Wednesday, April 20, 2011

20110420 PM

Dow 12,453.54 +186.79
Nasdaq 2,802.51 +57.54
SP500 1,330.36 +17.74
30-yrBond 4.4540% +0.0270

Precious metals higher. Silver made large percentage gain to close at 44.5. The intraday high in 1980 was 49.45.
Oil fractionally higher.
Dollar collapsed and is at 74.35 after hours. Look for a $1 bounce that will force later-comer commodity longs to sell.

GLD 146.5 +0.57
SLV 44.12 +1.12
PTM 21.10 +0.36

XLE 78.62 +1.81
XLF 16.01 +0.04
VXX 25.65 -1.12. Complacency.

Continuous Commodity Index closed at an all time high.









SLW 41.7 -1.17. Miner with relative weakness.

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