The recent decision of China to allow its currency to slightly devalue has caused a sharp rise in volatility mainly in the foreign exchange market. Now that the talks of additional devaluation has subsided, the focus in the financial markets…
In the second quarter, Yamana Gold (AUY) reported a net loss of $0.01 per share – a bit lower than market estimates. The company presented a gain of 16% in its gold production, which is still a bit off it’s the…
The NFP report came close, but still a bit short, of market estimates. This report, however, didn’t provide any clarification about the Fed’s rate hike timing, if at all, any more than the FOMC meeting did in the preceding week.…
The NFP report didn’t turn out to get a strong market reaction considering it came very close to market expectations with a gain of 215K. But another fair report is still another chip for the Fed to consider raising rates…
Where is the Fed headed? A lot depends on the NFP. We discuss everything and also talk about falling oil and the somewhat neglected price of silver before previewing next weeks’s events. You are welcome to listen, subscribe and provide feedback. Direction of…
Never a dull moment for bullion investors in the past months: Last week, bullion prices bounced back, even though other major commodities mainly in the energy sector kept coming down. The rally came when the FOMC, wait for it, didn’t…
The FOMC, as usual, didn’t make any major changes to its policy and didn’t offer any big headlines. But this was interrupted by the markets that there won’t be a September rate hike. Also, the U.S. GDP for Q2 came…
QE is certainly controversial and will continue to stir a debate or a quarrel between various pundits. After this debate, we move on to an interview with FXStreet founder and president Francesc Riverola and top off with a discussion about…
The FOMC concluded its meeting and released another statement that didn’t offer much new information about the timing of the first historic rate hike. I know what you think – shocker! Well to be fair, there were modest changes to…
Despite the slow week we had in the financial markets with no big event or news release, the gold market took another hit with a flash crash at the beginning of the week. By the end of the week, gold…