Tuesday, January 29, 2008

Daily Fundamentals 1/29/2008

Good Morning,


This morning we had durable goods numbers come out its at 5.2% it was expected to be at 1.9%. Core Durable goods came out up 2.6% percent. The national home price index came out down 7.7%. Later this morning consumer confidence comes out at 10am EST.

The big thing to watch this week is gold. Sitting at 925 and oz. If the fed lowers rates another big percent gold could hit 950 to 975 and oz.

JP

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