Sunday, April 03, 2011

20110401 Weekend

Dow 12,376.72 +56.99
Nasdaq 2,789.60 +8.53
SP500 1,332.41 +6.58
30-yrBond 4.49% -0.02

Dollar closed down at 75.82. Metals and commodities higher.
Silver closed at 37.83 with very strong price action into the close. Resistance at 38. Next week look for 38.18 with 39.30 being a "stretch" target price.
Oil higher at 108.31.
Housing price crash continues.
The Federal Reserve bailed out Libya's central bank for $35 billion in 2009 and 2010. In 2011 Libya suddenly became an enemy. This makes no sense and the Federal Reserve is a fraud on the American people.
Michael Santoli, in the March 26 Barron's, chooses to use a disparaging quote about metals, "... this suggests that the precious-metals rally is poised to enter a new phase, one featuring broad public interest in owning soft, shiny, not terribly useful metals." Will Santoli quote anyone calling dollars "green filthy paper coupons"?

GLD 139.20 -0.66
SLV 36.86 +0.09
PTM 20.82 +0.07

XLE 79.99 +0.24
XLF 16.53 +0.14
VXX 29.09 -0.28

CELM 2.91. Chinese stock implosion.







AAPL 344.56 -3.95. Surprisingly weak price action on Friday.







EXK 9.75 -0.07. 52 week range 3.07 - 10.33. Endeavor created two videos about mining silver.

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