Wednesday, August 10, 2011

20110810 PM

Dow 10,719.94 -519.83 (4.62%). Big problem below 10604.
Nasdaq 2,381.05 -101.47 (4.09%)
SP500 1,120.76 -51.77 (4.42%)
30-yrBond 3.54% -0.04

Reversing yesterday's upside action, indices down. This massive volatility is good for traders but investors will be stepping away from the casino.
Dollar up. Gold over 1800. Silver and platinum higher. Oil lower.

GLD 174.58 +5.97 (3.54%)
SLV 38.44 +2.12 (5.85%)
PTM 20.65 +0.24 (1.18%)
XLE 63.19 -2.26 (3.45%)
XLF 12.19 -0.91 (6.95%)
VXX 35.17 +3.91 (12.51%)

DGP 65.43 +4.08 (6.65%). Long at 64.99.
ZSL 13.44 -1.61 (10.70%). Performed it's job of being a short term hedge against my physical. Closed position today at 13.75 for 1.1 per share loss.

ORCL 26.48 -1.12 (4.06%). Industry leader caught in market downdraft.

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