Dow 10,270.47 +73.00. Resistance is 10,300.
Nasdaq 2,167.88 +18.86
SP500 1,093.48 +6.24
10-YrBond 3.43% -0.0170
GLD 109.77 +1.56
SLV 17.15 +0.23
PTM 17.30 +0.54
XLE 57.26 +0.35
XLF 14.70 +0.01
Gold looks to test 1130. After closing above 1000 for several weeks, the four-digit round number has been decisively overcome. The risk for shorts is that gold jumps higher to 1200 some night and then goes to 1300.
Platinum had a good week while silver again lagged gold.
Bonds were higher today and the dollar was lower. People are beginning to whisper about the possibility of a worldwide rolling currency crisis. A currency crisis could start in Eastern Europe and drag down the Western European banks that made housing loans in Eastern Europe. Australia, Norway, and Israel have recently raised rates and these may be safer paper currencies.
EXK 3.23 +0.12
FXP 7.59 -0.26
GENZ 49.28 -3.89. Below March 6 low on huge volume.
MMG 0.65 +0.06. Intraday 52 week high. 52 week range 0.11 - 0.80. While .80 may have been a bad tick, the .70s were traded.
NGD 4.10 +0.29
NXG 3.02 +0.08. Buy at 2.41.
RBY 4.26 +0.15
ROY 4.14 +0.10
SLW 15.23 +0.35
STT 40.52 -0.14. Potential short on a bounce.
TRE 3.45 -0.03
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