Anyone who owns precious metals, mining shares or metals ETFs knows the drill.
First, gold and silver begin to establish an uptrend on the charts. Analysts (like us) start writing about how prices are getting ready to make an upside run.
Then out of nowhere thousands of highly margined futures contracts hit the market on the short side, re-painting the charts, sending terror into the hearts of stackers and those who believe in honest money.
The reality is that honest money is being manipulated for personal gain by dishonest traders, enabled by regulators who, to put it charitably, look the other way.
i m ann curry. and i m matt lauer. according to the latest estimates i ve seen, about 42 million of us are going to be traveling away from home on the whole day weekend. if you re among those masses heading out today or tomorrow you might want to leave yourself extra time because powerful storm systems are impacting conditions on the roads and potentially airports on both coasts. it s especially bad in the south where highways have been shut down due to widespread flooding. al is on the way, we ll get his forecast coming up straight ahead. actor hugh grant testifies in the british phone hacking inquiry and blasts the tabloid press claiming they menaced his family for years and even broke into his home. what s thanksgiving really like at martha stewart s house? matt, al, natalie and i accepted her invitation to find out. boy. stay tuned to are that, coming up. let s just say it was a good thing, she would say. we ve got a live concert out on the plaza from legendar
you did such a great job, all of you this morning. savannah, this is carole. sorry, we re having a moment. one more song! we wish you the very best for the whole day. thank you. and to all of you too, and all of you, too. we ll see you next week, you come back for another show? yes, i am. all right. she can do jazz man. today s professionals are back. they re back and full of opinions. we ll take an opinion on politicians going on the late night shows, we ll ask the question is this a good idea or does it sometimes backfire, and then the issue of how long does it take you to get ready? there are men, there are women, and then there s donny deutsch, who is in a category all his own. donny, star and nancy will be here. apparently it takes men longer to get ready and primp. donny, how long underneais uh the bus look? he has wonderful hair. jill martin is here with the often duplicated but never equal steals and deals from stylish men s coats to lu
silicon valley executives about what they need to bring more jobs back to this country. as silicon valley prepares for president obama s visit to the area, terry conley says high-tech executives will encourage mr. obama to do two things in order to grow the country s economy. i think they will tell him that they would like to be able to bring their overseas processes back to this country, rather than being forced to invest them overseas because of the tax regime that becomes a penalty to them with respect to the folks that they compete with around the world with the governments that do not tax them. second they would urge the president to find a way to articulate a positive vision of the future, that we re a big economy with a lot of resources and the president has taken a lot of heat lately because of the loans that have been made to clean energy companies in the valley. reporter: he is referring to the solar company solyndra. it went bankrupt after the government gave
it s 4:00 p.m. on wall street. do you know where your money is? welcome to the closing bell. i m michelle caruso-cabrera in for maria bartiromo. here s what we re following at the close. stocks selling off for a second straight day after disappointing economic data. stronger dollar and weakness in the technology sector led by a downgrade of the chipmakers. we are off the lows of the session, though. mortgage delinquencies hitting a record high during the third quarter and perhaps more troubling, 33% of all new foreclosures in the quarter came from prime loans. we have just heard from gap, they have reported 44 cents a share, that is right in line with expectations of $44. that is a slight beat. same-store sales were flat. gross margins 42.5%. they ve got three main brands. when it comes to the gap. you know the gap. also they ve got banana republic and old navy. both the gap and banana republic saw same-store sales down. to give you a sense of how much better things are fro