This just in. Precious metals (GLD +2.2%), (SLV +2.6%) are sharply higher on the session after a panicky Sunday evening plunge brought both to multi-year lows. Other than dollar weakness (UUP -0.5%) across the board, there's no news in particular - perhaps some satiated bears decided to cover and a trend took hold. [View news story]
Pretty close to a bottom for silver and gold. I'm long in both (miners) and going to be patient until the inevitable sharp reverse occurs. So much demand for the physical stuff it just has to filter down and with disproportional results for (the right) miners.
UniPixel (UNXL +4.8%) announces the receipt of a $5M milestone payment related to its deal with an unnamed "major touchscreen ecosystem partner;" the payment will be recognized as deferred revenue in Q2. The company adds the installation of equipment for touchscreen film printing lines at its new Kodak facility will start this quarter, and equipment for 6 plating lines will arrive at its Kodak and Lufkin, TX facilities in June/July. Shares are recouping a portion of Friday's huge losses. [View news story]
The drop was a shock. Needs strong nerves helped by a conviction that Unipixel will do just great as I originally determined.
A massive wave of Asian buying of precious metals is emptying dealer shelves across the region. "I haven't seen this (kind of) gold rush for over 20 years," says the head of the HK Gold & Silver Exchange, adding that old-timers haven't seen anything like this for 50 years. GLD +2%, SLV +1.4%. [View news story]
I am no expert but pure common sense tells me that the rush and acute shortage of silver coins alone must speak volumes. I am patiently waiting.
If it's a fat finger, it's not immediately being lifted. So far, gold hasn't bounced a dime from a quick $20 sell-off an hour ago. Chatter says the move was due to a contract rollover that accidentally became an outright sell. Silver has moved in concert, SLV -2.1% premarket. Oil and copper, both lower by more than 1%, complete the picture for key commodities. [View news story]
My guess is its manipulation, so that the big boys can get in at the best price at the gold, silver coming bullmarket.
This just in. Precious metals (GLD +2.2%), (SLV +2.6%) are sharply higher on the session after a panicky Sunday evening plunge brought both to multi-year lows. Other than dollar weakness (UUP -0.5%) across the board, there's no news in particular - perhaps some satiated bears decided to cover and a trend took hold. [View news story]
UniPixel (UNXL +4.8%) announces the receipt of a $5M milestone payment related to its deal with an unnamed "major touchscreen ecosystem partner;" the payment will be recognized as deferred revenue in Q2. The company adds the installation of equipment for touchscreen film printing lines at its new Kodak facility will start this quarter, and equipment for 6 plating lines will arrive at its Kodak and Lufkin, TX facilities in June/July. Shares are recouping a portion of Friday's huge losses. [View news story]
A massive wave of Asian buying of precious metals is emptying dealer shelves across the region. "I haven't seen this (kind of) gold rush for over 20 years," says the head of the HK Gold & Silver Exchange, adding that old-timers haven't seen anything like this for 50 years. GLD +2%, SLV +1.4%. [View news story]
Finding Stocks Whose Time Has Come [View article]
Uni-Pixel - Stock Blooms With The First Of Many Deals To Come [View article]
If it's a fat finger, it's not immediately being lifted. So far, gold hasn't bounced a dime from a quick $20 sell-off an hour ago. Chatter says the move was due to a contract rollover that accidentally became an outright sell. Silver has moved in concert, SLV -2.1% premarket. Oil and copper, both lower by more than 1%, complete the picture for key commodities. [View news story]