Gold’s Reaction To FOMC Meetings…Pattern Or Mere Coincidence?
Letâ��s not focus on rate hikes for a second, and instead focus on an interesting pattern� that may be� forming in the gold market around the dates of Federal� Open� Market� Committee meetings.
Empire State Manufacturing Index Remains Weak In September
The Empire State manufacturing survey shows business conditions in New York remained weak in September, with the headline index upticking only marginally from the month before, the New York Federal Reserve said Tuesday.
U.S. Advance Retail Sales Rise 0.2% In August
Kitco News reports on advance U.S. retail sales data for August.
Read moreGold Slightly Lower Amid Still-Bearish Chart Posture
Gold prices are slightly lower in quieter early U.S. trading Tuesday. The near-term technical postures for gold and silver remain firmly bearish, which means the path of least resistance for prices remains sideways to lower.
Read moreMarkets Quieter Ahead of FOMC Meeting.
Gold prices are slightly lower in quieter dealings. The Chart postures for gold and silver remain firmly in the bearish camps, which means The path of least resistance for prices remains sideways to lower.
Read moreThe 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.