Pageviews past week

Tuesday, October 30, 2012

A mini-holiday for those not dealing with the wrath of the storm named Sandy.  Wall Street should get back to business tomorrow.  The S&P 500 futures sold off over 10 points yesterday but we are back to being a bit higher.  I do expect some strength in the stock indices before the employment report on Friday.  Gold hasn't done much in the past 2 days.  The US dollar however did have some weakness today.  The gold shares have made some gains over the past 2 days on the Toronto exchange.  I will try and purchase some ABX calls ahead of the earnings that are out early Thursday however the premiums will probably be inflated.  It most likely would have been easier to attempt this trade under normal market conditions but that isn't the case.  It's hard to say what the conditions will be like tomorrow with the end of the month.  Perhaps we'll see some volatility but it's really anybodies guess.  The foreign markets have generally been slightly higher the past 2 days.  So we'll see what happens tomorrow morning and go from there. 

No comments: