This week Max Keiser and co-host Stacy Herbert look at the political theater of America’s AAA rating in a land where gold is not money and shoplifting is a sign of a strong economy. In the second half of the show, Max talks to Amir Taaki, founder of BitcoinConsultancy, about the peer-to-peer currency, Bitcoin, and its recent trials and tribulations.
Posted: 19 Jul 2011 11:22 AM PDT
After firming for a few days, the Technology ETF (XLK) gapped higher on Wednesday with an open above 26. This is a big gap that is bullish as long as it holds. In the indicator window, the Price Relative turned up as XLK starts to outperform the S&P 500 ETF (SPY).
Here is a look at GLD today. IT is still showing a good uptrend with a pull back that has a bit more selling volume than I would like to see. But that said, it is an orderly pull back from all-time highs and profit taking is inevitable. It could retrace back to the 61 Fibonacci level, but I would not think it will retrace to 76 Fib level. On the lower indicators, On Balance Volume is great but Money Stream is a little weak. Let’s see what happens by Friday…
If silver gets to 44 you may want to take profits there. No chart on silver will put up two more charts tomorrow!
India plans to expand its nuclear power generation capacity from 4.7 gigawatts (GW) now to 7.3 GW by the end of March 2012 and 20 GW by 2020.
To make this possible, the country has signed a landmark nuclear power deal with the United States and opened up its estimated $150 billion nuclear power market to private reactor builders such as GE [GE 18.29 -0.12 (-0.65%) ] and Areva.
ME: Nuclear isn't going out of style anytime soon! It is here to stay...be a contrarian or be a loser as Rick rule says! Or as dines says, what are we going to do, shiver in the dark?