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Investors know what's working and what's not. Jim Cramer says these stocks could power higher through the end of the year.

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The metal may continue to rise, but 'it's not going to last forever,' the billionaire investor says.

By TheStreet Staff Sep 15, 2010 12:29PM

thestreetBy Glenn Hall, TheStreet

 

Record gold prices may soon reverse and disappoint bullish investors, said George Soros, the billionaire investor and legendary currency speculator.

 

"Gold is the ultimate bubble," Soros said at an event in New York sponsored by Reuters. "It is certainly not safe."

 

Soros expects a repeat of the historical pattern of bull runs in assets like gold ultimately hitting records and then suddenly reversing. Gold is currently the only bull market, Soros said, adding that it may continue to rise but "it's not going to last forever." He said it will be interesting to see if gold declines in the coming weeks.

 

Agnico-Eagle is a high-quality stock that's well off its high -- unlike the metal it mines -- with plenty of gold in stable regions of the world.

By Jim Cramer Sep 15, 2010 8:23AM

jim cramer of thestreet.comBy Jim Cramer, TheStreet

 

Gold did exactly what it is supposed to Tuesday. In fact, it should have done it Monday. As soon as we saw the numbers out of China showing a more robust economy, it was a natural that gold would spike. The locus of the gold demand remains China, and as long as the consumer is healthy there -- something confirmed, by the way, in the great Best Buy (BBY) conference call -- gold has to be held.

 

I feel compelled to recommend Agnico-Eagle Mines (AEM), because the stock is still well off its high --$67 vs. $74 -- even as it has invested fortunes in readying new mines to take advantage of gold's price increase.

 

Agnico's Sean Boyd is the most bullish CEO I know in the gold group. He is using $2,000 as a reasonable target for gold over the next couple of years, and I think he is right.

 

Can Spain come up with a budget plan that assures investors as well as the euro zone?

By Jim J. Jubak Sep 14, 2010 7:32PM

Jim JubakThere are more worries for the euro -- this time, from Spanish politics. 


Prime Minister Jose Luis Rodriguez Zapatero has set a Sept. 30 deadline for announcing his government's budget plan. Investors want to see a combination of taxes and spending that reduces Spain's budget deficit, the euro zone's third largest.


But they're skeptical that Zapatero can deliver: Since July 27, the spread between the benchmark 10-year German bund and the Spanish 10-year bond has widened by 0.3 percentage points to 1.79 percentage points. The spread's historic high since the introduction of the euro came on June 16 at 2.21 percentage points.

 

Under fire for its menu change, the coffee giant decides to restore the option for drivers.

By Kim Peterson Sep 14, 2010 2:59PM

Credit: (© Michael Conroy/AP)
Caption: Customer in a Starbucks storeStarbucks (SBUX) has drawn fire this month for deciding to remove the 12-ounce "tall" size from its drive-through menus. Sure, you could still order a "tall" (just as you can order a "short"), but the company wasn't going to advertise that fact to drivers.

But that's going to change. Starbucks appears to have reversed that decision, giving "tall" a reprieve.

"It never left, but based on feedback, we're updating our new drive-thru menus to remind you that the Tall size is always available," the company said on its corporate Twitter account.

 

After getting burned by an extreme drop in oil prices, airlines are returning warily to hedging.

By Kim Peterson Sep 14, 2010 2:21PM
Air travel © Christie & Cole/Corbis Fuel hedging was a lifesaver for many airlines as prices went sky-high in 2008. Smart hedging added $1 billion to Southwest Airlines' (LUV) bottom line that year.

But airlines were burned badly when oil prices collapsed, having locked in fuel purchases at what turned out to be high levels. Southwest lost some $400 million. US Airways (LCC) was in the hole for nearly that much.

Many airlines stopped hedging and are only now starting to return. US Airways hasn't hedged in two years and isn't going to start anytime soon, an executive said at a recent industry forum. 

They think the market is unfair, survey finds, and they're moving into bonds.

