Tuesday, November 03, 2009

20091103 PM

Dow 9,771.91 -17.53
Nasdaq 2,057.32 +8.12
SP500 1,045.41 +2.53
30-yrBond 4.337% +0.069

Dollar higher and metals spiked higher. Gold made all time high after news of India buying 200 metic tons of gold from IMF. The surprise was not that IMF is selling (as that was known), as it wasn't China buying. The question is when will China buy?

Fed's FOMC announcement tomorrow at 2:15PM.

GLD 106.46 +2.51. Any time a commodity breaks to all time highs, there is a chance of spectacularly higher prices. The time may not be now, though the time will come.
SLV 17.00 +0.84
PTM 16.32 +0.25

XLE 56.32 +0.72
XLF 14.208 +0.038

ANO 0.80 +0.05
RBY 4.32 +0.22

CNSL 13.82 +0.17
EXK 2.99 +0.24

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