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Economic Indicators Released Friday
Markets were quiet Friday as it was a half day for Thanksgiving on Friday. No matter, Gold and Silver surged into the close for new all time high in Silver, despite the CME melting down.
Good solid end of the week in equities
US Equities
Nato considers being ‘more aggressive’ against Russia’s hybrid warfare [FT]
Japan finance minister says yen's rapid fall clearly not driven by fundamentals [Reuters]
A classic God candle by Gold and Silver on Friday, despite the CME being down for some time. Target on the weekly is 4,250, the highest ever weekly close. Read more
Silver blasted higher on Friday and is currently north of 57.00 as we speak. Resistance is 60/62.00. Read more
We took profit on our Spot Brent position today as OPEC decided not to hike supply any further. We didn’t see the downside we were looking for but still made money. Was certainly a wild ride. Read more
On the monthly chart Bitcoin briefly broke support, hitting 80.8k before closing the month at 91.1k. The wick pushing off support looks bullish but already we’re 10k higher than the low. Read more
Yet more haircuts for owners and lenders as CRE starts to impact on residential.