NUGT ETF Down 44% in 3 Days Since I Predicted its Downfall

Labels: ETF, ETF-2014, Gold, Gold-2014, INDUSTRY-Gold, NUGT, SECTOR-Basic-Materials
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The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.

Labels: ETF, ETF-2014, Gold, Gold-2014, INDUSTRY-Gold, NUGT, SECTOR-Basic-Materials
Alcoa (NYSE: AA) started off the earnings season for the Dow Jones Industrials in a surprisingly positive manner. Analysts were generally looking for revenues of $5.77 billion at the mean, and Alcoa reported $6.0 billion. It represented 1% top line growth against the prior year and fractional growth over the fourth quarter, which was impressive given a 9% drop in realized aluminum prices year-to-year. The stock was up 5.4% after hours Tuesday as a result, and the Industrial Select Sector SPDR (NYSE: XLI) was plus 0.7% post the close. Operational expectations were at the opposite end of the spectrum, as evidenced by Alcoa’s 2.9% decline Tuesday, before reporting its results, and by the XLI’s 2% fall.
Our founder earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.
Labels: AA, Economy, Economy-2012-Q2, Editors_Picks, Editors-Picks-2012-04, SECTOR-Basic-Materials, SECTOR-Industrial-Goods
Mosaic (NYSE: MOS) will report earnings after the close of trading Wednesday, and the report portends to be interesting. Furthermore, the forward outlook is likely to be confused by a confluence of market factors contending against one another and the company.
Our founder earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.
Labels: Agriculture, SECTOR-Basic-Materials, Stocks
It seems it was only just yesterday that I could buy a can of coke for two bits and an ounce of gold for $250. Can you imagine that? A sign of the times, gold quickly dusted more than that much value off on its way to a greater than 30% rise to date in 2011. After boldly taking 6.4% last week alone (14% this month through Friday), I think it’s safe to say that gold is officially in bubble mania mode, but I also believe it has the thrust to surpass $2000 an ounce at least before an eventual horrific gold bubble burst at some future date.
Our founder earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.

Labels: Editors_Picks, Gold, INDUSTRY-Gold, Inflation, Insightful, Precious-Metals, SECTOR-Basic-Materials

Our founder earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.
Labels: Earnings, EPS-Reports, INDUSTRY-Aerospace-Defense-Products-Services, INDUSTRY-Steel-Iron, SECTOR-Basic-Materials, SECTOR-Industrial-Goods, Stocks