| The KUIK Morning Market Report for Friday, December 7: | |||||||
| Markets opened up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 45 | points | 13,120 | 7:06 AM | ||
| S&P500 | Up | 0.2% | percent | 1,416 | 2.43 | points | |
| Nasdaq Composite | Down | -0.1% | percent | 2,987 | (2.22) | points | |
| 30 Year Treasury | Up | 5 | Basis Points | 2.82 | Annual Yield | ||
| The Labor Department reports the U.S. added 146,000 jobs last month. The unemployment rate fell to 7.7% from 7.9%, the lowest level since December 2008 but due to the labor force shrinking. | |||||||
| Marketwatch reports the silver is more popular and volatile than ever, ready to finish the year with gains more than double those of gold, as the industrial metal is gaining popularity as an investment asset. The iShares Silver Trust recovered from last year’s 11% drop and is up more than 19% this year. | |||||||
| In a related story Goldman Sachs lowered its price forecasts for gold in 2013, citing growing downside risks to the metal’s price. The bank cut all of its forecast prices, and in six-months expects it to trade at $1,805. Gold is at now at $1,688 an oz. | |||||||
| Oil futures are on track to for a fourth consecutive daily fall , as a firmer dollar and demand concerns pushed prices lower. January crude is down 0.2% to $86.05 a barrel. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-creates-146000-jobs-in-november-2012-12-07-81034448?link=MW_home_latest_news | |||||||
| http://www.marketwatch.com/story/silver-gains-favor-as-an-investment-asset-2012-12-07?dist=markets | |||||||
| http://uk.finance.yahoo.com/news/gold-prices-extend-losses-one-135027271.html | |||||||
| http://www.marketwatch.com/column/futures-movers?link=MW_Nav_MA | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||