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!
Randy
2 comments:
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.
http://www.jpost.com/servlet/Satellite?cid=1215330937574&pagename=JPost%2FJPArticle%2FShowFull
You called it Randy! As of 1pm EST the DOW is below 11000. We'll see if it closes there.
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