The moment that trading in Hong Kong opened on Tuesday morning, both gold and silver got bushwhacked. In all my years of watching the Kitco precious metals charts, there has never been a day like this in Far East trading…ever.

The airline industry has been one of the hardest hit by this summer’s run-up in crude oil prices.

British Airways (LON:BAY) CEO Willie Walsh says it’s “the worst trading environment the industry has ever faced.”

But crude oil’s retreat from its early-July peak has led investors back into the industry, says Martin Denholm in The Smart Profits Report.

And Martin’s colleague Marc Lichtenfeld has given potential investors two stocks to watch should the uptrend continue. Here’s more from Martin…

The airline industry is a mess. Things are so out of whack that one airliner, American Airlines, announced last week that it was going to charge for the baggage that passengers check.

Crude Hits $133; Time Warner Spins Off Cable Unit; Boeing Jettisons 750 Workers; UBS Sells Assets to BlackRock; American Airlines’ Desperate Moves; Moody’s Big Mistake; DOJ to Sue OPEC?; BOE Holds on Inflation Fears.

American Airlines (AMR:NYSE) canceled an additional 933 flights today to catch up on inspections and to repair questionable electrical wiring in hundreds of jets. This marks the third day of mass groundings.

Boeing Struggles to Get 787 Off Ground; Citigroup Sells $12 Billion in Loans; UPS Failing to Deliver; American Airlines Cancels 1,000 Flights; IBCB Expects 50% First-Quarter Profit Spike; Hershey Trust CEO to Retire; New Oil High; Wholesale Inventories Climb.