Bulletin Investor AlertSign inBecome a MarketWatch member...

Bulletin
Investor AlertSign in
Become a MarketWatch member today
Front PageNews ViewerCommentaryMarketsInvestingPersonal FinanceCommunityGamesFirst TakeNewslettersTrading StrategiesThe Guru's Corner

May 5, 2011, 12:01 a.m. EDT

Silver pullback is a buying opportunity
Commentary: Silver?s slippery slopeStories You Might Like


You might like:
Soros sells gold, silver investments: report
Silver settles 7.5% lower, gold loses 1.6%
Silver, gold hit by report of Soros selling
Oil futures ease in Asian trading

JUPITER, Fla. (MarketWatch) ? How quickly the glorious springtime of silver turns into a winter of discontent. The selloff in silver saw the metal recently drop 20% from its highs, and we probably aren?t done yet.

? Relive May 6, 2010, 'flash crash' in real time 144391 But how low will silver /quotes/comstock/21e!f1:si\n11 SIN11 -2.13% go?

Here are some forces that I?m watching:

Bearish forces
?The Chicago Mercantile Exchange raised margin requirements on silver futures four times in two weeks. While margin requirements must go up when prices go up, four times in two weeks sure is grist for those who say the big banks are short silver and will do anything to derail silver?s bull run.

?Disappointment over silver?s failure to breach the psychologically important $50 level last week is also a factor. The hot money is moving on to other things for now. This leads to a correction, a normal and necessary part of any bull market.

?And then there?s simple profit taking ? many people bought silver at much lower levels and so they?re locking in gains. Certainly big funds run by George Soros and others are doing just that. And you know what, I told my subscribers to do that, too, because there?s nothing wrong with taking profits. Silver, gold hit by report of Soros selling.

Bullish forces
Those short-term bearish forces, though, overlay these longer-term, bullish forces:

?Industrial demand for silver is enormous. Nearly 75% of the world?s silver supply is used to make everything from chemical reagents to jewelry to solar panels to plasma TVs. And with the global economy expected to grow by 4.5% this year, according to the International Monetary Fund?s latest figures, that industrial demand for silver is only going to increase.

?The decline in the U.S. dollar is threatening to turn into a collapse. The buck recently touched its lowest level against the euro since December 2009, and the U.S. Dollar Index /quotes/comstock/11j!i:dxy0 DXY -0.26% was recently off 7.5% just in 2011. For a currency, that?s a huge move! Since silver ? as well as gold and other commodities ? are priced in dollars, they generally move opposite to the greenback. It?s what I call the ?seesaw of pain? ? somebody?s always getting hurt.

?Mine supply of silver is tight. While silver fabrication demand grew by 12.8% last year, silver mine production rose by only 2.5%, and mine supply accounts for 70% of all silver supply, according to GFMS. It?s hard for miners to crank up silver production because two-third of silver produced by mines is as a byproduct to other metals. Mine supply IS expected to rise this year, but it will be hard-pressed to keep up with the expected rise in demand.

The fundamental fact is that, despite the recent correction, both gold and silver are in big bull markets. Until that changes, pullbacks and corrections are buying opportunities.

?China syndrome?
The big bullish story in silver is just one aspect of the demand shift we?re seeing to China and other emerging markets. China used to be a major seller of silver supply into the global market; now it?s an importer. And it?s importing more and more commodities of all types. China has a huge and growing middle class who want all the things that big, fat Americans want ? more food, cars, clothes and jewelry, TVs and other electronics.

Click to Play Alternatives to gold and silverAs gold and silver tank, assets besides commodities can hedge against inflation, according to David Goerz of HighMark Capital Management, who recommends high-quality dividend-paying stocks as well as small caps.
And it?s not just China. According to Goldman Sachs, 70 million people worldwide are joining the world?s middle class each year. In 20 years the middle class will add another 2 billion people, most of them from emerging markets. Many of these nations have a cultural affinity for gold and silver.

