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Goldman jitters and the pledge of China’s central bank to immediately implement new lending rules to curtail property speculation have resulted in the Chinese Shanghai Composite Index plunging by a massive 4.8% this morning. The Chinese stock market was the first to turn the corner after the credit crisis sell-off – a full five months before the majority of indices bottomed in March 2009 – and is being watched closely to ascertain whether this market would be the first to spell danger for global stocks, i.e. the proverbial canary in the coalmine. [...] More on this topic (What's this?) China: Big Changes Coming Soon (Money Morning, 1/10/12) Why China's "Blindside" Could Be A Great Buying Opportunity (Money Morning, 1/6/12) What China is Buying Now (Wealth Daily, 1/12/12)
“Gold fell the most in two months as the SEC’s action against Goldman Sachs (GS) spurred investors rushing out of riskier commodities and into perceived safer assets such as the U.S. dollar. Nevertheless, the record government debt levels and monetary printing machines will most certainly heighten investor’s inflation concerns and push gold prices much higher over the long term,” argues Dian Chu in this guest contribution. [...] More on this topic (What's this?) Why the Gold Slump is Not Over (Investment U, 1/9/12) Gold & Silver Banker-Cartel Prolonged Price Suppression Has Set the Foundation for an Explosive M... (the Underground Investor, 1/17/12) Gold Prices 2012 Forecast: How to Make Double the Gold Profits in the New Year (Money Morning, 12/30/11)
Most benchmark indices closed on Friday with so-called key reversals on high volumes, indicating that a pullback or consolidation of the recent gains has probably started. Read on … [...] More on this topic (What's this?) Goldman Sachs Group Inc. (NYSE: GS) Earnings: How the Mighty Have Fallen… (Money Morning, 1/17/12) S&P 500 Chart – The Art of Technical Analysis (My Trader's Journal, 1/22/12) S&P 500 Chart – Ascending Triangles (My Trader's Journal, 1/8/12)
The SEC on Friday charged Goldman Sachs with fraud related to subprime mortgages. The Goldman share price plunged nearly 13% on huge volume. Will this lead to a domino effect with other financial firms? [...] More on this topic (What's this?) Goldman Sachs Group Inc. (NYSE: GS) Earnings: How the Mighty Have Fallen… (Money Morning, 1/17/12) 3 Big Banks Report Earnings: What You Need To Know (Investment Underground » Page n..., 1/20/12) 5 Wall Street Banks Finally Slashing Bonuses (Investment Underground » Page n..., 1/11/12) | ||||||||||||||||||||||||||||||||||
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