October 13th Update

Free trade agreements with Colombia, Korea and Panama passed which might create jobs and exports. Several reports released overnight showed slowing exports, shrinking lending and less consumption. Copper stocks in China released for 2010 resulted in a bearish reaction with higher than originally expected supplies.  Gold is off with what I suspect is profit taking.  The fundamentals are still bullish for the yellow metal.  free trade agreements with Colombia, Korea and Panama.   Today’s Jobless Claims were better than expected seem to indicate that tomorrow’s final Unemployment numbers may continue the trend of positive results for the US.

Posted in Uncategorized | Tagged , , , , , | Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *