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Richard's Thoughts: What's Happening Now

Daily Recap

After a solid week or more of getting slaughtered, and a week of recovering therefrom, the bulls spent much of the day in the US mulling around, seeking direction.  Not so overseas, where the Asia Dow gained 0.12%, and the STOXX 600 rallied a strong 1.09%.  Latin American markets were mixed; Canada's TSX rose 0.33%.

Government bonds rallied around the world.  In the US, the 10-year note finished up 3/8 of a point, with a 2.866% yield.  After four days of gasping for air, the US dollar index rallied, up 0.64% to 89.15.  

Metal prices were mixed.  Gold lost $5 and silver fell a big 15 cents, while platinum was up $4 and copper was up 2 cents.  Go figure...  And despite overall strength in stocks today, XAU fell 2.6% to 83.23 and GDXJ fell 3% to 32.52.  Crude oil rose half a percent to 61.63.

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