Silver is up over $14 again, while the mining shares are taking a hit. Not much news on the wires to account for this kind of percentage move, so rumors and interpretation are bandied about. This is not the time for me to step in and be the hero. Someone may know something that I don't. In any case, fast markets are not a good time for position traders (like me). If someone else wants to be the hero, they are welcome to don the cape.
TXU a Texas utility moves up on a nice earnings report, a bit extended to buy right here, but maybe on a pullback. TLT the bond ETF is nearing longer term support at 82 (83.60+ today) and might be a good time to accumulate. Other earnings movers include ARJ and GPI. GPI is a used car dealer chain, also does financing and repair. It is interesting to see this stock so strong when auto parts and manufacturing have been so weak. ADM reports strong earnings. With the news about ethanol, and plans to increase production to mix with gasoline, there is a story behind it.
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