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1699.24
Low of 1673.10 and high of 1703.00 so far
Do something Danke
Dow futures down 1031 or four percent . Nikkei is down 874 . Gold steady @ 1698.00 .
Last edited by oyarde; 03-08-2020 at 07:12 PM.
Do something Danke
There might be a major pullback, if the market doesn't think the Fed is going to print enough money to keep things afloat.
But, there's no chance that the Fed doesn't ultimately print enough to sustain the Dow, so there's that.
Futures down 1133 . Gold 1701.20 .
Last edited by oyarde; 03-08-2020 at 07:55 PM.
Do something Danke
Oil down 25%
Buckle up, yall.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Oil will be free by Tue , Bernie can pass it out at his rallies instead of free health care and free college . Crude down 26.11 percent .
Do something Danke
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Wonder if we will get a sell off like the other week when traders covered their positions and sold the gold futures.
However the genie is out of the bottle now and $1700 has been breached so we should get a run to $1794 at some point.
Oil now $27.50, -32% !
Gold has sold off as I suspected. Will be interesting to see where it goes later...
Looks like we have gone 1700 to 1670 with profit taking last night and today traders liquidate the market positions the can . I am expecting 1700 gold again sometime between this evening and Thurs .
Do something Danke
30 yr treasury yield back over 1 .Cummins stock 139 , oil back to 34 , silver getting back to 17 , Gold about 1668 . Everything seems to be steadying out . Dow down 1300 is similar to last night . Too early to tell but feeling like an up day tomorrow.
Do something Danke
Silver @ 17.00 now and Gold on the rise , 1676. Dow down 1690 and could go below 24K ( currently 174 points above that )
Do something Danke
Dow down over 1900 , below 24K .
Do something Danke
Dow futures up 1000 .
Do something Danke
Oil back to 34 . Everything looks poised to hit 1700 gold again this week .
Do something Danke
The precious metal hit a low of $1,488 ounce early this morning and finished the day $100 higher at $1,588 ounce.
Silver is up, too, moving about 12% higher to $14 ounce.
The precious metals have had some help. Many gold producers, such as Newmont and Osisko Gold Royalties, have withdrawn 2020 guidance due to mine operation disruptions to limit the spread of COVID-19.
Pan American Silver Corp. (NASDAQ, TSX: PAAS), which last week temporarily suspended operations at four mines in Peru, has now curtailed operations in Argentina and Bolivia also as a result of the COVID-19 pandemic, the company announced Monday.
Reuters reports that three of the world's largest gold refineries said today that they had suspended production in Switzerland for at least a week after local authorities ordered the closure of non-essential industry to curtail the spread of the virus.
Platinum still looks like a deal long term too , but who knows ?
Looks like we are about 1654 .I doubt there would be much to buy out there under anywhere 1685 to 1705 or more .
I am wondering that too .The silver price is ridiculous even though it is industrial . Dow is on its way to three consec up days . Yesterday was the first two consec up days since Feb . Energy prices are ultra cheap which should help the economy / jobs recover assuming everyone is back to work by 4/13 as expected . Strange times.
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