Gold is Still Rising, Passes 1300

Gold is still a buy according to Frank Holmes, CEO of US Global Investors, today. He notes that Gold and Silver are lagging other commodities when adjusting their 1980 prices for inflation. This is even with the incredible run Gold has had over the past two years, hitting a new high today. He prices Gold at $2,300 an ounce if properly adjusted to inflation.He feels that Gold could double over the next 5 years. Sounds like the opinion of many analyst at the end of the Dot Com Bubble right before the bubble burst.

Chipotle Mexican Grill, Inc (CMG) 52 Week High

Chipotle Mexican Grill is the owner and operator of fast food casual restaurants in the US and Canada. The company was founded in 1993 and currently operates 1,000 restaurants. The stock of the company is in the S&P 400 MidCap Index is has a market-cap of $5.16 Billion. The company has not yet offered a dividend to investors but boast solid growth.

Herbalife Ltd. (HLF) Has Year of Growth

Herbalife Ltd (HLF) headquartered in the Grand Cayman is a network marketing company. Those two facts should cause everyone to wonder how it has performed so well over the past 12 months, but that is exactly what it has done. The company sells weight management and supplements in addition to energy and sports products.

Joy Global Inc. (JOYG) Breaks Upward

Joy Global is involved in the manufacturing and servicing of farm and mining equipment world-wide. Their equipment is used to mine coal, copper, iron ore, and many other minerals. Base out of Milwaukee Wisconsin, the company has performed well over the past four months while recently breaking out of a year long trading range.

BorgWarner Inc. (BWA) Rallies with Market

BorgWarner is an Auburn Hills Michigan power train manufacturer that has had recent gains in earnings and sales with the stock close to reaching a new 52 week high just yesterday. A member of the S&P 400 Mid Cap Index, the company has beat earnings estimates its past four quarters and expects sales to increase 34% this year. Analyst have increased their expectations for the current quarter from 48 cents a share to 59 cents a share over the past 90 days.

Wall Street Journal Reports GoDaddy is For Sale

You will be glad to know that the hosting and registrar company GoDaddy is going on sale. The Wall Street Journal has reported that the company is auctioning itself and bids have been reportedly reaching the $1 billion mark.

Frank Quattrone began an investment banking firm back in 2008, Qatalyst Partners, that has now been hired to manage the sale for the Go Daddy Group Inc. It is speculated that because the company is about to become publicly traded, GoDaddy has begun this sales process. This is not the first time for the company, as they have tried this process and cancelled it once before.

Stocks extend September rally after Jobs Report

As a result of positive economic news, the overall stock market ended its only winning week in an entire month.

The Dow Jones average rose 128 points on Friday, which marked its fourth day in a row of gains. This strong beginning to September indicates a turnaround from the bleak performance in August.

The latest happy news on the economy was reported with an improvement in employment on Friday. Following this and signs of a gaining in manufacturing in China and the US, stocks also rose earlier in the week.

Weak Numbers Cause Wednesday Slump

On Wednesday stocks fell after what was a disappointing report regarding durable goods which only added to the concerns people have about the current pace of the country’s economic recovery.

In trading, early this morning, the Down Jones fell about 34 points.  This has led nervous investors to try to again move their money out of the stock market and into Treasury bonds, which is driving interest rates even lower.

Credit Card Debt Reaches 8 Year Low

In the second quarter this year, the amount owed by consumers on their credit cards fell to a low we have not seen for more than eight years. In this uncertain economy, those with credit cards went right along paying off their balances.

In the three months ending on June 30th, the combined debt (on average) for credit cards issued by a bank - for example those including a Visa or MasterCard logo - fell more than 13 percent, from $5,719 same time last year to $4,951, as is reported by TransUnion.

Reporting on credit, the agency said this was the first quarter in which they saw card debt decrease under five thousand dollars since the first three months of 2002.

Lowes 2Q Results

Hot weather was a help and a hindrance to Lowes sales in early summer. The big home-improvement retailer reported that heat probably boosted sales for outdoor grills and air conditioners, helping to increase 2Q net income by 10 percent. However, the heat kept away other customers as well as the continued anemic economic recovery.

The observations by Lowes, the second largest home improvement chain in the nation, echo the attitude of a great many companies who are not seeing any signs that create any expectation of dramatic increases in consumer spending. The company has adjusted its annual revenue projections because of the troubling lack of progress in the nation's economic recovery.