Friday, July 11, 2008

Could this be the day?

On Monday this week, I stated the: DOW will fall below 11K this week. Thus far, it's been a rollercoaster ride and we've come close, but it hasn't yet happened -- but today could change things!

Consumer confidence, Mich Sentiment and import/export inflation all come out shortly and current DOW fututes look to be down 120 (Ouch!) -- merely 98 points from my threshold!

With that said, GOLD is looking swell -- see chart below.

Hold on to your hats folks!



Anonymous said...

This may be driving gold and oil today:

'Israeli warplanes practice in Iraq'

The Jerusalem Post

Israel Air Force (IAF) war planes are practicing in Iraqi airspace and land on US airbases in the country as a preparation for a potential strike on Iran, sources in the Iraqi Defense Ministry told a local news network on Friday.

Matt said...

You called it Randy! As of 1pm EST the DOW is below 11000. We'll see if it closes there.