nine hundred seventy one and one nine hundred eighty according to technical analysis by citigroup global markets incorporated now i want to show you this chart here max and this is provided by ned naylor leland and as you see the red circle there that's where we were just april and before that twenty five percent correction as you see it's very similar to what happened in the one nine hundred seventy nine run up a thousand percent run up from that secular low and then it took a twenty five percent breather and then as you see it zoomed ahead to all time highs at that point well this is where ideologically speaking we have to see that the c.m.e. is called with their pants down because if they were truly concerned about volatility they would let the natural order flow and price discovery occur in the precious metals markets including sober and you know. a lot of the capital flowing out of spec of bets flowing out of the margin accounts and buying into precious metals and this would recalibrate or rebalance the system and reduce overall volatility but the fact that they actually monkeying around wi

global wave of jitters and selling hit asian markets this morning. as that wave hit here yesterday, all ten industry groups on the broader s&p 500 fell. bank of america, citigroup, and hewlett-packard were among the stocks hitting new 52-week lows. despite boasting stellar earnings, both kraft and gm fell. >>> a retreat from stocks, gold briefly hit a record high but then tumbled. oil fell even more than stocks. 6% or more than $5 a barrel. and agitated investors were so desperate to get into bonds they were willing to accept almost no return just to get their money into a safe spot. how quickly were stocks being dumped? well, bank of new york told large investors like pension funds and investment houses, it would start charging to hold their cash because they were depositing so much after selling off shares. in things weren't tense enough today, the government releases its all-important payroll report. many expect a slight rise in unemployment. >>> well, don't bug the ump. real cool fans don't need a glove to snag a foul ball. tiger woods is back on the golf course, but did he bring his game with him? your early morning sports headlines are straight ahead. >>>

global wave of jitters in selling hit asian markets this morning. as that wave hit here, all ten industry groups on the broader s&p fell. bank of america, citigroupp were among the stocks hitting new 52-week lows. despite posting stellar earnings, kraft and g.m. fell. gold briefly hit a record high then tumbled. oil fell even more than stocks, 6% or more than $5 a barrel. >>> and agitated investors were so desperate to get into bonds, they were willing to accept almost no return just to get their money into a safe spot. so how quickly were stocks dumped? bank of new york mellon told investors like pension funds and investment houses it would start charging to hold their cash because they were depositing so much after selling off shares. and as if things weren't tense enough, today the government releases july's all-important payrolls report. many expect a slight rise in unemployment. >>> well, don't bump the ump. the yankees beat up on chicago again. and real cool fans don't need a glove to snag a foul ball. >>> plus, tiger woods is back on the golf course, but did he bring his game with him? your first look at sports is straight ahead. it's a ne

over to europe markets there on the downside as well extending a global sell off all sectors are trading deep in the red with banks among the west before was well bank of scotland citigroup is now losing eight percent and plunged as much as twenty one percent early in the day that's after the bank swung to a second quarter looks and markets in russia joined the panic across international trading floors the r.t.s. is down three and a half percent of my xix is to have a percent lower now let's have a look at some individual first on the why six energy majors among the worst performers on low oil prices gazprom is losing nearly four percent have fell to its low. since december after oil plunged in new york that's all speculation that fueled a manner for financial stocks are also under pressure and telecommunications company was telecom one of the worst klein as the six percent in the wrapper so. the markets are in turmoil have the u.s. has managed to stave off a potentially crippling default but many countries are considering reducing their large dollar reserves into other less risky currencies however saying you guys over at burbank argues there are. japan and switzerland