Newmont sells Éléonore mine in Quebec for $795m
The miner said the deal and other 2024 sales will raise $3.6 billion.
Gold continued its rally today as global uncertainties offered investors chose safer haven alternative investments today. The fragility in the European Union remains prevalent as comments from Germany’s Chancellor Angel Merkel to reporters in Berlin bear out. She stated that is cause for “great concern”…and said the Euro was in an “exceptional serious situation”…She also revealed that Germany and the Netherlands were working diligently on a permanent crisis resolution mechanism…..
North Korea launched artillery shells on a South Korean island of Yeonpyeong causing several casualties and escalating the tensions of the region… Earlier in the week North Korea revealed their hidden uranium enrichment program which indicates that their nuclear capabilities are much further along than previous estimates…..
Gold is often a refuge for investors during warring environments… The third quarter GDP was revised up 2.5% one tenth better than analysts forecasted…….
Silver rebounded from earlier loses ang settled 11.1 cents higher ($27.57.2)
REPORTS : 11/24 DURABLE GOODS………………..7:30 AM(CST)
INITIAL JOBLESS CLAIMS………7:30 AM (CST)
PERSONAL INCOME…………….7:30 AM (CST)
NEW HOME SALES……………..9:00 AM (CST)
MY SWING NUMBERS 11/24 DECEMBER GOLD
RESISTANCE # 2…………$1392.00
RESISTANCE # 1…………$1388.00
PIVOT……………………….$1372.00
SUPPORT # 1……………..$1361.00
SUPPORT # 2……………..$1352.00
MY SWING NUMBERS 11/24 DECEMBER SILVER
RESISTANCE # 2………..$28.35
RESISTANCE # 1………..$27.96
PIVOT………………………$27.49
SUPPORT # 1…………….$27.10
SUPPORT # 2…………….$26.63
Mike Daly / Gold Specialist
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There is a substantial risk of loss in trading futures and options. Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities. PFGBEST, its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.
