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Friday, August 26, 2011

US GDP lower then expectation 1.0% GLD and VXX in Play

US GDP came lower then expected to 1%. As predicted yesterday, GLD  rallied from $165 to $172 almost 4%  and VXX opened $39.45 to $ 41.73 almost 5% . With the crisis in the Europe and US market, VXX and GLD holds a safe bet.
Stocks for today are GLD, VXX, TIF. Stocks expected to open low are OVTI and ERX.


PriorConsensusConsensus RangeActual
Real GDP - Q/Q change - SAAR1.3 %1.1 %0.7 % to 1.6 %1.0 %
GDP price index - Q/Q change - SAAR2.3 %2.3 %2.3 % to 2.4 %2.4 %





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