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by GoldCore
Today’s AM fix was USD 1,618.75, EUR 1,274.81, and GBP 1,029.41 per ounce. Silver is trading at $28.43/oz, €22.46/oz and £18.13/oz. Platinum is trading at $1,480.75/oz, palladium at $624.30/oz and rhodium at $1,215/oz. Gold dropped $7.80 or 0.48% yesterday in New York and closed at $1,619.60/oz. Gold traded flat to slightly higher in Asia prior to dipping in European [...] From Zero Hedge: In Greenlight’s latest letter we learn that “At quarter end, the largest disclosed long positions in the Partnerships were Apple, Arkema, General Motors, gold and Seagate Technology. The Partnerships had an average exposure of 98% long and 62% short.” Also, we find a spirited defense of AAPL (if one which breaks no real new ground with the ever louder recent criticisms of the company), some thoughts on STX, [...] S&P 500 e-mini futures closed at their day-session lows, below yesterday’s day-session lows, and heading for overnight lows rapidly – once again giving up some decent early gains amid much heavier volume into the close. Markets were a mess today. Risk-assets in general had thehighest intra-correlation in a long-time – with FX, credit, rates, curves, and stocks moving in almost lockstep all day (up then down). Equities were smashed left, [...] While Becky Quick’s CNBC interview with the Charlie Munger has a little for everyone to love and hate (from Keynesian-doctrine to easy-living-Greeks and Bad-trading-robots), Buffett’s right-hand was particularly eloquent in his views (at around 9:08) on Einhorn’s distrust of the Fed and buying Gold: “gold is a great thing to sew onto your garments if you’re a Jewish family in Vienna in 1939 but civilized people don’t buy gold – they invest in [...] |
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