Saturday, September 08, 2018 7:15:55 PM
Closing Report Hi everyone
Hope your having a Great Weekend !
J:D
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The Metals:
Gold gained $2.60 to $1202.30 in London before it dropped down to $1193.50 at about 9AM EST and then bounced back higher into midday, but it still ended with a loss of 0.3%. Silver slipped to as low as $14.078 and ended with a loss of 0.07%.
Euro gold rose above €1035, platinum lost $11 to $778, and copper fell 2 cents to about $2.61.
Gold and silver equities waffled near unchanged and ended slightly higher.
The Economy:
U.S. adds 201,000 jobs as worker wages accelerate to nine-year high MarketWatch
Trump says tariffs on another $267 billion in China goods ready to go CNBC
U.S. services data suggests upward revision to second-quarter GDP Reuters
Reforms haven't eliminated risk of another Lehman-type failure MarketWatch
The Markets:
Oil struggled to find gains as the U.S. dollar index rose and treasuries fell on strong jobs data.
The Dow, Nasdaq, and S&P traded mostly lower on trade concerns.
Among the big names making news in the market Friday were Third Point, Tesla, and Mattel.
GATA Posts:
Deutsche Bank's top investor, a Chinese conglomerate, told to dump its stake
Submitted by cpowell on Fri, 2018-09-07 14:33. Section: Daily Dispatches
From Bloomberg News
Thursday, September 7, 2018
Deutsche Bank AG's top investor, China's HNA Group Co., plans to exit its entire stake in Germany's largest lender as it reverses a debt-fueled acquisition spree, according to people briefed on the matter.
The cash-strapped conglomerate, which most recently still held almost 8 percent of the voting rights, is selling the investment after China demanded that it focus on its airline business, said the people, asking not to be identified in discussing non-public information. It's not clear how HNA would sell the stake, which it controls through a series of complex derivatives.
Officials for HNA and Deutsche Bank declined to comment. The Wall Street Journal reported earlier today that the Chinese government had told HNA to exit the stake, citing unidentified people familiar with the matter. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2018-09-07/deutsche-bank-top-hol...
The Miners:
Turquoise Hill’s (TRQ) board appointment and Excellon’s (EXN.TO) filed technical report were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Tahoe Resources
TAHO +9.23% $2.84
2. Americas Silver
USAS +6.13% $2.25
3. Alexco
AXU +2.94% $1.05
LOSERS
1. Freeport
FCX -2.87% $13.18
2. Turquoise
TRQ -2.69% $2.17
3. B2Gold
BTG -2.60% $2.25
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
The Music:
MMGYS Saturday Sweet Spot
Starring
Violinist Caroline Campbell - "Skyfall" LIVE!
MMGYSSSS
The Cartoon:
.jpg)
Hope your having a Great Weekend !
J:D
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
The Metals:
Gold gained $2.60 to $1202.30 in London before it dropped down to $1193.50 at about 9AM EST and then bounced back higher into midday, but it still ended with a loss of 0.3%. Silver slipped to as low as $14.078 and ended with a loss of 0.07%.
Euro gold rose above €1035, platinum lost $11 to $778, and copper fell 2 cents to about $2.61.
Gold and silver equities waffled near unchanged and ended slightly higher.
The Economy:
U.S. adds 201,000 jobs as worker wages accelerate to nine-year high MarketWatch
Trump says tariffs on another $267 billion in China goods ready to go CNBC
U.S. services data suggests upward revision to second-quarter GDP Reuters
Reforms haven't eliminated risk of another Lehman-type failure MarketWatch
The Markets:
Oil struggled to find gains as the U.S. dollar index rose and treasuries fell on strong jobs data.
The Dow, Nasdaq, and S&P traded mostly lower on trade concerns.
Among the big names making news in the market Friday were Third Point, Tesla, and Mattel.
GATA Posts:
Deutsche Bank's top investor, a Chinese conglomerate, told to dump its stake
Submitted by cpowell on Fri, 2018-09-07 14:33. Section: Daily Dispatches
From Bloomberg News
Thursday, September 7, 2018
Deutsche Bank AG's top investor, China's HNA Group Co., plans to exit its entire stake in Germany's largest lender as it reverses a debt-fueled acquisition spree, according to people briefed on the matter.
The cash-strapped conglomerate, which most recently still held almost 8 percent of the voting rights, is selling the investment after China demanded that it focus on its airline business, said the people, asking not to be identified in discussing non-public information. It's not clear how HNA would sell the stake, which it controls through a series of complex derivatives.
Officials for HNA and Deutsche Bank declined to comment. The Wall Street Journal reported earlier today that the Chinese government had told HNA to exit the stake, citing unidentified people familiar with the matter. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2018-09-07/deutsche-bank-top-hol...
The Miners:
Turquoise Hill’s (TRQ) board appointment and Excellon’s (EXN.TO) filed technical report were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Tahoe Resources
TAHO +9.23% $2.84
2. Americas Silver
USAS +6.13% $2.25
3. Alexco
AXU +2.94% $1.05
LOSERS
1. Freeport
FCX -2.87% $13.18
2. Turquoise
TRQ -2.69% $2.17
3. B2Gold
BTG -2.60% $2.25
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
The Music:
MMGYS Saturday Sweet Spot
Starring
Violinist Caroline Campbell - "Skyfall" LIVE!
MMGYSSSS
The Cartoon:
.jpg)
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