The BEA published a slightly lower than expected GDP (first estimate) for Q4 2015: The growth rate was 0.7% – 0.1 pp below market expectations. In the third estimate the GDP growth rate was 2%. So the U.S. economy grew…
The Fed, as expected, didn’t rock the boat with a rate hike; nor did it back down from its stance to raise rates this year. So what else is new? Well, the Fed address the high volatility in the financial…
Gold and silver prices slightly rose last week as the ECB promises more stimulus to follow, which could keep the U.S. dollar strong against the Euro. This week, the main event is the FOMC meeting that could impact the direction…
Another turbulent week ended with falling and then rising equities and commodities prices – mostly oil. Well, this week isn’t likely to be much different so expect more high volatility on all fronts. The main events of the week come…
The crash in stocks and commodities has reached central banks and we have seen some action. This is not necessarily a positive for everybody. We begin by breaking down the ECB’s big move, continue to other central bank talk, dig…
The recovery of gold and silver slowed down as two forces moving in opposite directions impacting precious metals prices: The rally of USD – dragging down PMs – and the rise in global economic gloom as reflected by lower long…