U.S. durable goods orders +3.4% in Apr, well above expectations of +0.5%, vs positive revised +1.9% in Mar; ex-trans +0.4%.

26-May (USAGOLD) — The internals of the report are not as positive as the headline number suggests. Nondefense capital goods orders (excluding aircraft) was -0.8% in April, versus upward revised -0.1% in March. This key indicator has been negative in five of the past 6-months.