Nasdaq 2,764.65 +4.43
SP500 1,319.68 +5.16
10-YrBond 3.41% -0.08
WTI crude oil touched 110 intraday. Futures margins were increased Thursday, with little apparent impact.
Gold broke through 1478, which it had tested several times. Closed at 1485. Expect a fight around 1510. Big private money is buying physical gold:
The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board.
Silver was strong in 42s and closed at 42.53. Continuing to climb higher after hours into 43s. Watch how it tests and handles 44 early next week. Silver price is stretched and any catalyst, such as a futures margin increase, could precipitate a sharp pull back.
Trader Dan describes why miners have been lagging metal ETFs. This pricing discrepancy allows huge miners more time to buy the juniors.
This US Mint 5 coin 90% silver set is offered at 41.95. The silver content, at spot price of 43.05, is worth 38.92. 2011 United States Mint America the Beautiful Quarters Silver Proof Set
Markets are closed this upcoming Friday.
GLD 145.05 +1.24
SLV 41.84 +0.77
PTM 20.95 -0.11
XLE 77.19 +0.63
XLF 16.14 +0.01
VXX 27.55 -0.64
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