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Richard's Thoughts On Taking Action

Daily Recap

The week ended strongly, making it two weeks of (almost) solidly higher stock prices in the US this new year.  As we've seen often lately, overseas markets were mostly higher, but without the pizazz of America's price gains.  The Asia Dow rose 0.45%, with Japan's NIKKEI the major exception to higher prices.  The big European exchanges were all up between a quarter and half of a percent, sending the STOXX 600 up 0.31%

The precious metals continued strongly higher as well, aided by a big drop in the dollar.  The US dollar index fell 1% to  90.94.  Gold climbed a big $16 to $1338/oz.; silver had a much better day than lately – up 27 cents to $17.23.  Platinum joined in as well, up $11 to $994.  XAU gained 2.35%, to close at 89.09.

Fixed income markets didn't do much of anything, as bonds traded up or down insignificant amounts around ... Log in or subscribe to continue reading.


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