Dow 11,382.09 +19.68
Nasdaq 2,591.46 +12.11
SP500 1,224.71 +3.18
30-yrBond 4.31% +0.05
Strong week for commodities. Silver took out 30-year highs. Gold had first ever weekly close above 1400. Oil was also higher and closed at 89.44, which will put cost-push price rises into the supply chain.
Sold silver the long and looking to move those funds into small miners, which I expect to outperform.
Federal Reserve released details of lending operations which included foreign companies like BMW and domestic non-financial companies like Harley-Davidson. This shows the Federal Reserve is the world's banker of last resort. The Federal Reserve has become the driving force of the economy.
With the Fed bailout details coming to light, people are becoming more aware of currency debasement which can lead to a crack-up boom. Flight into real goods (Flucht in die Sachwerte) or crack-up boom (Katastrophenhausse).
GLD 138.07 +2.87
SLV 28.60 +0.67
PTM 20.49 +0.11
XLE 65.82 +0.29
XLF 15.18 +0.05
ANO 1.35 -0.02. Average volume.
MDW 0.87 +0.10 (13.36%). 52 week range 0.38 - 1.04. Small miner that is outperforming. Big volume.
SLW 39.31 +1.02
TRE 6.72 +0.09
AGQ 144.57 +6.60 (4.78%). ProShares Ultra Silver. Tested spike on November 9. Taking profits after big run this week. Sold at 144.30 for ~15.86 per share gain.
SLV 28.60 +0.67. 52 week high. Big run this week. Exceeded November 9 spike with tepid volume.
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