20130417 PM

Dow 14,618.59 -138.19
Nasdaq 3,204.67 -59.96
SP500 1,552.01 -22.56
10-YrBond 1.70% -0.02

GLD 132.87 +0.07
SLV 22.44 -0.23
PTM 16.194 -0.24
XLE 74.08 -1.66
XLF 18.015 -0.35
VXX 21.07 +2.17

Some stocks and sectors probing yearly lows.
Commodities continue selling off.  Copper is signaling significant worldwide slowdown.
A week ago, volatility premiums were low.  That was clearly the place to be buying.

Big selling last week.  Interesting timing with bankster meetings with politicians along with mainstream media article placement.
April 10 Goldman Cuts Gold Price Forecast Through 2014 as Cycle Turns "The bank cut its three-month target ... Goldman recommended closing a long Comex gold position ..."  Remember that Goldman Sachs became a bank in 2008, to take advantage of free money from the Federal Reserve.  This allowed the banksters to stay afloat, on the backs of the working Americans who actually produce something of value.
April 11 Obama Meets With Blankfein, Dimon and Moynihan Today  "Jay Carney, the White House press secretary, declined to give details about the conversation with the president."
April 11 Full List of Banksters at White House Meeting Thursday

If  you don't have it in your hand, you don't own it.  ABN Amro clients only thought they owned precious metals, when in fact they owned a claim on a piece of paper.  Some would consider this fraud.  ABN Amro Halts Physical Gold Delivery "Clients owning precious metals will see their account balances adjusted by the prevailing Bid prices of gold."
For those who want to own it, physical "in your hand", metal is on sale.  "The post-Songkran traffic jams were on the pavements outside gold shops on Wednesday, as buyers jammed every shop in town to buy the precious metal ..."

Congress repeals ban on their trading on inside information.  Where are Occupy Wall Street and the Tea Parties now?  Congress Quietly Repeals Congressional Insider Trading Ban  They supposedly didn't like the disclosure piece of the law.  These are public servants paid for with taxes.  If they don't like disclosure, they should stop being our public servants and work in the private sector. 

DSLV 51.65 +1.47.  VelocityShares 3x Inverse Silver ETN.  Took a small speculative position.  Let's see if volatility, and forced margin selling, continues tomorrow.
AAPL 402.80 -23.44.  52 week low.
BBRY 13.91 -0.01
MUX 1.75 -0.16.  52 week low.
TRX 2.55 -0.33.  52 week low.