Dow 8,761.42 +70.09
Nasdaq 1,565.48 +18.14
SP500 899.24 +10.57
Gold up 35 to 809. Can quickly go up another 100. Watch how it acts at 940-950.
Silver, copper, and fuel up.
WSJ story that Federal Reserve is meeting with Congress to get authority to issue their own debt (for the Fed to issue their own debt). The Fed can already issue debt in the form of Federal Reserve Notes (note = debt), and now they want to issue regular debt.
Fundamentally the dollar is in trouble and now the economic infrastruture is being threatened by the bankers. If we break the infrastructure, recovery will be more difficult.
HOTT 8.64 +.49. Volume needs to come in to sustain the price.
DIG 30.40 +2.68. Oil and gas ETF is holding up and could get to 40 or higher on a bounce. Possible buy later this week.
XLE 48.99 +2.41. Energy SPDR.
Gold miners:
AEM 36.44 +4.70.
GBN .99 +.11.
TRE 3.38 +0.31.
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