Metals Massacred, Dollar Attacks Euro, See Sawing Stocks

The Precious metal massacre continued today as gold dropped below $800/oz continuing the steepest decline in over 20 years of 25%. This drop is attributed to the aggressively advancing US Dollar and metal holding liquidations among other factors. Stocks surged on positive Consumer data and lower oil then quickly retreated after it was realized that the data did not meet economist's forecasts. This resulted in a see sawing session with wide swings and a mixed close. The DJIA closed up +43.97 to 11659.90, the Nasdaq gave back +1.15 to 2452.52 and the S&P 500 advanced +5.26 to 1298.19.

American Apparel (APP | Quote | Chart | News | PowerRating) - The Hipster clothing maker posted profit forecasts that may beat analysts estimates resulting in the stock adding 25.38% or $1.66 to $8.24/share.

Chevron (CVX | Quote | Chart | News | PowerRating) - The oil company lead the losers in the DJIA today with a 1.96% or $1.68 pull back to $84.25/share on quickly dropping oil prices.

Mentor Graphics (MENT | Quote | Chart | News | PowerRating) collapsed 26.21% or $3.67 to $10.33/share on a surprise refusal to be bought out by Cadence Design.

Harman International (HAR | Quote | Chart | News | PowerRating) led the S&P 500 lower today, as the high end audio product maker, reported 11% less profit than analysts forecast dropping 13.95% or $6.00 to $37.00/share.

Gold plummeted $22.10 to $792.40/oz, oil gave back $1.28 to $113.73/barrel and the VIX fell 3.74% to 19.58.

Win up to $10,000 predicting the direction of a stock!