The highly anticipated FOMC meeting concluded not with a bang – raising rates – but with whimper – keeping us guessing when the next rate hike will occur. In the statement and in Chair Yellen’s press conference it was clearly…
Gold and silver prices fell again last week, as the U.S. dollar depreciated against leading currencies. Will gold and silver change course this week? We could dance around the obvious and talk about the other reports and events that are…
Following the stronger than expected U.S. GDP report, the non-farm payroll came short of market expectations with 173,000 jobs – 47,000 jobs lower than anticipated. This news reduced but didn’t eliminate the chances of the Federal Reserve raising rates in…
The high volatility in the financial markets has also kept moving gold and silver prices – albeit mostly downward. Although they did bounce on Friday, precious metals were still down for week: gold and silver fell by 2% and 5%,…