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Markets to be down like that sharply, then you start having rumors out there which are unsubstantiated. The dollar was very strong today. We either best currency out there, so the dollar will rally on that news. Gold had good action yesterday. Tick below 1,600 and rallied back in the afternoon and the equities followed. I thought it was a pretty good sign today. Turned out to be a head fake. Complete head fake. Now well approach 1,550 in gold, maybe a support level and maybe we get value because theres a lot of value in the gold play. Definitely one thats underowned and underappreciated. Matt cheslock, watching gold. Thank you, my friend. Down 100 points on the dow today and the nasdaq 47 points. Former fed governor will respond to the fed minutes and earnings from tesla in the second hour of the closing bell. And welcome back to the closing bell, everybody. Boy, what a last hour weve just had. Im mandy drury sitting in for maria bartiromo. Bill griff sit coming back in just any moment ....
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hardly at all, bill. so we re wrapping up this wild week with a tepid game today for the dow. bob pisani, you had a front-row seat. what d you make of all of this? what s it all mean, robert? there s buyers underneath all of this. we were down 125 points at the open and the market came back in the middle of the day. essentially, look, that s exactly the same chart we had yesterday. the dow was down about a hundred points, 20 minutes after the open, and boom, we came right back. i know it doesn t seem very exciting, but we got a little dip and here comes the buyers again. that s why i think a lot of people are trying to play the end of the stock market rally a little bit prematurely. so let s take a look at some other things. by the way, one of the reasons the dow was doing so well, procter & gamble, yes, they re bringing will lafley back, and we re less than a dollar off of an historic high for procter & gamble. that s the historic high we saw in april. interestingl ....
the market, even at these levels. yeah, also another first on cnbc interview coming your way. billionaire elon musk will be joining us in a little bit. the tesla founder, embroiled in two battles. one with texas and one with sarah palin. both centering around his high-end electric cars. you do not want to miss this interview. and to see what musk has to say about that business. stay with us for that. and maria, former apple ceo, john sculley, giving some advice to apple s archrival, samsung. what s the advice? we, he thinks samsung should hire former jcpenney ceo, ron johnson. sku skulley s here to explain why in an exclusive interview. let s get to the markets as we approach the final stretch. take a look at where we are. a gain of 64.5 points. earlier today, the market had been lower, lower down as much as 17 points on the dow. the high, up about 85 points on the dow industrials. and as you can see, we are holding on to a double-digit move. nasdaq up 3.5 points, ....