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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

8/20/15

Gold is golden today. Newmont Mining (NEM) is the diamond today up 3.66% as gold continues to rebound as the major averages crumble. A 2% decline in the Dow and a nearly 3% decline in the Nasdaq sent investors fleeing to the gold standard today. Hedge fund and private equity firms have been buying up gold recently giving verification to the rebound. What do they know that we don't ?

 

Dog of the Day. Everything, but gold. On the NYSE decliners outpaced advancing stocks 12 to 1. While new lows outpaced new highs 45 to 1. Ugly day today.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.