Another day, another final-hour swing. At 2:55pm, the Dow was once again drifting into negative territory. But unlike much of this week, when the markets sold off and ended at the lows of the day, a NBC News report revealing President-Elect Barack Obama’s nominee for Treasury Secretary propelled a strong late-day rally.
Sales of physical gold reached record heights as investors sought the traditional safety of precious metals. "Since Sept. 15, I'd say business is up 300 percent," said Mark Albarian, CEO of Goldline, told CNBC.
Stocks ended the day significantly lower but avoided a catastrophe, as an orderly selloff staved off what some thought would be a massive market capitulation.
Inflation backlash?! That's what Rob Lutts predicts. So the founder and CIO of Cabot Money Management suggests preparing an anti-inflation strategy: gold ETFs and stocks.
Gold prices rallied 14 percent over the last two weeks as stocks declined — but the precious metal is down for the quarter. But Dan Smith of Standard Chartered remains bullish.
In a market as tough as this, it's best to play defense.
Cramer makes the call on viewers' favorite stocks.
Precious metals still have plenty of upside, two strategists told CNBC. Evaristo Stanziale, senior vice president at SCS Commodities, and Mark Hansen, director of trading at CPM Group, offered their insights into gold and other safe-haven commodities.
Gold prices are up ~$83 per troy ounce, or 10.62% for the day. Here are the 10 biggest moves in gold since 1975.
Precious metals are about to jump. So says Peter McGuire, managing director at Commodity Warrants Australia. He offered his commodities insights to CNBC.
With oil prices sliding but the dollar rally unsteady, where will gold go? Dawn Bennett of Bennett Group Financial Services and Mike O'Rourke of BTIG Bass Trading gave CNBC their insights into precious metal.
The big discussion today revolves around the continuing route in commodity stocks...the decline is so steep and severe that it is fueling theories that a liquidation is occurring due to:
Following are the day’s biggest winners and losers. Find out why shares of Home Depot and Barrick Gold popped while United Air Lines and Supervalu dropped.
It's a booyah-free zone. There goes Swifty!
Where are gold prices going? Gold can either consolidate through until Sept. 12 and then make a breakout from the $957 level -- or it can trade up to $1023.72 by Aug. 21, says Richard Morrish from MIG Investments.
The Dow slipped on Monday as investors worried that plans to shore up the government sponsored mortgage companies won't be enough. What's the "Word on the Street?"
Forget congressional bluster about "speculators" -- commodities prices have barely begun to climb. So says John Roque of Natixis Bleichroeder -- and he has ideas for investors.
Nearly 1.4 billion shares and over $16 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
Nearly 1.4 billion shares and $18 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
The second half of 2008 looks mighty encouraging to Al Meyers. "It's all going to depend upon earnings," he told CNBC. "It's going to set the tone for the second half. There are some very good values out there right now."