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September 7, 2007


Stock Du Jour (GLD) & Random Observations

A bit choppy but mainly a positive bias in the afternoon. There’s a new agribusiness ETF, ticker symbol MOO (I love it).

Notable New Highs: MS China A (CAF), Agnico Eagle Mines (AEM), Weatherford (WFT), Juniper (JNPR), Nokia (NOK), Biogen (BIIB), Barrick (ABX), and the gold ETF (GLD).

Notable New Lows: SourceForge (LNUX), Korn Ferry (KFY), Dillard’s (DDS), Ryland (RYL), Progressive (PGR), Nortel (NT), and Finisar (FNSR).

The Gold ETF (GLD) moved to a new 52-week high though it’s still below its May 2006 all-time high. Gold is a play on dollar weakness (among other things), and if there’s one thing that’s absolutely assured, it’s dollar weakness. (I may have just put the bottom in the DXY — nah.)

GLD

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