Nasdaq 2,671.48 +3.87
SP500 1,258.84 +4.24
30-yrBond 4.4460% +0.0150
GLD 135.05 -0.27
SLV 28.57 -0.07
PTM 20.43 +0.13
XLE 67.22 +0.23
XLF 15.99 +0.17
NBBHYL:IND 8.41 +0.018. TRACE HY Comp Avg Yield to Mat. Moving higher. In 2008 this spiked to 20% before bank financial problems rocked the markets.
Commodity ramp is going strong. Charts from Dan Norcini showing commodities have taken out the 2008 highs.
http://jsmineset.com/wp-content/uploads/2010/12/clip_image00219.jpg
Crude oil closed above $90.
http://jsmineset.com/wp-content/uploads/2010/12/December2210Crude.pdf
DIG 44.67 +0.23. ProShares Ultra Oil & Gas. Two year high.
JJC 57.03 +0.03. iPath DJ-UBS Copper TR Sub-Idx ETN. Two year high.
Trader Holds $3 Billion of Copper in London Some see a cup and handle formation in copper.
SPXU 19.42 -0.21. Started a 1/2 long position of this SPX short, and am considering closing the position.
Bill Carleton’s "That’s Why (I’m Mining Gold)"
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