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Daily Recap

Good news out of China’s economy lifted markets earlier, especially the precious metals. Gold added nearly $20 today, but that was nothing compared to the rest. Plus $35 on platinum, up $17 on palladium, but up a monster 70 cents in silver. That's three times as much as gold, but even silver was up less than the mining shares, which added another 5% plus today. But back to silver -- which today set new highs in the silver/gold ratio, and which is creating talk of a big move ahead in the junior precious metal.


Stocks didn't fare poorly either. The Global Dow gained more than 1%, with European stocks up about the same. Oil prices topped $41 again, and soaring oil stocks aided US markets in countering weakness in the tech sector. Big drops in IBM and elsewhere weren't enough to keep the Dow from rising 49 points and closing ... Log in or subscribe to continue reading.

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