20100604 Weekend

Dow 9,931.97 -323.31 (3.15%)
Nasdaq 2,219.17 -83.86 (3.64%)
SP500 1,064.88 -37.95 (3.44%)
30-yrBond 4.12% -1.69

Jobs report was poor. Indices gapped down, stabilized for an hour, then selling resumed and closed at the lows. The selling was with volume.
Dollar was up strongly into 88s. Euro reached a four year low.
Gold was down in the morning and closed higher. Gold buyers continue to step in when their is price weakness. Considering how other commodities are lower and the dollar is higher, gold is holding up relatively well. Gold is marking time to potentially spike higher on further shocks to global economics (financial, European, military). A close above 1224 should scare any remaining retail shorts.
Other precious metals and oil were down. Silver was down 1.06 from last Friday.

GLD 119.19 +1.23
SLV 17.05 -0.59
PTM 17.98 -0.37

XLE 51.55 -1.88
XLF 14.15 -0.59

VXX 31.29 +2.89 (10.18%)

SPXU 36.53 +3.31 (9.96%)

Ideas for watch lists:
HL 5.02 -0.29 (5.46%). Mines several metals, though mainly silver. Aggressive miner play.
PAAS 24.07 -1.37 (5.39%). 2/3 silver production, with 1/3 of gold production. Higher risk long for move higher in next couple weeks.
SWC 11.49 -1.33 (10.37). Consider this as aggressive play on miners.

ECPG 9.19 -1.30 (6.34%). Encore Capital Group. Debt collection.