Why The Market Is Worried About Gold
Stocks and
Treasuries finished lower today.
Equity
The Nasdaq
future
(
NDU3 |
Quote |
Chart |
News |
PowerRating) was up 2.00 1307.00. The S&P 500 contract
(
SPU3 |
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News |
PowerRating) was up 1.00 to close at 993.00, and the Dow
(
DJU3 |
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News |
PowerRating) was down
23
at 9320.
Fixed Income
The 10
year futures contract
(
TYU3 |
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PowerRating) was up -155 to close at 110-230; the 30 year
(
USU3 |
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PowerRating)
was down by -28 to close at 106-07; and the five year note was down by 0-90 at 111-015
(
FVU3 |
Quote |
Chart |
News |
PowerRating).
Metals
August gold
(
GCQ3 |
Quote |
Chart |
News |
PowerRating) was down by .10 at 361.40
amid concerns that the currently high levels of long contracts, which is at
89,998 speculative contracts, is due for a wash out. Silver
(
SIU3 |
Quote |
Chart |
News |
PowerRating) was down by .20 at 499.0. Copper was
up by .15 at 80.45
(
HGU03 |
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Chart |
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PowerRating), and aluminum
(
ALU03 |
Quote |
Chart |
News |
PowerRating) was down by .0065
.6625.
Energy
August crude
(
CL03Q |
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Chart |
News |
PowerRating) oil was down .13 to close at 31.43. Natural gas was
down by .050 to close at 5.033
(
NG03Q |
Quote |
Chart |
News |
PowerRating).
Currencies
The USD index
(
DX03M |
Quote |
Chart |
News |
PowerRating) was lower by .07 to close
at 98.93.