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Richard's Remarks

The stock market and gold bounced back today as expected. All sorts of rumors about gold. On Friday there was one big seller of gold. At the opening of the Comex, someone sold 53,000 gold futures. Another story is that Cyprus was to sell its entire reserves of gold



My PTI was up 6 at 6514. The moving average is 6470, so my PTI is bullish by 44.


The Dow was up 157.58 to 14756.78.


Transports were up 131.48 to 6041.34.


Utilities were up 6.01 to 522.32.


NASDAQ was up 48.14 to 3264.63.


S&P 500 was up 22.21 to 1574.57.


There were 2512 advances and 566 declines on the NYSE.


There were 96 new highs and 48 new lows.


Total Volume on the NYSE and associated exchanges was 4.02 billion.


Bonds: Yield on the 10 year T-note 1.723. Yield on the long T-bond was 2.911. Yield of the 91 day T-bill was 0.061.


Dollar Index was down 0.652 at 81.85. ... Log in or subscribe to continue reading.

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