Gold Prices Jump On Further Rate Increase and Forward Guidance - March 22, 2018 10:19

Gold prices jumped $30 from the lows after the FOMC rate increase of 25 basis points. Along with what was a largely expected rate hike, the Fed hinted that rate increases may continue in a steep upward curve over the next few years. Alongside the hike came comments that the Fed intended to sound hawkish […]

GBP Makes Gains Before The FOMC Announcement - January 29, 2014 10:25

While the Pound initially advanced yesterday as the UK’s GDP report confirmed that the nation’s economy enjoyed its strongest year of growth since 2007, the British currency went on to pare gains against the US Dollar and Euro. The ‘Cable’ remained close to a 2 ½ year high following a mixed bag of US reports […]

Gold Fights for $1300 Ahead of Fed Meeting - September 18, 2013 16:36

The all-important FOMC meeting should be concluded and if it went to form the members spent all of 20 minutes deciding the fate of the world and 2 days figuring out how to communicate that to us mere mortals.  When you think of it like that the idiocy of central planning is pretty stark.   But, […]

The FOMC Talks and the Markets Shriek - June 19, 2013 22:50

The Fed  held its monthly meeting to determine the course of the world over the past two days wherein it was decided that the current QE program would continue indefinitely. But, the rhetoric surrounding said indefinite time frame was apparently hawkish enough to send everyone scrambling for cash.  In the wake of the press conference […]

Gold Plays Possum While Yields Continue to Rise - June 18, 2013 1:46

After Friday’s Hilsen-Rumor put an exclamation point on the idea that bond yields would be turning around after a six week wild ride to the upside, lo and behold what a new week begets.  Yields held steady early in the day and a late article by the Financial Times now has the tapering of QE […]

Gold and Silver Continue to Build New Base - May 7, 2013 2:09

From the bullish perspective Gold and Silver are both continuing to hold onto gains made after the historic — and wholly manufactured — crash that occurred between April 12th and April 15th.  In a story that is beginning to sound like that of the movie “Groundhog Day” gold gave back gains made over night selling […]

GDP Prints Negative Gold Reclaims $1680 - January 31, 2013 0:41

The surprise print of negative GDP growth in the U.S. for the fourth quarter sent gold up 1% (love those ESF guys coming in to ensure it goes absolutely no higher than that) past $1680.   Not only did gold survive that and not give back that gain immediately it survived a brief assault as the […]

Gold Holds onto $1700, Closes Flat Before FOMC - December 12, 2012 0:35

Tomorrow is the latest policy statement by the FOMC and as such always creates certain types of havoc in the markets.  If Bernanke and the Fed announce the actual commencement of the QE program that they promised back in September, then this latest relentless attack on the price of Gold today can be seen as […]

Economic Events to Affect the Forex Markets - January 10, 2012 19:54

Major economic events for the week ending January 13th, 2012, which have significant impact on the forex markets are as follows: On Monday, report on investor confidence was reported in the euro zone region along with data on German industrial production. In United States, member of Federal Open Market Committee, Dennis Lockhart is to address […]