So yes, we are seeing some air whoosh out of silver?s bubble. But I don?t think we?ve seen the real mania in silver yet. That doesn?t mean the metal can?t go lower. If the U.S. dollar rallies, that will likely trigger another leg down in silver. If the global economy slumps ? and there?s the potential for that due to stubbornly high oil prices ? that could knock silver lower as well.

If you want to short silver in the face of strong demand ? like the 1.3 billion Chinese who seem ready to buy silver on the dips, or the billion people in India ready to do the same thing ? good luck to you. I think you?ll need it.

As for me, I?m waiting for this silver correction to run its course, then I?ll buy again. A 50% retracement of gold?s recent bull run looks like a likely target, and a good place to re-enter the iShares Silver Trust /quotes/comstock/13*!slv/quotes/nls/slv SLV -0.66% , Silver Wheaton /quotes/comstock/13*!slw/quotes/nls/slw SLW -0.71% and other silver bellwethers.

Good luck and good trades.

Sean Brodrick is a natural resource analyst for Uncommon Wisdom Daily , the editor of Crisis Profit Hunter and the author of the book , ? The Ultimate Suburban Survivalist Guide .?
/quotes/comstock/21e!f1:si\n11 Add SIN11 to portfolio SIN11 SILVER 5000 JUL1 3,547.00 ? -77.00 -2.13% Volume: 7,044May 5, 2011
/quotes/comstock/11j!i:dxy0 Add DXY to portfolio DXY US Dollar Index Future - Spot Price 74.00 -0.19 -0.26% Volume: 0.00May 5, 2011
/quotes/comstock/13*!slv/quotes/nls/slv Add SLV to portfolio SLV iShares Silver Trust ETF $ 33.50 -0.22 -0.66% Volume: 291.83mMay 5, 2011
/quotes/comstock/13*!slw/quotes/nls/slw Add SLW to portfolio SLW Silver Wheaton Corp. $ 34.90 -0.25 -0.71% Volume: 26.20mMay 5, 2011

Add Comment ? ? Recommend (13) ? Post:
Alert Email Print Suggested stories


You might like:
Howard Gold's No-Nonsense Investing: Silver fever is about to break,? (MarketWatch.com)
Silver, gold hit by report of Soros selling (MarketWatch.com)
Oil futures ease in Asian trading (MarketWatch.com)
Gold ends lower, silver off 9.7% before settlement (MarketWatch.com)
Commodities Corner: Silver mania may come to an abrupt end (MarketWatch.com)
Silver settles 7.5% lower, gold loses 1.6% (MarketWatch.com)


From Around the Web
Content from Sponsors What's this?

Selected for you by our sponsor:
The surprising cost of working freelance (BankRate.com)
Park your money where it can't get dinged (BankRate.com)
How to Stop Memory Loss (Lifescript.com)
True or False: A woman is born with all the eggs she'll ever have? (Pregnancy Health Guru)
Fight Arthritis: 10 Foods That Help and Hurt (Lifescript.com)
[what's this]Comments Screener(Oldest on top)
? ? ? ?
2
3
4
5
6
? ?
? ? Comments (269) Community Commons
Jolux-III 6 hours ago+4 Votes Request sentNever accept what you hear or read at face value. Instead look for hidden agendas and self serving reasons that could have generated the articles no matter what paper or media published the information. Try to read between the lines and formulate your own judgment. Often people use the media to promote their stock and influence public opinion. Reply Link Track Replies Report Abuse Goppeldanger 6 hours ago+3 Votes Request sentAnyone else getting 'page leap' today on here today...as in, it keeps jumping back to the top? Reply Link Track Replies Report Abuse BayviewMortgageInc 4 hours ago+2 Votes Request sentso the writer of this story hasn't sold all his silver yet. so everyone buy so he can sell! Reply Link Track Replies Report Abuse Serapis 4 hours ago+1 Vote Request sentConsidering depreciation of the dollar over time is right up there with death and taxes in terms of sure things, I'd say buying metals is a pretty sure thing so long as your time horizon is long enough. If you max out your credit cards to buy silver, no, probably not a good idea. If however, you divert some retirement money into physical silver, probably a good idea. In 20 or 30 years today's drop in silver will not even be a distant memory. Reply Link Track Replies Report Abuse AmericanPatriot 4 hours ago+1 Vote Request sentHow'd that work out for those who bought silver in January 1980 at $50 an ounce with a long time horizon? Silver plunged 90% in price all the way down to $4 per ounce by 2001 and is now around $15 per ounce below its January 1980 high.

