Continued asset liquidation yesterday
drove gold under the 1600 mark. However as expected gold has since
recovered. The rest of the precious group has suffered losses on the
same move but has had greater difficulty in regaining overnight. The
threat of what the unknown repercussions will be when, not if, Greece
defaults is forcing many baking groups to shore up their cash reserves.
In the time to come the ones that survive the storm that will become
the new leaders in building a recovery. For now today’s ADP employment
data was much better than expected though remember their data is more
volatile and not always an indicator of the official US employment data
due out this Friday. The market in general looks to be more focused on
what President Trichet will have to say tomorrow and the US numbers on
Friday. Meanwhile in Athens rioting continues, a better solution is needed to keep the peace and that may include expulsion from the Euro.
10/5/2011 10:07
|
Last
|
%Change
|
Low
|
High
| |||||||||
Au- Dec
|
1,620.20
|
0.25
|
1,596.60
|
1,636.50
| |||||||||
Pt-Jan
|
1,448.00
|
(1.40)
|
1,436.70
|
1,489.70
| |||||||||
Pd-Dec
|
543.10
|
(3.73)
|
535.00
|
579.05
| |||||||||
Ag-Dec
|
29.750
|
(0.240)
|
28.435
|
30.260
| |||||||||
EFPs
|
Au 1.60/2.20
|
Pt 3/7
|
Pd .25/4.25
|
Ag 0/6
| |||||||||
London
|
AM
|
PM
|
Minor
|
PGMs
| |||||||||
Au
|
1,600.00
|
1,617.00
|
Rh
|
1600
| |||||||||
Pt
|
1,442.00
|
1,444.00
|
Ru
|
155
| |||||||||
Pd
|
561.00
|
549.00
|
Ir
|
1100
| |||||||||
Ag
|
28.69
|
DJI
|
10,831.61
|
22.90
| |||||||||
FX
|
Last
|
%Change
|
Low
|
High
| |||||||||
EUR
|
1.3340
|
(0.04)
|
1.3258
|
1.3374
| |||||||||
JPY
|
76.84
|
0.05
|
76.56
|
76.93
| |||||||||
GBP
|
1.5462
|
(0.15)
|
1.5409
|
1.5493
| |||||||||
CHF
|
0.9199
|
0.40
|
0.9150
|
0.9240
| |||||||||
Others
|
Last
|
%Change
|
Low
|
High
| |||||||||
Crude- Dec
|
78.120
|
2.960
|
78.600
|
77.140
| |||||||||
Copper-Dec
|
3.0695
|
(0.800)
|
3.118
|
3.047
| |||||||||
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES
| |||||||||||||
Date
|
Time
|
Statistic
|
For
|
Actual
|
Forecast
|
Expects
|
Prior
|
Revised
| |||||
5-Oct
|
7:00 AM
|
MBA Mortgage Index
|
1-Oct
|
-4.30%
|
NA
|
NA
|
9.30%
|
-
| |||||
5-Oct
|
7:30 AM
|
Challenger Job Cuts
|
Sep
|
211.50%
|
NA
|
NA
|
47.00%
|
-
| |||||
5-Oct
|
8:15 AM
|
ADP Employment Change
|
Sep
|
91K
|
50K
|
45K
|
89K
|
91K
| |||||
5-Oct
|
10:00 AM
|
ISM Services
|
Sep
|
53
|
52
|
52.8
|
53.3
|
-
| |||||
5-Oct
|
10:30 AM
|
Crude Inventories
|
1-Oct
|
-
|
NA
|
NA
|
1.915M
|
-
| |||||
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