Gold staged its recovery ending at $959. Could be a sign of a breakout if it closes above $975 next week. In the news today….. 3 More Banks failed – bringing the total to 84 banks so far this year – and there are many, many more to come. The FDIC funds are nearing depletion [...]
ATTENTION EconomyGuy readers. I will be flying to Europe tomorrow, so the daily newsletters will be disrupted from time to time as I attempt to connect to the internet in that far away land. I will try to get out as many as possible, and will catch up if something big breaks. All markets went [...]
Stocks moved sideways today, starting higher, but pulling back at the end of the session. Bonds strengthened slightly (lower interest rates) as did the Dollar. Gold feel $11 today. Oil was up slightly, and is holding its recent highs – bad for you and the economy. In the news today….. Food for thought – How [...]
Stocks soared today on Bernanke’s statement. Bonds got scared an raised interest rates. The Dollar fell to a recent LOW. Gold rose sharply, and oil and gasoline rose on the good economic news. In the news today…… Ben Bernanke – said today that we are on the verge of coming out of our recession – [...]
Stocks were up again today based on the news of the leading indicators being so good (???). Everything else went sideways. Even stocks are in a sideways trend right now between 9150 and 9400. In the news today….. Unemployment Claims – jumped 15,000 over last week to 576,000. This shows that companies are still laying [...]
Stocks went up slightly again today, and the stock market appears to be in a sideways trading range. Bond values went up (lower interest rates). The Dollar lost a whole cent again, and this shows the relationship between stocks and the Dollar. Gold also rose on the back of the stock market. Oil and gasoline [...]
All six measures of the markets that I report on went sideways today – with a slight upward movement to the Dollar. In the news today….. Jobless Claims – was 550,000 last week. The news is casting this as a good number – because it came in less than some folks guessed it would come [...]
All the markets moved sideways today, except bonds which lost value (increased interest rates) as the economic situation continues to deteriorate. In the news today….. Private Employers – laid off 371,000 workers in July. This was down from 463,000 in June. If you listen carefully to the news media, you would think this was a [...]
Stocks continued their gaining ways today by ending up 34 points. Bonds continued increasing in interest rates a little. The Dollar, oil and gasoline all moved sideways today. Gold was the standout by gaining $11, and ending at $970. Just sit back and enjoy the gold run. It’s hard to explain unless you say that [...]
Stocks soared on the news of manufacturing data. (It was down, but stocks went up). Bond interest rates soared too. The Dollar lost 2 cents – a massive move, and portends inflation. Oil and gasoline rose significantly – you can now bet that gasoline will be rising at the pump. Go fill up now. Gold [...]
