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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Gold Climbs Back After Weak Jobs Report (Update 1)

Category : Business, Stocks

Updated from 11:06 a.m. EDT with settlement prices

NEW YORK (TheStreet) — Gold prices traded higher Monday as investors continued to let the dust settle from Friday’s labor report.

Gold for August delivery settled up $10.20 at $1,589.10 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,590 and as low as $1,576 an ounce, while the spot price was up $9.70, according to Kitco’s gold index. …

Click to view a price quote on ABX.

Click to research the Metals & Mining industry.

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Don’t Walk, Run Away From Gold, Silver

Category : Business

NEW YORK (TheStreet) — Want to know a guaranteed way to win in a casino? Walk up to a roulette table and bet $10 on red. If you lose, bet $20, and if you lose again bet $40, and then $80, $160, $320, $640, $1280 . . . . This betting strategy is known as a Martingale betting system and unfortunately we see people use variations of a Martingale system all too often when investing.

Adding to losing positions to “average down” almost always comes too close to a Martingale to avoid the eventual loss that will happen sooner or later. The real evil with an averaging down method for most people is it gives a false sense of success from the many “wins” this system normally generates. People buy homeowners insurance for the same reason: It’s the big loss that destroys years’ of wealth building.

A Martingale system may work well in theory, but it doesn’t work well in practice. Averaging down in gold during a bear market is the wrong approach under current conditions. …

Click to view a price quote on GDX.

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Gold Gains From Safe-Haven Status Before Greek Elections (Update1)

Category : Stocks

(Updated from 12:48 p.m. with settle prices.)

NEW YORK (TheStreet) — Gold prices climbed Friday as investors looked to the precious metal as a safe haven ahead of Greece’s unpredictable elections.

Gold for August delivery settled up $8.50 at $1,628.10 an ounce at the Comex division of the New York Mercantile Exchange. It traded as high as $1,635.40 and as low as $1,620.40 during the session, while the spot price jumped $4, according to Kitco.com. …

Click to view a price quote on KGC.

Click to research the Metals & Mining industry.

Originally posted here: Gold Gains From Safe-Haven Status Before Greek Elections (Update1)

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Executives Send Buy Signals on These 4 Stocks

Category : Stocks

NEW YORK (TheStreet) — The stock market and commodities seem to be in a state of confusion right now. There’s a distinctive feeling of impending doom in the air, which is just what we need to find a bottom.

That bottom may not be far away. The daily trading volume of the stocks I follow and the companies that comprise the major stock indices are lackluster enough to conclude that there’s still plenty of money is on the sidelines right now.

One of the volume leaders midweek was none other than Bank of America . This is a stock that’s experienced a fair amount of insider trading over the past 10 days. …

Click to view a price quote on DVN.

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Mine Strike May Push Platinum Higher

Category : Stocks

Tim Harvey, Sr. VP at ETF Securities, says a strike at a South African mine could boost platinum prices.

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Platinum Shiniest of Precious Metals

Category : Business, Stocks

Tim Harvey, Sr. VP at ETF Securities, explains why platinum is holding up better than gold, silver and palladium.

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The Silver Reverse Bubble of 2012

Category : Business

By Paul Mladjenovic

NEW YORK (Minyanville) — In late 2008, when silver was massacred in the futures pit and saw its price fall from over $20 to under $10, I told my readers at that time that silver entered into a “reverse bubble.” I know it sounds odd, but let me re-visit the concept.

As you know by now, a “bubble” is when an asset reaches an unsustainably high level due to artificially stimulated demand. In 2004, I wrote that housing was entering a historic bubble because government policies such as excessively (artificially) cheap credit inflated the price of real estate to nosebleed levels. The real estate mania was everywhere in 2004-2006 as buyers were going berserk.

At the time, I had done a seminar with my favorite real estate expert (David Corsi) entitled “Housing Bubble Profits” and detailed my bearish rationale for why I thought that housing was entering a dangerous phase and that real estate investors and speculators would get hammered. The bottom line is that when an asset (real estate, stocks, whatever) gets bid up to high levels artificially (a level way above its true market price), the next step will be a painful plunge.

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Alcoa’s Effect On Silver

Category : Business

David Morgan, founder of Silver-Investor.com, discusses the impact of Alcoa’s better than expected earnings on silver.

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ETF Winners and Losers: VXX, ITB, DXJ

Category : Business, Stocks

NEW YORK (TheStreet) — Welcome to Don Dion’s “ETF Winners and Losers.” Be sure to stop by throughout the week to find out which ETFs are gaining or losing.

Winners

iPath S&P 500 VIX Short-Term Futures ETN 7.0%

After scoring one of the top spots on Monday’s losers list, the fear-tracking VXX ETN has managed to stage a comeback, recovering some of its lost ground. This bounce comes after the volatile instrument locked in all-time lows.

With its premium nearly wiped out, the VelocityShares Daily 2X VIX Short Term ETN is also staging a comeback, capping a four-day string of losses….

Click to view a price quote on VXX.

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Read the original here: ETF Winners and Losers: VXX, ITB, DXJ

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Gold Bugs Watching Bernanke, Not China

Category : Business

Will Rhind, head of US Operations for ETF Securities, says gold investors should focus more on Ben Bernanke’s words than China’s slowing growth rate.

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