Dow Jones is reporting this morning that a total of TEN firms have agreed to accept portions of MF Global's clientele.
The firms are as follow:
Dorman Trading LLC
BNP Paribas
RJ O'Brien & Associates
Mizuho Securities USA
Newedge
FC Stone
Rosenthal Collins Group
Penson Financial Services
ADM Investor Services
Macquarie Futures USA
Thursday, November 3, 2011
HUI is continuing to outperform the broader equity markets
The lower interest rate environment (the ECB cut rates and the Reserve Bank of Australia did likewise) is proving to be a boon for gold. That is helping pull silver higher even as it waffles back and forth between risk on and risk off trades. The end result is that a fairly good stream of buying is coming into the gold shares, many of which remain undervalued in the eyes of prospective buyers.
The gains in the mining sector are outpacing the gains in the broader equity markets while on downside trips they are holding better. It would be a pleasant change if there were a growing group of investors who were viewing gold and silver shares as defensive holdings in the current economic climate.
The gains in the mining sector are outpacing the gains in the broader equity markets while on downside trips they are holding better. It would be a pleasant change if there were a growing group of investors who were viewing gold and silver shares as defensive holdings in the current economic climate.
