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...
Wednesday the FED made their decision on interest rates, they cut .25 bps which was already priced into the markets. The reaction was the typical sell on the news, equities and metals got hammered...
The Federal Reserve moved to cut interest rates by a quarter-percentage point—the first reduction since 2008—in a pre-emptive strike to cushion the economy from a global slowdown and continuing trade tensions...
Today has been circled on all traders and investors calendars as the most anticipated FED announcement in years happens at 2:00 EDT. The markets have priced in a .25 bps rate cut which has propelled gold, equities and bonds higher...
Yesterday we wrote that Gold and Silver would probably be quiet and flat until after the FED reported on Wednesday. It now looks like the metals are trying to get a jump on the FED and have started to rally...
After last weeks wild action in gold it now appears ready to run. The FED’s testimony did nothing to derail the underlying strength in the yellow metal and all signs point to a big run to the upside...
p>Once again gold bears tried to force the yellow metal down and it appears, they have failed. Going into the FED testimony gold was under pressure and looked like it might violate support clearing the way for a breakdown. But, surprise...
On Wednesday the Fed met and decided it was not going to cut rates at this meeting, but the Futures market has built in a 100% chance that there will be a quarter point cut in July. This doesn’t make much sense to me...
