Monday, August 24, 2009

20090824 PM

Dow 9,509.28 +3.32
Nasdaq 2,017.98 -2.92
SP500 1,025.57 -0.56
30-yrBond 4.288% -0.071
Indices gapped up with lighter volume and closed mixed.

Important one-line Bloomberg article. The Federal Reserve must make public reports about recipients of emergency loans from U.S. taxpayers under programs created to address the financial crisis, a federal judge ruled. The Federal Reserve is a private banking cartel that was authorized by Congress in 1913 to set monetary policy. The Fed has limited oversight and has been making fiscal policy and providing loans that are contrary to the Fed's charter. It is time to allow for a full audit of the Fed.
A new Rasmussen Reports national telephone survey finds that 75% of Americans favor auditing the Federal Reserve and making the results available to the public.

GLD 92.34 -1.31
SLV 13.90 -0.02
PTM 14.94 -0.11

XLE 53.02 +0.67
XLF 14.43 -0.11

FXP 10.31 +0.18
RBY 3.099 +0.08

SLW 10.04 +0.13
TRE 2.92 +0

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