AI
Wednesday, October 10, 2018 7:20:06 PM
Closing Report
Praying everybody is Safe tonight
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The Metals:
Gold dipped $4.60 to $1185.50 at about 8:30AM EST, but it then rallied back higher for most of the rest of trade and ended near its last-minute high of $1193.60 with a gain of 0.25%. Silver dipped to $14.247 before it also bounced back into the close, but it still ended with a loss of 0.69%.
Euro gold climbed to €1036, platinum gained $1 to $822, and copper dropped 5 cents to about $2.75.
Gold and silver equities fell nearly 2% in the first 45 minutes of trade, but they then rose to see over 1% gains by midafternoon and remained near that level for the rest of the day.
The Economy:
U.S. producer prices rebound, wholesale inventories rise Reuters
Fed's Evans sees more rate hikes but said Trump's questioning of tightening is 'fair' MarketWatch
Tomorrow brings Weekly jobless claims, CPI, and the Federal budget.
The Markets:
Oil fell over 2% after it became clearer that Hurricane Michael will have little impact on energy infrastructure in the Gulf of Mexico.
The U.S. dollar index dropped as the euro and pound rose on renewed optimism about a Brexit deal.
Treasuries traded mixed while the Dow, Nasdaq, and S&P plunged roughly 4% on concerns that interest rates are rising too rapidly.
Among the big names making news in the market today were CVS, Aetna, Exxon, Sears, and Softbank.
GATA Posts:
Crypto theft hits nearly $1 billion in first nine months, report says
The Miners:
Newmont’s NEM collaborative agreement and Coeur’s CDE third quarter 2018 production and sales results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Pretivm
PVG +5.37% $7.65
2. Gold Fields
GFI +4.78% $2.63
3. AngloGold
AU +3.89% $8.82
LOSERS
1. DRDGOLD
DRD -6.30% $2.23
2. Silvercorp
SVM -3.48% $2.22
3. Freeport
FCX -3.11% $12.77
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
Thank You Chris Always Good
The Music:
Jamey Johnson and Alison Krauss sing "Seven Spanish Angels" live in Washington D. C. in HD.
M&MTGYS
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"Markets In Turmoil": FANG Freefall Sparks Longest Losing Streak Of Trump Era
Update: After the ugliest day in years, things got uglier after-hours...
Dow futures are now down 1000 points...
And Nasdaq futures down 5%!!
This is the worst day for Nasdaq Futures since 2011...
China was "stable" overnight (but won't be when it opens tonight)...
European stocks were pummeled lower today...
In Italy, Ferrari and Pirelli plunged and were halted Limit-down... with China cracking down on luxury goods and broader auto fears...
EU and US Autos have plunged...
With Ford trading with an $8 handle at its lowest since Nov 2009
S&P longest losing streak since Nov 2016... Nasdaq down 4% worst day since Brexit...
Today is the fifth straight day of losses in the S&P 500. That's the longest streak of declines since President Trump was elected. Even the correction in the February and the retest in March didn't go in a straight line like this.
October...
Dow drops over 800 points at its lows and appears to confirm the double top...
Trannies are now red YTD...
Technical Levels are falling like flies...
Dow < 50DMA
S&P < 100DMA
Nasdaq < 200DMA
Small Caps < 200DMA
Transports < 200DMA
Today was a momo massacre...
Tech stocks took in on the chin...
FANG was proper f++kd...
Equity market breadth is a disaster...
VIX spiked above 22...
The VIX term structure is the most inverted since April...
Quite a shift in the last week...
Before we leave stocks - here are a few charts to help put the move in the S&P in context...
Hedge Funds...
Financials...
Semis..
Homebuilders...
Autos...
Materials...
Dr.Copper...
And the real economics PhD - Dr. Lumber...
And finally, Credit markets are starting to get monkey-hammered...
And in case you're wondering what's holding up the S&P...
Despite credit and equity carnage, bonds were not 'safe haven' bid as the long-end reversed yesterday's gains...but as stocks accelerated lower, bonds did catch some buying, leaving the entire curve lower in yield on the week...
However, we do note that today's selling pressure failed to make a new 30Y high (yield)...for the first time in 8 days
The market is still not buying what The Fed is selling...
(say what)
whatttttt
Finally, we note that the Fear-and-Greed index has swung from the latter to the former in near record time...
