Here are the closing statistics for our key indicators: DJ30 – 12,267 up 65 US Treasury 10 Year Bond – 3.37% no change USDEUR - 1.4331 Gold – $1497 up $4 Oil – $108.15 up $1.33 Gold topped $1500 during the mid day trading today. Psychologically important. Now we are ready to go higher. The [...]
Thinking the Unthinkable…… Today’s economyguy is devoted to thinking the unthinkable. It’s unthinkable at least as far as I have been taught. Sometime in April the US Government will have spend so much money that it’s debt will be hitting up against the “debt ceiling” created by Congress. Congress created it to have a mechanism [...]
Stocks jumped upward to new near term highs today – on exuberant enthusiasm – nothing much else. Gold started back up, and Oil and gasoline jumped massively – only speculation could cause the volatility we have seen in the past two days in the energy futures market. In the news today….. Bond Auctions yesterday and [...]
Stocks, the Dollar and Gold went sideways today – kind of boring. Bonds hit another near term HIGH today as the US Treasury auction didn’t go that well. Higher interest rates coming – see stories below. Oil and gasoline also hit a near term HIGH today as oil is now over $71/barrel. In the news [...]
Stocks fell a little today, and are awaiting earnings reports to determine its future path. Bonds also moved sideways, as did the Dollar. Oil and gasoline fell slightly. Gold fell a lot, being down $25 today. The new price has broken a trend line on the downside, and gold must test recent support levels at [...]
