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Tuesday
Mar212017

Gold Price Target Unchanged at $10,000/oz

Background

This was a target we set on Monday, June 19, 2006, however it is taking longer to get there than we anticipated back then.

It was 10 years ago but the reasons for this gold price forecast were roughly as follows:

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Thursday
Mar162017

Gold Up 1.8%, Silver Up 2.6% After Dovish Fed Signals Slow Rate Rises




– Gold up 1.8%, silver up 2.6% – Fed signals slow rate rises
– Dollar sells off as Fed raises 0.25% to target range of 0.75 percent to 1 percent on inflation outlook and “ebullient” stocks
– Gold’s biggest 1 day percentage gain since September 2016

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Wednesday
Mar152017

Fed Hikes Rates For Third Time Since Financial Crisis, Sees More In 2017

The Fed hiked rates for the first time this year on Wednesday, in a widely expected move that reflects continued confidence in the state of the American economy.

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Tuesday
Mar142017

Here Is What You Need To Know Ahead Of Tomorrow’s Fed Rate Hike

With markets awaiting the interest rate decision, here is what you need to know ahead of tomorrow’s Fed rate hike.

Here is what Peter Boockvar wrote today as the world awaits the next round of monetary madness:  

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Tuesday
Mar072017

Gold: Driven by Central Bankers and Geo-Political Chaos

Background

This year gold’s fortunes will be influenced by the actions of the Central Bankers and the Geo-Political chaos which is simmering in various parts of the world. We are all aware that there are many factors that influence the precious metals sector; however, today we will only look at these two as I believe they are the dominant factors.

Central Bankers

Janet Yellen’s speech on Friday referred to possible rate hikes being implemented sooner rather than later as economic conditions would appear to have improved.

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Monday
Mar062017

Will banks' excess reserves fuel a new monetary crisis?

 

Don't look now but inflation and a new gold rush might be in our future

 

Editor's note: The charts in this edition of our newsletter, offered in conjunction with the St. Louis Federal Reserve (FRED), are live, interactive and updated automatically. To monitor changes, we invite your return visits.

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Monday
Mar062017

Trapped Longs In Miners As Gold Poised For Fed Fuelled Fall

The Fed will hike rates this month and signal further hikes to come. Gold prices have yet to fully digest this reality, and therefore there is a strong case for a major move lower in the yellow metal. A Le Pen victory in France could derail the Fed’s plans for a follow up hike in June, but in the short term the gold market is vulnerable to a sharp move lower. There are a number of trapped speculative longs in the futures and mining stocks and we are approaching a period of seasonal weakness. We target a move to $1050 initially, and see merits in a larger move to $720 should the Fed persist with further hikes.

March Hike A Done Deal

The Fed speakers last week unequivocally signalled a March hike. Yellen’s speech to cap the week off confirmed this, and we therefore expect the Fed to hike at next week’s FOMC meeting. Although we still have an employment print before then, the Fed can look through the weakness of one print given the strength of the rest of the data and their clear preference to raise rates.

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Thursday
Mar022017

Gerald Celente Just Released A Major New Trend Forecast For 2017

On a day where the Dow was up over 300 points, closing above 21,000, top trends forecaster Gerald Celente has just released a new trend forecast for 2017.

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Wednesday
Mar012017

Brexit 02 March 2017

Theresa May will be forced to order MPs to throw out an immediate guarantee that 3 million EU nationals can stay in Britain, after a humiliating defeat in the House of Lords.

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Tuesday
Feb282017

Fed’s Dudley says case for interest-rate hike has become ‘a lot more compelling’

The case for an interest-rate hike has become “a lot more compelling,” a crucial Federal Reserve official said in a statement that moved markets.

In an interview with CNN International, New York Fed President William Dudley on Tuesday said that “animal spirits have been unleashed a bit” in the wake of the presidential election, pointing to the rise in the stock market.

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