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11/3/12

THREE days of metals and miners; November 4th

Our regular Saturday slot is usually the last five days' worth of action in the gold bullion ETF (GLD), the silver bullion  ETF (SLV), the miner ETF (GDX), the junior miner ETF (GDXJ) and the copper ETF (COPX). But this time it's three, what with the storm and all that:


And in the end the only real news came Friday, when US jobs came in well, gold took a predicable kneejerk downturn and dragged the rest with it. COPX, being the industrials tracker, liked the news of course. Interesting that silver had its "I'm a precious metal, honest guv" hat on though. Not always the case.