With the final deal made clear in Brussels yesterday it has convinced the markets that commodities are the way to go. After last month’s sell off caused by Mann Group and Dexia Financial troubles the market seems to feel the field is clear and we are back into the same strategy. With money moving back into the commodities we can expect to see moves back to highs of the not too distant past. Still US economic news continues to improve but growth is slow. US will likely continue its path towards growth. Today’s numbers close to expectation not a major factor. Sorry for the odd format, technical difficulties at the location I am at this morning.
| Ask | +/- | LDN | High | Low | |
Gold | 1723.20 | 1724.00 | 6.85 | 15:09 | 1729.75 | 1706.20 |
Silver | 34.14 | 34.19 | 0.86 | 15:09 | 34.20 | 33.16 |
Platinum | 1614.00 | 1624.00 | 30.00 | 15:08 | 1619.00 | 1591.00 |
Palladium | 667.00 | 672.00 | 27.50 | 15:09 | 671.50 | 644.00 |
LBMA Gold AM $ | 1708.00 | 10:35 | 1817.00 |
LBMA Gold PM $ | 1718.00 | 15:05 | 1794.00 |
LBMA Silver $ | 33.5500 | 12:08 | 40.3400 |
LPPM Platinum AM $ | 1603.00 | 09:58 | 0.00 |
LPPM Platinum PM $ | 1608.00 | 14:20 | 0.00 |
LPPM Palladium AM $ | 653.00 | 09:58 | 0.00 |
LPPM Palladium PM $ | 667.00 | 14:20 | 0.00 |
Date | Time | Statistic | For | Actual | Forecast | Expects | Prior | Revised |
27-Oct | 8:30 AM | 22-Oct | 402K | 400K | 402K | 404K | 403K | |
27-Oct | 8:30 AM | Continuing Claims | 15-Oct | 3645K | 3700K | 3700K | 3741K | 3719K |
27-Oct | 8:30 AM | Q3 | 2.50% | 2.10% | 2.30% | 1.30% | - | |
27-Oct | 8:30 AM | Q3 | 2.50% | 2.20% | 2.50% | 2.50% | - | |
27-Oct | 10:00 AM | Pending Home Sales | Sep | - | 0.00% | -0.90% | -1.20% | - |
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