Monday, May 5, 2014
What a great way to start the morning with the precious metals complex trading on the upside
What a great way to start the morning with the precious metals complex
trading on the upside. Gold, Silver, Platinum, Palladium are all up
.87%, .73%, .91%, and .46% respectively. Gold’s losses were limited on
Friday despite a stronger
than forecasted jobs report due to an increased number of workers
dropping out of the labor force. The economic data was favorable for the
gold bulls with the metal closing $19.50 higher on Friday at 1302.90
for June delivery. It’s expected to be a quiet day
today since London is closed for May Day holiday. The latest update on
the strike is that the union didn’t accept the platinum producers’
revised offer. ISM Non-Manufacturing PMI figures will be released today
at 10:00 a.m. Have a fabulous day.
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