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
Year to date after today's closing bell:
ReplyDeleteS&P 500 +9.2%
Gold +8.1%
Nasdaq 100 +15.4%
Silver +24.5%