Moving Average, and is up more today. We will have to see where it goes from here.
Both silver and gold are rebounding today. They were hit so hard last week that it should be expected. We will see what develops during the current week.
From NewsWatch.com:
From OttawaCitizen.com:
By Katherine Laidlaw, National Post
The European Union has declared travelling a human right, and is launching a scheme to subsidize vacations with taxpayers' dollars for those too poor to afford their own trips.Antonio Tajani, the European Union commissioner for enterprise and industry, proposed a strategy that could cost European taxpayers hundreds of millions of euros a year, The Times of London reports. Read it HERE.
Can anything be more absurd? Where do these folks get their alcohol? It must be a lot stronger than what is available to us.
From SeekingAlpha.com:
U.S. Waning? Bloomberg's 50 Most Innovative Companies for 2010
The 50 Most Innovative Companies in the world for 2010 has been published by Bloomberg BusinessWeek in its latest issue. This year’s list is dominated by companies from Europe and Asia. Showing the rise of Asian emerging markets, for the first time 15 of the Top 50 are Asian and Greater China has as many companies in the list as Japan. The majority of the Top 50 are based outside of the U.S. Read it HERE.
Miners from Scottrade.com:
Currencies from Kitco.com:
Some prices: BYDDF 9.34; FVITF 2.47; TBT 47.70; Gold up 6.90 to 1142.10; Silver up 0.22 to 17.94; DOW off 0.361 to 11091.
I am hesitant to buy into this market. The volatility is running very high and there are many financial and political situations which need watching. The Greece finances, Goldman Sachs fiasco, Mid-East war, and potential Iran problem are on the horizon. There are also trade war threats against China and interest rate raises by Central Banks. Caution is the watchword today.
King Jesus is firmly in control and I am waiting to see what He does in the markets before I make more commitments.
Best to each, Doug
Here are three of my favorites. First, look over Hecla Mining, one of our star silver performers. We are getting mixed technical indications for HL. I would like to buy more of Hecla to replace that which has been sold. However, it seems that we will have better buying times soon. Of course, we could be surprised, too. Silver is stronger today and has clawed its way back to 17.96 pushing toward 18.
Below is another favorite silver miners, Fortuna. It, also, is showing mixed signals. I will be waiting for lower prices to add this one, too.
BYD Company is a great Chinese company into batteries and electric cars. It, too, is giving off mixed technical signals. I would like to buy more below $9, but it has bounced well off the 50 Day Moving Average, and is up more today. We will have to see where it goes from here.
Both silver and gold are rebounding today. They were hit so hard last week that it should be expected. We will see what develops during the current week.
From NewsWatch.com:
Goldman guts gold, but radical bugs calm (if cynical)
NEW YORK (MarketWatch) -- Gold's freaky Friday has a lot of commentators puzzled. But not the radical gold bugs -- my name for the "bug" subset who have long argued that the gold market is manipulated. Read it HERE.From OttawaCitizen.com:
Vacationing a human right, EU chief says
By Katherine Laidlaw, National Post
The European Union has declared travelling a human right, and is launching a scheme to subsidize vacations with taxpayers' dollars for those too poor to afford their own trips.Antonio Tajani, the European Union commissioner for enterprise and industry, proposed a strategy that could cost European taxpayers hundreds of millions of euros a year, The Times of London reports. Read it HERE.Can anything be more absurd? Where do these folks get their alcohol? It must be a lot stronger than what is available to us.
From SeekingAlpha.com:
U.S. Waning? Bloomberg's 50 Most Innovative Companies for 2010
The 50 Most Innovative Companies in the world for 2010 has been published by Bloomberg BusinessWeek in its latest issue. This year’s list is dominated by companies from Europe and Asia. Showing the rise of Asian emerging markets, for the first time 15 of the Top 50 are Asian and Greater China has as many companies in the list as Japan. The majority of the Top 50 are based outside of the U.S. Read it HERE.
Miners from Scottrade.com:
Currencies from Kitco.com:
Some prices: BYDDF 9.34; FVITF 2.47; TBT 47.70; Gold up 6.90 to 1142.10; Silver up 0.22 to 17.94; DOW off 0.361 to 11091.I am hesitant to buy into this market. The volatility is running very high and there are many financial and political situations which need watching. The Greece finances, Goldman Sachs fiasco, Mid-East war, and potential Iran problem are on the horizon. There are also trade war threats against China and interest rate raises by Central Banks. Caution is the watchword today.
King Jesus is firmly in control and I am waiting to see what He does in the markets before I make more commitments.
Best to each, Doug
posted by Doug @ 7:54 AM
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