dow2664
Stock action took an upward swing towards end of day close for November 5th, 2010. Trendlines for index values were mostly moving in a positive direction by end of day as stocks ended mostly higher after a positive jobs report. Through mid-day trading today, the dollar had strengthened against the euro, the British pound and the Japanese yen. Gold rate movement was interesting throughout the day today. Gold for december delivery rose almost $13 dollars earlier today to $1,396 an ounce but this was actually negative movement coming off of it’s intra-day trading high of $1,397.70 an ounce. The stock market saw potential signs of moving higher today, it was a flirting game through mid-day but trends finally broke free. The Dow, along with the S&P 500, saw their biggest weekly advance in over two months. By the end of day close, Gold for December delivery was posting in the green and remained at $1,397.70 an ounce. Silver was in the green as well and posting at $26.75 an ounce. Platinum for January posted end of day numbers moving up to $1,768.90 an ounce. The dollar held ground and more by strengthening against the euro, pound and yen. Commodities in general went on a run this Friday and Gold specifically surpassed Thursday’s settlement record. Futures are looking bright, or should I say yellow. Author: Camillo Zucari
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