Today's Market, Monday

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jcwillis

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Today's Market, Monday

posted on Aug 22, 2011 09:00AM

Asia down overnight and Europe up at this time. US futures saying up at open.

However, Gold and Silver spiked at open last night, then Gold started selling off at open of London, and later Silver selling off a little bit after close of Hong Kong. Might see some pullback from profit taking on Gold and Silver, if US Market has a Mutual Fund Monday. Although, futures could be a head fake. Thinking today and possibly tomorow will see some relief, but week will end up rough and likely down.

No big economic news today, so no news is good news. Be aware that later this week will be GDP numbers, new home sales, durable goods, along with jobless claims on Thursday and Uncle Ben chatting from Jackson Hole on Friday.