Thur, 1/11/2012 3:55 PM – Banks Up, Gold Up

Banks continue to do well as well as commodity related stocks like FCX. The overall market is only minimally higher after clawing its way back from an AM selloff initiated by lower European shares.

Gold is up .67%. In the last few months it has been trading in line with the stock market, though more volatile. It will be interesting to see what gold does if we continue to get poor news out of Europe. It used to be that kind of news helped gold and hurt stocks. Could it be that gold is now going up in either case?

Oil is off 1%; the dollar is up again; bonds are mixed with treasuries doing well and others down very slightly.

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