20091204 Weekend

Dow 10,388.90 +22.75
Nasdaq 2,194.35 +21.21
SP500 1,105.98 +6.06
30-yr Bond 4.413% +0.084

There was great enthusiasm with the labor unemployment report, though the enthusiasm did not turn into 500+ point up day.
The dollar went up over a point and metals took a big hit. Metal and mining stocks too big hits which kept the indices from printing bigger gains. For setting up higher sustainable gold prices, this gold pullback is healthy.

Largely overlooked was the news of Dubai World creditors refusing delays on interest payments. This will cause issues to the issuers of the CDS "insurance" that is backing the debt.

GLD 113.753 -4.947
SLV 18.15 -0.47
PTM 18.80 -1.24

XLE 55.90 -0.41
XLF 14.63 +0.27

NGD 3.80 -0.15

AGQ 68.43 -3.45
RBY 4.279 -0.171
ROY 4.45 -0.08