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Gold and Oil Showing Weakness (NYSE:GLD) (NYSE:USO)

Posted by Aadil on October 21, 2010 at 5:34pm

By Gareth Soloway on October 21st, 2010 12:37pm Eastern Time A rare occurance today as oil and gold are very weak when the U.S. Dollar is flat. Usually, the U.S. Dollar would have to be up nicely to be causing this weakness in both oil and gold. This tells us there is a little extra fear in the market today or worry about the growth of the global economy. China reported weaker than expected economic numbers, this is most likely the cause. The SPDR Gold Trust (ETF) (NYSE:GLD) is trading at $129.88, -1.44 (-1.10%) while the United States Oil Fund LP (ETF) (NYSE:USO) is trading at $34.97, -0.62 (-1.74%). To get swing trades, premium market guidance and education, join the Research Center. Gareth Soloway Chief Market Strategist www.InTheMoneyStocks.com #1 Rated
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China’s economy cools but remains strong Analysts say slowdown more a function of comparison with 2009- Marketwatch

Posted by Aadil on October 21, 2010 at 6:40am
By Chris Oliver, MarketWatch HONG KONG (MarketWatch) — China’s economic growth cooled in the third quarter, while September consumer prices rose at their strongest pace in nearly two years, but analysts said there were few signs of a “double-dip” slowdown. http://www.marketwatch.com/story/chinas-economy-cools-but-remains-strong-2010-10-20
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Bernanke Denies Stock Market Manipulation by Federal Reserve -

Posted by Aadil on October 20, 2010 at 9:40pm
Bernanke Says Fed Does Not Engage In Stock Market Or “Individual Stock” Manipulation; Some Loose Ends On FX Swaps. Another wonderful question to which Bernanke, unless he had completely lost his mind, gives a negative anwer, is whether any foreign banks that were the recipients of FX swaps, used the proceeds to buy US Treasuries. Obviously, Bernanke's answer is no, as this would be yet another shadow monetization process. Tyler Durden|Zerohedge.com http://www.menwithfoilhats.com/2010/06/bernanke-denies-stock-market-manipulation-by-federal-reserve/
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