Markets closed up on Wall Street: DJI +0.29% SP500 +0.22% Nasdaq +0.46% Gold +1.11%
The markets were up because:
- Investors smashed the US Dollar (UDN) after G-20. Everyone is watching what the Fed does, not what Geithner says. Check Out: Is the US Irrelevant to the G-20? >>
- Housing Sales came in above Wall Street expectations. Sales rose 10% to 4,530,000 while Inventory dropped 1.9% to 4,040,000 homes (10.7 months supply). Don’t Miss: Wall St. Watchdog reminds us how we got all these homes for sale in an Exclusive Interview with Charles Furgeson, Director of “Inside Job” >>
- Gold (GLD) resumes it’s upward flight. When the Dollar gets bashed, Gold Glitters.