gold trading, silver trading - daily alerts

Gold & Silver Trading Alert: Turnaround

May 23, 2014, 5:14 AM

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The history repeats itself and we have just seen another example confirming this statement. Gold once again moved higher initially but failed to hold its gains even until the end of the session. This made yesterday’s session very similar to May 19. The intra-day high was once again lower.

There is a sign, however, that suggests that the days of this lengthy consolidation are coming on an end. In today's alert we discuss its implications.

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Apr Market Overview

Gold Market Overview

The U.S. recovery and the Fed's interest rate hike are the hottest topics right now. The stronger than expected February job market report fueled expectations that the Fed would increase interest rates sooner rather than later. We believed that the market’s reaction was a bit exaggerated, and suggested in the Gold News Monitor not to take the hike for granted. The U.S. recovery is not as strong as it is commonly believed (as was confirmed by the downgraded Fed’s economic projections) and there are many downside risks. However, we can assume that the American central bank will finally increase its interest rates, especially that since March it is no longer as “patient” as it used to be. How will this action change the global economy and affect the gold market?

Read more in the latest Market Overview report.

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