The Phaserl


Gold Daily and Silver Weekly Charts – End of Quarter, Miners Catch a Bid

from Jesse’s Café Américain:

The miners outperformed the metals today for the end of the third quarter. I am getting much more interested in the miners at these prices, and my interest will become stronger if the metals can manage to sustain a rally out of this bear market trend.

If the metals rally, I would expect the mining sector to outperform given its beaten down condition and its higher beta to the metal prices. But that is a big ‘if.’

Non-Farm payrolls on Friday.

The active month has flipped over to gold for October and it was reflected in the delivery report from yesterday.

The slow bleed of metal out of the warehouses continues.

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1 comment to Gold Daily and Silver Weekly Charts – End of Quarter, Miners Catch a Bid

  • rich

    High frequency trading firm Latour Trading has now been fined $24 million by the SEC since September 2014.

    SEC Fines High-frequency Trading Firm Latour $8 Million

    WASHINGTON – The Securities and Exchange Commission said Latour Trading will pay $8 million — $5 million in fines, and more than $3 million of disgorgement — to settle charges it sent millions of non-compliant orders to U.S. exchanges. According to the SEC’s order, from October 2010 through August 2014, Latour sent approximately 12.6 million orders for more than 4.6 billion shares that did not comply with the requirements of Regulation NMS, with violations including executing at a price worse than the best available price and at a bid above the national best offer. The SEC said the violations occurred because of a coding change. Latour did not admit or deny the findings. “Latour received executions and collected exchange rebates that it should not have and that other market participants might have received if not for Latour’s non-compliant orders,” said Robert Cohen, co-chief of the SEC Enforcement Division’s market abuse unit.

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