Gold drops $104 to 1757.30, stocks rise on QE3 hopes, MH rises too.
CNNMoney reports that while there are no guarantees, some traders in the markets responded to hopes of a possible QE3 announcement by the Fed this Friday. The Manufactured Housing Composite index rose 3.34% to close at 770.5. AMG 81.87 +1.44 (1.77%), but retreated in after hours trading. Clayton Homes, Vanderbilt Mortgage & Finance and other MH builders, lending and supplier parent Berkshire Hathaway closed at 106350.00 +2500.00 (2.41%). Cavco Industries 31.31 +0.68 (2.22%). Champion Enterprises, Deer Valley, Liberty Homes and Palm Harbor all remained unchanged. Drew 18.91 +0.22 (+1.18%). ELS 64.97 +1.42 (+2.23%) Nobility Homes 7.39 +0.38 (+5.42%) Patrick 1.9399 -0.0101 (-0.52%). Skyline 10.02 +0.56 (+5.92%) Sun Communities 36.73 +1.07 (+3.00%) Third Avenue Value Fund (TAVFX) 45.06 (8.23) 45.06 +1.13 (+2.57%). UMH 9.56 +0.08 (0.84%). UFPI 28.25 +0.77 (2.80%), but retreated in after hours trading.
(Graphic Credit: RealTick and CNNMoney)
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