Gold fell $13.

Oil and gasoline fell also, below $70/barrel.

In the news today…..

Consumer Confidence – fell last month.  But, this is a flaky statistic, so I would ignore it.  Stocks thought it was terrible, so the stock market fell on the news.

Home Prices – fell 18.1% from last April.  And this shows a slowing trend in the house price decline – good news indeed.  However, the price falls haven’t stopped yet.

Jobless Rates – rose in ALL US economic metro areas in May.  Bad news for the unemployment rate to be released on Thursday.

George Soros – in a recent interview by the WSJ said that fear of inflation will drive up interest rates, and kill off the recovery and kill off the housing sector too.  He said that stock markets will be hit by that factor too.  Regarding regulation, he said that the government “regulation” over the past 25 years caused the current crisis, and that regulation just doesn’t work.  He said that bubbles will happen, but the control of self-reinforcing bubbles is possible.  Soros was critical of the current spending pattern of the Obama administration as it is causing deficits that are too large

Here are the last numbers for today:
Dow Jones 30 Industrial – 8448 (down 82 points)
10 Year Treasury Bond – 3.52% (up 0.03%)
Euro – $1.4026
Gold – $927 (down $13)
Oil – $69.89 (down $1.60)
Gasoline $1.90 (down $0.03)