Wednesday, January 14, 2009

20090114 1405, Gold DZZ

DJIA 8,183.10 -265.46
NASDAQ 1,494.95 -51.51
SP500 840.82 -30.97. Here it is ... 850 S&P 500.
Volumes seem light to sustain the selling. When this turns up it could go fast and quickly force shorts to cover.

Gold is trading around 800/oz. While it could stabilize here, it could also easily test 750s.

DZZ 28.80 +0.78. Gold double short. Sold at 28.66.

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