20110929 1123

DJIA 11,149.52 +138.62
NASDAQ 2,481.95 -9.63
SP500 1,158.24 +7.18

Pre-market prices were higher. Prices are fading along with Europe. Cleaned up some positions to raise cash.
AUY 13.47 +0.01. Sold at 13.45 for 3.97 per share loss.
DISH 26.75 -0.41. Sold at 26.84 for .45 per share loss.
SSO 39.80 +0.51. Sold at 39.82 for .63 per share gain.

20110927 PM

Dow 11,190.69 +146.83
Nasdaq 2,546.83 +30.14
SP500 1,175.38 +12.43
30-yrBond 3.1160% +0.1140

GLD 160.63 +3.05
SLV 31.17 +1.40
PTM 18.13 +0.03
XLE 61.73 +0.89
XLF 12.26 +0.06
VXX 47.64 -0.96

TRX 3.54 -0.57 (13.87%). Tanzanian Royalty Exploration Corp. Volume came in at the end of the day at the lows. Price is back to January 2010.

20110926 PM, possible buys: FCX NUE SCCO

Dow 11,043.86 +272.38
Nasdaq 2,516.69 +33.46
SP500 1,162.95 +26.52. Looks to test 1170 tomorrow then 1201 and 1230.
30-yrBond 3.00% +0.13

Stock indices are bouncing and may strongly run higher into end-of-quarter window dressing.
Dollar slightly lower, though not backing off.
Gold tested 1550 and silver tested 26. Gold and silver made scary lower price tests, taking out stops, then recovered. Wait for a retest of today's lows to consider buying.
GLD 157.58 -2.22. Supposedly sold 5.4 metric tons of gold today, though they didn't sell last Friday. This is a huge sell and could mark a bottom (in the next couple days if they have more to sell).

SSO 40.10 +1.91

Copper producers:
FCX 33.77 +1.40. Freeport McMoran. 3.1% dividend. Buy around 28.
SCCO 26.57 +0.37. Southern Copper Corp. 9.7% dividend. Buy at 19.16.

Other miners:
AUY 14.16 +0.44. 1.2% dividend.
GBG 1.88 +0.11
NEM 64.39 +1.53. 1.8% dividend.
SVM 7.27 +0.54. 1.1% dividend.

NUE 32.79 +1.22. Nucor Corporation. 4.6% dividend. Nearing a buy.

CNSL 18.46 +0.55. 8.8% dividend.

20110926 1150

DJIA 10,940.56 +169.08
NASDAQ 2,492.47 +9.24
SP500 1,149.09 +12.66

Last week stock indices were hit hard and commodities were hit harder. Dollar was higher and European uncertainty continued. A bounce, of unknown duration, may be starting.

SSO 39.20 +1.01. Started 1/2 position at 39.19.

DISH 27.60 +0.84. Possible purchase today.

20110922 PM

Dow 10,733.83 -391.01 (3.51%)
Nasdaq 2,455.67 -82.52 (3.25%)
SP500 1,129.56 -37.20 (3.19%). Volume is lightening up. Expecting bounce, maybe Friday after lunch, though it make take until Monday. On weekly chart, this stays above 1100 or it is heading to 1000.
10-YrBond 1.72% -0.16

Yesterday FOMC announced they will buy long bonds.
Precious metals lower. Industrial metals continue lower, with copper having totally broken down. "Dr." Copper had recently signaled lower commodity prices. Oil lower.
Look for stock indices to stay in a volatile trading range.

GLD 169.05 -4.54 (2.62%)
SLV 34.92 -3.64 (9.44%)
PTM 19.73 -0.78 (3.81%)
XLE 59.34 -3.55 (5.64%)
XLF 11.56 -0.34 (2.86%)
VXX 49.84 +4.63 (10.24%)

Miners:
AUY 14.74 -1.66 (10.12%)
GBG 1.89 -0.23 (10.85%)
NEM 65.24 -2.44 (3.61%)
SVM 6.82 -0.31 (4.35%)

20110921 1300

DJIA 11,371.08 -37.58
NASDAQ 2,599.41 +9.17
SP500 1,195.58 -6.51

Cleaning up some positions before FOMC announcement this afternoon.

ZAGG 12.15 +0. Sold at 12.13 for 2.90 per share loss. Following momentum led to this loss.

