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Blog posts tagged with 'Gold Prices'

Oil extends gains toward $110 after US jobs report

Paul’s Economic Outlook:

August jobs report: Hiring continues as unemployment falls

jobs report data 090613

The jobs report was basically flat. Watch the Fed meeting next week (Sept. 17-18), 50% chance they taper.


Suggested Reading:

U.S. economy adds 169,000 jobs in August

Unemployment falls to 7.3% as more people quit looking for work

http://www.marketwatch.com/story/us-economy-adds-169000-jobs-in-august-2013-09-06?siteid=yhoof2

Knee jerk reaction. Not much has change. Taper on Fed Meeting September 17-18 is still around 50%.

 

Oil extends gains toward $110 after US jobs report

http://finance.yahoo.com/news/oil-extends-gains-toward-110-us-jobs-report-135055128--finance.html

Have you noticed prices at pumps are down. The U.S. is adding large gas supplies (transportation). Oil per barrel $110 because of energy production and the world.

 

How low can gold go?

http://www.futuresmag.com/2013/09/06/how-low-can-gold-go?ref=hp

It is not a question of if, but when.

Gold Extends Early Losses to Trade Sharply Lower, Below $1,400

Paul’s Economic Outlook:

At the end of September we will see a huge boost to the economy because the problems in Syria, the September Fed Meeting, QE tapering, the Debt Ceiling Limit, Ethanol Farm Subsidies, Europe running out of money again, U.S. adding 10 additional producing oil producing wells per day and the end of the summer oil spike will all be over.

Suggested Reading 

Update: Gold Extends Early Losses to Trade Sharply Lower, Below $1,400

http://www.kitco.com/news/2013-09-04/KitcoNews20130904JW-UPDATE.html

There is alot of volatility in September. Most of the volatility for the U.S. markets should settle down at the end of September.

 

Eurozone ends recession as economy grows 0.3%

http://news.yahoo.com/eurozone-ends-recession-economy-grows-0-3-093012681.html

The Eurozone printed tons of money in January which is propping them up. They have not solved any of their problems and they will need more money by the end of September.

 

Europe's automakers to lose billions in 2013: Moody's

http://www.cnbc.com/id/101007119?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=101007119%7CEurope%27s%20automakers%20to%20lo

The Eurozone printed tons of money in January which is propping them up. They have not solved any of their problems and they will need more money by the end of September.

Gold slips as mostly positive data dull appeal

Paul’s Economic Outlook:

Ben Bernanke speaks at 2 pm EST. If Bernanke is dovish gold should go up. If he is hawkish gold should go down.

 

Suggested Reading

Gold slips as mostly positive data dull appeal

Federal Reserve statement due after Comex close

http://www.marketwatch.com/story/gold-gains-as-market-nears-fed-gdp-reports-2013-07-31

Good data Fed tapers sooner.

 

Oil hovers near $103 ahead of Fed statement

http://news.yahoo.com/oil-hovers-near-103-ahead-fed-statement-051907579.html

Good data oil goes down.

 

Unemployment rates rise in 90 pct. of US cities

http://finance.yahoo.com/news/unemployment-rates-rise-90-pct-us-cities-172607433.html

Dovish comments 3 weeks ago drove unemployment up.

 

*Ben Bernanke speaks at 2 pm EST

Bernanke Manipulates the Markets

Paul’s Economic Outlook:

Bernanke helped the market, banks and commodities during July by waffling on cutting QE. This is market manipulation. They should start cutting back in the Sept 17th meeting and will probably announce something in the July 30th meeting.

 

Suggested Reading:

Kitco Metals Roundup: Gold Sharply Up, At 4-Wk High, On Short Covering And Technical Buying

http://www.kitco.com/news/2013-07-22/KitcoNews20130722JWam-Gold-Sharply-Up-at-4-Wk-High-on-Short-Covering-and-Technical-Buying.html

Bernanke went dovish for July. Dollar down, gold broke $1,300 resistance. China is buying gold, the world banks are printing money, we are in the middle of the summer oil spike and there is a Fed meeting next Tuesday and Thursday. Gold up. This is all temporary. This ends in the Sept 17th meeting.

 

Why the Fed should scale back QE now

http://www.marketwatch.com/story/why-the-fed-should-scale-back-qe-now-2013-07-22?siteid=yhoof2

Key economic indicators point to U.S. recovery and growth. Good indicators to watch for on changes in the economy.


Why are loan fund flows losing strength?

http://finance.yahoo.com/news/why-loan-fund-flows-losing-153157748.html

Bernanke said they were going to tighten. Banks raised rates and lowered standards. Then Bernanke went dovish. Banks kept rates the same but raised standards. Loan money will become available after Sept. 17th meeting.

 

Fed considers pulling banks' commodity permits: FT

http://www.marketwatch.com/story/fed-considers-pulling-banks-commodity-permits-ft-2013-07-22?siteid=yhoof2

Federal Reserve moving to rain in market manipulation by financial institutions that are too big to fail (Morgan Stanley, etc.).

 

Market Manipulation for July

Treasurys in ‘holding pattern’ before Bernanke

Paul’s Economic Outlook:

Ben Bernenke speaks on Wednesday, July 17th, about the economy. Most of the numbers are good. This would give the Federal Reserve more reasons to start tapering sooner.

