Do You Like Gold? Now, Here’s A New Way Trade It

Blue chips are higher while
the Nasdaq is flat Thursday.

Applied Materials
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beat by a penny as quarterly profit
rose, but the company said orders in the current period will be down 35%.

Intel CEO Craig Barrett said he expects better performance in the
first half of 2005.

Jobless claims for the week ending 11/13 fell
3000 to 334,000, matching forecasts; the 4-week moving average rose to 338,250.
The Conference Board’s index of leading economic indicators fell 0.3%, the fifth
straight monthly decline.

Does the rally have legs? That’s the question
trader’s are asking. The bulls say we are playing catch-up, and the bears say
watch out for slowing earnings next year.

The streetTRACKS Gold ETF (GLD) begins trading today, the first
commodity-based ETF. The price is 1/10 of that of gold. An oil ETF is in the
works, too.

The USDA said a second possible case of Mad Cow
disease was found in the US. Cattle were limit down. Definitive test results
will take 4-7 days.

You think you get lots of spam in your e-mail?
Microsoft CEO Steve Ballmer said that Bill Gates gets 4 million per day!

This day in history: In 1883, the railroads
created time zones.

Dow +18.48 10568.05
S&P 500 +0.23 1182.17
Nasdaq -1.76 2097.92

Strong sectors are: Airlines
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XAL.X |
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-1.31% Chemicals
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CEX.X |
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+1.19%, Oil
Services

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OSX.X |
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+0.58%.

Weak sectors are: Gold
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XAU.X |
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-1.74%, Brokers
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XBD.X |
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-0.38%, Insurance
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-0.35%.

The dollar is +0.41 at 83.70

Gold is -3.60 at 441.10

Crude Oil is -0.67 at 46.45

ce=”Arial” size=”2″ face=”Arial”>Volume is 653 million on the NYSE and
956 million on the Nasdaq.

Market breadth is negative.

NYSE Issues
Advancing 1429 Up Vol 287
Declining 1715 Down Vol 295
Ratio 1.20 1.02
Nasdaq
Advancing 1190 Up Vol 460
Declining 1726 Down Vol 432
Ratio 1.45 1.06

Stocks in the News

Medtronic
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missed by a penny
but gave a weaker forecast.

Intuit
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INTU |
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beat by 0.03 and guided lower.

Altria
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MO |
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was upgraded at Prudential to Overweight.

Google
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GOOG |
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issued cautionary S-1 statements.

Instinet
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INGP |
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is for sale, according to The New York Times,
and has retained UBS.

Limited
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LTD |
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was in-line, but profits were lower.

Brice Wightman