Says here: There's a Simo Train At The End Of This News Route
"Sure hope I have my chair positioned right"
The Metals:
Gold gained $8.60 to $1216.10 by a little after 6AM EST before it chopped back towards unchanged by midafternoon in New York, but it then edged back up into the close and ended with a gain of 0.22%. Silver rose to as high as $15.485 and ended with a gain of 0.39%.
Euro gold fell under €1044, platinum gained $12.50 to $834.50, and copper climbed 2 cents to about $2.74.
Gold and silver equities fell in afternoon trade and ended over 1% lower on the day.
The Economy:
New Trump sanctions on Iran take effect despite pleas from allies Reuters
One reason why wages aren't rising faster: The gutting of middle-manager positions MarketWatch
Job openings inch up in June to third-highest level on record MarketWatch
There are no major economic reports due out tomorrow.
The Markets:
Oil edged higher on continued concerns about Iran.
The U.S. dollar index fell as the pound and euro bounced back on easing Brexit concerns.
Treasuries fell as the Dow, Nasdaq, and S&P rose on economic optimism.
Among the big names making news in the market today were Bitcoin, Twilio, Domino's Pizza, Tesla, Zillow, Mallinckrodt, and Dean Foods.
New Gold’s (NGD) filed technical report, Taseko’s (TGB) second quarter results, Nevsun’s (NSU) filed technical report, Fortuna’s (FSM) construction update, and Hecla’s (HL) continued discoveries were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. DRDGOLD
DRD +2.55% $2.41
2. Nevsun
NSU +2.47% $3.74
3. Gold Standard
GSV +1.86% $1.64
LOSERS
1. New Gold
NGD -8.33% $1.21
2. Fortuna
FSM -6.37% $5.00
3. Alio Gold
ALO -5.93% $1.27
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
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