The 6PM Recap With Gary Wagner: In his 1919 poem, “The Second Coming,” William Butler Yeats wrote:
Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world
Gold Higher On Short Covering, Bargain Hunting; FOMC on the Horizon
Gold prices ended the U.S. day session firmer on a quieter Monday in the marketplace. Some light short covering in the futures market and bargain hunting in the cash market were featured.
Read moreFed Already Missed Rate Hike Window Of Opportunity – Jim Rickards
As markets await the Federal Open Market Committee meeting Wednesday and Thursday to find out if the central bank will finally pull the trigger on interest rates, one best-selling author says the Fed already missed its window of opportunity.
Read moreTraders Re-establish Short Bets In Gold Market – CFTC
The gold market appears to only be able to attract investment capital on the short side of the market, while hedge funds are starting to dip their toes into the silver market, according to latest data from the Commodity Futures Trading Commission.
Read moreKirkland Lake Gold Lists Earnings, Free Cash Flow For 1Q Stub Year 2015
Kirkland Lake Gold Inc. (TSX, AIM: KGI) reports net income of C$4.2 million, or a nickel per share, for the first quarter of its “stub year” 2015, which includes the three months ended July 31.
Technical Trading: Gold Bides It’s Time, Brace For Kneejerk Move
The gold market has shifted into “wait and see” mode ahead of this week’s critical two-day policy setting meeting by the Federal Reserve.
Read moreMitsubishi: Precious Metals May Stage ‘Relief Rally’ If FOMC Remains On Hold
Should Federal Reserve officials remain on hold this week, there could be a “relief rally” in precious metals, says Mitsubishi.
Gold Sees Mild Short Covering And Bargain Hunting, But Quiet Ahead of FOMC
Gold prices are slightly higher in subdued early U.S. trading Monday.
Read moreFOMC Meeting In Focus.
Gold prices are near steady today as most markets are in a holding pattern.
Read moreThe 6PM Recap With Gary Wagner: When Anxieties Have Anxieties Because Of The Fed
Are Investors, analysts and traders acting like big babies? We think so. Even at its much easier-going mid-20s levels, the VIX is reporting that back to us. It’s absurd.