In some developing news today the world’s major central banks (which hold more than 15% of global Gold stockpiles) are expected to reduce their sales or lending of their bullion reserves this year. This has the potential of restricting supplies and putting a floor under Gold prices. This is the third time in the last year that they have touted...

DEARBORN, Mich. (AP) — Ford Motor Co. President and CEO Alan Mulally received compensation valued at $17.7 million in 2008, down more than 22 percent from the prior year, as the automaker struggles amid the worst U.S. auto sales slump in 27 years, according to a federal regulatory filing published Tuesday. The majority of his package came in...

BREAKING: AIG Bonuses: Surrendered Under Pressure? CNBC Exclusive! An email from the head of a controversial unit at AIG suggests employees who gave up their bonuses did not do so voluntarily, but feared their names would be released if they did not. The email, obtained by CNBC, states the following: “Please be aware that we have received assurances...

Hold on tight to your paper greenbacks folks because sooner than you think they will have collector value as “a currency that once was” as the USD continues to collapse. Gold may not make a BIG move for some time as the administration continues to snowball the public about the severity of just how bad off this economy is. The fear is what...

247wallst First Solar, Inc. (FSLR) will build a 30 megawatt solar PV plant in northeastern New Mexico to supply power to a wholesaler that serves nearly 1.5 million customers in four Western states. The contract is said to be the largest ever granted by a US electric cooperative to a PV maker. The plant is expected to be completed by the end of 2010....

Ok honestly, stock market aside please tell me that Bernanke, and Geithner are joking? We already have a major provision in place for this, it is called a bankruptcy court. What they are really saying is that they need more money in hand so that they can bail out more of their friends. Little by little and bit by bit, our laws and our Constitution...

March 24 (Bloomberg) — Richard Bernstein, chief U.S. quantative strategist, and David Rosenberg, the chief North American economist, are leaving Bank of America Corp., a company spokeswoman said. Bernstein, 50, will start his own money management company after leaving in mid-April, and Rosenberg, a native of Canada who plans to leave in mid-May,...

Wall Street is looking lower early this morning as investors reassessed a market rally a day after stocks posted their biggest gains in five months. A pullback is expected and I will be watching to see if we pullback a small amount and trade sideways or if after the first 15 minutes we reverse and continue higher. With little economic data to go on...

WASHINGTON/NEW YORK (Reuters) – U.S. securities regulators are working on an updated version of the so-called uptick rule to regulate a type of trading blamed for dramatic declines in stocks, three sources familiar with the matter told Reuters on Monday. The updated version of the Depression-era rule is expected to account for changes in the...

NEW YORK (Reuters) – Longtime Bank of America Corp (BAC) shareholder Jerry Finger launched on Monday his formal campaign to strip Chief Executive Kenneth Lewis of his job as chairman, saying the bank took too much risk by acquiring Merrill Lynch & Co. Finger urged shareholders to vote against reelecting Lewis, lead director O. Temple Sloan...

Can’t fight the tape in this market. Here is a good chart and a very good tool to use when looking at market analysis. This could be the beginning of the buyer’s panic cycle. Traders see the train pulling out of the station and running down the tracks, they don’t want to miss it.

March 23 (Bloomberg) — Investors should sell bank stocks after they rallied 12 percent today because the Treasury Department’s plan to buy toxic assets won’t stop profits from dropping, Bank of America Corp.’s Richard Bernstein said. Removing devalued loans and securities from banks’ balance sheets is a short-term solution that will delay...

This last hour could very very volatile. Watch this 800-805 area on the S&P and if we breakout above the fireworks show could be on for an explosive run to the close. If we pull back keep any eye on the sellers to come in and try to slap the bulls. A quick look at Oil has it trading above $54 on the higher run in the stock market. In a major energy...

Folks we are right at big resistance on the S&P. 800 is key and a break above with a close above 800 could sign for a much bigger move north in the markets near term. We need to stay nimble here with our hands on the profit button. If we turn away from 800 and start moving south I think the rally is done. With that said Mobious says the Bull Market...

WASHINGTON (AP) — A real estate group says sales of existing homes rose from January to February in an unexpected boost for the slumping U.S. housing market as buyers took advantage of deep discounts on foreclosures. The National Association of Realtors said Monday that sales of existing homes grew 5.1 percent to an annual rate of 4.72 million...