Tuesday, October 04, 2011

20111004 PM

Dow 10,808.71 +153.41
Nasdaq 2,404.82 +68.99
SP500 1,123.95 +24.72
30-yrBond 2.76% -0.00

Dramatic turnaround in stock indices set up a nice bounce. Indices opened lower, marked time, and ramped higher into close.

GLD 157.64 -3.31
SLV 29.09 -0.40
PTM 16.89 -0.58
XLE 58.37 +1.85
XLF 11.73 +0.45
VXX 52.84 -3.99 (7.03%)

CNSL 17.60 +0.60. 8.6% dividend.

Consider to short next bounce:
ANF 60.25 +0.60
GE 14.86 +0.17

Buy these if gold drops again:
JAG 4.59 -0.04. Jaguar Mining Inc. Ramped higher last 1/2 hour of trading. 52 week range 4.11 - 7.90.
VGZ 3.20 +0.04. Vista Gold Corp. 52 week range 2.25 - 4.59.

Sunday, October 02, 2011

20110930 Weekend

Dow 10,913.38 -240.60
Nasdaq 2,415.40 -65.36
SP500 1,131.42 -28.98
10-YrBond 1.92% -0.03

Precious metals were mixed and miners continued to fall. Large drop in COMEX gold and silver short positions.
Copper continued to sell off. Consider buying at 2.9.

GLD 158.06 +0.36
SLV 28.91 -1.05
PTM 17.64 -0.19
XLE 58.51 -1.77
XLF 11.81 -0.43
VXX 53.37 +3.51

EK 0.7801 -0.91 (-53.84%). Bankruptcy speculation. At this price, this is a lottery ticket.
PCLN 449.46 -28.56 (-5.97%)

GDX 55.19 +0.16 (+0.29%)
DUST 39.72 -0.40 (-1.00%)
FCX 30.45 -0.89 (-2.84%). Intraday 52 week low.
SVM 7.91 +0.12 (+1.54%). News is they are opening their operations and books to inspection to dispute claims of fraud.
TRX 3.59 -0.11 (-2.97%)