Thursday, December 8, 2011

Thursday 12/8/11 A Rough Day for Stocks, Gold Falls as Well

When the Dow makes a move of about 200 points (about 2%), or if gold moves by about 2%, I will provide extra market updates when possible. Today the Dow lost 198 points to 11,997 — to finish below the psychological 12k mark.

Gold took a $32 hit to $1712, or a decline of about 2%.

What went wrong for the bulls? In a word, Germany. It is maintaining the stiff upper lip, trying to take the high road on fiscal matters. As I have explained, Germany in particular, is not happy with the southern European part of the EU that is looking for massive bailout handouts. Germany today has shown this resentment .... please read more at:

No comments: