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Sat, 22nd July 2017

Anirudh Sethi Report

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Archives of “Gold / Silver” Category

Overnight US Market : S&P and Dow close at record highs. Nasdaq up for the 6th straight day

Best week of the year for the Nasdaq

The US major stock indices are ending the day with records.
  • The S&P index and Dow are both ending at record closing levels
  • The Nasdaq had the best week of the year
More specifically:
  • The S&P rose by 11.44 points or 0.47% to 2459.27. The high reached 2463.54. The low 2446.69
  • The Nasdaq closed up 38.028 points or +0.61% to 6312.46. The high reached 6321.76. The low reached 6278.70
  • The Dow closed up 84.65 points to 21637.74. The high reached 21681.53. The low 21521.72
For the week:
  • The S&P rose 1.41%.
  • The Nasdaq rose 2.59%
  • The Dow rose 1.04%
Not a bad week for the US equity markets.

Gold Tumbles to $1242

A busy morning for Gold so far 26 June

Early tumble from $1255 to $1238 saw a small rally above $1245 but we’re turning lower again at $1241.

Causes of the  original fall seem to be a combination of large sell order, USD demand and risk-on sentiment that also saw yen pairs rally.

Demand into $1220 and $1200 should stem further losses for the moment.