Home > Markets > Pre-market news: May 2, 2011

Pre-market news: May 2, 2011

The combination of the death of OBL and the overseas selling of silver will make the mornng session a roller coaster ride.

Spot silver is already well off its overnigfht bottom, but its a certainty that there will be another selling rush at the open. Cool hands will be buying, as the economics of silver and the US debt have not been changed by the overnight news.

Longer term: tech still lags but with clear leadership in the sector cioming from INTC

Biggets gainers in the US are the large cap “staples: WMT, JNJ, MRK, MCD, KO

BHO is a lock for re-election if he can get thru the budget negotiations by looking Presidential and protecting the people

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