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Treasury declined to name China as a currency manipulator, although the reminbi is still significantly undervalued, according to a report released after the bell.
Green Mountain coffee exceed expectations in their earnings report.
The market was lackluster most of the day, and dropped in the last hour on an imbalance of 'sell on close' orders.
Today is the last day of the trading month for most firms.
The metals had a day of consolidation ahead of the option expiration tomorrow on the Comex.
Citi turned the market around with a bull call on AAPL today.
Markets were weak throughout the day with the AAPL led rally in the afternoon.
Have a pleasant weekend.
See you Sunday evening.
Another interesting commentary from Bill Black.
Would someone show Bill Black how to change the battery in his smoke alarm? Every time he comes on the Real News the background chirping on my computer system's surround sound has me reflexively checking my own. lol.
As a reminder there are option expiration in gold and silver on the Comex next week on Tuesday the 27th.
My friend Dave says he sees a bulge around 1800 in the gold option positions that could mark the heart of the resistance. This coincides with my own thinking.
As you know, I have anticipated this inverse H&S targeting that outer perimeter from 1790 to 1810 of the bears' Maginot line at 2000-2100.
Let's see if gold can be broken out by a distracting run from silver that shocks the bullion banks in a blitzsilberkrieg, a quick advance from out of this trading range to to upper limits of resistance at 40.
The terrain is easily marked as in the last chart below, and the potential for it is in the market positioning of bullion demand and the big paper shorts.
