Both gold and silver are showing moderate gains on the day. These gains are a direct result of dollar weakness and bullish market sentiment which stems from the renewed hope for a greatly needed fiscal stimulus. This has rekindled the belief that there will be a fiscal stimulus deal forthcoming. U.S. House Speaker Nancy Pelosi met with the Treasury Secretary Steve Mnuchin on Wednesday, and spoke on the phone every day last week. This in an effort to discuss a bipartisan aid package.
Last week the Congress passed a $2.2 trillion fiscal aid package, however as it stands many analysts believe that it will not likely be approved by the Senate. On Sunday Pelosi said that, “Progress was being made on a coronavirus relief package.” The California Democrat, appearing on CBS’s Face the Nation, indicated that she and White House negotiators were close to a deal, but blames Republicans for delays.
However according to CBSN Boston, “That progress, made between Pelosi and Treasury Secretary Steve Mnuchin, would still need to be approved by the GOP-controlled Senate in order to be signed into law. Senate Majority Leader Mitch McConnell suspended his chamber until October 19 after three Republican senators tested positive for COVID-19 in the wake of the president’s positive test. However, he has said that he could recall senators to hold a floor vote if a deal on a new economic package is made.”
According to the Washington Post, the fiscal stimulus bill could be completed by the end of this week. “Pelosi and Mnuchin revived bipartisan talks earlier this week and expressed optimism that an agreement could be reached. White House officials have in recent days privately expressed confidence that they could secure at least the outlines of a deal by the middle of next week, according to one person who spoke on the condition of anonymity to share details of private conversations.”
On Saturday afternoon President Trump tweeted from Walter Reed National Medical Center “OUR GREAT USA WANTS & NEEDS STIMULUS. WORK TOGETHER AND GET IT DONE. Thank you!”
Today’s gains in gold are almost split equally between bullish market sentiment and dollar weakness. This becomes greatly visible when we look at the KGX (Kitco Gold Index). According to the index spot gold gained $14.30 and is currently fixed at $1,913.10. On closer inspection dollar weakness accounted for a gain of $7.60, a little over half of today’s gains, with the remaining $6.70 attributed to bullish market sentiment.
Gold futures basis the most active December 2020 Comex contract gained $11 in trading today (+0.58 %), and is currently fixed at $1918.60. The U.S. dollar index lost (-0.45 %), which means that bullish sentiment for gold futures accounted for +0.13%. This is the highest closing price gold has traded to since September 22.
Silver futures basis the most active December 2020 Comex contract gained 2.04%, a $0.49 gain taking current futures pricing to $24.52.
Our technical studies indicate that there is moderate support for silver futures at $22.94 which corresponds to the 38% Fibonacci retracement. Major support for silver continues to be at its 100-day moving average which is currently fixed at $22.34. These studies also indicate that there is major support for gold at $1,860 which occurs at the 100-day moving average, and 38% Fibonacci retracement. The next level of resistance occurs at the key psychological level of $1,900 per ounce, with major resistance at the 50-day moving average in both gold and silver. For silver this average is currently fixed at $26.13 and for gold at $1,952.30.
For those who would like more information on our service simply use this link.
Wishing you as always good trading and good health,
Most job search advice is cookie-cutter. The advice you’re following is almost certainly the same advice other job seekers follow, making you just another candidate following the same script.
In today’s hyper-competitive job market, standing out is critical, a challenge most job seekers struggle with. Instead of relying on generic questions recommended by self-proclaimed career coaches, which often lead to a forgettable interview, ask unique, thought-provoking questions that’ll spark engaging conversations and leave a lasting impression.
Your level of interest in the company and the role.
Contributing to your employer’s success is essential.
You desire a cultural fit.
Here are the top four questions experts recommend candidates ask; hence, they’ve become cliché questions you should avoid asking:
“What are the key responsibilities of this position?”
Most likely, the job description answers this question. Therefore, asking this question indicates you didn’t read the job description. If you require clarification, ask, “How many outbound calls will I be required to make daily?” “What will be my monthly revenue target?”
“What does a typical day look like?”
Although it’s important to understand day-to-day expectations, this question tends to elicit vague responses and rarely leads to a deeper conversation. Don’t focus on what your day will look like; instead, focus on being clear on the results you need to deliver. Nobody I know has ever been fired for not following a “typical day.” However, I know several people who were fired for failing to meet expectations. Before accepting a job offer, ensure you’re capable of meeting the employer’s expectations.
