Wednesday, February 29, 2012

Free Falling

I wanna free fall out into nothing
Gonna leave this world for awhile
--Tom Petty

Metals slammed on the back of Benanke's Humphrey Hawkins testimony. Earlier in the day, LTRO 2 came in at huge 'over.'

SLV looking at an ugly outside day and is currently down about $2. Almost poetic after yesterday's gappy (and certainly unexpected by me) move higher. Gold down ~ $60 today.


Metals only group really responding to today's events so far. Stock began to melt but now almost back to even.

position in gold, silver, SPX

1 comment:

dgeorge12358 said...

Year to date after today's closing bell:

S&P 500 +9.2%
Gold +8.1%
Nasdaq 100 +15.4%
Silver +24.5%