Category: Quantitative Easing

Gold and Silver Forecast for December 22-26

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The bullion market cooled down again last week even though the recent FOMC statement was relatively balanced and the market’s reaction was relatively calm. This upcoming short week is likely to entail low volatility as the year is winding down.…

Gold and Silver Forecast for December 15-19

Gold and silver resumed their recovery again, while the U.S. dollar sell offs against leading currencies took place. This week, however, the highly anticipated FOMC meeting could stir up the bullion market again and perhaps even change its direction. This…

Gold and Silver Forecast for November 24-28

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…

What Is Next for GLD?

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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…

Gold and Silver Forecast for November 10-14

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…

Gold and Silver Forecast for November 3-7

The tumble in gold and silver came following the announcement of the FOMC to end QE3 and hawkish statement. The U.S. GDP for the third quarter also provided some backwind for the U.S. dollar and dragged down bullion prices. Finally,…