Nasdaq 2,833.95 +2.37
SP500 1,343.01 +2.58
30-yrBond 4.70% +0.04
Silver had a huge week with Thursday and Friday price explosions. After running higher Friday, it gave back some gains then made a strong showing into the close. The CME raised margin requirements, though this did not cause a sell-off. Did UBS just wake up?
"... UBS said on Friday it has raised its one-month silver price forecast to $35 (£21.60) an ounce from $25.50 an ounce previously ..."Let's see how much resistance is encountered for silver at $33 - $33.30.
GLD 135.41 +0.37
SLV 31.79 +0.76
PTM 21.71 -0.06
XLE 77.02 +0.32
XLF 17.18 +0.04
VXX 29.03 +0.24
BAL 98.06 -12.94 (11.66%). iPath DJ-UBS Cotton TR Sub-Idx ETN.
JJC 59.56 -0.52. iPath DJ-UBS Copper TR Sub-Idx ETN.
EXK 7.30 +0.15. Endeavour Silver Corp.
TRE 7.15 +0.09. Rumored eminent short squeeze.
AGQ 172.27 +8.10 (4.93%). ProShares Ultra Silver.
GPL 3.07 +0.18 (6.23%). Great Panther Silver Limited. All time high. Blue skies above.
SVM 13.06 +0.35 (2.75%). Silvercorp Metals Inc. 52 week high is 13.60.
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