Sunday, April 24, 2011

20110421 Weekend

Dow 12,505.99 +52.45
Nasdaq 2,820.16 +17.65
SP500 1,337.38 +7.02
10YrBond 3.40% +0.00
Oil 112.29 +0.84. Cost push inflation will work through the economy, squeezing margins and then squeezing consumers.

GLD 146.74 +0.24
SLV 45.535 +1.414
PTM 21.32 +0.2199

XLE 78.98 +0.36
XLF 16.10 +0.09
VXX 24.88 -0.77

Short trading week.
The dollar tested 73 and closed down at 74.06. The dollar is sick, though due for a bounce.
May silver contract closed at 46.06. Highest close since 1980. After hours silver continued higher to 46.61.
Gold up 6.50 to close at 1,503.20.
Miners were again outpaced by the metals, with some miners closing in the red.

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