Thursday, September 06, 2018 10:10:54 PM
Closing Report Howdy everyone
Hope your Having a Good Evening
J:D
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The Metals:
Gold waffled near unchanged in Asia before it rose to see a $9.70 gain at $1206.70 in early New York trade and then fell back to about unchanged by midday, but it then edged back higher in afternoon trade and ended with a gain of 0.23%. Silver slipped to as low as $14.1119 and ended with a loss of 0.21%.
Euro gold rose above €1032, platinum gained $12 to $789, and copper climbed 2 cents to about $2.63.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
U.S. factory orders fall in July on weak aircraft demand Reuters
U.S. Service Industries Expanded in August by More Than Forecast Bloomberg
U.S. jobless claims fall to near 49-year low Reuters
ADP: U.S. creates 163,000 private-sector jobs in August MarketWatch
U.S. second-quarter productivity growth unrevised at 2.9 percent Reuters
Tomorrow brings August’s jobs data.
The Markets:
Oil fell over 1% after the Energy Information Administration reported that crude inventories fell 4.3 million barrels, gasoline inventories rose 1.8 million barrels, and distillates rose 3.1 million barrels.
The U.S. dollar index chopped near unchanged and ended slightly lower ahead of tomorrow’s jobs data.
Treasuries rose as the Dow, Nasdaq, and S&P traded mostly lower on trade, economic, and political uncertainty.
Among the big names making news in the market today were Tesla, Ford, CBS, BioCryst, and Uber.
GATA Posts:
Fed rejects bank for being too safe
Alasdair Macleod: Apocalypse, or not?
Gold market intervention by BIS declines after $100 price plunge
Crazy rich Asians advised to increase gold holdings amid market turmoil
The Miners:
McEwen’s (MUX) drill results and updates, Alamos Gold’s (AGI) updated National Instrument 43-101 compliant Mineral Reserve and Resource estimate, IMPCAT Silver’s (IPT.V) discovery, and Fortuna’s (FSM) infill drilling program were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alamos Gold
AGI +3.37% $4.29
2. EMX Royalty
EMX +2.63% $1.17
3. B2Gold
BTG +2.20% $2.32
LOSERS
1. Pretivm
PVG -9.99% $6.94
2. Tahoe Resources
TAHO -4.76% $2.60
3. Alexco
AXU -3.30% $1.02
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
The Music:
Releases Tomorrow
'Egypt Station' in stores September 7th
Paul McCartney - I Don’t Know
MMGYS
The Cartoon:
https://www.youtube.com/watch?v=aef2eV7GmQw
.jpg)
Hope your Having a Good Evening
J:D
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The Metals:
Gold waffled near unchanged in Asia before it rose to see a $9.70 gain at $1206.70 in early New York trade and then fell back to about unchanged by midday, but it then edged back higher in afternoon trade and ended with a gain of 0.23%. Silver slipped to as low as $14.1119 and ended with a loss of 0.21%.
Euro gold rose above €1032, platinum gained $12 to $789, and copper climbed 2 cents to about $2.63.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
U.S. factory orders fall in July on weak aircraft demand Reuters
U.S. Service Industries Expanded in August by More Than Forecast Bloomberg
U.S. jobless claims fall to near 49-year low Reuters
ADP: U.S. creates 163,000 private-sector jobs in August MarketWatch
U.S. second-quarter productivity growth unrevised at 2.9 percent Reuters
Tomorrow brings August’s jobs data.
The Markets:
Oil fell over 1% after the Energy Information Administration reported that crude inventories fell 4.3 million barrels, gasoline inventories rose 1.8 million barrels, and distillates rose 3.1 million barrels.
The U.S. dollar index chopped near unchanged and ended slightly lower ahead of tomorrow’s jobs data.
Treasuries rose as the Dow, Nasdaq, and S&P traded mostly lower on trade, economic, and political uncertainty.
Among the big names making news in the market today were Tesla, Ford, CBS, BioCryst, and Uber.
GATA Posts:
Fed rejects bank for being too safe
Alasdair Macleod: Apocalypse, or not?
Gold market intervention by BIS declines after $100 price plunge
Crazy rich Asians advised to increase gold holdings amid market turmoil
The Miners:
McEwen’s (MUX) drill results and updates, Alamos Gold’s (AGI) updated National Instrument 43-101 compliant Mineral Reserve and Resource estimate, IMPCAT Silver’s (IPT.V) discovery, and Fortuna’s (FSM) infill drilling program were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alamos Gold
AGI +3.37% $4.29
2. EMX Royalty
EMX +2.63% $1.17
3. B2Gold
BTG +2.20% $2.32
LOSERS
1. Pretivm
PVG -9.99% $6.94
2. Tahoe Resources
TAHO -4.76% $2.60
3. Alexco
AXU -3.30% $1.02
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
The Music:
Releases Tomorrow
'Egypt Station' in stores September 7th
Paul McCartney - I Don’t Know
MMGYS
Your heard it first on the MMGYS
The Cartoon:
https://www.youtube.com/watch?v=aef2eV7GmQw
.jpg)
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