New all time highs: BIDU, GLD, GG, MCP, SLV, SLW, XRT,New unemployment claims dropped to 382,000 (chart).
This week, two more banks were shut down by the FDIC! (list).
Next week: (Economic reports link). Quarterly earnings season begins once again, with AA kicking things off on Monday. Other companies reporting include: JPM, GOOG, BAC
Market commentary: The S&P 500 seems to be stalled at the 1340 level. We'll see if earning next week will give it a boost, or cause further weakness like we saw on Friday.
Oil, Gold, and Silver continue to rally. Likewise for most currencies (against the US Dollar).
Commodities (charts):
Oil prices rallied even more, closing just above $113 per barrel.
Natural Gas dropped, closing near $4.03
Gold rallied further, closing near $1470! An all time high.
The 30 year Bond dropped again, closing near $118'16.
The US Dollar was down again, closing near 75.
News:
US Oil Settles Near $113, Highest Since Sept. 2008
Gold Miners In Breakout Mode As Dollar Slumps
Toxic Dollar: Why Nobody Seems to Want US Currency
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