Friday, July 1, 2011

Rogers: Buy Silver On Dips

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Today's headlines:


U.S. Solar Growing Despite Shaky Economy
Even during times of economic uncertainty, the U.S. solar market continues to grow rapidly, outpacing the overall economy.

Inflation, Bonds, and Investments: What To Expect for QE3
Global inflation analyst from BlackRock, Martin Hegarty is optimistic...

Jim Rogers: Buy Silver On Dips
Jim Rogers discusses how silver is still the hottest commodity and will be for the rest of the decade, especially once the price drops.

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3 Growth Stocks For 2nd Half
Oliver Pursche discusses three bullish stocks for the second half.

Social-Media Game Leader, Zynga, Files IPO
The largest social-gaming company, Zynga, recently filed for their IPO and some look to value the creators of Farmville and Facebook app games to $20 billion.

Why Are Gold Stocks Underperforming Gold?
The price of gold has rallied over in the past twelve months. But despite a solid increase, gold stocks have had difficulty keeping up...

July 1 - Long Weekend

Stocks had a strong day worldwide, led by US markets. The S&P closed up 1.44%. All three major US indexes moved up in unison on a slow, steady ramp.

It was kind of remarkable considering this was the first day of trading post-QE2.

Silver fell 2.6%, as we feared it might yesterday. A possibly noteworthy break the trend of stocks up = metals up. With the dollar up only slightly, the move seemed exaggerated. I'm waiting to see if the trend holds, and waiting for a buying opp.

Occasionally, long weekends such as this bring bad news after the markets close. Not every one. Just sometimes. NY traders and money managers are at the shore, almost nobody paying attention.

Companies are known to dump bad news on days like this (around 8-9pm eastern, after extended-hours trading is over). If you're curious, check Drudge or Bloomberg later this evening.

To our American readers: have a great Fourth of July weekend!

Regards,

Adam Sharp
Editor, Wealth Wire




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