Issue 11-21-08
The stock market moved sideways most of today, but ended with a giant surge at the end – moving up 494 points.
Bonds, the Dollar, Oil and gasoline all moved sideways today.
Gold decided to surge today – moving up $43/ounce. I was surprised this breakout took place today, but I’m not complaining. Gold traded over $800/ounce today, but ended just slightly less than that at the close. Gold continues to be a good buy.
No News Today…..
Friday’s typically don’t have any news releases, and this Friday was no exception.
So, let’s think about this coming week – it’s going to be Thanksgiving. I had the amazing pleasure of being with Rob and Kelly last weekend, and got to see their newly born twins. Together with their 11 month old, they have their hands full of love and pleasure. These are the things to dwell on this coming week. Be Thankful.
Here are Today’s numbers:
Dow Jones 30 Industrial – 8046 (up 494 points)
10 Year Treasury Bond – 3.16% (up 0.02%)
Euro – $1.2572
Gold – $792 (up $43)
Oil – $49.93 (up $0.51)
Gasoline – $1.06 (up $0.06)