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I know the US stock market is down tomorrow, but I don't know about the commodity markets. My assumption is they are UP.

Can someone confirm?

Friday is Good Friday AND the first day of Passover, so I would doubt it but don't know for sure.

Confirmed closed on CME Group holiday calender: http://www.cmegroup.com/tools-informati ... index.html

AGgressive Metal wrote:Confirmed closed on CME Group holiday calender: http://www.cmegroup.com/tools-informati ... index.html

That just means they're closed in the States. I wonder if the Asian markets will be closed?

near the top of this page

http://www.kitco.com/market/

ok, so that begs the question...after a bit of a dip like we've had, and then a long weekend, when they come back will traders be eager and make the prices jump up, fall down, or will they just ease back in slowly?

rexmerdinus wrote:ok, so that begs the question...after a bit of a dip like we've had, and then a long weekend, when they come back will traders be eager and make the prices jump up, fall down, or will they just ease back in slowly?

Asian markets are still open, we can watch what happens for one more day without American market participation.

Did gold trade today?
The US payrolls number was poor (120k vs expected 200k).
SP500 futures were down quite a bit in shortened holiday trading.
The dollar was also down.
But I haven't seen anything much about PMs.

barrytrot wrote:I know the US stock market is down tomorrow, but I don't know about the commodity markets. My assumption is they are UP.

Can someone confirm?

Down is right... the DOW futures dumped -150 points this morning. I suspect PMs to follow on Monday.

150 points is a common move (up or down) in this market I wouldn't take anything by that. Other than (slightly) the direction.

Now if it were 500 points, that's a big deal but 150 is nothing.

barrytrot wrote:150 points is a common move (up or down) in this market I wouldn't take anything by that. Other than (slightly) the direction.

Now if it were 500 points, that's a big deal but 150 is nothing.

Even if it's not -500 points... these markets are hanging by a thread.

This entire stock market rally has been phony since 2009. Trillions of funny-money dollars have been pumped into it. Over the past year 80% of it has been algo-bot/HFT trading on very low volume. The human traders have disappeared. Take a look at the CNBC bobbleheads broadcasting live from the NYSE everyday... no one but the specialists standing behind them.

AAPL IS the stock market... when it breaks down the entire market will go with it. I'm looking forward to it. Hopefully the PM paper prices will come down with it. I need to buy more gold, but not at the current price.

Cu penny,

That actually may all be true. Fairly sound logic.

Of course, the limit to funny-money is probably quite a few more trillions!

barrytrot wrote:Cu penny,

That actually may all be true. Fairly sound logic.

Of course, the limit to funny-money is probably quite a few more trillions!

Quite possible. Market is running on fumes. My gut tells me a big down day is close at hand. Let's see what next week brings.

To combat potential drops in the market it is good to focus on stocks with very low P/E ratios as they simply cannot drop as much as say, "Amazon" which has a P/E that reminds people of the 2000 dot-com bubble and have about 90% to drop if all goes sideways.

Apple, surprisingly still has a relatively reasonable P/E at 18. However, I'm not an Apple investor (sorry to say thus far ) because of the fact that their earnings could literally drop by 75% if someone simply makes a new tablet, phone, or whatever that takes any bit of traction. Apple, in my opinion, is in bullet-dodging matrix style mode right now with every other company taking their best shot. They have proven to be "Neo" for about 5 years, but who knows when they are finally going to take one to the gut! When they do, as you say, they will plummet like the "Superman ride" at Six Flags California, and will create a pretty negative vacuum for the rest of the market to get sucked into.

That said, I think Apple will continue to "Neo" for at least another year, probably not as well, but I wouldn't recommend people dumping Apple stock just yet. Although I personally did when it was at 200 But not because I thought they were doomed any time soon, only because I try to be on board with a company that has at least 5 good years left, and a year and a half ago I just didn't think Apple had 5 years left, and I don't think it has 3.5 left now, but it probably has 1.5.