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Leigh Baldwin & Co.

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

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Diamonds and Dogs

8/5/19

Only a few diamonds today. Newmont Goldcorp (NEM) is up 2% as the price of gold hits $1470/oz, a new six-year high amid trade and growth concerns. No news on Goldcorp. The stock is still not far from its 52 week low following disappointing earnings back in July, but with the markets down over 2%, only a few stocks trading higher.  

Plenty of dogs with the markets down 2%. Another vicious sell off due to trade tariffs concerns with China. The Chinese Amazon, Alibaba (BABA) is down 3%. Industrials like Caterpillar (CAT) and Boeing (BA) that do a lot of business in China are down 2%. Apple (AAPL) is down 4% on Chinese trade concerns. The banks are taking a hit. Bank of America (BAC) and Citigroup (C ) are down nearly 4%. Berkshire Hathaway (BRK-B) is down 1.4% following earnings over the weekend. That's almost a win down only 1.4%.

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.