20100618 Weekend

Dow 10,450.64 +16.47
Nasdaq 2,309.80 +2.64
SP500 1,117.51 +1.47
10-YrBond 3.22% +0.0330

Gold made a record high.

GLD 122.83 +0.93
SLV 18.75 +0.42
PTM 18.94 +0.17

XLE 55.61 +0.35
XLF 14.83 +0.09

VXX 25.07 -0.45

EVOGF 0.86 +0.0369 (4.50%). Has based for a month, so may be ready to move with higher gold price.
NNVC 2.00 +0.07 (3.63%). Off recent lows with volume contracting.
SSO 38.01 +0.07

AGQ 66.79 +2.95 (4.61%). ProShares Ultra Silver. Watch how it tests May high of 72.71.
HL 5.89 0.33 (5.94%). Hecla Mining Co. 52 week range 2.26 - 7.47.
NEM 61.25 +1.57 (2.63%). 52 week high. Looks to test January 2006 high of 62.72. Volume is 1/3 of what it should be if it will go past that high.
PAAS 27.71 0.94 (3.51%). Pan American Silver Corp. 52 week range 16.64 - 28.41.
SWC 13.53 0.47 (3.60%). Stillwater Mining Co. 52 week range 4.45 - 18.48.

FNM 0.35 -0.079 (-18.41%). Propped up by federal government, and being delisted.
FRE 0.4003 -0.1097 (-21.51%). Propped up by federal government, and being delisted. Acting like a home insurance company by allowing grants to home owners with mortgages backed by FRE that have defective drywall. Freddie Mac Announces Forbearances For Borrowers With Single Family Homes Affected By Problem Drywall What about people with a failing dish washer, or a failed light bulb?


Several items from (last week) June 14 Barron's:

Says GDP is price adjusted:
A Grim Drop in Retail Sales
A gasoline-sales decline reported by the Census Bureau was driven by the steep drop in gas prices in May. But consumer spending for calculating real GDP growth is price-adjusted. So no such decline will be reported by the BEA in real GDP for the current quarter.


The Roundtable update had several members who mentioned the oil leak in the Gulf of Mexico. Abby Joseph Cohen is so interested in staying on the good side of all companies that she has made a special phrase to describe the oil leak in the Gulf of Mexico.

Handle With Care

ABBY JOSEPH COHEN
This has been a difficult period for many energy companies, given worries about global growth, and the special situation involving BP in the Gulf of Mexico.

MERYL WITMER
The evidence in the Gulf of Mexico points to BP making mistakes.

MARIO GABELLI
The BP spill in the Gulf of Mexico will be a catalyst for National Fuel Gas to figure out how to monetize its Seneca Resources operations.


MFC 6.30 +0.06. Manulife Financial Corporation. Mentioned as possible long in Roundtable article.