 

Suggested Reading:

Treasurys in ‘holding pattern’ before Bernanke

http://www.marketwatch.com/story/treasury-prices-unchanged-after-cpi-2013-07-16?siteid=yhoof2

Waiting for tomorrow.

 

Consumer inflation stabilizing, industrial output up

http://finance.yahoo.com/news/gasoline-lifts-consumer-inflation-june-123831327.html

The numbers are getting better.

 

US factories increase output in June for 2nd month

http://finance.yahoo.com/news/us-factories-increase-output-june-2nd-month-131647398.html

The numbers are getting better.

 

Gold Longest Below 200-Day Average Since ’01: Technical Analysis

http://www.bloomberg.com/news/2013-07-15/gold-longest-below-200-day-average-since-01-technical-analysis.html

Gold’s slide into a bear market that wiped $66 billion from the value of funds backed by the metal pushed prices into the longest run below their 200-day moving average since the 12-year bull market began in 2001.


Fed Chairman speaks on the economy Tomorrow.

Quarterly Job Report Released on Friday

Paul’s Economic Outlook:

The quarterly job report will be released on Friday, pay attention to what it says.

 

Suggested Reading:

Stocks edge lower as oil price climbs again

http://finance.yahoo.com/news/stocks-edge-lower-oil-price-climbs-again-140755874.html

Temporary. This also pushed gold up.

 

Gold advances on political strife, ISM miss

http://www.marketwatch.com/story/gold-logs-modest-advance-after-loss-2013-07-03

Summer normally slows down. August and September are much more importatant.

 

Jobless Claims in U.S. Fall by 5,000 in Week to June 29

http://www.bloomberg.com/news/2013-07-03/jobless-claims-in-u-s-fall-by-5-000-in-week-ended-june-29.html

Quarterly job report on Friday.

 

Gold, Silver Pounded to Near 3-Year Lows on Weak Long Liquidation, Technical Selling

Paul’s Economic Outlook:

The money coming out of bonds, treasuries, foreign currencies and commodities are shifting to other parts of the markets. This money has nowhere else to go. There should be major volatility for next year, but the markets will recover.

Suggested Reading: 

A.M. Kitco Metals Roundup: Gold, Silver Pounded to Near 3-Year Lows on Weak Long Liquidation, Technical Selling

http://www.kitco.com/news/2013-06-26/KitcoNews20130626JW_am.html

The U.S. Dollar is heading to become king dollar. Foreign currencies tanking. Gold heading down.

 

The Fed Gets a New Reason to Keep Stimulating

http://finance.yahoo.com/blogs/the-exchange/fed-gets-reason-keep-stimulating-153244090.html

Spin article. Gold dropped $40 today.

 

Dollar Tsunami Hits Emerging Markets

http://beta.fool.com/preetamkaushik/2013/06/26/dollar-tsunami-hits-emerging-markets/38069/?source=eogyholnk0000001

The U.S. Dollar is heading to become king dollar. Foreign currencies tanking. Gold heading down.


 

The Dollar will be King!

Gold lower, positive data reinforce taper fears

Gold lower, positive data reinforce taper fears

NEW YORK (MarketWatch) — An early rebound by gold futures gave way to renewed selling after a string of positive economic data reinforced expectations the Federal Reserve will begin to slow the pace of monetary stimulus, lifting the dollar and sending government bond yields higher.

http://www.marketwatch.com/story/gold-falls-further-as-more-analysts-cut-outlook-2013-06-25

Dollar gains, shares firm as markets await Fed

Paul’s Economic Outlook:

The Federal Reserve is tightening. Dollar up, gold down.

 

Suggested Reading:

Funds cut gold positions as Paulson’s loss widens

http://www.resourceinvestor.com/2013/06/17/funds-cut-gold-positions-as-paulsons-loss-widens?t=precious-metals

The Federal Reserve is tightening. Dollar up, gold down.

 

Dollar gains, shares firm as markets await Fed

http://ca.finance.yahoo.com/news/asian-shares-capped-upcoming-fed-meeting-jangles-nerves-022050484.html

Federal Reserve tightening. Dollar up, gold down.

 

UPDATE: Gold Extends Early Losses to Trade Solidly Lower, at 4-Week Low; Stops Hit

http://www.kitco.com/reports/KitcoNews20130618JW_Update.html

Federal Reserve tightening. Dollar up, gold down.

 

UPDATE: Gold Extends Early Gains as U.S. Dollar Weakens Further

Paul’s Economic Outlook:

There is a lot of volatility today. Japan's stock is market down. The U.S. job claims are up. Gold prices are back up and the dollar went down. This is temporary though. Keep watch for the June 18 Fed meeting. Dollar up, gold down.

 

Suggested Reading"

UPDATE: Gold Extends Early Gains as U.S. Dollar Weakens Further

http://www.kitco.com/reports/KitcoNews20130531JW_up.html

Japan stock market down. U.S. job claims up. Gold up, dollar down temporarily. Watch June 18 Fed meeting.

 

Jobless claims climb 10,000 in latest week

Four-week average at highest level in a month

http://www.marketwatch.com/story/jobless-claims-climb-10000-in-latest-week-2013-05-30?siteid=yhoof2

U.S. job claims up. Gold up, dollar down temporarily. Watch June 18 Fed meeting.

 

Oil below $93 ahead of US crude inventory data

http://news.yahoo.com/oil-below-93-ahead-us-102836905.html