Dow 12,004.36 +42.84
Nasdaq 2,616.48 -7.22
SP500 1,271.50 +3.86
10-YrBond 2.9440% +0.0035
GLD 149.94 +0.97
SLV 34.95 +0.30
PTM 20.54 -0.04
XLE 71.68 -0.44
XLF 14.89 +0.08
VXX 25.24 -0.50
Gold futures margins were lowered by CME. Silver futures margins were higher than gold and were not changed.
While many USA States have larger deficits than Greece, all eyes this week were on Greece. Alan Greenspan said, “The chances of Greece not defaulting are very small.”
RIMM 27.75 -7.58 (21.45%). Intraday 52 week low. Technically oversold. Fundamentally presented roadmap to use new operating system on handsets in a year.
Sunday, June 19, 2011
Wednesday, June 15, 2011
20110615 PM
Dow 11,897.27 -178.84
Nasdaq 2,631.46 -47.26
SP500 1,265.42 -22.45
10-YrBond 2.9730% -0.0126
GLD 149.12 +0.45
SLV 34.88 +0.21
PTM 20.81 -0.23
XLE 72.02 -1.69
XLF 14.73 -0.32
VXX 24.43 +1.91 (8.48%)
Dollar 75.53 +1.06. Big move higher on euro weakness.
Considering dramatic move higher in dollar, metals held up very well.
Consumer Price Index numbers were released today. Higher numbers surprised some people, while the lower and middle class workers and those on fixed incomes are well aware of higher prices for necessities.
The NY Empire State Manufacturing Survey numbers released today were poor and confirm an economic slowdown. Until the real issues are fixed (such as recognizing and defaulting debt), liquidity from the Fed only delays resolution of the problems.
Some market commentators are calling for stagflation. In February 2008 Ron Paul said he expects an "inflationary depression". For the average American, Ron Paul was right.
Nasdaq 2,631.46 -47.26
SP500 1,265.42 -22.45
10-YrBond 2.9730% -0.0126
GLD 149.12 +0.45
SLV 34.88 +0.21
PTM 20.81 -0.23
XLE 72.02 -1.69
XLF 14.73 -0.32
VXX 24.43 +1.91 (8.48%)
Dollar 75.53 +1.06. Big move higher on euro weakness.
Considering dramatic move higher in dollar, metals held up very well.
Consumer Price Index numbers were released today. Higher numbers surprised some people, while the lower and middle class workers and those on fixed incomes are well aware of higher prices for necessities.
The NY Empire State Manufacturing Survey numbers released today were poor and confirm an economic slowdown. Until the real issues are fixed (such as recognizing and defaulting debt), liquidity from the Fed only delays resolution of the problems.
Some market commentators are calling for stagflation. In February 2008 Ron Paul said he expects an "inflationary depression". For the average American, Ron Paul was right.
Monday, June 13, 2011
201106013 PM
Dow 11,952.97 +1.06. After last week, 12k is now resistance.
Nasdaq 2,639.69 -4.04
SP500 1,271.83 +0.85
10-YrBond 2.99% +0.00
GLD 147.77 -1.47
SLV 33.87 -1.38
PTM 21.11 -0.33
XLE 72.17 -1.16
XLF 14.98 +0.15
VXX 23.24 +0.38
DX-Y.NYB 74.58 +0.07. US Dollar Index Futures Cash.
CEF is still at a negative premium of 2.9% (the March 29 share offering that dropped the price). This could be time to buy at a discount, anticipating recovey of the historical 7% premium.
Kitco was raided by Canadian tax authorities:
The gold at Kitco is unallocated and thus can be attached by Canadian tax authorities. Anyone with paper unallocated metal, in any firm, should take delivery.
Zerohedge shows the Federal Reserve used QE2 to bail out insolvent foreign banks. The Federal Reserve, a private banking cartel, is obviously not working for the people of the USA. Has your Representative co-sponsored HR 459, The Audit the Fed Bill to the 112th Congress?
Nasdaq 2,639.69 -4.04
SP500 1,271.83 +0.85
10-YrBond 2.99% +0.00
GLD 147.77 -1.47
SLV 33.87 -1.38
PTM 21.11 -0.33
XLE 72.17 -1.16
XLF 14.98 +0.15
VXX 23.24 +0.38
DX-Y.NYB 74.58 +0.07. US Dollar Index Futures Cash.
CEF is still at a negative premium of 2.9% (the March 29 share offering that dropped the price). This could be time to buy at a discount, anticipating recovey of the historical 7% premium.
Kitco was raided by Canadian tax authorities:
The gold at Kitco is unallocated and thus can be attached by Canadian tax authorities. Anyone with paper unallocated metal, in any firm, should take delivery.
Zerohedge shows the Federal Reserve used QE2 to bail out insolvent foreign banks. The Federal Reserve, a private banking cartel, is obviously not working for the people of the USA. Has your Representative co-sponsored HR 459, The Audit the Fed Bill to the 112th Congress?
Monday, June 06, 2011
20110606 PM, JAG
Dow 12,089.96 -61.30
Nasdaq 2,702.56 -30.22
SP500 1,286.17 -13.99
10-YrBond 3.0020% +0.0050
Another down day tomorrow will set up a nice bounce.
DX-Y 74.01 +0.31. US Dollar Index Futures Cash
GLD 150.48 +0.26
SLV 35.71 +0.37
PTM 21.22 -0.09
XLE 73.56 -1.70
XLF 14.93 -0.29. 52 week range 13.29 - 17.20.
VXX 22.75 +0.38
JAG 4.64 -0.32 (6.45%). Jaguar Mining Inc Ordinary Shar. 52 week range 4.11 - 10.35. Setting up long-term buy.
Mining political risk:
California extends ban on gold prospectors.
Peru experienced political risk over the weekend (new President):
SCCO 30.86 -3.86 (11.12%). Southern Copper Corp. Huge downside volume to close at lows of day. 52 week range 25.65 - 50.35.
PAAS 30.79 1.57 (4.85%). Pan American Silver Corp. After initial gap down this morning, there were buyers that took price to nearly break-even. Sold off and closed at lows of day.
Nasdaq 2,702.56 -30.22
SP500 1,286.17 -13.99
10-YrBond 3.0020% +0.0050
Another down day tomorrow will set up a nice bounce.
DX-Y 74.01 +0.31. US Dollar Index Futures Cash
GLD 150.48 +0.26
SLV 35.71 +0.37
PTM 21.22 -0.09
XLE 73.56 -1.70
XLF 14.93 -0.29. 52 week range 13.29 - 17.20.
VXX 22.75 +0.38
JAG 4.64 -0.32 (6.45%). Jaguar Mining Inc Ordinary Shar. 52 week range 4.11 - 10.35. Setting up long-term buy.
Mining political risk:
California extends ban on gold prospectors.
Peru experienced political risk over the weekend (new President):
SCCO 30.86 -3.86 (11.12%). Southern Copper Corp. Huge downside volume to close at lows of day. 52 week range 25.65 - 50.35.
PAAS 30.79 1.57 (4.85%). Pan American Silver Corp. After initial gap down this morning, there were buyers that took price to nearly break-even. Sold off and closed at lows of day.
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