As of Friday a stunning 130 U.S. Banks have failed in the 2009 economic downturn. The recent string of Bank failures reached across the country specifically Ohio, Illinois, Virginia, and three Georgia Banks. Wall Street Grand LLC, a leading Investor newsletter in the small-cap arena, is pleased to share with the investment community and Wall Street Grand Club members market moving news gaining much attention from Wall Street. To learn more about market moving news make sure to visit our website wallstreetgrand.com where we focus on the new hottest stocks.
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The following Banks have been added to the “failure” list as of Friday December 4, 2009:
*AmTrust Bank in Cleveland
*Benchmark Bank in Aurora Ill
*Greater Atlantic Bank in Reston, Va
*Buckhead Community Bank in Atlanta, Ga
*First Security National Bank in Norcross, Ga
*The Tattnall Bank in Reisville, Ga
The Federal Deposit Insurance Corporation (FDIC) covers customer accounts in the case of such failures up to $250,000. Although each bank suffered financial stress causing them to fail in different manners, one thing they each had in common was a lack of capital. Some analysts say this stemmed from failed investments and poor loan losses. There is still three weeks left in the year as Wall Street watches closely how traders will react to the holiday end of year session. The big question Americans have been asking is how inflation will affect your pocket in the coming months?
Wall Street Grand has maintained a bullish attitude on Gold as investors witnessed a 5% increase of the precious metal last week. The Gold race is on as history repeats itself and World Banks attempt to purchase as much of the precious metals as possible. Wall Street Grand members have seen gains on Gold picks from 100% to 1000% this year from our free profiles. Club members have had access to some of the best gold plays with the most upside in the market. Gold is up over 23% in the last 11 months of this year and Wall Street analyst expect this trend to continue into 2010. Take a look at our recent gold picks along with the percentage gains for the Wall Street Grand Club Members.
DROOY- Alert Price: $3.31 Hit a new high of $10.59, up 220%
AGT- Alert Price: $0.12 Hit a recent high of $0.59, up 408%
JAG- Alert Price: $2.26 Hit a new high of $12.14, up 437%
SA- Alert Price: $8.90 Hit a new high of $31.99, up 259%
GRZ- Alert Price: $0.39 Hit a high of $1.25, up 221%
AZK- Alert Price: $1.73 Hit a high of $5.50, up 218% +
GORO- Alert Price: $2.24 Hit a high of $9.15, up 308%
CGLD- Alert Price: $0.31 Hit a high of $0.74, up 136%
GG- Alert Price: $24.22 Hit a new high of $43.41, up 80%
LVCA- Alert Price: $0.38 Hit a high of $1.49, up 292%
IVN- Alert Price: $4.17 Hit a high of $13.70, up 229%
GLW- Alert Price: $8.04 Hit a high of $17.20, up 114%
NEM- Alert Price: $28.79 Hit a high of $49.84, up 73%
BULM- Alert Price: $0.38 Hit a high of $0.97, up 150%
EGI- Alert Price: $1.70 Hit a high of $3.16, up 118%
WSG Average Gold Gain = 218%!
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Safe Harbor
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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Wall Street Grand's stock profiles are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. Never invest into a stock we discuss unless you are prepared to lose your entire investment. WSG has been previously compensated in the past for certain gold stocks mentioned in this press release. WSG may or may not trade the stocks mentioned in this alert which can affect the price of the stock. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. For our full disclosure please visit - http://www.wallstreetgrand.com/disclosure.html
