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Re: Debt Deal and the markets

By: Decomposed in ROUND | Recommend this post (0)
Mon, 01 Aug 11 6:29 PM | 52 view(s)
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Msg. 34164 of 45644
(This msg. is a reply to 34163 by Decomposed)
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My mistake. It's LATE Monday in Europe already. I got my directions and time zones mixed up.

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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The above is a reply to the following message:

Debt Deal and the markets
By: Decomposed in ROUND
Mon, 01 Aug 11 6:26 PM

Msg. 34163 of 45644

Wow. The Dow went from 'up double digits' to down 44, and the markets have only been open for 75 minutes!
Gold was down 17... and is now down 5. Quite a turnaround. Most of my gold stocks are up significantly.
Then there's Europe. Are European markets even open this early??? Well, this article says they are. The article is too short to abbreviate. Too bad...

Aug. 1, 2011, 10:36 a.m. EDT

European stock gains vanish after bleak U.S. data

By Alexander Davis

LONDON (MarketWatch) -- Stock markets in London, Frankfurt and Paris all reversed direction Monday and saw their gains from the session crumble after a downbeat reading of the U.S. manufacturing sector. Germany's blue-chip Dax was down more than 2% at 7,008 going into its final hour of trading vs. an intraday high of 7,278. British stocks also were lower but the key FTSE-100 Index fell 0.2% but plunged as low as 5,791 from a high of 5,912 at midday. The Stoxx Europe 600 Index was down 0.9%.

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