The GOLs Are Driving...

Yes they are!  Who knew they would be going at 5 miles per hour?  

After an entire trading day, they finally got LYG to stay above $4 and we got a tiny bit of volume going on the LYG Jul 20 '13 $4 Calls.  It looks like these were mainly buyers and the spread is still $0.10, which is pretty stiff.

We all know that Higher Interest Rates + Higher Oil Prices = Recession.  So the question is: is this 2006 all over again - or is it 2007?  

The Economiss in me says that this economy can't withstand 4% interest rates...

Strange occurrences happened with gold and oil today.  Oil ended a week-long move up and gold suddenly appears to have found some support along with copper and corn.


-4.67% SBA
+0.17% Roth IRA

+0.59% DJIA
+0.16% Nasdaq
+0.53% S&P 

+1.17% FTSE
+1.39% Eurofirst
-1.40% Nikkei
-2.44% Shanghai
-0.88% SENSEX
-1.31% Hang Seng

-0.40% WTI
-0.68% Brent
+1.84% Gold
+1.19% Copper
+1.06% Corn

+0.37% EUR/USD
+0.44% GBP/USD

+0.13% DJT
-0.27% VIX

-2.58% 10-Year US Treasury Notes


59% Advancing Issues on NYSE
38% Declining Issues on NYSE
2% Unchanged

63% Up Volume
36% Down Volume
1% Unchanged


54% Advancing Issues on Nasdaq
43% Declining Issues on Nasdaq
3% Unchanged

51% Up Volume
45% Down Volume
4% Unchanged