Friday, 28 Jan 2011 | 3:11 PM ET

Unrest in Egypt Fueling Rally in Gold

Posted By: Lori Spechler
A combo of pictures shows Egyptian demonstrators tearing a huge portrait of President Hosni Mubarak during a protest against his rule in the northern port city of Alexandria on January 27, 2011.
AFP | Getty Images
A combo of pictures shows Egyptian demonstrators tearing a huge portrait of President Hosni Mubarak during a protest against his rule in the northern port city of Alexandria on January 27, 2011.

Unrest in Egypt putting the fear factor back into the gold trade—at least for today.

Ashraf Laidi, CMC Markets says today’s gold rally is “safe haven buying” and can also be seen in U.S. treasuries and oil. “Intensifying violence in Egypt” has “implications for MidEast policy & oil flow,” he says

Volume in April gold futures contract was about 35 to 40 percent above normal today, trading well over 200-thousand contracts.

According to traders, short covering by speculators is fueling more buying by computer-driven models that track order flow and momentum. “The market is definitely short in gold—you are definitely running some of the shorts out of the market today,” says Kevin Grady gold trader with MF Global. And that short-covering demand is fueling more buying by algorithmic systems that are programmed to look for volatility in the markets. “There is so much panic, the moves are not $5 or $10 moves but $30 or $40 moves,” says Kevin. » Read more

»Read more
  Friday, 28 Jan 2011 | 1:32 PM ET

What's Wrong With Simon Johnson?

Posted By: John Carney
Simon Johnson, the former chief economist of the IMF
Getty Images
Simon Johnson, the former chief economist of the IMF

Simon Johnson, the former chief economist of the IMF who is now a leading financial commentator at Baseline Scenario, is one of the more prominent critics of the view that blame for the financial crisis falls on affordable housing and fair lending policies. The problem is that his critique is extremely misguided.

» Read More
  Friday, 28 Jan 2011 | 12:47 PM ET

Hedge Fund Fisticuffs: Does Anyone Really 'Get It'?

Posted By: Ash Bennington
Digital Vision | Photodisc | Getty Images

Let's talk about risk.

As I pointed out this morning , the backlash against Goldman Sachs president Gary Cohn's remarks about hedge fund regulation continues.

Let's begin at the beginning.

» Read More
  Friday, 28 Jan 2011 | 12:03 PM ET

Nicole Lapin's Short & Long List

Posted By: Nicole Lapin

Nicole Lapin, of CNBC's Worldwide Exchange, explains what she's long and what she's short this week.

» Read More
  Friday, 28 Jan 2011 | 11:18 AM ET

Bernanke's Mystery: 12 Out of 13 Major Firms at Risk in 2008

Posted By: John Carney
Getty Images

The Financial Crisis Inquiry Commission produced a bit of a mystery with its report yesterday.

» Read More
  Friday, 28 Jan 2011 | 10:51 AM ET

Investing in The Defense Sector of Tomorrow 

Posted By: Lori Ann LaRocco

Cut backs in defense spending have been hanging over the sector for about year and now. Wall Street waits to see when the axe will fall. But that doesn't mean that investors should be sitting on their laurels waiting for it to happen.

There is always opportunity hidden in times of uncertainty. You just need to know where to look. Secure Strategy Group co-founder and former DHS Assistant Secretary Robert Liscouski and Secure Strategy Group co-founder Scott Greiper both took the time to answer my questions on where the smart money is going in the defense sector.

Secure Strategy Group is a strategic advisory firm which invests in the security and defense sector.

» Read More
  Friday, 28 Jan 2011 | 10:08 AM ET

Confessions of a (Female) Cigar Smoker

Posted By: Nicole Lapin
Nicole Lapin in
Source: Cigar Aficionado
Nicole Lapin in

I don’t have a whole lot in common with Fidel Castro.

Not a ton with Winston Churchill, Rush Limbaugh, Milton Berle, Mark Twain and Bill Cosby, either. Save, of course, a penchant for cigar smoke.

In my case, it’s recreational, nowhere near the occupational predilection of history’s most recognizable cigar-wielding rebels and icons.

“A woman is only a woman, but a good cigar is a smoke,” one of my favorite poets, Rudyard Kipling, penned in his short story “The Betrothed.”

Close, Mr. Kipling, but no cigar. Cigars, for better or worse, link us all, this woman included.

Certainly, I am not the only one. Cigar Aficionado Magazine featured me this month, as one of a long list of women who have gender-bent the pages before: Madonna, Sharon Stone, Demi Moore, Veronica Webb.

» Read More
  Friday, 28 Jan 2011 | 8:56 AM ET

John Paulson Banks $5 Billion in Profits

Posted By: Ash Bennington

Lower profits at Ford: Shares drop 7 percent in premarket trading. [Reuters CNBC]

Protests in Egypt continue. [WSJ]

John Paulson banks $5 billion in profits —which may be the best single year gain in investing history. [WSJ]

Geithner says global inflation is still “not high on the list of concerns,” for the world's economy. [WSJ]

Sarah Lee is splitting in two. [Financial Times]

The Illinois Supreme Court has rules that Rahm Emanuel can stay in the Chicago mayoral race . [New York Times]

Hedge funds beat up on Goldman Sachs president over calls for tougher regulation in Davos. [CNBC via FT]

Welcome to weather hell: NYC is the new Buffalo. [New York Times]

»Read more
  Thursday, 27 Jan 2011 | 5:22 PM ET

Global Unrest Slams Markets

Posted By: Ash Bennington
  Thursday, 27 Jan 2011 | 5:08 PM ET

GSEs, Citigroup, Lehman, AIG, Goldman Sachs And Jamie Dimon at Top of Financial Crisis League Table

Posted By: John Carney

This probably is not the sort of league table anyone hoped to top.

The FCIC today released its official report on the financial crisis, along with two dissenting reports. Together they run 633 pages, including the footnotes but not including the index.

» Read More

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