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  • Wall Street down again, Gold blasts $1850 0 comments
    Aug 19, 2011 5:40 PM | about stocks: SPY, GLD, USO, FXE, UUP
    US stock markets closed lower on friday 19th of August.
    Silver and Gold closed strongly higher with Gold registering new highs, hitting over $1880 during the session.
    The Euro was higher over half figure vs the USD.
    West Texas Intermediate Crude Oil closed around $82,50 per barrel.

    The Big Picture

    On friday 19th of August, US stock markets closed lower, accompanying eurpean bourses. Wall Street registered it's worst four-week drop since March 2009

    Source: Dshort
    Outlook

    S&P 500 presents resistance at 1210 to 1217 points and some support at 1100 to 1089 points and lower at 981 points.

    Gold presents short term resistance at $1865 to $1872 and support at $1689 to $1656.

    The Euro euro presents resistance at $1,4480 and $1,4750 and support at $14230 and $1,3730.

    Crude Oil presents short term resistance at $8830 and $92,10 and support at around $77,30.

    Watch top financial clips updated everyday at:   TAO Investor

    Thursday Aug 19th video clips with: David Morgan, Art Cashin, Peter Schiff


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