Dow 14,526.16 -33.49
Nasdaq 3,256.52 +4.04
SP500 1,562.85 -0.92
30-yrBond 3.09% -0.04
GLD 155.34 +0.62
SLV 27.73 -0.02
PTM 18.02 +0.08
XLE 79.57 +0.29
XLF 18.16 -0.09
VXX 20.33 +0.19
Dollar higher than marked time.
Cyprus may open banks tomorrow. Depositor haircut and currency controls have been known, so not expecting a big when the banks open.
With the depositor confiscation, and no big run on precious metals, it looks like precious metals will have more time of flat to lower prices.
Important idea from Jim Sinclair about velocity of money: "The velocity of money has been the biggest drag in terms of creating any significant recovery. So the velocity of money has now been targeted, and it is to be increased through the use of fear in the mainstream media regarding confiscation of money in financial institutions."
DSLV 30.24 +0.11. Started small position at 30.24.
No comments:
Post a Comment