Precious metals are under pressure in the New York market today. It is a London Holiday and with the lack of direction from Bernanke on Friday the QE3 enthusiast seem to have given up. The US dollar remains firm against the Euro but still off its best of 1.4463. But the big news and maybe the driver is that the “talk” of late is that the stock market is undervalued and gold is overdone. It sure seems that is what is going on this morning as the Dow Jones is up 175 points. Still don’t count the bull down yet, it may just be taking a breather, remember all the world’s woes still remain in place. Oddly enough Hurricane Irene came through the East Coast causing billions in damage but luckily not as deadly as it may have been. This kind of damage will spur the economy as construction and repair is now not just a discretionary spend but a mandatory one. This is one silver lining.
| DEC-Z | Sep-U | Oct-V | Sep-U |
Gold | Silver | Platinum | Palladium | |
Last | 1,789.10 | 40.660 | 1,823.30 | 754.30 |
Price Change | (8.20) | (0.710) | (3.60) | (2.05) |
Current Low | 1,789.40 | 40.425 | 1,824.10 | 755.00 |
Current High | 1,841.50 | 41.800 | 1,847.50 | 760.50 |
EFP | 2.40/2.90 | .00/.04 | 2/6 | 0/4 |
| Rhodium | 1,875.00 | Ruthenium | 175.00 |
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| Iridium | 1,100.00 |
London PM Fixes: | LONDON HOLIDAY |
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AU | - | PT | - |
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PD | - |
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London AM Fixes: |
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AU | - | PT | - |
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PD | - | AG | - |
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| Last | Low | High |
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EUR | 1.4518 | 1.4550 | 1.4521 |
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JPY | 76.93 | 76.98 | 76.93 |
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GBP | 1.6404 | 1.6435 | 1.6407 |
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Crude Oil -CME | 87.00 | Copper | 4.08 |
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*PLEASE NOTE THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES | ||||
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