Tuesday, February 12, 2008

upward and onward

Some solid 1% gains on the American markets today. The Dow finished at 12,373 and the S&P at 1348. So far, so good.

Bombay finished unchanged, a welcome stabilization of prices after Monday's selloff. This sets up what should be a good day on Wednesday that ought to fulfill our forecast. Gold was down $15 to $911 in the wake of the Venus conjunction to natal Venus. Our forecast has gold finishing below Monday's open, so that negative trend should hold.

The Euro was up slightly on Tuesday. I'm looking for bigger gains starting tomorrow as the US dollar will likely fall back to 0.68 or below.