Precious Metals

The Fed gave the market what it wanted but indicated that will be all for now. Wall Street still loved it. The Dow rose 137. Oil hit US$95. Gold hit US$800.

Oil was the big loser overnight while stock markets began to doubt a Fed cut tonight.

Gold is at 27-year record highs but the gains are being limited to the US dollar as NAB points out prices in euro and Australian dollar terms remain below highs of last year.

It’s unlikely Perseverance shareholders can do better than Northgate’s 20c offer.

The Dow was once again positive as traders set for a rate cut on Wednesday.

There was no bad news on Wall Street last night to recover from, so the Dow just went up. Gold took off as well.

The Dow recovered from a 128 point fall to close almost unchanged. No, this is not yesterday’s report.

The Dow pulled back from a 200 point fall to be “unch” after ridiculous rumours of an “emergency” rate cut circulated Wall Street.

Weekly musings from your editor. Why are experts selling their gold exposure? And will the US dollar continue to weaken further?

The Dow closed up over 100 points led by the tech sector, but those gains were already being given up in the after-market following the Amazon result.