Thursday, May 13, 2010

20100513 PM

Dow 10,782.95 -113.96
Nasdaq 2,394.36 -30.66
SP500 1,157.43 -14.24
30-yrBond 4.46% -0.12

Gold and the dollar have been roughly moving higher together. Dollar (USDX) is going for 89 soon while gold shows signs of faltering. Something is going to happen soon causing a pullback in the markets and a pullback in the metals. It could be that interest rates in the US are going higher. Gold in euro has ramped dramatically higher. Euro is below 1.26 vs. dollar, and euro is going for 1.15.
Sold some physical gold bullion today.
Oil at 73.93. If it closes below 73, it can quickly drop to low 60s.

GLD 120.56 -0.84
SLV 18.99 -0.13
PTM 20.75 -0.12

XLE 57.38 -0.37
XLF 15.76 -0.29

VXX 24.73 +0.65

AEM 63.95 -1.14
DGP 33.04 -0.40. Sold today at 32.92 for 3.63 per share gain.
EXK 4.00 -0.13. Sold this morning.

SY 64.22 +8.08 14.39%. Sybase bought out by SAP.

Consider for tomorrow:
GLL 39.23 +0.52. ProShares UltraShort Gold
DZZ 10.88 +0.14. PowerShares DB Gold Double Short ETN
ZSL 31.45 +0.42. ProShares UltraShort Silver
UUP 24.96 0.14. PowerShares DB US Dollar Index Bullish

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