Gold was sharply higher at the close of trade this week with the precious metal surging 3.87% to close at $1622.75 in New York. The rally marks the largest single week advance since the week ending January 27th when prices soared by more than 4.4% as it approached the $1740 level
Global Dairy Products Report
140,000 United States producers and will visit 42,000 tracts of farm land to collect information. One of USDA’s largest survey efforts, the responses will provide the foundation for estimates in the upcoming growing year. With both data collection and data release taking place over a span of only four weeks, the results will be available beginning on June 29 in the Acreage and other reports. Farmers should watch for their survey and be sure to respond. Your information matters!
The iShares Silver Trust (SLV, [stock SLV]) is hovering around strong support at the $25.40 level.
In our new feature, “Small-Cap Corner,” we’ll be taking a look at both popular names and hidden gems from the small-cap and micro-cap universes. Today, we’re starting with a micro-cap play from the oil services arena, a group dominated by large-caps such as Schlumberger (SLB [stock SLB]) and
U.S. markets dropped more than 1% today as the euro fell off a cliff hitting a 2 year low until the afternoon when the euro regained its footing sending the U.S. dollar lower and equities higher.
Things are really going to worse from bad for the Market Vectors Coal ETF (KOL [stock KOL]), the dominant exchange-traded product devoted to coal stocks, this year. Shares of Patriot Coal (PCX [stock PCX] are off more than 54% today on chatter the company may have to seek bankruptcy protection and there’s speculation Patriot has met with restructuring advisers, perhaps a sign the company won’t be able to meet its
Technical Screens found trouble in the energy sector.
Looking at the gold charts today we find a solid bounce off support at $14.90 on the iShares Gold Trust (IAU, [stock IAU]). iShares Gold Trust has been in descending channel since early February dropping over 14% since before bouncing off solid support
U.S. futures take it on the chin after the U.S. weekly jobs report
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