Market Blog » The Arora Report Stock Market News

The Federal Reserve on Gold and Silver

January 26, 2012

The Federal Reserve on Gold and Silver The Federal Reserve does not directly comment on gold and silver. For the first time in the living memory, the Fed sent a clear signal to sell gold and silver. The market participants did not listen and ran both gold and silver up. After the 12:30 pm EST announcement from the Fed, gold ETF [s:GLD] and silver ETF [s:SLV], gold miner ETF [s:GDX] and popular miner stocks such as Newmont [s:NEM], Barrick [s:ABX] and Silver Wheaton [s:SLW] saw explosive buying. Famed investor Benjamin Graham, said that in the short term the

OUT OF GOLD

January 26, 2012

This is the post on ZYX Short Sell Change Alert yesterday at 12:28: ‘FED EASES, GOOD FOR GOLD AND SILVER’ The language behind Fed’s statement amounts to QE2.5. This is positive for gold and silver. Out of the gold ETF (GLD) trade at $161.

‘Don’t Be Evil’ Gives Google Possible Antitrust Cover

January 24, 2012

In my article, ‘œGoogle’s Brilliant New Weapon To Fight Facebook,’ I described Google’s new weapon ‘œSearch plus Your World’. Search plus Your World changed Google’s ranking in its search results. Google started emphasizing results from Google+ social network at the expense of Facebook and Twitter. Now a few engineers from Facebook led by Blake Ross, Facebook’s product director and co-founder of Firefox, along with engineers from Twitter and MySpace, are responding with a new tool called ‘˜Don’t Be Evil.’ The name Don’t Be Evil is a fairly deliberate dig at Google’s tag line. The engineers asked how much better

3 Real Reasons for Google Stock Drop

January 23, 2012

Shares of Google GOOG +0.01% lost about 8% after the Internet giant missed earnings. Google is a cheap stock; the big drop cannot be justified by missing earnings alone. The three real reasons behind the big drop in Google’s stock price are Amazon AMZN -0.04% , Apple l AAPL +0.06% , and Facebook. On Nov 3, 2011, I wrote on MarketWatch that “holders of Google stock are well advised to lighten up on bounces…” I did not have a crystal ball to predict a decline in Google’s stock price; it is simply that the attack on Google’s basic business model

Iranian Buying Unlikely Culprit For Uranium Stock Rise

January 23, 2012

Is Iran buying large quantities of uranium ore or yellowcake? It is true that Iran has an extensive uranium enrichment program. It is true that Iran is making progress in its nuclear program. It is also true that Iran in the past has claimed that it was forced to resort to secrecy after U.S. pressure resulted in several of its nuclear contracts with foreign governments being terminated. Yellowcake is a form of uranium concentrate obtained from leach solutions as an intermediate step in the processing of uranium ore. Sources indicate that aggressive buying in uranium stocks is occurring in

Battle Planning For Apple’s Earnings Report

January 23, 2012

Apple reports earnings on Tuesday, January 24, after the close of trading. The consensus estimate is for $9.97 in earnings and $ 38.73 per share for revenues. Of course, as usual, breakdown of numbers by product category will drive the price of Apple stock. Over last three years, I have watched in amazement as analysts dismiss Apple’s projections. The legions of analysts have concluded that Apple has perfected the art of guiding conservatively so that it can beat the projections. I follow several sets of rigorous principles and rules in my investing and here are a few I focus

ADDED TO GOLD

January 23, 2012

Consider adding a 5% tranche to gold (GLD) right here at $163.42. Those not in the position may start a 5% position here. New subscribers: Please carefully study Trade Management Guidelines before entering this trade on GLD. We will continue to follow this trade on the paid subcription Alert service.

Symantec (SYMC) Has More To Say About Norton Hacking

January 19, 2012

I detailed the attack by hackers on Symantec, the maker of popular Norton Antivirus software in my article, ‘œLords Of Kings Hack Norton Antivirus, Are You Safe?’ Subsequently, Symantec’s take on the hacking was detailed in ‘œSymantec Says Norton Is Safe After Lords of Kings Attack.’ Symantec had stated that the stolen code was 10 years old and did not include the code for its flagship product Norton Antivirus for consumers. Now Symantec is backtracking. In an email to The Arora Report, Symantec admits, ‘œUpon investigation of the claims made by Anonymous regarding source code disclosure, Symantec believes that the