On the Commodities Front: Gold, Silver and Crude Oil
Weakness in the equity market on the back of a grim jobs report triggered a Strong run to safety.
That drove Gold prices 2.6% higher to 1877.20 oz, and Silver prices + 3.8% to 43.12 oz
Concern that the disappointing employment data reflected weakness in the broader economy sent Crude Oil prices 2.9% lower to 86.33 bbl.
Nat Gas as fell 4.7% to 3.86 per MMBtu.
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.