Zerohedge
by Tyler Durden
Wed, 10/10/2018
Thank You Tyler
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Your Viewing Mining & Metals The Graveyard Shift on Investors Hub
Thank You
J:D
Jamey Johnson and Alison Krauss sing "Seven Spanish Angels" live in Washington D. C. in HD.
https://www.youtube.com/watch?v=3DhbEfgpA1Q
.jpg)
Praying everybody is Safe tonight
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The Metals:
Gold dipped $4.60 to $1185.50 at about 8:30AM EST, but it then rallied back higher for most of the rest of trade and ended near its last-minute high of $1193.60 with a gain of 0.25%. Silver dipped to $14.247 before it also bounced back into the close, but it still ended with a loss of 0.69%.
Euro gold climbed to €1036, platinum gained $1 to $822, and copper dropped 5 cents to about $2.75.
Gold and silver equities fell nearly 2% in the first 45 minutes of trade, but they then rose to see over 1% gains by midafternoon and remained near that level for the rest of the day.
The Economy:
U.S. producer prices rebound, wholesale inventories rise Reuters
Fed's Evans sees more rate hikes but said Trump's questioning of tightening is 'fair' MarketWatch
Tomorrow brings Weekly jobless claims, CPI, and the Federal budget.
The Markets:
Oil fell over 2% after it became clearer that Hurricane Michael will have little impact on energy infrastructure in the Gulf of Mexico.
The U.S. dollar index dropped as the euro and pound rose on renewed optimism about a Brexit deal.
Treasuries traded mixed while the Dow, Nasdaq, and S&P plunged roughly 4% on concerns that interest rates are rising too rapidly.
Among the big names making news in the market today were CVS, Aetna, Exxon, Sears, and Softbank.
GATA Posts:
Crypto theft hits nearly $1 billion in first nine months, report says
The Miners:
Newmont’s NEM collaborative agreement and Coeur’s CDE third quarter 2018 production and sales results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Pretivm
PVG +5.37% $7.65
2. Gold Fields
GFI +4.78% $2.63
3. AngloGold
AU +3.89% $8.82
LOSERS
1. DRDGOLD
DRD -6.30% $2.23
2. Silvercorp
SVM -3.48% $2.22
3. Freeport
FCX -3.11% $12.77
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
Thank You Chris Always Good
The Music:
Jamey Johnson and Alison Krauss sing "Seven Spanish Angels" live in Washington D. C. in HD.
M&MTGYS
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
"Markets In Turmoil": FANG Freefall Sparks Longest Losing Streak Of Trump Era
Update: After the ugliest day in years, things got uglier after-hours...
Dow futures are now down 1000 points...
And Nasdaq futures down 5%!!
This is the worst day for Nasdaq Futures since 2011...
China was "stable" overnight (but won't be when it opens tonight)...
European stocks were pummeled lower today...
In Italy, Ferrari and Pirelli plunged and were halted Limit-down... with China cracking down on luxury goods and broader auto fears...
EU and US Autos have plunged...
With Ford trading with an $8 handle at its lowest since Nov 2009
S&P longest losing streak since Nov 2016... Nasdaq down 4% worst day since Brexit...
Today is the fifth straight day of losses in the S&P 500. That's the longest streak of declines since President Trump was elected. Even the correction in the February and the retest in March didn't go in a straight line like this.
October...
Dow drops over 800 points at its lows and appears to confirm the double top...
Trannies are now red YTD...
Technical Levels are falling like flies...
Dow < 50DMA
S&P < 100DMA
Nasdaq < 200DMA
Small Caps < 200DMA
Transports < 200DMA
Today was a momo massacre...
Tech stocks took in on the chin...
FANG was proper f++kd...
Equity market breadth is a disaster...
VIX spiked above 22...
The VIX term structure is the most inverted since April...
Quite a shift in the last week...
Before we leave stocks - here are a few charts to help put the move in the S&P in context...
Hedge Funds...
Financials...
Semis..
Homebuilders...
Autos...
Materials...
Dr.Copper...
And the real economics PhD - Dr. Lumber...
And finally, Credit markets are starting to get monkey-hammered...
And in case you're wondering what's holding up the S&P...
Despite credit and equity carnage, bonds were not 'safe haven' bid as the long-end reversed yesterday's gains...but as stocks accelerated lower, bonds did catch some buying, leaving the entire curve lower in yield on the week...
However, we do note that today's selling pressure failed to make a new 30Y high (yield)...for the first time in 8 days
The market is still not buying what The Fed is selling...
(say what)
whatttttt
Finally, we note that the Fear-and-Greed index has swung from the latter to the former in near record time...
Zerohedge
by Tyler Durden
Wed, 10/10/2018
Thank You Tyler
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Your Viewing Mining & Metals The Graveyard Shift on Investors Hub
Thank You
J:D
Jamey Johnson and Alison Krauss sing "Seven Spanish Angels" live in Washington D. C. in HD.
https://www.youtube.com/watch?v=3DhbEfgpA1Q
.jpg)
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