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  • Wall Street little changed, Gold peaks above $1900 0 comments
    Aug 22, 2011 6:15 PM | about stocks: SPY, GLD, USO, FXE, UUP
    US stock markets closed little changed on monday 22nd of August.
    Silver and Gold closed strongly higher with Gold registering new highs, hitting over $1900 during the session.
    The Euro was lower almost half figure vs the USD.
    West Texas Intermediate Crude Oil closed around $84 per barrel.

    The Big Picture

    The Second Great Depression has started, stock markets will suffer an historical crash that will be clear in 2012. This Greater Depression is just starting and will last several years, changing the political structure of the world. Crisis generate carismatic leaders with a ditactorial style and great wars.

    Gold and Silver are taking their rightful place as currency with intrinsinc value, unlike paper currencies.

    They are refuge and protection, also from a fiscal perspective.

    Source: Dshort
    Outlook

    S&P 500 presents resistance at 1150 and 1210 points and some support at 1100 to 1089 points and lower at 981 points.

    Gold presents short term support at $1825 and lower at $1656 to $1645.

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

    Crude Oil presents short term resistance at $88,80 and $91,50 and support at around $78.


    Watch top financial clips updated everyday at:   TAO Investor

    Monday Aug 22nd updated video clips with: Ben Davies, Marc Faber, Jim Rickards

    Stocks: SPY, GLD, USO, FXE, UUP
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