Reply Link Track Replies Report Abuse AmericanPatriot 4 hours ago+1 Vote Request sent"Might this be time to buy silver?"

Nope. This is the time to BYE silver!


Reply Link Track Replies Report Abuse darkseid 3 hours ago+1 Vote Request sentTime to say BYE to that SLV ETF and speculators and BUY real silver. Premiums for the coins and bars have tripled while ETFs are below spot price and are becoming more lower than the spot price because people are now dicovering they don't have the actual metals to cover the shorts against these tools of speculation. I say good riddance to these speculators and let the REAL silver buyers grow in numbers.
$4 an ounce? I miss those days and that is wishful thinking but even with that, I still won't be able to buy a coin because they will sell out quickly. Reply Link Track Replies Report Abuse AmericanPatriot 3 hours ago+1 Vote Request sentYour "physical" silver just has a time lag in price adjustment to the actual spot price set by the markets. Anyone paying more than 5% over spot for "physical" silver is setting themselves up for huge percentage losses now and as silver continues its huge plunges ahead as it reverts to its mean of $8 per ounce.

Link Report Abuse TerryC. 25 minutes ago0 Votes Request sent"silver continues its huge plunges ahead as it reverts to its mean of $8 per ounce."

Before that occurs, the dollar will be worth zero, its intrinsic value. The U.S. will default on its debt in 2 to 5 years taking the dollar out with it. If another QE should occur, the dollar may be toast within a year. Either way, the dollars days are numbered. Link Report Abuse aglet 3 hours ago+2 Votes Request sentlove listening to the "know it all" extremists on this site - $8/oz ...........800$/oz who cares? - I think I'll just continue to stay diversified, sell on the peaks, and buy on the dips. I've been playing with "house" money for years that way. Reply Link Track Replies Report Abuse wallsttrader 2 hours ago0 Votes Request sentIN market once you get the price action in either direction that feels very strong one just has to ride it with a tight stop loss and elevate it slowly.The biggest enemy is not to place the stop loss.Even if you are wrong the worst is you will be bailed out the best is not for me to say.ITS SIMPLE rest everything is commentary........Selling too early is another enemy.You dont do this for every stocks but stocks that are inflating or deflating Reply Link Track Replies Report Abuse Nickoo 3 hours ago+3 Votes Request sentArticles like this are the reason I can no longer take this site seriously. I might as well turn on CNBC and complete the transfer of my wealth to wall street. Reply Link Track Replies Report Abuse chalannnnn 3 hours ago+2 Votes Request sentI posted yesterday that today was the reversal on SLV ETF And SLV just kept getting cheaper and cheaper, a couple of things worked against my prediction, the technical bounce on the dollar temporary but enough to push silver lower, the increase of margins requirements and the continue drop of gold and other commodities along with still very heavy sellers, so I realize PMs are getting hated about know yet no more prediction from me on SLV. Too wild to call............


Reply Link Track Replies Report Abuse Geary0Aldrich 2 hours ago+1 Vote Request sentI never predict any change in any equity. I rode silver up with a stop in place. I am riding it down the same way. Gains in the last seven weeks are 150% It is always better to react to the price movements, than to predict the future. Reply Link Track Replies Report Abuse dkaka 3 hours ago+2 Votes Request sentsilver is a poor person's metal--after this week people on margin are a lot poorer Reply Link Track Replies Report Abuse AmericanPatriot 2 hours ago+1 Vote Request sentA lot of the players on the commodities markets using margins now have 100% or greater wipeouts of their money.

Reply Link Track Replies Report Abuse William 3 hours ago+2 Votes Request sentThe price of silver dropped 11% just today. Anyone buying it in paper or physical form is playing with fire. It looks to drop almost to $30, at least.

