Monday, February 11, 2008

Steady as she goes

American markets ended modestly higher today, more or less in keeping with our forecast. The Dow closed at 12, 240 and the S&P at 1339. The late day rally I forecast was barely noticeable.

Bombay was sharply lower as forecast, as the Sensex dropped 700 pts to 16,630. The Euro was flat against our prediction, holding on to 1.45 and gold was modestly higher by $4. This was less than forecast but at least the direction was correct. The price has stabilized in after hours trading at around $922. Let's see if gold can rally Tuesday as it unleashed that positive Venus to Venus energy.

Tokyo was closed Monday.