Archives for August 2014

August 2014 - Money Morning - Only the News You Can Profit From

Short Selling Will Plague Retailers Who Fall into These Traps

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This past week and a half saw all of The Big Three teen clothing retailers post a second consecutive quarter of year-over-year losses, further fueling the short selling spree on these specialty apparel retailers.

Abercrombie & Fitch Co. (NYSE: ANF), American Eagle Outfitters (NYSE: AEO), and Aeropostale Inc. (NYSE: ARO) have been suffering blows to their top line since the tail end of the recession, fueling short-selling activity that has further threatened these companies' stocks.

Here’s why they are struggling, and how to identify a prime retail short sale candidate.

Gold Price Forecast for September Shows Demand – and Prices – Surging

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Gold price forecast, Aug. 29, 2014: Buying gold during the late days of summer has proved to be a winning trade for most of the last two decades, according to Bloomberg.

Indeed, September is historically gold's best month. Over the last 20 years, the yellow metal has seen an average gain of 3% in September.

Find out here why September is so good for gold prices….

Is the Stock Market Closed on Labor Day?

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For those investors out there wondering, "Is the stock market closed on Labor Day," here's the answer.

We also explain what Labor Day is, how it came about, and its effect on the New York Stock Exchange…

Tesla (Nasdaq: TSLA) Stock Smashes All-Time High Today on Massive China Deal

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Tesla Motors Inc. (Nasdaq: TSLA) stock hit an all-time high of $272 today, after the company signed a deal with China's second-largest mobile phone company to build 400 charging stations in 120 Chinese cities.

The partnership with China United Network Communications Corp. sent the Tesla stock price up more than 3% from yesterday's closing price of $263.86.

But that’s just the start of TSLA’s run. Here’s how much higher the Tesla stock price is going…

Silver Price Forecast: End-of-Year Rally to Start in September

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Silver prices suffered mightily in August, as this Friday is likely to show the white metal down considerably on the month.

However, some new developments in the futures markets and the move into the fall months provides favorable trading terms for silver.

Here’s our silver price forecast for September and the months to come.

Illegal Gold Mining Is Costing Countries Millions

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Illegal gold mining is a growing problem that's costing countries millions.

"Countries are losing significant funds," United Nations Interregional Crime and Justice Research Institute (UNICRI) director Jonathan Lucas said to The Wall Street Journal this week.

This problem is only now starting to get the attention it deserves...

Price of Oil Edges Higher – Here’s What to Look for by End of 2014

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The price of oil has climbed slightly this week with West Texas Intermediate (WTI) hitting an intra-week high of $95.17 for October delivery today (Friday).

Despite this week's price hike, WTI prices are still well below the three-year high of $105 a barrel they hit in June.

But even though prices have dropped the last two months doesn’t mean we’re out of the woods. The price of oil could still soar in a hurry…

The Alibaba IPO Date Is Less Than Three Weeks Away – and You Can Start Profiting Now

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According to multiple media reports, the Alibaba IPO date is less than three weeks away.

Both Bloomberg and Fox, citing unnamed sources, reported earlier this month that Alibaba Group Holding Ltd. (NYSE: BABA) will begin the "roadshow" portion of its IPO shortly after Labor Day.

Here’s the date to mark on your calendar, and how you can start profiting from this deal today…

U.S. Stock Markets On Track for 3% - 4% August Gain

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Stock market news today, August 29, 2014: U.S. stock markets today (Friday) are on track to post their fourth consecutive week of gains, and 3% to 4% gains in August. The S&P 500 has hit several record highs over the course of the month. After major indices closed down on Thursday, U.S. stock futures this morning are edging higher.

Here are the top stories in stock market news today…