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Thursday, May 5, 2011

Stock Tips & News










CIT Group popped on some good legal news last month, and now one trader thinks it's going to grind sideways for the next two weeks. optionMONSTER's tracking systems detected the sale of 
about 5 ...

By Theresa McCabe 05/05/11 - 11:22 AM EDT General Motors earnings article updated from 10:30 am EDT with share prices, analyst comments and information from the company's quarterly conference call.
Today Fortune magazine released its annual list of the 500 largest corporations in the United States - of this list, 18 of these corporations are media companies.
By STEVEN M. SEARS | MORE ARTICLES BY AUTHOR The metal is hostage to market forces that add multiple dimensions to its sickening four-day decline.
GM earns $3.2B in 1Q, helped by strong US sales
The Associated Press - 6 hours ago
DETROIT (AP) - General Motors Co. reported its highest quarterly profit in more than a decade, helped by demand for fuel-efficient cars and a big gain from selling its stake in its former auto parts business


What started off as a sharp correction in silver is quickly turning into a sell-off of historic proportions. With a four-day decline of more than 24%, the sell-off in silver is now the eighth-most ...



From The Daily Crux:

Seven dividend stocks in rock-solid financial condition
"Any master architect will tell you the the key to a quality structure is its foundation..."  
A True Secret of the Gold Markets
Did you know that there’s a clever way to potentially boost your returns in the gold markets by a significant amount? 
If you're planning to buy a car this year, you should do it quickly
Shortages due to the Japanese crisis will cause prices to jump this summer... 
More bad news for silver: Comex hikes margin rates again
"The biggest slump for silver since 1983 may not be over..." 



By Jeffry Bartash 
 
WASHINGTON (MarketWatch) -- The number of people who filed new applications for jobless benefits leaped 43,000 last week to 474,000, the highest level in almost nine months. A Labor official attributed much of the increase to temporary layoffs in the auto sector and in the state of New York, where workers in the educational field such as bus drivers are eligible for compensation during the week of spring break. Economists surveyed by MarketWatch had expected claims to fall to seasonally adjusted 412,000 from the prior week's revised level of 431,000. The average of new claims over the past four weeks, meanwhile, climbed by 22,250 to 431,250, the highest level since November. The four-week average is considered more accurate a gauge of employment trends because it lessens week-to-week volatility in the data. Also, the government said the number of workers who continue to receive state compensation increased by 74,000 to a seasonally adjusted 3.73 million in the week of April 23. Altogether, 8.01 million people received some kind of state or federal benefit in the week of April 16, down 171,547 from the prior week.






GM profit more than triples, sees 2011 improvement
May 05, 2011 07:58 AM ET
DETROIT (Reuters) - General Motors Co's quarterly profit more than tripled, beating expectations, driven by a recovery in the U.S. market and strong sales in Asia. | Full Article
Late Easter boosts retailer April sales May 05, 2011 07:41 AM ET CHICAGO (Reuters) - U.S. retailers showed strong sales gains in April as the late Easter spurred sales of candy and clothes, and inflation lifted prices of groceries and gasoline. | Full Article
ECB keeps rates at 1.25 percent, markets wait on hike hint May 05, 2011 07:50 AM ET HELSINKI (Reuters) - The European Central Bank kept euro zone interest rates on hold as expected on Thursday leaving markets focused on whether Jean-Claude Trichet will flag a June hike by declaring the bank is in a state of "strong vigilance." | Full Article

The Washington Post

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Goldcorp reports 150% jump in adjusted net earnings for Q1

Goldcorp CEO Chuck Jeannes said the company remains comfortable with its 2011 gold production guidance of 2.65 million to 2.75 million ounces.    Thursday , 05 May 2011

Mexico makes third largest Central Bank gold purchase of past ten years

By buying 93 tonnes of gold during February and March, Mexico has busy been converting what it sees as a weak dollar into the world's prime hard asset.    Wednesday , 04 May 2011

Gold and silver to dip in the short term but ride is not over yet - Nichols

The current state of US fiscal and monetary policy, continued growth from Asia and the entrance of new players into the market mean that the longer-term silver and gold upcycle still has some years to run   

Yesterday's top story: An evergreen question: gold stocks or gold bullion

RBCCM delves into the vexed issue of why listed gold stocks seem to be underperforming the extended bull market for gold bullion and comes up with some cost-heavy answers    Tuesday , 03 May 2011

Intel Increases Transistor Speed by Building Upward

By JOHN MARKOFF
A new design uses a tiny fin that could make smaller, faster, lower-power chips.

Markets Losing Faith in Portugal

By LANDON THOMAS Jr. and RAPHAEL MINDER
Rising interest rates a day after a huge bailout show that Portugal's troubles are not over.

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