Roger Biduk writes:
One big news story tomorrow will be the purchase of Merrill Lynch (MER) by Bank of America BAC).
You can read more about it here on my U.S. blog.
Another will be the bankruptcy of Lehman Bros. (LEH) if that happens. It hasn't yet as there still might be some kind of last-minute deal before midnight but it doesn't look good.
Currently, gold is up $22.50 or 2.94 and silver is up 4%. That should bode well for the gold stocks I mentioned in last Thursday's blog that were all up huge on Friday.
If Lehman does go under the US$ should drop and there should be a nice rise in gold.
Oil is down 2%, breaking the $100 mark to $99.39.
Roger Biduk's website
Roger Biduk's blog on the U.S. markets
rogerbiduk@rogerbiduk.ca
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