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Wednesday, June 20, 2018
The harsh selling in gold but especially silver on Friday – down 2.3% and 4.5%, respectively – was largely the result of widespread liquidation across the entire commodity spectrum during the early morning hours. The selloff followed an announcement by […]
This week on Wednesday (06/13/2018), the Federal Reserve will gather for its once-per-six-week meeting on monetary and interest rate policy in the United States. We have demonstrated how since the first interest rate hike of the present cycle in December […]
The US dollar has been rising in a counter-trend rally since mid-April, up nearly 6% on the dollar index over the past five weeks on speculation that the Federal Reserve will again raise interest rates at the coming June 13 […]
The unspoken behemoth in world markets continues to be the United States bond market, which is gathering momentum downward in a sign of having solidified a long-term generational top. Following the failure of the parabolic curve shown below that was […]
This Wednesday’s Federal Reserve meeting came and went without significant impact. Indeed, interest rates held steady, as expected. The language out of Fed chair Jerome Powell’s accompanying statement was mostly unchanged from the prior March meeting. One interesting snippet from […]
The US dollar has begun a counter-trend rally which should last for several months. As precious metals investors, why should we care about what happens to the dollar? The coming advance may put downward pressure on the precious metals […]
The CRB (Commodity Research Bureau) index, a basket of 19 commodities which includes gold, silver, platinum, palladium, the industrial metals, the energy complex, and agricultural products, is our preferred measure to follow the entire commodity sector as an average. We […]
Gold has just broken a new all-time quarterly record for volume – again. With Q1 2018 in the record books, we can see below that gold has just exceeded its previous record volume, which was set in Q4 2017. The […]
For the week, silver finished lower by 1.9% or $0.31 to close at $16.27 as of the final trade on the New York COMEX on Friday afternoon. The negative price action in silver at this juncture can only be taken […]
On Wednesday the U.S. Federal Reserve hiked short-term interest rates for the 6th time since the present cycle of rising rates began in December 2015. The federal funds rate now stands at a 1.50% – 1.75% target range. As we […]
