This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Asia Markets Up After US Delivers Positive Data


LONDON (AP) â¿¿ The price of silver was the standout mover in financial markets Monday as it took a hammering for the second trading session in a row, even as stocks remained relatively solid amid hopes over the U.S. economy.

By late-afternoon London time, the metal's price was down 3.8 percent to $21.66 an ounce. Earlier in the session, it had fallen over 7 percent to $20.25, its lowest level since September 2010.

Commodity prices have suffered in recent weeks as investors preferred to put their money in stock markets. Gold has dropped the most, but silver often falls in its slipstream. The price of gold was also lower Monday, down 1.6 percent at $1,364 an ounce.

Aside from investors' preference for other assets, commodities have struggled for other reasons too, including fears that indebted eurozone countries may sell some of their gold reserves to raise money.

Weak inflation â¿¿ in spite of huge money-creation policies by many of the world's leading central banks â¿¿ has also taken its toll. Commodities, especially gold, are used as a store of value when inflation fears grow.

"Growing evidence of falling inflation in Europe, the U.S. and the rest of the world has prompted investors to lighten their holdings in both gold and silver in the past few weeks," said Michael Hewson, senior market analyst at CMC Markets.

Elsewhere, stocks were subdued amid a dearth of economic data. But even though many stock indexes around the world have either hit record highs or multiyear peaks, investors have so far refrained from widespread profit-taking â¿¿ a sign of underlying strength.

In Europe, the FTSE 100 index of leading British shares was up 0.5 percent at 6,755 â¿¿ its highest level since mid-2000. Germany's DAX, which has set a series of all-time highs, rose 0.7 percent to 8,455. The CAC-40 in France was 0.5 percent lower at 4,022.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,214.42 -10.15 -0.06%
S&P 500 2,110.74 -3.12 -0.15%
NASDAQ 4,987.89 +20.7530 0.42%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs