As-long-as economic data is positive more gold & silver gains

As-long-as economic data is positive more gold & silver gains

OUTSIDE MARKET DEVELOPMENTS: Global equity markets were higher overnight with gains ranging from 0.5% to as high as 4.4% in the Hang Seng. The New Zealand business confidence survey for November slightly worse than expected, there was a slight uptick in a Japanese bank services PMI reading for October, and Australian imports contracted, which was offset by a gain in exports for the month of September. A Swiss consumer climate reading for the fourth quarter came in with a bigger contraction than the previous month, German factory orders and UK construction PMI both came in softer than expected. However, the news overnight was the bank of England’s decision to increase its asset purchase facility by 150 billion pounds. The North American session will start out with the October Challenger job cuts survey, followed by a weekly reading on US initial jobless claims that is expected to have a modest […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet