Wednesday, August 24, 2011

20110824 PM

Dow 11,320.71 +143.95
Nasdaq 2,467.69 +21.63
SP500 1,177.60 +15.25
30-yrBond 3.61% +0.14

Dollar slightly higher. Financials recovered. Gold futures margins raised 27%, which will put several more days of pressure on the price of gold.
Metals sharply lower, for second day.

GLD 171.64 -6.02
SLV 38.83 -1.80
PTM 21.16 -0.75
XLE 65.95 +0.39
XLF 12.70 +0.33
VXX 40.90 -0.87

AGQ 208.50 -20.99 (9.15%). Sold at 210.79 for 25.71 per share loss.
UPRO 52.56 +2.17 (4.31%). Sold two positions at 50.18 for approximately 1.9 per share gain.

DGZ 11.90 +0.50 (+4.39%). Long at 11.87 to hedge physical holdings.

BAC 6.99 +0.69 (10.95%). Analysts pumping.

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