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.
No comments:
Post a Comment