The pain continued for precious metal investors this week. As tempting as it may be to hide our heads in sand, this won’t be our best interests in the long run. Let us resist this urge and instead examine the facts as they appear in front of us. This examination […]
Weekly Market Analysis
Trouble in Turkey Boosts Dollar
Turkey is on the world’s financial radar suddenly. Concerns over the state of the country’s economy, including high debt, high inflation, and government intervention in the Turkish central bank’s operations have resulted in a 45% drop in the value of the Turkish lira already in 2018. On Friday alone the […]
Fed Has the Market in Its Pocket
The July 31 – August 1 Federal Reserve policy meeting came and went without much fanfare this week. The Fed kept its interest rate policy stable for the time being, with the central bank’s target rate stationary at 1.75% – 2.00%. The next increase is more probable at the September […]
Gold Breaks Rising Support
On the heels of continued commodity weakness following the US – Chinese trade wars, gold has suffered a medium-term trend break over the past week. (See last week’s article). This must alter our outlook for precious metals over the intermediate future. The final print for gold on the New York COMEX […]
US/China Tariffs Weigh On Commodities
The commodity complex continues to struggle on the heels of intensifying trade wars between the world’s two largest economies. The United States and China. On Tuesday President Trump released a list of Chinese goods valued at $200B that may be subject to a new 10% tariff. This follows the $50B […]