Precious metals launch today.
Were you tracking the precious metals this morning with the ExactPrice app? Wow. You would have seen what happened when the news of China’s interest rate hike hit.
You can read more about it from Trader Dan’s analysis: Hourly Action In Gold From Trader Dan.
Check out this chart showing the number of underwater mortgages in the USA today. It’s scary: Chart: Owing more than home is worth
This is not what I call good news: US credit card usage rise for first time since August 2008
KWN Source – Expect Massive Chinese Gold Buying Using GLD <- China is hungry for the metal
Right now gold is down from it’s high of the day. As I look at the widget it’s $1,362.90. Silver also is over the thirty dollar mark at $30.36.
I’ll be watching tomorrow. Will you? 😉