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Actually another simple logic.... If Dow going to rebound tonight, Gold should have dropped by now.... Prepared for the massive selldown part 2 tonight.... Anyway, it is my view.... Trade at your own risk....
Wednesday: 10 August 2011
In a volatile session, the Dow Jones Industrial Average rallied back from Monday’s battering, gaining 429.92 points, or 4%, to 11,239.77. It had fallen as much as 205 points after the Fed released its afternoon statement. The rebound recovered part of Monday’s loss of 634.76 points, or 5.6%, the sixth-largest point loss in its history, and its worst day since 01 Dec 2008.
All 30 of the blue-chip index components gained, with Bank of America Corp. up almost 17%, recouping most of the prior day’s 20% drop. The S& P 500 Index added 53.07 points, or 4.7%, to 1,172.53, with financial firms faring best of the index’s 10 industry groups after getting socked the hardest on Monday. The Nasdaq Composite Index climbed 124.83 points, or 5.3%, to 2,482.52. For all three major indices, it was the biggest one-day percentage gain since 23 Mar 2009.
U.S. Treasury prices turned sharply higher Tuesday, sending 10-year yields briefly plunging to lows from the 2008 financial crisis, after the Federal Reserve said it will likely hold interest rates low through at least the middle of 2013, clarifying for the first time what an “extended period” is.
Crude prices settled 2.5% lower and below $80 a barrel on Tuesday as investors remained concerned about prospects for the world economy and an equity selloff added to worries. Oil for Sep delivery declined US$2.01 to finish at US$79.30 a barrel, the lowest price since late Sep. The losses joined a plunge of 6.4% on Monday, after markets reacted to Standard & Poor’s downgrade of U.S. debt late Friday and fears intensified of a potential new recession. So far this month, oil has lost 17%. For the year, it has declined 13%.
Gold prices settled at a record Tuesday, slicing through the US$1,750-an-ounce milestone as a selloff in global stock markets drew safety-seeking investors to the metal. Gold futures for delivery in Dec added US$29.80, or 1.7%, to end at US$1,743 an ounce on the Comex division of the New York Mercantile Exchange. The contract traded as high as US$1,782.50 an ounce, according to FactSet Research, an intraday record for the metal. Gold has gained 23% this year, its 10th straight year of gains, and so far this week has risen 5.5%.
| US Markets |
Index Level
|
Value Change
|
% Change
|
Futures Value
|
Value Change
|
% Change
|
| Dow Jones |
11,239.80
|
429.92
|
+3.98%
|
11,235.00
|
41.00
|
+0.37%
|
| NASDAQ* |
2,482.52
|
124.83
|
+5.29%
|
2,163.50
|
8.50
|
+0.39%
|
| S& P 500 |
1,172.53
|
53.07
|
+4.74%
|
1,176.40
|
4.70
|
+0.40%
|
* refers to NASDAQ composite which consists of all stocks in NASDAQ. Futures value only for NASDAQ 100.
| EU Markets |
Index Level
|
Value Change
|
% Change
|
| FTSE 100 |
5,164.92
|
95.97
|
+1.89%
|
| CAC |
3,176.19
|
51.00
|
+1.63%
|
| DAX |
5,917.08
|
-6.19
|
-0.10%
|
Cant you see the break down? If you cant see it, I am sorry.... 1.50 is very conservative....
Citigold ( Date: 10-Aug-2011 12:17) Posted:
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Based on?
Isolator ( Date: 10-Aug-2011 10:33) Posted:
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Sell or Short on rebound....
Kindly interpret. Thks.
| GENTING SPORE |
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| 11:11:27 | 1.730 | 1,932,000 | A |
| 11:11:26 | 1.730 | 61,000 | B |
| 11:11:21 | 1.730 | 1,000 |
| 10:10:04 | 1.740 | 1,281,000 | A |
| 10:10:00 | 1.740 | 20,000 | A |
| 10:09:59 | 1.740 | 5,000 | A |
| 10:09:43 | 1.740 | 200,000 |
Wednesday: 10th August 2011
| 09:35:14 | 1.745 | 5,000 | B |
| 09:35:12 | 1.750 | 3,000,000 | A |
Can see genting at 1.50....
The market looking ugly...
Today, it does not do the
hula-hula bounce around the zero line...
but it is doing the dive...
Short now.... Short on rebound..... Bear run....
like what ipunter always emphasize.. all's about betting.. I betted 30 lots on genting at 1.745 for this upcoming friday result.. huat arh!!
Be calm and have peace...it's good to have a positive and steady mindset.
New123 ( Date: 09-Aug-2011 18:00) Posted:
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Going down.
Euro problems, French will be next
Dow Jones green...
i have huge position on GenSp and i dont feel good when it break $1.85
New123 ( Date: 09-Aug-2011 18:00) Posted:
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Positive thinking, lovingness, faith, confidence, pride, etc are well and good...
except that you are dealing with the stock market 'beast'...
which is best tackled with a betting mentality...
Just be calm and have peace. Why worry so much?? Mkt sentiment is being created by rating agency just to take advantage of the current situation. Nothing really in deep trouble for USA and Europe. Things will get better and will naturally be Ok. Tomorrow will be a better day!
iPunter ( Date: 09-Aug-2011 14:33) Posted:
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