Gold Silver Reports ~ Gold’s safe have appeal has been restored as US equities started to spiral downwards. Globally, spot gold was up 2.1 percent at $1,234.50 an ounce.
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Led By Banks, Nifty Ends 2.6 Percent Higher
Gold Silver Reports → The NSE Nifty jumped more than 2.6 percent on Monday, its biggest daily percentage gain in more than a year, encouraged by strong trading in shares of banks and miners after a selloff last week.
Facebook Keeps Face
Gold Silver Reports ~ In earnings news, Facebook (FB) shares just shot up 8% in after-hours trading after the giant social network said it earned 79 cents a share on revenue of $5.84 billion in Q4 2015, easily topping Wall Street estimates of 69 cents a share.
U.S. Stocks Earnings, Crude Lifts Energy
Neal Bhai Reports ~ U.S. stocks advanced, with energy shares leading a rebound sparked by rising crude-oil prices, as investors weighed corporate earnings and prospects for global growth.
Indian Rupee Zoom to 2 Month High
Gold Silver Reports ~ A gauge of expected swings in the Indian rupee rose to the highest level since November amid outflows from Indian stocks and bonds.
Chinese Shares Slip Into a Bear Market
Gold Silver Reports ~ Chinese shares fell into a bear market for the second time in seven months, wiping out gains from an unprecedented state rescue amid waning confidence in the government’s ability to manage the country’s markets and economy.
The Bear Is Alive And Well
Gold Silver Reports ~ Intense selling returned to Wall Street in afternoon trading Wednesday, pushing the Dow down 365 points and slicing 3.4% off of the tech-packed Nasdaq, dashing hopes for a third straight day of gains on Wall Street and extending the financial pain in what has been a horrific start to the year.