The silver price was a panic on the way up, and now it is a panic on the way down. Proves one thing, that silver is not a safe investment. Reply Link Track Replies Report Abuse AmericanPatriot 2 hours ago+1 Vote Request sentSilver has long been a dangerous and extremely volatile speculative game and hasn't been any sort of an "investment" for around 40 years.

Reply Link Track Replies Report Abuse AKelller 2 hours ago+1 Vote Request sentI'm laughing at all those people who told me to only hold physical. I rode SLV up for months, and sold very quickly when I realized this was turning into a rout. Meanwhile, those still in physical are slow to react to market moves.

There's a time and place for physical. We weren't there yet. Reply Link Track Replies Report Abuse Geary0Aldrich 2 hours ago0 Votes Request sentI agree, You need to be able to sell in seconds, not days. I like SIVR and PSLV. Link Report Abuse namedisplay 2 hours ago+2 Votes Request sentAnd look how easy it was to get out of your "paper" holdings. There's a liquid market for physical silver, but from the time you decide to sell to the time you actually get your money, there may not be that much money left to get. It's liquid alright, liquid to the point of dilution.

And ya' notice how people just can't wait to trade in all of that priceless silver for worthless ole' dollars? People are scared now. Where do you think all of that capitol is going to go? Reply Link Track Replies Report Abuse BABYBOOMER1946 2 hours ago+1 Vote Request sentwould be nice to know who,among all the commentators, is wealthy enough to be taken seriously Reply Link Track Replies Report Abuse Longshorn 2 hours ago0 Votes Request sentNot sure, but I'm 17k wealthier after closing out my ZSL I bought Friday. Doubt silver goes much lower, especially as shorts close out positions before the weekend. I bought ZSL at the bottom, didn't sell at the top today (got stopped out with a tight stop), but I can sleep tonight! Lots of wealthy people I know get out "too early", no doubt those who sold out of SLV at 44 missed the last 10%, but aren't too disappointed nonetheless. Reply Link Track Replies Report Abuse wallsttrader 2 hours ago0 Votes Request sentI did the same thing only much bigger Link Report Abuse wallsttrader 1 hour ago0 Votes Request sentNever listen to CNBC Experts or Newsletter or Marketwatch for expert opinions.Listen to CNBC in MUTE MODE.Recent studies reveal experts are wrong a staggering 95.5% in market predictions.Permabulls have a stake in their investment so they keep saying buy buy buy to the innocent masses while permabears get most of their money from speech and seminars so they keep saying sell sell or they work with Hedge funds who are short the market.Buyer Beware Reply Link Track Replies Report Abuse ? ? ? ?
2
3
4
5
6
? ?
? ? Add a Comment
Enter reply here Log in or sign up to join the discussion?it's free!

Log In | Sign Up
MarketWatch Community:
Discover. Share. Organize.
Post to Facebook | Track Responses
Add Cancel Breaking Insight
?Cisco streamlining a move in right direction
?Why I shorted gold and silver earlier this week
?A brief spring for retailers?
?Dear Bernanke: An apology from inflation hawks
?Despite uproar, consumers give up privacy
Most Popular
Most read
Most commented 1.9 stocks up over 900% since Sept. 11, 2001
2.U.S. stocks drop on growth concerns
3.Silver pullback is a buying opportunity
4.Oil slides 8.6% on demand fears, metals selloff
5.Gold, silver plunge on new margin increases
Fed and bombshells: You make the call U.S. stocks drop on growth concerns Oil slides 8.6% on demand fears, metals selloff Gold, silver plunge on new margin increases Silver pullback is a buying opportunity
Find a Broker Partner Center ?
MarketWatch's Latest Tweets
"Hong Kong stocks open with losses, as resource shares drop; Hang Seng Index down 0.9% http://on.mktw.net/le2Tts"
8:34 p.m. EDT, May 5, 2011 from MarketWatch

"Japan stocks open sharply lower after long holiday; Nikkei Average down 1.4% http://on.mktw.net/l6voHU"
7:04 p.m. EDT, May 5, 2011 from MarketWatch

