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Side-Stepping the Drop in Gold
David Nichols submits:Back on October 9th, as gold was spiking up to $920, I urgently told subscribers to the daily Fractal Gold Report to close out all long positions in gold, effective immediately. It was clear that the "panic trade" was running out of energy, which would leave gold in an extremely dangerous spot. Complete Story »
Seeking Alpha

Bank of China says 3Q net profit up 11.5 pct
SHANGHAI, China (AP) - Bank of China, one of China's biggest state-owned commercial lenders, said Wednesday that its net profit rose 11.5 percent in the July-September quarter, as trading gains and interest income helped offset weakness in other areas.
AOL

Panicked Traders Take VW Shares on a Wild Ride
Regulators are examining a torrent of panicky trading in Volkswagen shares that at one point Tuesday turned VW into the world's most valuable company.
The New York Times

MrSwing Lite Swing Trade Picks
Some Potential Swing Trading Opportunities for today...
Mr. Swing

Super Snapper
After a positive start, we meandered for the bulk of the trading day until the late day super snapper...
mrswing.com

Carpetright warns of `difficult` trading
Founder and chairman of the retailer says that trading will be 'extremely difficult' for at least another 18 months after the company reported a sharp deterioration in first half sales
FT.com

Oil prices rise on hopes of US rate cut
WORLD oil prices advanced in Asian trade today, mirroring gains on stock exchanges, as markets looked to an expected rate cut by the Federal Reserve to boost the flagging US economy, dealers said.
The Australian

Taiwan`s UMC posts net loss in 3Q
Taiwan's United Microelectronics Corp. said it swung to a quarterly loss for the first time in almost seven years as the value of the company's financial investments plumetted and global demand for wafers weakened. UMC, the world's second-largest contract...
San Francisco Chronicle

U.S. Stocks Soar, Gaining 11 Percent, Second Biggest Point Advance on Record
Stock prices soared in New York late Tuesday as the Dow Jones Industrials gained 889 points or 11 percent on the day. Asian stock indexes soared in early trading Wednesday, following large gains Tuesd...
bignewsnetwork.com

Short-Term Technical Outlook: AUD/CAD
The AUDCAD has faced increased selling pressure after reaching a high of 0.9846 on 7/15/08, and may offer profitable opportunities for forex traders.
Daily FX

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