Sunday, January 31, 2010

20100129 Weekend

Dow 10,067.33 -53.13
Nasdaq 2,147.35 -31.65
SP500 1,073.87 -10.66. Fourth down week in a row.
10YrBond 3.6090% -0.4900
Oil 72.89 -1.00
Gold 1,083.00 -1.80

In two weeks, many stock prices are back to late September 2009. World market indices don't look good.

The mining/silver buy a few days ago was correct for that day, though early on a weekly basis as metals and miners continued to sell off. Monday may be the last chance to buy at these prices, for now. Look to buy physical silver for in-hand delivery on Monday, though keep some powder dry for later in the week.

XOM 64.43 -0.53. Chart indicates trouble ahead.
XLE 54.50 -1.00. Getting near a bounce ... maybe Tuesday.

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