20110916 Weekend, MXWL

Dow 11,509.09 +75.91
Nasdaq 2,622.31 +15.24
SP500 1,216.01 +6.90. Consider shorting at 1230.
30-yrBond 3.34% -0.01

This week, the Federal Reserve, European Central Bank, Swiss National Bank and Bank of England acted together to provide liquidity to European banks to keep the banks from collapsing. The USA's private central bank known as the Federal Reserve is making 1/2 TRILLION dollars in loans available. This is significantly beyond the prudent and safe mandate of "the Fed", which has become a blatant manipulator to support the insolvent banks. While European bank troubles are much larger than the troubles that brought down Lehman Brothers in 2008, no amount of manipulation will fix the problems. It is time to end the Fed!
In a positive development for gold bulls, gold closed above the middle of the trendlines (~1780). Weekly close above 1800 is good for gold bulls. Fundamentally, it appears the precious metal pullback this week was caused by banks lending gold in a scramble to get dollars and liquidity.
Austria restricted gold purchases by individuals.

GLD 176.03 +1.63
SLV 39.39 +0.60
PTM 21.02 +0.18
XLE 67.09 -0.41
XLF 12.90 -0.01
VXX 41.55 -0.83

BAC 7.23 -0.10
C 28.99 +0.40
MXWL 18.50 -0.05. Maxwell Technologies Inc. 52 week range 12.77 - 19.65. Capacitor energy storage technology going into hybrid cars. Long term buy.
NFLX 155.19 -14.06. Broken stock.
RIMM 23.93 -5.61. Potential short if it bounces.
SVM 7.02 +0

20110912 PM

Dow 11,061.12 +68.99
Nasdaq 2,495.09 +27.10
SP500 1,162.27 +8.04. Lower on lighter volume then went higher. Look for retest of 1230.
10-YrBond 1.93% +0.02

After an open lower with dollar higher, dollar turned lower and stock indices went slightly higher with lighter volume. Precious metals recovered slightly from lows to put in a down day.
European stock indices had a big down day. European banks continue to show problems. German DAX is breaking the lows on lighter volume.

BAC 7.05 +0.07

Bespoke Investment Group created this graphic of ten year performance of some sectors:

20110912 1427

DJIA 10,853.07 -139.06
NASDAQ 2,447.63 -20.36
SP500 1,139.52 -14.71

Dollar slightly higher. Metals lower. Look for precious metal bounce here - gold ~1800 and silver ~40.
World stock indices haven't bounced.

EWG 17.28 -0.54. Stop hit to close long at 17.29 for 2.09 per share loss.

20110908 PM

Dow 11,295.81 -119.05
Nasdaq 2,529.14 -19.80
SP500 1,185.90 -12.72
30-yrBond 3.31% -0.0440

Dollar higher. Precious metals higher. Stock indices lower.

GLD 181.81 +4.73
SLV 41.22 +0.69
PTM 21.82 +0.46
XLE 67.11 -0.79
XLF 12.63 -0.28
VXX 41.86 +0.67

Is this a slight pullback in a trading rally? Setting up for a long term rally like QE1 and QE2? Will stimulus come from a federal government make-work program instead of a bailout of the bankers by the Federal Reserve? If money will be spent, will it be spent for the people or for the bankers?

In what many saw as manipulation early Tuesday morning, the price of gold fell after the Swiss devalued their currency. Typically downward gold price manipulation will set of stops that cause a further selling cascade. This price drop was quickly recovered. If the manipulators are losing their impact, will they turn to other tools such as the CME raising margin requirements?

AGQ 232.80 +7.41
AUY 17.39 +0.72. Yamana Gold, Inc. Hesitated too long during day and finally bought near close at 17.42. Price indicates something big is happening. Going for 2008 high of 19.65.
EWG 18.81 -0.65
REGN 72.19 +0.92
ZAGG 14.57 -0.45

Miners:
AU 46.69 +0.43. AngloGold Ashanti Ltd.
KGC 18.18 +0.40. Kinross Gold Corporation. 52 week range 13.84 - 19.90.
XRA 5.48 +0.13. Exeter Resource Corporation

20110907 PM

Dow 11,414.86 +275.56
Nasdaq 2,548.94 +75.11
SP500 1,198.62 +33.38
10-YrBond 2.04% +0.06

World stock indices are bouncing. Play the bounce for a few days.

GLD 177.08 -5.82
SLV 40.53 -0.52
PTM 21.36 -0.41
XLE 67.90 +2.40
XLF 12.91 +0.59
VXX 41.19 -1.53

AGQ 225.39 -5.69. Sold at 225.72 for 7.69 per share gain. Also, started tiny position at 227.39.
EWG 19.46 +0.75. Long at 19.38.
REGN 71.27 +2.72. Long at 71.3. Trying to take out 52 week high from April at 71.74. Volume now is much lighter than April.
ZAGG 15.02 +0.28. Long at 15.03.

AUY 16.67 -0.24
MAKO 38.00 +0.36

20110907 1252

DOW 11,337.06 +197.76
NASDAQ 2,530.24 +56.41
SP500 1,190.70 +25.46

World stock indices bouncing. Oversold equity bounce or more sustainable? When to buy relative performers?
German court ruled further bailouts are OK. Buy Germany via EWG or SAP?
Silver underperforming. Gold apparently manipulated lower. Hesitant about silver.
Many people want to short US government bonds. The manipulation can continue by the Fed. Wait a month.

