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Richard's Thoughts: Gold is Real Money

Daily Recap

"The market bounced around after the latest jobs report" was about as good a way of describing today's action as any.  If stocks were uncertain, then so was the jobs report, called "relatively strong" in one report, and "not a good report" a few paragraphs later.  At any rate, US stocks were mixed coming into the close, with the Dow and S&P 500 down a bit, the NASDAQ up some.

Elsewhere, stocks finished lower in most major Asian and European markets; the STOXX 600 fell 0.4%.  Europeans are fixed on Italy's weekend referendum to give the executive branch more power in the country's constitution.  A failure to pass the referendum could lead to the Prime Minister's resignation, which in turn could negatively impact the euro.  The US dollar was relatively quiet today, down 0.2%.

Crude oil had another good day, further follow through on Wednesday's favorable OPEC action.  Oil gained 55 cents a barrel, ... Log in or subscribe to continue reading.

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