The Fed Reserve appears to be on the edge of a credibility problem: the market does not believe the central bank’s official forecast for interest rate policy. For reference, the current Fed-controlled short-term interest rate is set at a range between 2.25% – 2.50%. Below we show the Fed “Dot […]
Gold Breaks Support – Silver Holds On the heels of an advancing US dollar and a stock market which is challenging all-time highs, gold fell $19 or 1.5% this week. Broke the “neckline” support level at $1,283 (black) of the head & shoulders pattern (blue callouts) in the expectation we […]
For the week, gold was lower by a nominal $0.40 cents or 0.03% to close at $1,295.20 as of the final trade on the New York COMEX on Friday afternoon. From a technical basis, it would be extremely healthy to see gold simply consolidate above the $1,283 level through May. […]
For the week, silver finished lower by a marginal $0.02 cents or less than 0.2% to close at $15.09 as of the final trade on the New York COMEX on Friday afternoon. The gold to silver ratio thus declined slightly, by less than 0.1 point, to 85.9. The key level we […]
In 2019, the Austrian Mint released three silver coin series to celebrate their 825th anniversary. In 2019, the Austrian Mint released three silver coin series to celebrate their 825th anniversary. The three releases signify three iconic historical moments and the founding of the Vienna Mint. Back in 1991, King Richard […]