“How would you describe the company culture?”
Asking this question screams, “I read somewhere to ask this question.” There are much better ways to research a company’s culture, such as speaking to current and former employees, reading online reviews and news articles. Furthermore, since your interviewer works for the company, they’re presumably comfortable with the culture. Do you expect your interviewer to give you the brutal truth? “Be careful of Craig; get on his bad side, and he’ll make your life miserable.” “Bob is close to retirement. I give him lots of slack, which the rest of the team needs to pick up.”
Truism: No matter how much due diligence you do, only when you start working for the employer will you experience and, therefore, know their culture firsthand.
“What opportunities are there for professional development?”
When asked this question, I immediately think the candidate cares more about gaining than contributing, a showstopper. Managing your career is your responsibility, not your employer’s.
Cliché questions don’t impress hiring managers, nor will they differentiate you from your competition. To transform your interaction with your interviewer from a Q&A session into a dynamic discussion, ask unique, insightful questions.
Here are my four go-to questions—I have many more—to accomplish this:
“Describe your management style. How will you manage me?”
This question gives your interviewer the opportunity to talk about themselves, which we all love doing. As well, being in sync with my boss is extremely important to me. The management style of who’ll be my boss is a determining factor in whether or not I’ll accept the job.
“What is the one thing I should never do that’ll piss you off and possibly damage our working relationship beyond repair?”
This question also allows me to determine whether I and my to-be boss would be in sync. Sometimes I ask, “What are your pet peeves?”
“When I join the team, what would be the most important contribution you’d want to see from me in the first six months?”
Setting myself up for failure is the last thing I want. As I mentioned, focus on the results you need to produce and timelines. How realistic are the expectations? It’s never about the question; it’s about what you want to know. It’s important to know whether you’ll be able to meet or even exceed your new boss’s expectations.
“If I wanted to sell you on an idea or suggestion, what do you need to know?”
Years ago, a candidate asked me this question. I was impressed he wasn’t looking just to put in time; he was looking for how he could be a contributing employee. Every time I ask this question, it leads to an in-depth discussion.
Other questions I’ve asked:
“What keeps you up at night?”
“If you were to leave this company, who would follow?”
“How do you handle an employee making a mistake?”
“If you were to give a Ted Talk, what topic would you talk about?”
“What are three highly valued skills at [company] that I should master to advance?”
“What are the informal expectations of the role?”
“What is one misconception people have about you [or the company]?”
Your questions reveal a great deal about your motivations, drive to make a meaningful impact on the business, and a chance to morph the questioning into a conversation. Cliché questions don’t lead to meaningful discussions, whereas unique, thought-provoking questions do and, in turn, make you memorable.
Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers “unsweetened” job search advice. You can send Nick your questions to artoffindingwork@gmail.com.
CALGARY – Canadian Natural Resources Ltd. reported a third-quarter profit of $2.27 billion, down from $2.34 billion in the same quarter last year.
The company says the profit amounted to $1.06 per diluted share for the quarter that ended Sept. 30 compared with $1.06 per diluted share a year earlier.
Product sales totalled $10.40 billion, down from $11.76 billion in the same quarter last year.
Daily production for the quarter averaged 1,363,086 barrels of oil equivalent per day, down from 1,393,614 a year ago.
On an adjusted basis, Canadian Natural says it earned 97 cents per diluted share for the quarter, down from an adjusted profit of $1.30 per diluted share in the same quarter last year.
The average analyst estimate had been for a profit of 90 cents per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Oct. 31, 2024.
CALGARY – Cenovus Energy Inc. reported its third-quarter profit fell compared with a year as its revenue edged lower.
The company says it earned $820 million or 42 cents per diluted share for the quarter ended Sept. 30, down from $1.86 billion or 97 cents per diluted share a year earlier.
Revenue for the quarter totalled $14.25 billion, down from $14.58 billion in the same quarter last year.
Total upstream production in the quarter amounted to 771,300 barrels of oil equivalent per day, down from 797,000 a year earlier.
Total downstream throughput was 642,900 barrels per day compared with 664,300 in the same quarter last year.
On an adjusted basis, Cenovus says its funds flow amounted to $1.05 per diluted share in its latest quarter, down from adjusted funds flow of $1.81 per diluted share a year earlier.
This report by The Canadian Press was first published Oct. 31, 2024.
