Tuesday, August 09, 2011

20110809 PM

Dow 11,239.77 -429.92
Nasdaq 2,482.52 -124.83
SP500 1,172.53 -53.07
30-yrBond 3.57% -0.09

Indices turned red as The Bernank was speaking, then recovered and ramped higher into the close. Indices making a decent bottom and are setting up for a nice bounce.
Dollar lower. Crude at $80 has had a huge price plunge.
Gold price intraday higher than platinum price. This is a rare event. Purchased physical gold bullion today.

GLD 168.61 +1.491
SLV 36.32 -1.65
PTM 20.41 +0.39
XLE 65.45 +3.17 (5.09%)
XLF 13.1 +0.94 (7.76%)
VXX 31.26 -3.52 (10.12%)

ZSL 15.05 +1.18 (8.51%). Was purchased Friday to hedge physical silver bullion. Was nervous about this over the weekend. Now this hedge is performing well.

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