Gold and silver prices rose and then fell on news from the Federal Reserve last week and this process is likely to both continue and intensify now that the central bank has surprised markets by delaying the start of tapering its $85 billion per month money printing effort. After the Fed policy decision was announced…
In last week’s report, we saw another quiet week in terms of COMEX gold inventories with registered inventories dropping slightly. This week’s COMEX registered gold inventories showed a slight gain for the first time in over two months, but the total weekly change was pretty much unchanged. Keeping track of COMEX inventories is something that is recommended…
MACKINAC ISLAND, Mich., Sept. 22 (UPI) — Organizers said Kentucky Sen. Rand Paul won a 2016 presidential poll of Republican leaders and activists at a Michigan conference. Paul was the keynote speaker at the Mackinac Republican Leadership Conference, and won the unofficial poll with 36 percent of the vote. “We’re pretty excited about it,” Paul said.…
Fed Unleashes Gold Adam Hamilton The Federal Reserve shocked the financial world this week, defying universal expectations. It failed to start reducing the pace of its third quantitative-easing campaign’s debt monetizations, delaying the long-anticipated QE3 taper indefinitely. This surprise ignited sharp moves in nearly all major markets, but gold’s was certainly the most impressive. It rocketed…
All those happy momentum buyers of paper gold and silver, GLD and SLV, got a stiff gut check today, especially if they were playing the miners and ETFs with options, because gold and silver took a determined bear raid selloff in honor of the September triple witching expiration today. It happens four times per year.…
Jim Rickards, author of the best-seller Currency Wars, sees the world’s central banks embroiled in a “race to debase” their currencies in order to restore – at any cost – growth to their weakened economies. In the midst of the fight, the U.S. Federal Reserve wields oversized power due to the dollar’s unique position as the…
Pre-FOMC comments are: We continue to feel that the tapering effect will fizzle out after the FOMC statement and the next big item will be the US debt ceiling. On that basis, we felt the precious metal will remain well bid as long as it can trade above its support level. We remain cautious of…
FRIDAY, SEPTEMBER 20, 2013 The more I look at this the more concerned I am becoming. It’s only natural to see day traders take profits after a huge momentum push like we saw on Wednesday. Usually a market will trade sideways for a day or two after that kind of move. But that kind of…
. Ignore the titles listed on the videos. Part 2 is actually part 1 and part 1 is actually part 2.
