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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

12/3/19

Gold having a good day. Gold is up one percent as gold miner, Newmont Goldcorp (NEM) is up 1.5% after updating their 2020 production numbers and announcing a billion dollar share buyback over the next year representing 3% of their outstanding shares. Newmont's stock has rallied 11.1% year to date, while the gold miner's ETF has run up 28.0% year to date.

Trump pouring cold water in the China trade deal. Trade related stocks like Caterpillar (CAT), Apple (AAPL) and Micron (MU) are all down over 2%. The semiconductor Index is down 2%. Delta (DAL) is down 2.8% after November load factors shows supply outpacing growth. Beyond Meat (BYND) is down 4% and down 68% from the July highs as a new analyst said he cannot recommend the stock due to sky high valuation. Not many stocks trading higher 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.