"Dear Bernanke, you were right when you said commodity price impact on inflation would be ?transitory.? http://bit.ly/kXAw2t"
4:49 p.m. EDT, May 5, 2011 from MarketWatch

"What U.S. budget cuts may mean for the markets http://bit.ly/j8LUN9"
4:01 p.m. EDT, May 5, 2011 from MarketWatch

"Dow industrials tumble 139 points as commodities suffer worst day since 2009 http://on.mktw.net/jvOKL7"
3:06 p.m. EDT, May 5, 2011 from MarketWatch
Featured Commentary ?
Next: Chuck Jaffe

Chuck Jaffe

Mutual Funds
Stock trading snafu should worry investors
Next: Therese Poletti's Tech Tales

Therese Poletti

Tech Tales
Let the clicker beware in the digital age
Next: Jeff Reeves

Jeff Reeves

Strength in Numbers
9 stocks up over 900% since Sept. 11, 2001
Next: Peter Brimelow

Peter Brimelow

Wall Street Irregulars
Market-manipulation mutterings intensify
Next: Kathleen Madigan

Kathleen Madigan

The Big Picture
April jobs numbers likely to be soft
Next: John Shinal's Tech Investor

John Shinal

Tech Investor
Apple will miss Steve Jobs?s guts
Next: Darrell Delamaide's Political Capital

Darrell Delamaide

Political Capital
The curious case of Donald Trump
Next: Kristen Gerencher's Vital Signs

Kristen Gerencher

Vital Signs
Overactive bladder treatments multiply
Next: Amy Hoak's Home Economics

Amy Hoak

Home Economics
Six tips to finding the best deals on rent
Next: Jon Friedman's Media Web

Jon Friedman

Media Web
Erin Burnett is America?s sweetheart
Next: Robert Powell's Your Portfolio

Robert Powell

Your Portfolio
Cracks in the market give reason to worry
Next: Mark Hulbert

Mark Hulbert

On the Markets
Funny thing happened on way to bank
More

BigCharts Virtual Stock Exchange WSJ Asia WSJ Europe WSJ Portuguese WSJ Spanish WSJ Chinese WSJ JapaneseWSJ RadioFinancial NewsWSJ LIFESTYLE BRANDSWSJwine
SEARCH
10:09 PM EDTMay 5, 2011
/marketstate/country/us
New York
Closed/marketstate/country/uk
London
Closed/marketstate/country/jp
Tokyo
Closed/marketstate/country/us
/marketstate/country/uk
/marketstate/country/jp
View All Latest News
/news/latest
8c077dc4-5ad2-4f73-b9c3-a381c5fece05:30954005/05Japan's Nikkei Average ends morning down 1.8%

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:30953910:07pAustralian dollar rises 0.9% to $1.0711

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095369:49pBREAKING

Australia central bank tips more tightening ahead

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095319:45pHong Kong hit again by resources, but airlines up

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095309:34pRBA: further tightening likely to be required

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095299:33pBREAKING

Hong Kong's Hang Seng Index down 1% pre-market

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095289:33pBREAKING

Hong Kong's Hang Seng Index down 1% pre-market

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095279:32pRBA sees headline inflation over 3% in 2011

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095259:31pHong Kong H shares fall 0.6% in initial trading

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095249:31pHang Seng Index down 0.9% in opening minutes

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095269:31pShanghai Composite drops 1.3% in early minutes

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095239:30pRBA: medium term economic outlook is positive

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095229:13pFor investors, risk and return are tied at the gut

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095219:08pVisa profit up 23%; new buyback unveiled

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095209:05pMexican stocks fall after U.S. jobs report

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095168:46pNymex crude at $100.48 vs. $99.80 late Thursday

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095158:45pOil futures edging back up in early Asia trade

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095188:16pBREAKING

Japanese stocks plunge on strong yen, weak oil

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095333:42pWhy I shorted gold and silver earlier this week

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:30953811:44aProfiting from the popping of the gold and silver bubbles

