Investment & Finance Thread (Apr. 20 edition)

Here's what others are saying about what's going on--

Gold / Silver / Copper futures - weekly outlook: April 21 - 25

Investing.com - Gold prices ended the week sharply lower on Thursday, falling below the $1,300 level as indications that the U.S. economic recovery is progressing dampened safe haven demand for the precious metal.

Gold ends week below $1,300 level on stronger U.S. economic outlook

On the Comex division of the New York Mercantile Exchange, gold futures for June delivery ended Thursday’s session at $1,294.90 an ounce. The precious metal ended the week down 2.34%. The Comex was closed for Good Friday.

Gold came under pressure after upbeat U.S. data on manufacturing and employment pointed to underlying strength in the economy.

The Labor Department reported the number of people filing for unemployment benefits edged up to 304,000, below analysts’ forecasts and not far from the six-and-a-half year low of 300,000 touched the previous week.  [more here]

Stocks Rebound After Nasdaq Selloff

By Philip Springer on April 18, 2014

U.S. stocks ended a holiday-shortened week with the Standard & Poor’s 500 making its biggest weekly gain in nine months. For the four days, the S&P 500 added 2.7 percent and both the Dow Jones industrial average and the Nasdaq Composite advanced 2.4 percent.

The weekly result is worth noting because it marks a strong turnaround after six weeks of turmoil that primarily affected overpriced information technology, biotechnology and other issues, mostly in the Nasdaq Composite.

By the end of last week, the bursting of that bubble was showing an increasing tendency for the selling to spread to the broad market. That hasn’t happened, at least not yet. In its reversal from an oversold condition, the market benefited from several developments... [more here]

--and IBD still hasn't announced a this correction's 'follow-thru-day', although fwiw if we get more consolidation it might be as early as Tuesday...