By Kim Peterson Sep 14, 2010 1:49PM
Find hot stocks © Digital Vision / Getty ImagesTrading individual stocks has been a fool's errand this year. The roller-coaster market is so tough that even professional traders admit defeat.

So it's no surprise that mainstream investors have ditched stocks as well. A recent investor poll by The Associated Press and CNBC found that 61% are less confident about buying and selling stocks. And 55% said the market is unfair.

"The survey confirms that average investors have been growing more concerned about the stock market as a safe place to invest for retirement," the AP writes. Investors have responded by putting more money into bonds

Google remains the 800-pound gorilla, but a recent Microsoft partnership could change that.

By InvestorPlace Sep 14, 2010 1:05PM

If you were one of the naysayers who thought Microsoft (MSFT) was nuts with its 2009 launch of Bing, prepare to eat crow. The latest numbers show that Bing is now the No. 2 search engine in the U.S., knocking Yahoo (YHOO) from its perch.


The steady march upward for the Microsoft model shows that Google (GOOG) may not be quite as invulnerable as previously thought. A profitable partnership Bing recently forged could help the Microsoft engine really go head to head with the biggest name in search. (Microsoft owns and publishes MSN Money.)

 

Despised like the banks were a few weeks ago, tarnished tech has been sold off and downgraded relentlessly. But it may finally be too late to sell.

By Jim Cramer Sep 14, 2010 8:49AM

jim cramerBy Jim Cramer, TheStreet

 

Does the seemingly endless sell-off in tech stocks make sense, the selling that I believe will resurface again after Monday's Nasdaq ($COMPX) snap-back? Is the liquidation rational given that worldwide growth seems to be coming back, according to China, India, Brazil and now the EU?

 

I want to differentiate two things here. First, yes, it made sense earlier this summer. I know I was too bullish on the group. I didn't see the zero-sum possibilities of Apple (AAPL), believing that other stocks would be able to rally even if Apple went higher. I thought that the mobile Internet tsunami and cloud computing could lift more boats than it did, particularly semiconductor boats, but it turned out that almost all were leaky. I was less concerned with seasonality than I should have been. The group performed much more horribly this summer than I anticipated, in part because I think it was far more over-owned than I thought.

 

The retailer is rolling out the Family Mobile service next week at stores nationwide.

By Kim Peterson Sep 13, 2010 3:26PM

Woman on cell phone  © CorbisUnlimited calls and texting for $45 a month? That's the cell phone plan Wal-Mart (WMT) plans to roll out next week.

The store is unveiling the first cell phone plan under its own name, according to The Associated Press. And it's a pretty good deal, too -- one that could drop prices at other carriers.

Wal-Mart is calling it the Wal-Mart Family Mobile service. It will run on T-Mobile USA's network. T-Mobile is a division of Deutsche Telekom(DT).

Here are the details of the plan:

 

The shock jock hints that he may leave after his contract expires. How would his departure affect the company?

By InvestorPlace Sep 13, 2010 2:15PM

Credit: (© Evan Agostini/AP)
Caption: Howare SternWho knew that porn stars, drunken dwarfs and fart jokes were so valuable?


The radio star largely responsible for Sirius XM's (SIRI) success -- Howard Stern -- may be poised to leave the satellite radio provider, and investors and analysts wonder whether the company is doomed without him.

 

Stern, 56, hinted last week that he may leave satellite radio when his five-year, $500 million contract expires in 2011, saying he may start a Web-only program or offer one through a mobile application.

 

One company has developed a new seat with less room and says airlines are considering it.

By Kim Peterson Sep 13, 2010 1:45PM
Air travel © Christie & Cole/Corbis OK, so some people aren't thrilled with the idea of a stand-up airline seat. How about a saddle seat that threatens injury to your private parts?

That's what one Italian company has come up with, CNBC reports. It's developed what it calls the SkyRider, a seat with a 23-inch pitch or less.

