We need to get a little more fair and balanced here on the iBC Financial News Network. It’s not all doom and gloom. The Gold and Silver bubbles are in the midst of popping, as well as Treasuries. Moreover, the Dow pressed higher for the second consecutive day, tossing BAC shorts into an immediate house of pain.
Comments »Dennis Gartman is Bearish on Gold and Silver
In a CNBC interview, “The Commodity King”, Dennis Gartman, said he “wishes he was short gold” and expects more downside in the short term. He called gold “the greatest bubble of our time” and suggested silver, “the poor mans gold” could drop to $30 short term.
Comments »Gold and Silver Stocks are Getting Crushed
No. Ticker % Change Industry
1 GBG -9.00 Gold
2 XG -8.79 Gold
3 JAG -8.25 Gold
4 MGH -7.81 Gold
5 RIC -7.71 Gold
6 GORO -7.53 Gold
7 SA -6.69 Gold
8 VGZ -6.38 Gold
9 TRX -5.84 Gold
10 UXG -5.72 Gold
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No. Ticker % Change Industry
1 GSM -10.71 Industrial Metals & Minerals
2 SVBL -7.14 Industrial Metals & Minerals
3 PZG -6.22 Industrial Metals & Minerals
4 IVN -5.73 Industrial Metals & Minerals
5 AXU -5.47 Industrial Metals & Minerals
6 ANO -5.38 Industrial Metals & Minerals
7 AUMN -5.25 Industrial Metals & Minerals
8 UEC -5.18 Industrial Metals & Minerals
9 MFN -4.68 Industrial Metals & Minerals
10 AAU -4.61 Industrial Metals & Minerals
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No. Ticker % Change Industry
1 EXK -6.98 Silver
2 SLW -5.62 Silver
3 AG -5.54 Silver
4 GPL -4.65 Silver
5 MVG -4.15 Silver
Today’s Winners/Losers
No. Ticker % Change
1 VRNM 30.25
2 LEE 24.19
3 PPHM 16.03
4 PRMW 15.44
5 GRO 13.16
6 AZPN 12.82
7 GGR 12.26
8 CHC 12.05
9 TIV 12.04
10 UCFC 11.34
11 MTG 11.24
12 EDS 10.69
13 HPOL 10.53
14 AVGO 9.33
15 SUTR 8.99
16 RTK 8.64
17 SWFT 8.50
18 MGM 8.43
19 DY 8.32
20 SIHI 8.20
21 BAC 7.86
22 AERG 7.69
23 KTCC 7.67
24 JADE 7.47
25 SATC 7.22
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No. Ticker % Change
1 PSUN -34.56
2 RNWK -30.82
3 IPHI -27.90
4 UTHR -18.15
5 TBUS -14.54
6 AEO -13.77
7 RCON -13.69
8 SHOR -13.26
9 GSM -10.71
10 AIP -10.50
11 VLTR -9.54
12 CADX -9.24
13 CAGC.PK -9.09
14 GBG -9.00
15 XG -8.79
16 DGLY -8.41
17 JAG -8.25
18 TELK -8.11
19 ACPW -7.91
20 ANTH -7.87
21 MGH -7.81
22 HGSI -7.77
23 RIC -7.71
24 SCEI -7.69
25 SANM -7.63
BHP Posts Record Profit
BHP announces net profit of $22.4 billion in past financial year, up 85.9 per cent
Comments »FLASH: Asia Sells Off; Dow Futures Off 100
Asia is down between 0.7-1% and US futures are decidedly lower, with Dow futures off by 100.
Comments »Jim Cramer’s Monologue 8/23/11
[youtube:http://www.youtube.com/watch?v=qtUV0h2JsOA&feature=player_profilepage 616 500]
Comments »PANIC: Earthquake Interrupts DSK Briefing (VIDEO)
[youtube:http://www.youtube.com/watch?v=zSDgtXEKx6E 616 500]
Comments »Moody’s Cuts Japan’s Rating to Aa3 from Aa2
Ratings agency Moody’s Investor Service said Wednesday that it has cut Japan’s rating to Aa3 from Aa2 with a stable outlook. The agency said it made the downgrade due to the country’s large budget deficits and a build-up in government debt since 2009. Full story
Comments »FLASH: MOTHER MARKET CUTS THE COCKS OFF OF SHORT SELLERS
Nasdaq closed up 100 or 4.3%.
Comments »Bull versus Bear, Regarding Today’s Tape
Talking head shrunken.
[youtube:http://www.youtube.com/watch?v=wbVi1UsNhJ8 616 500] Comments »White House Caught on Tape During Earthquake (video)
[youtube:http://www.youtube.com/watch?v=IQUTltcIHV4 616 500]
Comments »Flash: Gold and Silver Sell Off Intesifies
Gold is now off more than 3% and silver 5%.
Comments »Flash: Markets Back to the Highs, Despite Devastating Earthquake
Dow +215, even though NYC is in a state of sheer panic, having undergone the traumatic experience of 1.0 tremors.
Comments »Flash: East Coast Nuke Plants are Fine
Early reports indicate the nuclear power plants, including Indian Point, have not been destroyed by the devastating 5.9 magnitude earthquake.
As always, DEVELOPING…
Comments »Flash: Airports Shut Down Following Earthquake
Airports are being shut down for inspection in Philadelphia, Newark and NYC.
Comments »MAN UP NYC: Market Sells Off Following Virginia Earthquake
The market sold off a quick 50, following a baby tremor felt in NYC. Police departments and many office buildings are being evacuating. Absurd.
Flash: NYSE NOT Evacuating Following Baby Earthquake
Get to work.
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