Loading ...Nothing much to report until then. Literally everything is right about where it closed yesterday. Rates up 1 bip with the dollar flat. PM’s flat.
They are looking for the CPI to tick up 0.1%
Maddog – very true. Especially in terms of PE’s on the pm shares. I have no idea why they haven’t bumped their dividends. Maybe they’re as surprised as we are that the metals are holding up. Barrick hiked its divi 50% yesterday on earnings, the problem for them is their mine in Mali caused their production number to be down, and while the earnings were good on what they mined, they still took a hit.
I wonder how many of these folks are hedging? I’ve seen a few.