Did Oil Manage To Break Below The Important $30 Level?

Stocks were mixed today while
bonds sold off again.

Equity

The Nasdaq
future
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was down 1.00 to close at 1282.50. The S&P 500 contract
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was down .10 to close at 993.80, and the Dow
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was down 22
at 9232..

Fixed Income

U.S. Treasuries finished sharply lower today.
The 10 year futures contract
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was down 0-275 to close at 112-105; the 30 year
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was down by 1-11 to close at 108-10; and the five year note was down 0-165 at 112-090
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.

Metals

August gold
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was down by .60 to close
at 364.30. Silver
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was down by  1.5 at 51.8. Copper was
down by .10 at 80.65
(
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, and aluminum
(
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was up at .6655..

Energy

August crude
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oil was down .14 to
close at 29.97. Natural gas was down .015 to close at 4.685
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.

Currencies

The USD index
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was up  by .16 to close
at 95.28.