NGD Held it's Own - This Week, IMHO .. Considering, the markets action, NGD has held it's own this week - As follows :
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Market News: Before the Bell
Premarket: Dow stable as terrible week winds down (RTGAM)
DAVID BERMAN
Global stocks looked relatively stable on Friday morning as a volatile week winds down and investors digest what has been a flurry of news suggesting that the global economy might not be as strong as some had hoped.
U.S. index futures were flat with less than two hours before markets open, suggesting stocks will open little changed. Futures for the Dow Jones industrial average were up 9 points or less than 0.1 per cent. Futures for the broader S&P 500 were unchanged.
The calm surface follows three consecutive down days for the Dow, which is on track to fall 1.4 per cent this week and mark its worst weekly performance since mid-December -- which is when the latest leg of the bull market began.
Investors this week have grappled with a number of disappoints, including contracting manufacturing activity in China and the euro zone, along with fears of slowing commodity consumption in China. The latest wrinkle: the Financial Times is reporting that the European Commission is recommending the euro zone nearly double the size of its rescue fund to €940-billion from the current €500-billion -- a reminder that the sovereign-debt crisis is still around.
In Europe, the U.K.'s FTSE 100 and Germany's DAX index were down 0.2 per cent each in afternoon trading. In Asia, Japan's Nikkei 225 fell 1.1 per cent in overnight trading.
Commodity prices rose slightly. Crude oil rose to $105.88 (U.S.) a barrel, up 0.5 per cent. Gold rose to $1,651 an ounce, up 0.5 per cent.
In earnings news, Nike Inc. was relatively unchanged in premarket activity after it reported a 7 per cent gain in its fiscal third-quarter earnings, released on Thursday after markets closed.
Meanwhile, Statistics Canada reported that the country's inflation rate rose to 2.6 per cent in February. Even after stripping out volatile food and energy items, the rate rose 2.3 per cent, which is above the Bank of Canada's target.
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