Thursday, April 24, 2014

What a way to start the morning with AU, AG, PT & PD all down 1.03%, 2%, .65%, and .76% respectively.

What a way to start the morning with AU, AG, PT & PD all down 1.03%, 2%, .65%, and .76% respectively. Yesterday’s New Home Sales figure missed expectations by 14.7% with a reading of 384,000 vs. the forecast of 450,000. Simply put, home prices are just too high! Core Durable Goods Orders for March are up 2% vs. expectations of .6%. Initial Jobless Claims for the week ending 4/19 are up 24,000 with a figure of 329,000. The Platinum producers and the Association of Mineworkers Construction Union are scheduled to meet again in hopes to come to a solution. Something must be cooking as this is the third day of discussion between the two groups. Have a great day!!!

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