A 23-inch pitch means there's 23 inches of passenger space between the seats. That's at least 8 inches less than what you normally get in economy class, writes Jane Wells.

But that's not the worst part. 

Contrary to what you'll see in the news, the economic recovery abroad is heating up.

By Jim Cramer Sep 13, 2010 10:20AM

jim cramer Maybe there's just no hope to the disinformation campaign against investors.

 

While working out this week, I saw a headline that the European Union is basically "doubling" its growth projections, with the economy putting on a big move after the doldrums of the past few months.

 

That came right on the heels of China's reporting 13% growth -- that's right, 13% growth -- and I am marveling at all the people who said China was finished, as we saw from the Baltic Freight (which became the Baltic Fright) and the tepid oil futures. Plus, hadn't copper just peaked?

 

Fear and turbulence have abounded in the market in recent months. Some top strategists say the way to combat them is to stay disciplined.

By John Reese Sep 10, 2010 7:04PM

While investor sentiment shifted this week amid some better-than-expected economic reports, a number of fears continue to lurk beneath the surface -- fears that have pushed investors out of stocks and into bonds at a rapid rate in recent months. From the week ending Aug. 4 through the week ending Sept. 1, investors yanked a total of more than $20 billion out of equity mutual funds, according to the Investment Company Institute. At the same time, they were pouring more than $35 billion into bond funds.

 

What to do during such turbulent, emotional times? A couple of the top strategists I keep an eye on have recently pointed to the same thing as one of the keys: staying disciplined.

One of those gurus is Liz Ann Sonders, Charles Schwab's chief investment strategist. Sonders (who was one of the few to correctly call the start of the 2007-09 recession, and appears to have been very close to the mark in calling its end) recently stressed the importance of rebalancing one's portfolio -- both within and between different asset classes. "Many investors have probably skewed their portfolios too far away from stocks and toward bonds," she wrote in her latest market commentary. Her advice: Use "a plan that takes advantage of volatility and includes rebalancing and reallocating gains to areas of your portfolio that are underexposed."

 

 

Not great but starting to get some support

By Jim Van Meerten Sep 10, 2010 5:40PM
The week seemed OK, not great but OK. We will use our 3 yardsticks because no single yardstick shows us what we need to know. All the data comes from Barchart. Let's see what happened.

Value Line Index -- Contains 1700 stocks so its more representative of the market than the S&P 500 or very narrow Dow 30 -- Down slightly for the week
  • Down by .51% for the week
  • 40% short term Barchart buy signal
  • Closed on Friday at 2376 slightly above its 50 day moving average of 2330
  • 14 day Relative Strength Index is 56.14% and rising

Barchart Market Momentum -- Contains 6000 stocks -- Percentage of stocks closing above their daily moving averages for various periods -- Market seems to be trending higher

 

Goldcorp is bidding an awful lot for Andean Resources. Is this a smart move?

By Jim J. Jubak Sep 10, 2010 5:29PM

Jim JubakWhat you think of Goldcorp’s (GG) $3.4 billion bid for Andean Resources will depend on how impressed you are with Goldcorp’s track record valuing potential acquisition candidates.


There’s no doubt that Andean Resources’ (ANDPF) Cerro Negro project in Argentina is an attractive gold asset. The project isn’t scheduled to go into production until late 2012, but indicated reserves now come to 2.1 million ounces of gold and 20.6 million ounces of silver. 


Production costs project out as relatively low, a key criterion for any Goldcorp acquisition, at $60 an ounce after silver revenue. Capital spending to get the mine up to production targets is a reasonable $275 million to $300 million, according to Goldcorp.

 
Tags: gold

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[BRIEFING.COM] The headlines generally favored Tuesday being another good day for the stock market.  Instead, it was just a mixed day with modest point changes on either side of the unchanged mark for the major indices.

For the most part, the stock market was a sideshow.  The main trading events were seen in the commodity and Treasury markets, both of which saw some decent-sized losses within their respective complex.

Dollar strength was at the heart of the weakness in ... More


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