Bonds Gain
Stocks plummeted today, down 201 points. Perhaps reality is setting in.
Bonds gained dramatically (decreased interest rates) – a nice move for us.
The Dollar strengthened one cent against the Euro.
Oil and gasoline were hit again, and have come well of their recent highs. Sanity appears to be coming back into the oil price. My personal belief is that oil should be around $50/barrel, and everything above that number is caused by speculators.
Gold fell again, and is now a time to consider buying gold again. If gold falls below $900/ounce, it will definitely be time to buy.
Today’s News……
Nothing much happening in the financial news. The real news is in Iran, and N. Korea.
Here are the last numbers for today:
Dow Jones 30 Industrial – 8339 (down 201 points)
10 Year Treasury Bond – 3.69% (down 0.10%)
Euro – $1.3861
Gold – $922 (down $15)
Oil – $66.93 (down $2.62)
Gasoline $1.86 (down $0.06)