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On the New York Merc, silver futures for April vaulted 46.3 cents to $5.22 an ounce, the highest daily settlement for near-term deliveries since Nov. 17.
Gold for current delivery jumped $8 an ounce, to $375.50 an ounce on New York's Commodity Exchange, the highest settlement of a near-term contract since Jan . 29 , 1991
In the near term, the settlement will be bad news for investors in Mr. Ackman's hedge fund who have lost money investing in his fund over the last year and a half.
Such settlements are fine for near-term, extraordinary income boosts but certainly are not the foundation of a solid business model".
"Our near-term program has not included any plan for settlement on the moon," he said.
We think that the near-term risk of higher contributions to support the defined benefit [pension] scheme is limited but a broad-based settlement on future pension provision is needed.
– Near-term electric vehicle deployment.
There is no near-term danger.
Greece has near-term financing pressures.
No near-term earnings leverage expected here.
But near-term growth prospects are good.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com