Thread: Buy Gold

Daily Market Commentary for June 8, 2010

Buy Gold

Investors decided to buy gold in the heat of the European debt crisis, helping push the precious metal to record highs. (Read more at Millennium-Traders.Com)

Economic data released today:

IBD/TIPP Economic Optimism:
U.S. June IBD/TIPP 6-Month Economic Outlook 46.0; U.S. June IBD/TIPP Economic Optimism Index 46.2 versus 48.7 in May.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit gain 120.62 points, EOD 9,937.11
NYSE (New York Stock Exchange) gain 83.58, EOD 6,596.00
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 2.79 points, EOD 2,171.11
S&P 500 (SPX) gain 12.11 points, EOD 1,062.58
BEL 20 (BEL20) shed 21.16 points, EOD 2,390.89
CAC 40 (CAC40) shed 33.36 points, EOD 3,380.36
FTSE100 (UKX100) shed 40.91 points, EOD 5,028.15
NIKKEI 225 (NIK/O) gain 17.14 points, EOD 9,537.94

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,872, declined stock prices 1,248, unchanged stock prices 93, stock prices hitting new highs 25 and stock prices hitting new lows 133. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: MA shed 2.47, HOD 202.33, LOD 195.35, EOD 197.60; EPD gain 0.13, HOD 33.48, LOD 32.29, EOD 33.38; BP shed 2.09, HOD 36.12, LOD 34.15, EOD 34.67; RIG shed 2.71, HOD 48.52, LOD 44.05, EOD 46.46; DO shed 2.22, HOD 57.48, LOD 54.70, EOD 56.99; EOG gain 4.13, HOD 105.79, LOD 101.20, EOD 105.27; CME gain 0.25, HOD 301.90, LOD 290.90, EOD 298.66; DG gain 0.59, HOD 30.35, LOD 29.38, EOD 29.82.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,081, declined stock prices 1,581, unchanged stock prices 134, stock prices hitting new highs 8 and stock prices hitting new lows 187. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: AAPL shed 1.4617, HOD 253.80, LOD 245.65, EOD 249.33; UPRO gain 3.54, HOD 126.66, LOD 119.17, EOD 125.64; AMZN shed 3.18, HOD 122.00, LOD 115.80, EOD 118.83; PCLN gain 0.34, HOD 180.34, LOD 173.32, EOD 176.73; DEPO shed 0.09, HOD 3.39, LOD 2.90, EOD 2.94.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 230, declined stock prices 262, unchanged stock prices 35, stock prices hitting new highs 6 and stock prices hitting new lows 18.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1062.00; Change 14.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,795.75; Change 0.00
E-mini DOW $5 (YM) Mar 10: EOD 9,939; Change 145
E-mini S&P MidCap 400 (MF) Mar 10: EOD 724.90; Change 5.70
Nikkei 225 (Yen) Mar 10: EOD 9,530; Change 125

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.8366 to U.S. Dollars 1.1900
Japanese Yen 91.3450 to U.S. Dollars 0.0109
British Pound 0.6933 to U.S. Dollars 1.4400
Canadian Dollar 1.0508 to U.S. Dollars 0.9540
Swiss Franc 1.1529 to U.S. Dollars 0.8672

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (July 10) gain $0.55, EOD $71.99 per barrel ($US per barrel)
Heating Oil (July 10) shed $0.00, EOD $1.97 a gallon ($US per gallon)
Natural Gas (July 10) shed $0.10, EOD $4.81 per million BTU ($US per mmbtu.)
Unleaded Gas (July 10) shed $0.00, EOD $1.99 gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 10) gain $4.70, EOD $1,244.00 ($US per Troy ounce)
Silver (June 10) gain $0.31, EOD $18.47 ($US per Troy ounce)
Platinum (June 10) gain $11.50, EOD $1,526.80 ($US per Troy ounce)
Copper (June 10) gain $0.01, EOD $2.77 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 10) shed $0.15, EOD $77.62
Pork Bellies (July 10) shed $3.00, EOD $94.80
Live Cattle (June 10) gain $0.15, EOD $89.95
Feeder Cattle (August 10) gain $0.45, EOD $108.85

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 10) gain $1.50, EOD $337.25
Soybeans (July 10) shed $4.00, EOD $931.00

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Thanks for reading
Millennium-Traders.Com

Our recommendation, if you want to have or own or hold actual gold, is to buy gold, and not a representation of it. Buy physical gold and have it stored. You can buy small bullion bars or large one depending on your own personal financial situation and one can buy on a regular basis to build up a gold store. But certainly we do not recommend you buy unallocated gold as, really, you are only buying a piece of paper that says your account is worth the same as the futures gold price. Not actually gold.



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