The precious complex remains a mixed bag this morning and relatively quiet despite

Good Morning,

The precious complex remains a mixed bag this morning and relatively quiet despite yesterday’s disappointing U.S. economic data (ADP and ISM) that had the DJIA closing below 15,000 for the first time in 6 weeks. US weekly jobless claims fell by 11,000 last week, which is all well and good – since that means less people are being let go – but if hiring doesn’t pick up it could be a moot point. We’ll know more tomorrow when the government releases its May jobs data. Until then, it should be a rather uneventful day. Overseas, Japanese stocks continue to take a beating as the Nikkei fell below 13,000 for the first time since early April, this time losing .9%. Across the pond, The Bank of England and the European Central Bank left rates unchanged and the euro has managed to gain .3% despite the ECB cutting 2013 growth forecasts. The ECB is estimating a .6% decline in the economy throughout the remainder of the year while predicting 1.1% growth for 2014. Gold is unchanged from yesterday’s close of $1398.40 with silver down modestly to $22.435. Platinum is the beneficiary of continued tensions in South Africa as the white metal closed yesterday’s session above the $1500 handle and now trades at $1514. Palladium remains buoyant as well, unchanged at the moment from yesterdays close of $754. Have a great day!