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 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...
Shares of embattled utility PG&E plummeted Monday after a judge ruled that a jury can decided whether the company should pay up to $18 billion in damages to wildfire victims. The California supplier of gas and electricity fell to $10.05 — about 30% — on the week's first day of trading...
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...
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...
On Friday gold was breaking out big time to the upside. The explosion took gold to 1362 before the sellers showed up and Gold fell below the key breakout level of 1350. This was an ugly day and could have signaled a key reversal to the downside in gold...
The FED spoke and the metals got hammered. After being flat most of the day and then attempting to rally in front of the FED announcement, Gold and Silver got hammered...
Over the last couple of weeks our message on the metals has been the same, they are in consolidation. One thing to remember...
The Federal Bureau of Investigation has launched a probe into pricing practices within American Express Co.’s foreign-exchange unit. The investigation is in its early stages and is focused on whether the foreign-exchange international payments department misrepresented pricing to clients in order to win their business...
