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Current DateTime: 03:20:19 30 Aug 2008
LinksList Documentid: 23371764
    • Gold Loses Its Luster

        Charting Asia delves into the goldmines and finds that gold is no longer a long-side trading opportunity -- it's time to hang onto your hard hats and trade on the volatility of price behavior.

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Jul.15
9:54 AM ET

Nearly 1.2 billion shares and $14 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge.  The top currency trader has more than doubled his money making over $333,000 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:

  • The top currency trader is currently among the top 5 participants in the contest.

  • Although the most actively traded currency pairs are the EUR/USD, USD/JPY, and GBP/USD, contestants continue betting on the USD/CHF, as well as the GBP/JPY

  • Investors will closely follow Fed Chairman Bernanke's views on monetary policy and the overall outlook of the economy during the semiannual monetary policy in Washington today at 10aET.

  • The euro [$$EURUSD  Loading...      ()   ] hit an all-time high of $1.6036 per US dollar Tuesday morning ahead of Fed Chairman Bernanke's testimony

  • Any unlikely signs that the Federal Reserve might tighten its monetary policy could be bullish for the US dollar. 

  • Sirius Satellite Radio [SIRI  Loading...      ()   ] continues to lead in the Widely Helds, followed by Raid Aid (RAD)

  • Ambac Financial [ABK  Loading...      ()   ] maintains its top spot in the Most Actives, closely followed by Washington Mutual (WM), Sirius (SIRI), Freddie Mac (FRE), and Level 3 Communications (LVLT)

  • Industrials represent 35% of the top Widely Helds, with Financials at 25%

Sample of Top Trades in the Leaderboard:

  • Canadian Solar [CSIQ  Loading...      ()   ] if you bought on Friday before 4pET and held/sold on Monday, you made 18.49%
  • Republic Services [RSG  Loading...      ()   ] if you bought on Friday before 4pET and held/sold on Monday, you made 13.84%
  • Silver Standard Resources [SSRI  Loading...      ()   ] if you bought on Friday before 4pET and held/sold on Monday, you made 8.35%
  • Goldcorp [GG  Loading...      ()   ] if you bought on Friday before 4pET and held/sold on Monday, you made 5.74%

Sample of Losing Trades from the Leaderboard:  Dominated by Airlines & Financials

  • US Airways [LCC  Loading...      ()   ] if you bought on Friday before 4pET and held/sold on Monday, you lost -12.39%
  • Continental Airlines [CAL  Loading...      ()   ] if you bought on Friday before 4pET and held/sold on Monday, you lost -7.42%
  • PacWest Bancorp [PACW  Loading...      ()   ] if you bought on Friday before 4pET and held/sold on Monday, you lost -9.46%
  • Blue Coat Systems [BCSI  Loading...      ()   ] if you bought on Friday before 4pET and held/sold on Monday, you lost -6.57%

Bets for today (July 15th): Dominated by Energy, Precious Metals, and Fertilizer Producers

  • GMX Resources [GMXR  Loading...      ()   ]

  • James River Coal [JRCC  Loading...      ()   ]

  • Washington Mutual [WM  Loading...      ()   ]

  • Rangold Resources [GOLD  Loading...      ()   ]

  • Royal Gold [RGLD  Loading...      ()   ]

  • Mosaic [MOS  Loading...      ()   ]

  • CF Industries [CF  Loading...      ()   ]

  • UAL Corp [UAUA  Loading...      ()   ]

  • Elan [ELN  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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