After Monday’s beat down in the metals, Tuesday saw an expected dead cat bounce. Oversold markets typically create a bounce back to a resistance level which is exactly what happened on Tuesday as gold failed at 1493.5 December futures...
On Wednesday the FED did as expected cutting rates by .25 bps. The initial announcement sent Gold, Silver and the equities reeling. The Dow was down over 200 before coming all the way back and closing on their highs...
The U.S. dodged a bullet last week when Category 5 hurricane Dorian skirted the East Coast. Most of the major population centers did not receive a full blast and those that did were greeted with a storm that didn’t have the punch that was predicted for the South East...
The long-awaited FED decision comes today at 2:00 EDT. Expectations have been all over the place from a rate cut of .50bps to .25bps. Last week it looked almost guaranteed that the cut would be .50 but with the recent economic data...
Thursday, Super Mario Draghi, in his swan song as the head of the ECB, cut rates and added more Quantitative Easing. That action sent the Gold markets soaring higher, pushing the yellow metal up almost 30.00 before settling about 5.00 higher...
It has been a wild week in the metals, Gold and Silver pushed to new highs. Gold continues its dominance over Silver with the ratio of 90-1. Our expectations are that both metals will consolidate at these levels before continuing...
On Wednesday, Federal Reserve Chairman Jerome Powell announced that the Fed had decided to cut interest rates by .25 basis points. The market was expecting .50 basis points and immediately sold off. In fact, the S&P 500 had its first breakout move above or below 1% in thirty-eight trading sessions...
Almost as if we had seen today’s newspaper yesterday, Gold and Silver had one of the most recent reversals in years. After the FED decision on Wednesday, the metals got hammered. That selling continued into Thursday morning, but by the end of the day both had dramatic recoveries...
