Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Wall Street down again, Gold blasts $1850

|Includes:FXE, GLD, SPDR S&P 500 Trust ETF (SPY), USO, 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


Stocks: SPY, GLD, USO, FXE, UUP