Monday, August 15, 2011

20110815 PM

Dow 11,482.90 +213.88
Nasdaq 2,555.20 +47.22
SP500 1,204.49 +25.68. Going for 1249.
30-yrBond 3.7470% +0.0440

Dollar down. Metals up. Oil barely positive. Gold back above Jim Sinclair's 1764 "angel".
Consider selling gold at 1781 later this week, unless it runs into 1800.
Option expiry week. Stock indices look to go a little higher into Wednesday.
Happy Birthday, Free-Floating U.S. Dollar

GLD 171.8 +1.83
SLV 38.67 +0.55
PTM 21.08 +0.07
XLE 69.22 +2.26 (3.38%)
XLF 13.19 +0.41 (3.21%)
VXX 32.18 -1.95 (5.71%)

AUY 15.28 +0.45. Yamana Gold, Inc. 52 week range 9.73 - 15.30.
MDW 2.24 -0.08. Midway Gold Corp. 52 week range 0.42 - 2.89.

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