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Long liquidation, much of which was profit taking and margin-call selling, hit the gold market in late-morning dealings.
FORBES: Comex Hits Another All-Time High Early On, Then Backs Off Sharply on Long Liquidation
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Also, much of the margin-call-related selling pressure in gold and silver has now likely already occurred, which eliminated a big, bearish factor in the metals.
FORBES: Comex Gold Ends Solidly Higher on Bargain Hunting, Weaker U.S. Dollar Index, Higher Crude Oil Prices
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Also, much of the margin-call-related selling pressure in gold and silver has now likely already occurred, which eliminates a big bearish factor in the metals.
FORBES: Comex Gold, Silver Sharply Higher on Bargain Hunting, Weaker U.S. Dollar Index, Higher Crude Oil
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Most appear resigned to the gradual loss of high-margin switched-call revenues and are gambling that it is better to cannibalise your own revenues than to watch others do it for you.
ECONOMIST: Internet telephony
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Will Herbalife go to zero - OR force a huge Pershing Capital margin call?
FORBES: The Most Interesting Investment Questions For 2013
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On its post-earnings conference call, OmniVision said the weaker gross margin in the April quarter reflects the impact of a decrease in sales of previously written down inventory and an increase in inventory valuation allowances.
FORBES: OmniVision Shares Crushed After Fiscal Q4 Earnings Report
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Continued ETF liquidation and margin call selling makes it difficult to see a bottom in the near-term.
FORBES: Violent And Panicky Gold Selling Collapse Bullion And Commodity Markets
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One potential problem brought up on the call: Many other players in the pharmaceutical benefits field are also in the higher-margin business of distributing injectable drugs as well as pills.
FORBES: Magazine Article
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The Hawks held that margin and had the ball with 22 seconds left, but the Knicks benefited from a questionable offensive-foul call on Atlanta's Smith that gave them the ball for Anthony's game-winning shot, wrapping up his fourth 40-point game of the season and his 29th straight game over 20 points, tying a franchise record.
WSJ: Who Needs to Play Defense?