The US Federal Reserve, the European Central Bank, the Bank of England and the central banks of Canada, Japan and Switzerland coordinated efforts to add liquidity in the markets which in turn have bolstered commodity prices. The goal is to lower cost of borrowing across the global economy to spur growth. This is also on the back of downgrades of major world banks by S&P. Meanwhile China has also loosened the rein on their banks by cutting reserve requirements in hopes of bolstering activity. Meanwhile in the UK 2 million went on strike in revolt against their austerity measures. Well, these actions at their core are no surprise, but it is enough to convince investors that the long precious metals trade is still the right place to be.
11/30/2011 10:08 | Last | %Change | Low | High |
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Au- Feb | 1,746.80 | 1.62 | 1,704.30 | 1,754.10 |
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Pt-Jan | 1,551.20 | 0.68 | 1,513.00 | 1,560.90 |
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Pd-Mar | 611.45 | 4.65 | 571.00 | 628.00 |
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Ag-Mar | 32.415 | 1.450 | 31.120 | 32.640 |
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EFPs | Au 3.20/3.80 | Pt 1/5 | Pd 1/5 | Ag 3/9 |
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London | AM | PM | Minor | PGMs |
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Au | 1,704.00 | 1,746.00 | Rh | 1625 |
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Pt | 1,515.00 | 1,558.00 | Ru | 120 |
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Pd | 574.00 | 620.00 | Ir | 1100 |
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Ag | 31.35 | DJI | 11,944.15 | 388.52 |
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FX | Last | %Change | Low | High |
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EUR | 1.3452 | 1.02 | 1.3256 | 1.3533 |
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JPY | 77.65 | (0.35) | 77.27 | 78.16 |
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GBP | 1.5724 | 0.81 | 1.5521 | 1.5745 |
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CHF | 0.9116 | (0.98) | 0.9078 | 0.9252 |
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Others | Last | %Change | Low | High |
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Crude- Jan | 101.260 | 1.470 | 98.920 | 101.750 |
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Copper-Dec | 3.535 | 4.700 | 3.541 | 3.296 |
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*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES |
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Date | Time | Statistic | For | Actual | Forecast | Expects | Prior | Revised | |||||
30-Nov | 7:00 AM | MBA Mortgage Index | 26-Nov | -11.70% | NA | NA | -1.20% | - | |||||
30-Nov | 7:30 AM | Challenger Job Cuts | Nov | -12.80% | NA | NA | 12.60% | - | |||||
30-Nov | 8:15 AM | ADP Employment Change | Nov | 206K | 110K | 125K | 130K | 110K | |||||
30-Nov | 8:30 AM | Q3 | 2.30% | 2.60% | 2.60% | 3.10% | - | ||||||
30-Nov | 8:30 AM | Unit Labor Costs | Q3 | -2.50% | -1.90% | -2.10% | -2.40% | - | |||||
30-Nov | 9:45 AM | Nov | 62.6 | 56 | 57.5 | 58.4 | - | ||||||
30-Nov | 10:00 AM | Pending Home Sales | Sep | - | -2.00% | 0.10% | -4.60% | - | |||||
30-Nov | 10:30 AM | Crude Inventories | 26-Nov | - | NA | NA | -6.219M | - | |||||
30-Nov | 2:00 PM | Fed's Beige Book | Nov | - | - | - | - | - | |||||
23-Nov | 10:30 AM | Crude Inventories | 19-Nov | - | NA | NA | -1.056M | - | |||||
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