Feb
2
2017

Current Thoughts 2/2/2017

From the Trading Desk Ahead of yesterday’s FOMC decision, the precious metals were on the defensive after better-than-expected manufacturing and private sector employment data weighed on the complex.  The ADP jobs figure widely beat expectations, with an increase of 246,000 jobs versus the consensus of 165,000, and the USD rallied while gold slid lower.  Gold moved higher as the FOMC …

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Jan
26
2017

Current Thoughts 1/26/2017

From the Trading Desk After failing at $1,220 on four separate days in the last week and a half, gold gave up on pushing higher and has now traded lower for three consecutive days.  Unsurprisingly, gold’s move south coincided with the USD gaining ground and with the Dow pressing above 20,000 for the first time ever.  The bevy of contentious …

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Jan
24
2017

Current Thoughts 1/24/2017

From the Trading Desk President Trump’s inauguration finally arrived (the most highly attended US presidential inauguration in history according to some sources) and the USD sold off as the markets digested the beginning of his term.  In non-volatile and fairly orderly trading conditions, gold caught bids as the dollar trended lower on inauguration day.  After USD gains following the presidential …

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Jan
19
2017

Current Thoughts 1/19/2017

With President elect Trump’s swearing in tomorrow, I expect to see his anti-dollar strength mantra continue that he started on Monday. This should send gold up to the $1,220 level and from there we’ll see what gold really has in store for us. I have been busy with interviews, writing articles and you can view those on the main blog …

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