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M#4 Keeps the Tape Rolling

Daily Rap 11-27-2019

It was a mixed bag for the game of beat-the-number last night, but as we all know, any bad news is quarantined and thus irrelevant, so I won't discuss the details. The indices were sort of mixed at midday, with the Nasdaq up 0.5%, the Dow flat, and the S&P modestly higher. In the afternoon, the S&P and Nasdaq added to their early gains while the Dow didn't do much.

Away from stocks, green paper was a little stronger, fixed income was lower, and the metals lost 0.5% apiece.

Housekeeping There will be no Rap or Ask Fleck on Friday because the shortened holiday session certainly won't have any information in it, so there's no point commenting on it.

I hope everyone has a wonderful Thanksgiving and sometime soon I'll be discussing my plans for matching...more

Last year's posts for Ask Fleck

Q: For your info. The history of the China trade deal.
A history of the "close" China trade deal

Fleck: It is so absurd.
(posted: 11/27/2019)

Q: Hi Fleck: do you think KL buying Detour is at all comparable to AEM along with AUY, buying Canadian Malartic, a large low grade mine, from Osisko? Thank you.

Fleck: It's similar, but still quite different.
(posted: 11/27/2019)

Q: If gold prices stay where they are should KL earn less per share or more? And is that a good benchmark.

Fleck: Less. There are more shares and the new assets earn less per share than the old assets.
(posted: 11/27/2019)

more Ask Fleck...

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