10 Year Treasury at 0.4%?
Again with the surprises and telling signs of internal strength! The European Central Bank (ECB) announced further easing of their monetary policy, prompting an early rally in stocks and a selloff in gold. Oil similarly headed lower today. And yet....
Gold turned around sharply, adding a hefty $15-20 for the day, depending on which source one references, with silver adding another 25 cents or so. Mining shares once again flexed their muscles, finishing up 4% and near the highs of the day. And while oil itself lost about half a buck a barrel, energy company stocks were up slightly on the day, and Chevron (CVX) jumped another dollar and change on top of yesterday's monster move.
Considering that European exchanges were down 1% to 2%, and US exchanges finished mixed on the day, this is a sign of real internal strength in the precious metals and energy company shares. In fact, given ... Log in or subscribe to continue reading.
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