In the past few years, social networks have become very big business indeed. Sites such as Facebook, Twitter, and LinkedIn are now some of the most frequently used services on the web, with millions of users the world over logging in daily to connect with friends, colleagues, and business associates. Their massive popularity has led to the establishment of a plethora of more specialized, niche networks designed to connect people who engage in shared activities. The advantages are obvious – they allow people to make contact with other people who are active in their chosen field, wherever they are in the world, and share their experiences and expertise. This can be particularly valuable for investors, as having the right information within reach can make all the difference between making a profit and a loss.
Category: Currency
Gold Hits $1,800
As gold topped a record $1800 on Wednesday, traders that are long gold [GCCV1 1751.50 -32.80 (-1.84%) ] began to get nervous that they were behind a trade that may not have any potential new buyers left. After all, a trade only keeps working if you can find someone else who wants that particularly security or commodity at a higher price.
First Investment in the Marijuana Industry
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Foreign Currency Brokers Come Under Fire
ompanies that allow home investors to trade foreign currencies are coming under fire as regulators consider whether to put more rules on the fast-growing but risky market.
Currency brokers allow ordinary Americans to speculate on the value of dollars, euros and yen, and have grown revenue 374% since 2007, drawing in 615,000 American traders, according to the Aite Group consulting firm.
The most intense recent criticism of these brokers came from a hedge fund manager who researches and invests in companies that cater to home investors.
Investors flee to gold
Stock-shocked investors are fleeing to gold, pushing the precious metal to new heights.
Gold reached a new intraday high of $1,782.50 per ounce in electronic trading before backing down to $1,746.20. That’s an increase of $33, or about 2%, compared to its Monday close. On Monday, gold broke $1,700 for the first time.
The current flight to gold has been by a nasty stock market plunge. On Monday, the Dow Jones industrial average plummeted 624 points, or about 5.5%, and the Nasdaq and S&P 500 dropped nearly 7%. It was the worst day on Wall Street since the 2008 fiscal crisis.