"The major U.S. equity indices closed lower Tuesday, following an increase in the dollar against the euro.
Treasury prices increased for the first time in three days.
The 10-year note yield fell 2.86%, down from 2.95%.
The National Association of Home Builders reported a boost to its November housing market index at 16, under forecasts looking for a reading of 17.
In corporate news, Abercrombie & Fitch Co. (NYSE:ANF) reported Q3 net income of $50 million, or $0.56 per share, up from $38.8 million, or $0.44 per share, in the year-ago period. Total net sales for the quarter rose 18% year-over-year to $885.5 million, and total international net sales jumped 87% to $164.1 million.
Home Depot (NYSE:HD) reported Q3 earnings of $0.51 per share, ahead of estimates of $0.48 per share. Revenue for the quarter was inline at $16.6 billion.
The Dow Jones Industrial Average (DJI) closed 1.59% lower at 11,023.50, the S&P500 (INX) closed 1.62% lower at 1,178.34, and the Nasdaq Composite (IXIC) closed 1.75% lower at 2,469.84."
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Tuesday, November 16, 2010
The Silver & Gold War is ON! Paper vs. Physical
The Silver War is on. Everywhere I look the powers that be are waging war against true money. Janet Napolitano recently mentioned on a radio show that TSA may limit metal carried on airplanes by passengers. Unbelievable! JP Morgan & HSBC continue to manipulate the prices of precious metals downward. Investors that understand the gravity of our economic situation are wholesale dumping paper for physical metals.
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Paper vs Physical
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