The modest recovery of SPDR Gold (GLD) in recent weeks came after shares of the gold ETF tumbled during the preceding two months. Despite this modest gain, GLD is still underperforming equities. Also, the rise in the gold to silver…
Markets are different during the holiday season that just began. How should you react? We begin with this topic and then talk about things that do move markets: the US data and especially GDP that look more complicated than earlier, the UK…
The prices of gold and silver recovered again in the past week mainly by the end of the week following the recent decision from Beijing to slash the interest rate in order to deal with the economy’s sluggish growth rate…
The recent decision of People Bank of China to cut its deposit rate by 25 bp and one year lending rate by 40 bp is the first step Beijing made towards dealing with the country’s economic slowdown. This news has…
A packed show begins with US housing and its very close correlation to growth. We then run down the FOMC Meeting Minutes and continue to more exciting events: the political turmoil in Japan which is rocking the yen, and what’s going…
Shares of SPDR Gold (GLD) are up by 2% since the beginning of the month. The recent release of the minutes of the FOMC didn’t move the precious metal ETF from its current price range. Let’s review the latest minutes…
The recent rally of gold and silver coincided with the pull back in U.S. dollar. The latest JOTLS report didn’t meet market expectations but was still very good overall after considering the headlines. This week, the main even will be…
The U.S. dollar changed direction and slipped against most currencies including Euro and Aussie dollar, while precious metals recovered. Energy prices including crude oil and natural gas also a dive during last week. Will the sharp changes and high volatility…
The Aussie is a very popular currency and for good technical and fundamental reasons. After diving down under, we go back to the USA and examine all jobs numbers leading to the FOMC minutes. The British pound has been punished,…
Gold and silver bounced back on Friday following the release of the U.S. NF payroll report, which was slightly below expectations in terms of growth in number of jobs – 214K and not 230K as anticipated. Despite this rally, both…