20090409 PM

DOW 8,083.38 +246.27 (+3.14%)
NASDAQ 1,652.54 +61.88 (+3.89%)
SP500 856.56 +31.40 (+3.81%). Will test slightly over 900 then may continue to 940.
Indices gapped higher, consolidated, and had a strong finish to close at highs. Indices appear to be setting up for significant upside moves. Though some pullback is to be expected, the indices have strength.
GLD 86.31 -0.30
SLV 12.17 +0.032
PTM 14.80 +0.35. Talk of registering platinum ETF (and paladium ETF) on US exchanges.
JJC 29.22 +1.35. Copper.

EEV 31.79 -3.22 (-9.20%). Gapped down and stayed down, closing at lows. Stopped out at 31.76 for loss of .68 per share.
NFLX 46.95 +2.67 (+6.03%). Day range 44.2002 - 46.99. All time high. Started small position at 46.8.
ANO 0.84 +0.10 (+13.51%). Platinum miner.
ROY 2.24 +0.14 (+6.67%). Mining royalty company.
URE 3.44 +0.68 (+24.64%). Filled the gap down from February of this year. Going for 7.28 from December 15, 2008.

GCI 3.75 +1.06 (39.41%). Newspaper publisher.
HOG 18.02 +1.76 (+10.82%). Harley Davidson motorcycles. They made a lot of money on financing bikes. Have the credit problems eased and sales of bikes on credit will ramp up and most customer loans will be paid?


Some quotes from Barron's interview of William Black on the financial bailouts:
The Lessons of the Savings-and-Loan Crisis
William Black, Associate Professor, Economics and Law,
University of Missouri, Kansas City
By JACK WILLOUGHBY
This will destroy Obama's administration, both economically and in terms of integrity.
We have failed bankers giving advice to failed regulators on how to deal with failed assets.
Geithner especially represents a failed regulator, having presided over the bailouts of major New York banks.
These firms will ultimately have to be forced into receivership, the management and boards stripped of office, title, and compensation.



Barron's FEATURE article that tears into TRE's exploration business and specifically Jim Sinclair:
All That Glitters Is Not Gold
By VITO J. RANCANELLI
Tanzanian Royalty rallied on the reputation of CEO James Sinclair. But the gold guru's actions cast doubt on the exploration company's fortunes.
GOLD EXPLORER TANZANIAN ROYALTY EXPLORATION HAS NO revenue, no earnings and no proven gold, as well as some accounting issues. So why do its shares trade at a premium to peers that seem to be in much better shape?
...