What an impressive day for the Market---up 222 points. Still I would be skeptical. I personally think it is artificially being held up. The sell in May and go away theology so far is defying all odds--for now !
Oil--API report came out with a 3.45 M barrels build at Cushing Okla. 1.46 M barrels build with gasoline. Cushing is nearly out of capacity for storage. There are reports of expansions for storage in India and here. I`m not sure but I think this will be new for India. We have a Glut of oil. No one is slowing down pumping so I suggest if this interests you to check other information available.
The Dollar is low yet but has gained some value. Due to such an unpredictable market I will refrain making any further comments on it.
Silver and Gold held even today but watch for a increase with the dollar. Gold and Silver are sensitive to any dollar rise.
1811 Capped Bust Half Dollar
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