Sunday, December 19, 2010

20101217 Weekend

Dow 11,491.91 -7.34
Nasdaq 2,642.97 +5.66
SP500 1,243.91 +1.04
30-yrBond 4.4090% -0.1730

Mixed week on light volume before Christmas.

Dollar is at 80.36. Consider a long trade for the rest of the year into 82.2.

Longer Treasury bonds melted own on Tuesday and Wednesday, with a stick-save rally on Friday. This bounce will likely be shorted.

Copper is controlled 75% by one private speculator in South America. Could be a triple top forming.

Precious metals remain strong.
GLD 134.20 +0.39
SLV 28.51 +0.23
PTM 20.10 +0.05

XLE 65.89 +0.02
XLF 15.53 +0.09. Wikileaks has let us know the banks are insolvent, not just illiquid.
BANKING CRISIS NOW ONE OF SOLVENCY NOT LIQUIDITY SAYS BANK OF ENGLAND GOVERNOR

ANO 1.33 +0.12 (9.92%). Sharp move higher in last ten minutes.
GNCMA 13.37 +0.45. Another 52 week high. 52 week range 5.21 - 13.95.
SAEI .10. Trading suspended. 52 week range 0.03 - 0.93. Froth and fraud in the small gold exploration companies.

TLT 93.24 +1.67. iShares Barclays 20+ Year Treas Bond.
TBF 44.69 -0.85. ProShares Short 20+ Year Treasury.
TBT 38.13 -1.50. ProShares UltraShort 20+ Year Treasury.

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