Tuesday, September 11, 2007

Market Update

The market has put on a solid showing so far perhaps as a patrotic gesture on 9/11. The last two hours will be crucial as always.

Bernanke gave no hints as far as whether rates would be cut in a speech in Berlin today. He did say global interest rates were very low. Perhaps the Fed will not cut afterall. I don't believe they will cut.

Stocks moving up on heavy volume include URGI CORT IMCL GIII ASIA COGT DLLR DRL TSL IVN CRZ

Gold and Silver continue their strong up move today. The strength in precious metals has been unbelievable as of late. And to think I nearly gave up on Gold a few weeks back.

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