Looking at the gold charts today we find a solid bounce off support at $14.90 on the iShares Gold Trust (IAU, [stock IAU]). iShares Gold Trust has been in descending channel since early February dropping over 14% since before bouncing off solid support
U.S. futures take it on the chin after the U.S. weekly jobs report
U.S. J0bless Claims
Wal-Mart reports earning ahead of the bell.
This stock market has problems. Problems indeed! With what appeared to be an oversold bounce this morning was shattered on more negative news from the ECB cutting funding to certain Greece’s banks not to mention the FOMC statement about highlighting several members saw the need for additional stimulus causing the bulls packing once again.
Breaking News – Fed Minutes
Breaking New April’s housing starts are out:
Breaking News – Target (TGT) out with earnings.
Consumer Economic Data Results.
Producer Price Index
