The precious metals are rebounding
this morning with silver leading the way up over 8%. This seems like
lunacy for sure to any observer and in a way it is. However the recovery
is no surprise considering that all the factors which drove the last
rally are still in place. All the commodities are in the green, the
dollar has also given support by losing ground to the Euro on the belief
that the Greeks will avoid default. Even the stock markets have been
recovering. So after a few days of heavy selling the exhaustion form the
sell side set in and the buying has returned. No other news to report.
Please note that the active month in Platinum is switching to January.
Consumer Confidence came out confirming the obvious, things are not
going well in the economy.
9/27/2011 10:31
|
Last
|
%Change
|
Low
|
High
| |||||||||
Au- Dec
|
1,665.50
|
4.43
|
1,616.80
|
1,679.20
| |||||||||
Pt-Jan
|
1,579.70
|
1.98
|
1,555.60
|
1,595.10
| |||||||||
Pd-Dec
|
656.50
|
4.63
|
625.05
|
660.00
| |||||||||
Ag-Dec
|
32.725
|
9.170
|
30.275
|
33.585
| |||||||||
EFPs
|
Au 1.90/2.60
|
Pt 6/10
|
Pd .50/4.5
|
Ag 3/9
| |||||||||
London
|
AM
|
PM
|
Minor
|
PGMs
| |||||||||
Au
|
1,671.00
|
1,659.00
|
Rh
|
1750
| |||||||||
Pt
|
1,582.00
|
1,568.00
|
Ru
|
175
| |||||||||
Pd
|
647.00
|
647.00
|
Ir
|
1100
| |||||||||
Ag
|
33.50
|
DJI
|
11,294.26
|
250.40
| |||||||||
FX
|
Last
|
%Change
|
Low
|
High
| |||||||||
EUR
|
1.3628
|
0.73
|
1.3476
|
1.3657
| |||||||||
JPY
|
76.65
|
0.39
|
76.21
|
76.70
| |||||||||
GBP
|
1.5688
|
0.80
|
1.5522
|
1.5698
| |||||||||
CHF
|
0.8951
|
(0.68)
|
0.8930
|
0.9060
| |||||||||
Others
|
Last
|
%Change
|
Low
|
High
| |||||||||
Crude- Dec
|
83.840
|
4.170
|
84.000
|
81.180
| |||||||||
Copper-Dec
|
3.440
|
5.030
|
3.460
|
3.299
| |||||||||
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES
| |||||||||||||
Date
|
Time
|
Statistic
|
For
|
Actual
|
Forecast
|
Expects
|
Prior
|
Revised
| |||||
27-Sep
|
10:00 AM
|
Sep
|
45.4
|
45
|
46.6
|
44.5
|
-
| ||||||
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