Gold Market, Wind Power: Hot Trends

Updated from 8:48 a.m. EDT with recent hot search topics.

NEW YORK ( TheStreet) -- "Gold market" is a trending net search as gold prices tumbled on Tuesday.

Gold for June delivery was down $19.80 to $1,448.30 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,468.50 and as low as $1,445 while the spot gold price was slipping more than $15, according to Kitco's gold index.

On Monday, Goldman Sachs ( GS) issued a research note urging clients to take profits in commodities, saying high oil prices could start to eat into demand.


"Wind power" is a heavily searched topic after the American Wind Energy Association claimed America's wind power industry grew by 15% in 2010. According to the U.S. Wind Industry report released on Thursday, wind energy provided 26% of all new electric generating capacity in the United States last year.

"It's simple: Wind is affordable," AWEA Director of Data and Analysis and Chief Economist Elizabeth Salerno said. "It's costing less than ever, and competing with other sources thanks to improved turbines built for better performance without a big price tag."

The AWEA said that wind is becoming an "important player in the nation's energy sector."

"The American wind industry is delivering, despite competing with energy sectors that have permanent government subsidies in place," CEO Denise Bode said in a statement. "We remain on track to produce 20% of America's electricity by 2030 with wind, as laid out by the Department of Energy during the Bush Administration. We know wind is ready to deliver even more of our portfolio with clean, affordable, homegrown power."


"Fracking" is a hot Internet search as the drilling process of hydraulic fracturing continues to draw criticism. Through the process, millions of gallons of water are blasted deep into the earth to fracture dense shale and allow oil and natural gas to escape.

The Environmental Protection Agency has cracked down on the process, claiming that it could be dangerous to human health and aquatic life. The agency is planning to conduct a major national study to look into how fracking in a number of shale regions throughout the country may have already impacted drinking water.

The drilling industry continues to insist that fracking doesn't contaminate water. But opponents suggest that drilling could pollute aquifers, as methane gas could potentially seep into drilled wells and then migrate into drinking water wells.


"Nokia E6" is trending on Google ( GOOG) after Nokia ( NOK) announced the new Nokia E6 and the Nokia X7 smartphones.

The two devices are the first Nokia phones with the updated Symbian software. They have new icons and usability enhancements such as improved text input, a faster browser and refreshed Ovi Maps.

The Nokia E6, aimed at "business people," features a full QWERTY keypad and a 2.46-inch touchscreen display. Nokia claims its new E6 offers "exceptional battery life," as well as access to Microsoft Exchange, Microsoft Communicator Mobile and Microsoft SharePoint.


The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.

-- Written by Theresa McCabe in Boston.

>To contact the writer of this article, click here: Theresa McCabe.

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