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...
The Federal Reserve raised interest rates on Wednesday and signaled that two additional increases were on the way this year, as officials expressed confidence that the United States economy was strong enough for borrowing costs to rise without choking off economic growth...
Federal Reserve Board Chairman Jerome Powell on Friday gave a shout-out both to central banks’ independence but also their need to be transparent. Speaking at an event hosted by the Swedish central bank in Stockholm, Powell said the Fed’s independence is important to both its monetary policy and regulatory missions...
(Kitco News) - After the biggest weekly drop in five months, gold bulls are not ready to give up their tug of war against the bears just yet, according to analysts.
As gold gets ready to close the week below $1,300 an ounce for the first time this year, analysts are scrambling to project where the yellow metal might head next when the dust finally settles...
February is here, yet nothing has changed, the FED remains clueless. On Wednesday, the FED did nothing, leaving rates unchanged as expected, but showed that they have no idea about what to do next...
