If it's a fat finger, it's not immediately being lifted. So far, gold hasn't bounced a dime from a quick $20 sell-off an hour ago. Chatter says the move was due to a contract rollover that accidentally became an outright sell. Silver has moved in concert, SLV -2.1% premarket. Oil and copper, both lower by more than 1%, complete the picture for key commodities. [View news story]
I agree that it is probably manipulation by JPM. Time to buy some more.
Coverage of LinnCo (LNCO) is launched at several firms with neutral ratings (I, II, III), but UBS starts at Buy with a $41 target price. LNCO was created by Linn Energy (LINE) to convert LINE's K-1 distribution to a 1099 qualified dividend and expand its investor base to MLP-adverse clients, and to create another LINE currency to accelerate its acquisition-driven growth strategy. [View news story]
If it's a fat finger, it's not immediately being lifted. So far, gold hasn't bounced a dime from a quick $20 sell-off an hour ago. Chatter says the move was due to a contract rollover that accidentally became an outright sell. Silver has moved in concert, SLV -2.1% premarket. Oil and copper, both lower by more than 1%, complete the picture for key commodities. [View news story]
Coverage of LinnCo (LNCO) is launched at several firms with neutral ratings (I, II, III), but UBS starts at Buy with a $41 target price. LNCO was created by Linn Energy (LINE) to convert LINE's K-1 distribution to a 1099 qualified dividend and expand its investor base to MLP-adverse clients, and to create another LINE currency to accelerate its acquisition-driven growth strategy. [View news story]