Gold miners also catching our interest as employment and export data for US come in above expectations, and yet traders are still optimistic for QE3. These conditions should help to support gold prices, and a "risk-on" environment where managers are chasing performance and looking for higher-beta names favors GDXJ versus the traditional GDX (juniors typically have higher beta and a higher correlation to spot precious metal prices) Full commentary here...
Wynn popped this morning on a positive research note... But stock now giving back ground as Chinese equities are red. Tough to see WYNN advancing without support from China as the majority of growth expectations come from Macau. As Steve Wynn said last year: "We think of ourselves very deeply as a Chinese company..."
what do you know about this RTT stuff... I'm thinkin of waiting till gold is flat dead in volatility and putting a position in both directions.. its like slowing down in its swings big time..
Energy sectors (traditional fossil fuel along with alternatives like solar) attracting capital as econ reports give bulls just enough ammo to continue buying programs. FCG (nat gas producers) also grinding to a new 3-month high...
Serious divergence (SPY, DIA, EURUSD) via http://www.mercenarytrader.com/2012/08/serious-divergence-dow-sp-eurusd/