| The KUIK Morning Market Report for Monday, May 20: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (25) | points | 15,332 | 7:00 AM | ||
| S&P500 | Down | -0.04% | percent | 1,667 | (0.72) | points | |
| Nasdaq Composite | Up | 0.03% | percent | 3,500 | 1.00 | points | |
| 30 Year Treasury | Down | (2) | Basis Points | 3.14 | Annual Yield | ||
| Gold prices have fallen more than 7% this month following April’s loss of 7.8% with the market hurt by outflows from gold-backed exchange-traded funds. June Gold is off its lows but down 1.6%, to $1,356.10 an ounce on the New York Merc, on track for it’s eight straight loss. Silver also is dropping. July Silver fell 2.7%, to $21.75 an ounce. Silver had session low of $21 a level not seen since September 2010. | |||||||
| The Federal Reserve can only slow the pace of its mortgage-backed securities, as a sudden stop would be “too violent” for the market, said Richard Fisher, the president of the Dallas Federal Reserve Bank on Monday. The Fed is buying $85 billion of Treasury and MBS per month. In an interview on CNBC, Fisher said he would have voted to start tapering the purchases at the Fed’s last meeting at the end of April. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/gold-extends-losing-streak-as-bearish-bets-rise-2013-05-20 | |||||||
| http://www.marketwatch.com/story/feds-fisher-wants-to-slow-pace-of-mbs-purchases-2013-05-20 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||