Avoid These 3 Rookie Gold Trading Mistakes Now
Sometimes the best trade is no trade at all. The gold market continues to languish within a developing triangle pattern on the daily chart as traders await comments from Federal Reserve Chair Janet Yellen on Friday at the Fed summit in Jackson Hole Wyo…
Read moreEconomic Panel Sees Potential For Gold, ‘Helicopter Money’ Coming Soon
It’s only a matter of time before central banks take the next unprecedented step and issue helicopter money, and this stimulus will be a positive factor for gold, this according to some market players.
Detour Gold Further Trims Debt From Existing Cash Balance
Detour Gold Corp. (TSX: DGC) has trimmed its debt by using existing cash, reporting that the company repurchased $60 million of convertible notes for an aggregate purchase price
Read moreBBH: Odds Of Autumn Rate Hike Still Low Despite Hawkish Fed Comments
Financial markets have increased the odds of a Federal Open Market Committee rate hike this year, although the probability at the September and November meetings remains low, says Brown Brothers Harriman.
Read moreMoney Managers Trim Bullish Positioning In Gold, Silver – CFTC Data
Large speculators scaled back their bullish positioning in gold and silver futures during the most recent weekly reporting period for data compiled by the Commodity Futures Trading Commission.
Read moreGold, Silver Pressured By Bearish Outside Markets
Gold prices are down and hit a two-week low in early U.S. trading Monday.
Read moreGold Down Amid Bearish Outside Markets
Nymex crude oil futures prices are lower today on profit taking and a corrective pullback after hitting a six-week high on Friday.
Read moreThin Markets And Fed Blabber Conflict Gold Sentiment
Gold remains conflicted by the ongoing dialogue surrounding the next increase in Fed rates.
Read moreDollar Rises On SF Fed Chatter Pulling Gold Down
While we have to take seriously any statement from Federal Reserve regional bank presidents, not all comments are equal because not all Fed presidents are equal.
Read moreOlympic Drama and Not-so Happy Meals
You know markets were dull when Ryan Lotche – and not the Fed – dominates the chatter on the street.