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Current DateTime: 07:06:01 24 Nov 2009
LinksList Documentid: 23371764
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        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: 07:06:01 24 Nov 2009
LinksList Documentid: 30111251
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Nearly 1.42 billion shares and $15.1 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge.  The top currency trader has more than doubled his money making over $242,000 since currency trading began.  Check out Sue Herrera's currency tips here and for daily currency analysis, go to Currency Updates.

Contest Widely Helds and Actives:

  • The most profitable currency trades in the contest were made in the EUR/USD [$$EURUSD  Loading...      ()   ] , EUR/JPY [$$EURJPY  Loading...      ()   ] and GBP/JPY [$$GBPJPY  Loading...      ()   ] pairs.
  • Investors bought the EUR/USD [$$EURUSD  Loading...      ()   ] pair ahead of a widely expected 25 basis point rate hike during today's ECB meeting.
    • The US dollar fell broadly yesterday as an ADP National Employment report showed that jobs in the private sector fell by 79,000 in June, making it the biggest decline since November 2002.   
  • Sirius Satellite Radio [SIRI  Loading...      ()   ] continues its stranglehold on the contest Widely Helds, followed by Rite Aid [RAD  Loading...      ()   ].

  • Industrials continue to represent 30% of the top widely helds followed by Financials at 20%.

Sample of Top Trades in the Leaderboard:

  • Apollo Group [APOL  Loading...      ()   ] if you bought on Friday before 4pET and held/sold on Monday, you made 18.42%
  • Quimonda [QI  Loading...      ()   ] if you bought on Friday before 4pET and held/sold on Monday, you made 16.10%
  • Family Dollar Stores [FDO  Loading...      ()   ] if you bought on Friday before 4pET and held/sold on Monday, you made 8.18%

Sample of Losing Trades from the Leaderboard: 

  • Hertz Global Holdings [HTZ  Loading...      ()   ] if you bought on Friday before 4pET and held/sold on Monday, you lost 16.17%

Bets for today (July 1st): Dominated by Energy

  • W-D40 Co.  [WDFC  Loading...      ()   ]

  • Continental Airlines  [CAL  Loading...      ()   ]

  • Petrohawk Energy  [HK  Loading...      ()   ]

  • Goodrich Petroleum [GDP  Loading...      ()   ]

  • Massey Energy [MEE  Loading...      ()   ]

  • Canadian Solar [CSIQ  Loading...      ()   ]

  • MF Global [MF  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

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