Today is a day of extreme weakness in the monetary metals gold (GLD) and silver (SLV). Ostensibly, it is due to the draft plan by Cyprus to sell gold as part of its bailout.
This is an interesting explanation but I believe the main reason is simply that owning gold and silver is an overcrowded trade.
With central banks especially in Japan and USA monetizing their debt without any end more »
Wells Fargo (NYSE: WFC) is currently trading at a level near $34 again. It had been at this level twice before in 2010 and in 2011 but had never broke the resistance at $34.
At this level, it will be a good idea to sell calls with a strike of $34. Here is why.
When the bank received funding from the government under the Troubled Asset Relief Plan (TARP), the more »
The Market Vectors Vietnam ETF (NYSEMKT: VNM) says this as its mission:
The Market Vectors® Vietnam ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Vietnam Index, which is a rules-based, modified capitalization-weighted, float-adjusted index intended to give investors exposure to Vietnam.
So, what does this mean?
As Vietnam does not have a well known index of the more »