8c077dc4-5ad2-4f73-b9c3-a381c5fece05:3095351:15aIPOs are for idiots

Loading more headlines...
dow
/quotes/comstock/10w!i:dji/delayed
12,583.26-140.32
-1.10%nasdaq
/quotes/comstock/10y!i:comp
2,814.72-13.51
-0.48%s&p 500
/quotes/comstock/21z!i1:in\x
1,335.10-12.22
-0.91%China Outlook
12990780000001299078000000Soccer
The Yanks are buying
One-fourth of the English Premiership soccer league is in U.S. hands, and the risk-reward profile remains attractive.
? Fenway group maps Liverpool rebound 144262
12475512000001247601600000Bank Reform
The Dawdle-Frank Act
Regulators have missed dozens of deadlines set in the Dodd-Frank Act for adopting key bank reform rules, with more cut-off dates likely to be ignored.144351
12409488000001240948800000Remembering the 'Flash Crash'
'Flash crash' as it happened
Coverage of the May 6, 2010, market plunge won our radio team a National Headliner Award. Relive the day.
? MarketWatch Radio Network 144377
12421152000001273651200000MarketWatch Blogs
Gold short pans out
Cody Willard details well-timed decision ? a Revolution Investing ($) tip early this week ? to bet against gold, silver ETFs.
? Kurt Brouwer's Fundmastery blog/conga/kiosk/blogs.html 144359
1300190400000
1301490000000
China Outlook

China bulls vs. bears
Some analysts say the gloomy consensus outlook is too negative.
? Hurdles ahead for China
? 'Severe' risk for Chinese real estate 143973 13034895000001304180760000Fantasy Earnings Trader
In it to win it?
Match wits with market professionals; MarketWatch columnists, editors and reporters; and your fellow readers. Winner gets an Apple iPad 2.143117
12583980000001258398000000Kentucky Derby
Dialed In is Derby favorite
The winner of the Florida Derby, Dialed In (left), gets installed as the 4-1 early-line favorite in 2011's run for the roses. The second choice in the race is Uncle Mo./conga/kiosk/leisure.html 144397
MarketWatch.com Site Index
Topics
Help
Feedback
Newsroom Roster
Media Archive
Premium Products
Mobile
Podcasts
RSS
MarketWatch on Facebook
MarketWatch on Twitter
Company Info
Code of Conduct
Corrections
Advertising Media Kit
Advertise Locally
License our Content

WSJ.com
Barron's Online
BigCharts
Virtual Stock Exchange
All Things Digital
MarketWatch Community
Financial News Online
WSJ.com Small Business
FINS: Finance, IT jobs, Sales jobs

Copyright ? 2011 MarketWatch, Inc. All rights reserved.
By using this site, you agree to the Terms of Service and Privacy Policy.
Intraday Data provided by Thomson Reuters and subject to terms of use. Historical and current end-of-day data provided by Thomson Reuters. Intraday data delayed per exchange requirements. Dow Jones Indexes (SM) from Dow Jones & Company, Inc. All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More information on NASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Dow Jones Indexes(SM) from Dow Jones & Company, Inc. SEHK intraday data is provided by Comstock and is at least 60-minutes delayed. All quotes are in local exchange time.
MarketsMarkets
Data is loading...QuotesQuotes
Data is loading...My PortfolioMy Portfolio
Data is loading...My AlertsMy Alerts
Data is loading...CommunityCommunity
HOT PICKS
MY PICKS
MY GROUPS Data is loading...ALERT:
MarketWatch Top Stories
Link to MarketWatch's Slice. 15
Email address or display name

Password

Remember me
Forgot password?

The action you requested requires a MarketWatch Community display name.Sign In
Email address or display name

Password

Remember me
Forgot password?
Community

Get your FREE membership now ? MarketWatch Community is a free service that lets you discover, organize and share MarketWatch stories with other readers.
Learn More ?

The action you requested is only available to MarketWatch members.
Please sign in or register.Sign In
Email address or display name

Password

Remember me
Forgot password?
Register
Don't have a MarketWatch account?

Get your FREE membership now ?

By registering, you are agreeing to MarketWatch's Terms of Service and to receiving periodic news and special offers via email about MarketWatch enhancements, products and services.