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The Case for Compromise

Daily Recap

Pity the poor citizens of Brussels, with more than 30 dead from the latest ISIS attack. Pity all of us, more or less immune now to the tragedy of this kind of thing. European markets dropped at the news, but then soon bounced back; just another attack, ho hum. By closing time, major European stock indices were mixed, with travel-related shares (e.g. airlines) faring the worst. Belgian stocks actually finished up 0.2% for the day.

 

Gold got the expected safe haven pop, up $15 early in the day, but gradually gave back most of those gains throughout the day. Just before the close in NY, gold is up $4/oz and silver is 2 cents higher. Coming up on the outside lane today is platinum, up $11, perhaps joining palladium, which has been outperforming all the rest of the complex for the last week or more.

 

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