The Federal Open Market Committee ended Wednesday afternoon with a statement that showed no interest rate change, as expected. The statement said the Fed will start to shrink its balance sheet by $10 billion a month starting in October. That rate will progressively increase. The tone of the statement suggested there is still a good chance the Fed will raise …
Weekly Gold Report
Gold futures traded lower for the first week in the last four as once again an unrelenting rally in the equity market pushed weak longs into liquidation in both gold and silver. For the week, gold lost $25.90 to close at 1325.2 basis December futures. Silver lost just over .42 cents to close at 17.70. Fear gauges like the VIX …
Daily Gold Report
Gold fell to its lowest in more than a week on Tuesday as easing concerns over North Korea’s nuclear ambitions and the impact of Hurricane Irma tempered demand for the metal as a haven from risk while the dollar strengthened. World stocks hit record highs for a second straight day on Tuesday as investors opted for nominally higher risk-assets over havens …
Daily Gold Report
After reaching new yearly highs yesterday off of fears of nuclear proliferation with North Korea, longs in gold booked profits today as headlines in Washington D.C. took top step for investors.The gold market saw selling pressure right after midday news reports that President Trump said he will support a three-month extension to the U.S. debt limit. That would keep the …
Daily Gold Report
Dovish central bank Presidents that have echoed dovish commentary on short term interest rates along with continued geopolitical chaos in Washington have sent the Dollar spiraling lower while ushering in new longs in the precious metals sector. On top of that the devastation that continues in south Texas due to hurricane Harvey that continues to wreak havoc along the gulf …
Daily Gold Report
Gold and silver prices retreated for the second consecutive session as last week’s fears over a nuclear conflict with North Korea have abated and as of today the third or fourth story in the news cycle. Also weighing on gold prices was the prospect of another increase in U.S. interest rates, with an influential Federal Reserve official saying on Monday he …
Weekly Gold Report
Gold prices climbed to two-month highs on Friday as investors sought refuge from escalating tensions between North Korea and the United States, while bullion also received support from weak U.S. inflation data. U.S. President Donald Trump issued a new threat to North Korea, saying American weapons were “locked and loaded” as Pyongyang accused him of driving the Korean Peninsula to the …
Daily Gold Report
Gold prices held steady today, after hitting a one-month high on Monday, buoyed by political uncertainty in the United States, as investors await the Federal Reserve meeting for clues on monetary policy. August gold futures lost $2.20 to close at 1252.1. Silver traded slightly higher gaining just over 9 cents to close at 16.54 basis September futures. Some upbeat U.S. …
Weekend wrap
Good Morning Farmers, Commercials and Traders, Part of being a successful trader requires having levels that you confident about, followed by a trading methodology that allows you to shoot bigger with a tighter risk profile. Last month gave a precise example with soybeans where, for instance if you were a 10 lot trader you might buy 5 @ OLB#1 thin …
Few (6) Quality Olive Trade flashing
Markets are heating up everywhere, across the board so here are a few chart spots that have hit olive conditions. This olive is at the genesis of trading throughout the time spectrum that offers value and keeps you out of the way as it approaches. The value of quality research means you wait for trade conditions to materialize. Right? So …