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YHOO hit EPS but missed revenues, but APPL is the big tickle and will be announcing their results shortly.
The SP left a big hanging man doji candlestick formation. This could mark a top.
Benny and his merry money mavens will be making their announcements tomorrow afternoon. Gold and silver took a corrective hit today in honor of their pronouncement. Bear in mind they have come rather far fairly quickly.
All eyes on AAPL.
The Sprott Silver Trust premium remains depressed compared to historical norms. I believe that this is due to the 'underwriter effect' as they clear their over allotments obtained at 13.20.
The other premiums remain healthy, showing a reluctance to sell off hard in this metals correction, at least so far.
Nice up day in the metals.
The Fed will announce the results of their meeting on Wednesday.
This Thursday will be an option expiration in gold. The likely range is 1650 to 1700 based on the put/call ratios.
From the charts, it looks like gold will be hitting some fairly stiff resistance between 1680 to 1700.
The Republican presidential freak show kicks into high gear with tonight's Republican debate and the upcoming Florida primary election. So far it has not disappointed.
Joe Granville made a major bear call today, saying he expects the Dow to be down 4000 points by the end of the year, with the decline starting about now.
I can sympathize with a bearish outlook for stocks based on the economic fundamentals and the earnings reports so far.
The Fed will announce the results of their January meeting on Wednesday.
Tomorrow is the State of the Union message. I will not be able to fly in to Washington and spend the evening at Bullfeathers or The Palm as in the past, alas, sharing gossip and conviviality with old friends amongst the staffers and assorted beltway denizens. This is always most enjoyable in an election year.
The silence on MF Global is deafening.
Still running short stocks and long bullion.
The Ballad of the US Economy and Financial Markets
