Video Alert and PDF: Learn from a Market Veteran (Free!)
Jim Prince, 25-year commodity market veteran, just posted a 3+ minute video about a recent move in the commodity markets. Watch it now, and he'll send you a free companion PDF and an email reminder every time he posts a new Daily Alert video.
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Metals prices this morning are mixed: GCG5 +24.0 (+2.05%), SIH5 +0.500 (+3.18% at a 1-1/2 week high, HGH5 -0.002 (-0.05%). Metals prices on Wednesday closed lower. Closes: GCG5 -2.8 (-0.24%), SIH5 -0.057 (-0.36%), HGH5 -0.0180 (-0.63%). Bearish factors included (1) the rally in the S&P 500 to a record high, which reduced the safe-haven demand for precious metals, and (2) the unexpected decline in U.S. weekly jobless claims to a 7-week low, which bolsters the case for the Fed to raise interest rates.