20110729 Weekend

Dow 12,143.24 -96.87
Nasdaq 2,756.38 -9.87
SP500 1,292.28 -8.39
30-yrBond 4.13% -0.13

GLD 158.29 +0.97
SLV 38.85 +0.09
PTM 20.76 -0.14
XLE 76.45 -0.77
XLF 14.79 -0.04
VXX 23.41 -0.43

Dollar lower.
Oil at 95.86 had 7th week below 100.
Gold at all-time record high. Weekly gold close above 1650 will be very bullish (watch copper). Gold had second largest monthly incurease (largest monthly increase was November 2009). Metals could pull back after politic fiscal issues are settled.
Silver also closed higher. Look for silver to test 44 in August.

BGU 76.71 -1.38. Attempt to go long for Monday morning rally was stopped out.
MDW 2.38 -0.02
SLV 38.85 +0.09