Watch if indices hold their gains today. Metals recovering somewhat.

AGQ 226.91 -4.17. Went long tiny position at 227.3.

20110906 PM, Swiss Franc Devalued

Dow 11,139.30 -100.96
Nasdaq 2,473.83 -6.50
SP500 1,165.24 -8.73
10-YrBond 1.98% -0.02

USA markets were closed yesterday for Labor Day. World markets sold off Monday and Tuesday.
Stock indices gapped lower and closed at days highs.
Dollar made made big move higher to test 76.
Early Tuesday morning, Swiss central bank devalued their currency (effectively pegging it to Euro) about 8%. Price of gold had reached new highs before the Swiss devaluation. Some say this is an "easy" trade of short Swiss Franc, long Euro. I suggest staying away from paper manipulated works. Instead, keep stacking the physical bullion.
Gold was lower on Swiss banker currency devaluation (paper manipulation). Oddly, GLD held higher prices until 11AM Eastern.

GLD 182.90 -0.34
SLV 41.05 -1.13
PTM 21.77 -0.26
XLE 65.50 -0.72
XLF 12.32 -0.22
VXX 42.72 +1.24

DGP 71.49 -0.27. Sold at 72.40 for 3.90 per share gain.

Relative strength:
AUY 16.91 +0.08. Yamana Gold, Inc. Intraday 52 week high.
CSII 13.24 +0.68. Cardiovascular Systems Inc. 52 week range 4.84 - 16.25.
MAKO 37.64 +0.74. MAKO Surgical Corp. Intraday 52 week high.
REGN 68.55 +3.77. Regeneron Pharmaceuticals, Inc. 52 week range 24.17 - 71.74.
ZAGG 14.74 +0.37. 52 week range 3.45 - 17.10.

BAC 6.99 -0.26
TIN 30.85 -6.22 (25.25%). Temple-Inland Inc.
FXF 114.80 -10.45 (8.34%). CurrencyShares Swiss Franc Trust.

20110902 Weekend

Dow 11,240.26 -253.31
Nasdaq 2,480.33 -65.71
SP500 1,173.97 -30.45
30-yrBond 3.31% -0.20

USA markets will be closed on Monday.

GLD 183.24 +5.37 (3.02%)
SLV 42.18 +1.66 (4.1%)
PTM 22.03 +0.41 (1.9%)
XLE 66.22 -1.90 (2.79%)
XLF 12.54 -0.54 (4.13%)
VXX 41.48 +1.99 (5.04%)

Dollar higher. Precious metals higher. Copper lower. Oil lower.
Stock indices gapped lower on open and closed near low of day.

Gold had new record weekly close. While gold volume was lighter, it looks to retest the recent highs.
DAX100 5,538.330 -192.30 (3.36%). If breaks below recent lows of 5,345.36, watch out.

AGQ 243.90 +18.52 (8.22%)
DGP 71.76 +4.13 (6.11%)
SDS 24.22 +1.23 (5.35%). Not taken out with trailing stop.

BAC 7.25 0.66 (8.34%). Everyone who bought after Warren Buffett's sweetheart deal is in a losing position.
HRB 13.41 -1.77 (11.66%). H&R Block, Inc. 52 week range 10.13 - 18.00. Steep decline in reported earnings for the fiscal first quarter of 2012.
MRVL 12.89 -0.13. Intraday 52 week low. Rumors of speed problems with their chip that is included with SSD devices made by other companies. A big recall would be expensive. "You will be very disappointed with any SSD you hook up to is as the marvel controller just wont reach the speed they clam it will."
NFLX 213.11 -20.16 (8.64%)
SVM 7.53 -0.88 (10.46%). Silvercorp Metals Inc. 52 week low. Problems in China with accusations of financial issues.
TRX 5.85 -0.03. Tanzanian Royalty Exploration Corp.

Weekend viewing:

20110902 1308

DOW 11,296.00 -197.57
NASDAQ 2,496.42 -49.62
SP500 1,181.26 -23.16

Indices gapped down on the open. Copper and oil lower. Precious metals higher. Dollar higher.

SDS 23.94 0.95 (4.13%). Tightened trailing stop of SP500 short from 2% to 1%. Expecting to be taken out today.

20110901 1535

DOW 11,512.34 -101.19
NASDAQ 2,547.79 -31.67
SP500 1,206.08 -12.81

Indices up 80% of time before holiday. Markets look weak, so they may be lower tomorrow.

Staying with positions of long gold, long silver, short SP500.

GLD 177.76 +0.04
SLV 40.45 +0.00