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Current DateTime: 03:39:22 25 Nov 2009
LinksList Documentid: 23371764
    • Gold Will Collapse Like Oil Did in 2008: Charts

        The gold price has moved quickly and it has developed an important new uptrend characteristic. This so-called 'parabolic' trend is a dangerous type with a high probability of a sudden collapse.

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Current DateTime: 03:39:22 25 Nov 2009
LinksList Documentid: 30111251
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Jun.30
10:37 AM ET

Nearly 1.4 billion shares and $18 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge.  The top currency trader has more than doubled his money making over $219,000 since currency trading began.  Check out Sue Herrera's currency tips here and for daily currency updates, go to http://www.cnbc.com/id/22618039.

Contest Widely Helds and Actives:

  • NZD/JPY [$$NZDJPY  Loading...      ()   ] and NZD/USD [$$EURJPY  Loading...      ()   ] entered the contest most active currencies displacing the AUD/JPY [$$AUDJPY  Loading...      ()   ] and EUR/GBP [$$EURGBP  Loading...      ()   ].

*The New Zealand dollar rallied Friday against most major currencies as its economic data showed that the New Zealand economy has contracted less than expected. 

**The New Zealand Dollar and the Australian dollar often move in tandem, both are high yielding and bought by investors searching for higher returns.

  • EUR/USD [$$EURUSD  Loading...      ()   ] remains the most actively traded currency pair, and with the Euro-zone CPI coming in hotter than expected at a record 4%, the euro is moving off its lows against the US dollar. This news is firming up expectations that the European Central Bank (ECB) will raise rates on Thursday, a bullish signal for the euro.

  • RF Micro Devices [RFMD  Loading...      ()   ] climbed back into the Most Widely Helds pushing Yahoo [YHOO  Loading...      ()   ] out of the top 20 Friday.
  • Sirius Satellite Radio [SIRI  Loading...      ()   ] continues its stranglehold on the contest Widely Helds, but Rite Aid [RAD  Loading...      ()   ] was the most actively traded security in the contest on Friday.
            *Rite Aid hit a 52-week low on Thursday, and investors were hoping for a bounce, which they got as RAD rebounded by 9.63% on Friday.

  • Industrials continue to represent 30% of the top widely helds followed by Financials at 25%.

Sample of Top Trades in the Leaderboard: Precious Metals and Mining companies dominate as gold rallies

  • Hecla Mining [HL  Loading...      ()   ] if you bought on Thursday before 4pET and held/sold on Friday, you made 10.71%
  • Gammon Gold [GRS  Loading...      ()   ] if you bought on Thursday before 4pET and held/sold on Friday, you made 7.30%
  • Pan American Silver [PAAS  Loading...      ()   ] if you bought on Thursday before 4pET and held/sold on Friday, you made 6.88%
  • Eldorado Gold [PAAS  Loading...      ()   ] if you bought on Thursday before 4pET and held/sold on Friday, you made 6.23%
  • Yamana Gold [AUY  Loading...      ()   ] if you bought on Thursday before 4pET and held/sold on Friday, you made 6.15%

Sample of Losing Trades from the Leaderboard: 

  • James River Coal [JRCC  Loading...      ()   ] if you bought on Thursday before 4pET and held/sold on Friday, you lost -0.78%

Bets for today (June 30th): Dominated by Precious Metals and Mining

  • Agnico-Eagle Mines  [AEM  Loading...      ()   ]
  • Kinross Gold  [KGC  Loading...      ()   ]

  • Barrick Gold  [ABX  Loading...      ()   ]

  • Yamana Gold [AUY  Loading...      ()   ]

It's not too late to get started.  You can still get in the game to win the grand prize or one of these great weekly prizes.
Click here to play.

bythenumbers.cnbc.com

© 2009 CNBC.com

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Current DateTime: 01:26:08 25 Nov 2009
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