Friday, September 22–Jim Wyckoff’s Morning Markets Report
OVERNIGHT DEVELOPMENTS
World equity markets were mostly weaker overnight as risk aversion has quickly returned to the marketplace ahead of the weekend. North Korea has threatened to detonate a huge hydrogen bomb over the Pacific Ocean. “Rocketman” Kim Jong Un has vowed to use “hard-line countermeasures” in response to President Trump’s threat earlier this week to destroy North Korea. U.S. stock indexes are also pointed toward weaker openings when the New York day session begins.
Gold prices are showing modest gains on renewed safe-haven demand, some bargain hunting from recent losses, and on short covering in the futures market. Silver prices are also slightly up, following gold.
