Market Mover: Durable Goods come in Weak; Ford narrows 1Q loss, Gold on a tear back over $900…

Durable Goods Orders just released for March..came in less weak than expected, down 0.8%, but February also revised downward..

FORD is kickin axx and takin names on their results, FORD is government free! Now with LESS GOVERNMENT! They should put it on a label it will increase sales no doubt!!!!

Ford Motors posted a smaller-than-expected first-quarter loss and said it was on track to at least break even in 2011 and did not expect to seek U.S. government loans, sending its shares up more than 22 percent.

The company expects to be profitable in 2011, Ford CEO Alan Mulally told CNBC’s Phil LeBeau.

“We are really turning the tide in North America,” Mulally said, adding that the industry may have hit bottom.

In response to that, Ford will increase production in the U.S. by 25 percent in the second quarter, he added.

GOLD is on a tear, back up to$910.5 and still climbing….

MiM still likes Gold anytime it backs down under 850….

Bowie montage courtesy of midevilfreako

April 24, 2009. Tags: , , , , , , , , . Economy, Finance, Music, Popular Culture, Uncategorized, Wall St. Comments off.

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