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10 Year Treasury at 0.4%?

Daily Recap

Again with the surprises and telling signs of internal strength!  The European Central Bank (ECB) announced further easing of their monetary policy, prompting an early rally in stocks and a selloff in gold.  Oil similarly headed lower today.  And yet....

Gold turned around sharply, adding a hefty $15-20 for the day, depending on which source one references, with silver adding another 25 cents or so.  Mining shares once again flexed their muscles, finishing up 4% and near the highs of the day.  And while oil itself lost about half a buck a barrel, energy company stocks were up slightly on the day, and Chevron (CVX) jumped another dollar and change on top of yesterday's monster move.  

Considering that European exchanges were down 1% to 2%, and US exchanges finished mixed on the day, this is a sign of real internal strength in the precious metals and energy company shares.  In fact, given ... Log in or subscribe to continue reading.


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