Apple is going to make all their products in Gold hence gold price is up, however miners are not ready so ...just kidding.
Why there's nothing to fear in the 'Fear Index'
The VIX just failed to break its 200-day moving average near 17.50 and that could be significant. “A weekly close above that level would suggest that equities have nothing further to go on the downside and volatility further to go on the upside,” he said.
(GDX only covers Gold mining stocks).
Gold Miners. Miners ETF GDX is down 60% in just 24 months. Ouch!!!
Over the past 90 days, GDX is down 20%, even after yesterday’s 7% rally.
Much of this decline could have to do with the U.S. Dollar having the 6th strongest 90 day rally in the past 34 years. This rally has pushed the Dollar up against multi-year resistance as 87% of investors are now bullish the US$ as Josh Brown of The Reformed Broker shares.
It appears that the XAU index is creating a bullish wick at monthly support, as monthly momentum is reaching deeply oversold levels and is making a small turn up as a base is attempting to be made.
Is a “Generational Low” in the miners taking place right now GDX is at the lows of the year
If this management is in deep sleep then we have problem but may be busy in prep for launch then green days are ahead.
Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL) hit a new 52-week high of $33.00 in the current trading session after Endo International Plc said that it is acquiring Auxilium in a transaction valued at $1.67 billion. Endo will pay $33.25 per share to Auxilium.
The WGC reported central bank net purchases of 117.8 tons in 2Q14. This is the 14th consecutive quarter of net buying from central banks. This is 28% higher than 2Q13. Throughout the world, economic and geopolitical events are sources of ongoing instability and uncertainty. These events are the main reasons why central banks to go for gold holdings. Gold holdings help diversify assets from traditional reserves—like U.S. debt.
Central banks in emerging markets—like Russia, Kazakhstan, and Tajikistan were the most significant in the last quarter. Other countries—like South Korea, Sri Lanka, and China—are also stocking up on gold. They want to diversify from the traditional assets.
Official sector gold purchasing supports gold prices. This is positive for gold and gold-backed exchange-traded funds (or ETFs) like the SPDR Gold Shares (GLD). It’s also positive for gold stocks like the Goldcorp Inc. (GG), Barrick Gold Corp. (ABX), Newmont Mining Corporation (NEM), Kinross (or KGC), Yamana Gold (or AUY), and ETFs that invest in these stocks like the Gold Miners Index (GDX).
Emergent BioSolutions intends to complete these operations by Dec 31, 2014. These changes will not alter the company's guidance for 2014. As a result of these moves, the company projects annual savings in the band of $7 million to $9 million from 2015 onwards due to increased efficiencies. Furthermore, a lower headcount will contribute to the company's savings.
Emergent BioSolutions carries a Zacks Rank #1 (Strong Buy). Equally well-ranked stocks in the health care sector include Medivation ( MDVN ), VIVUS ( VVUS ) and PDL BioPharma ( PDLI ).
North American markets switched course to turn sharply higher Wednesday afternoon after minutes of the Federal Reserve's latest policy meeting showed that the Fed is reluctant to raise interest rates any time soon.