Gold remained lower last week amidst the Euro strengthening as investors continued to cur their positions in Euro-gold. Moreover, lowering inflationary concerns in the US also reduced golds inflation hedge demand. Gold tracked losses in other assets after a drop in consumer sentiment index and falling TIC flows battered equities which resulted in the benchmark MSCI world index for stocks closing more than 2%.
-When the Dow fell below the 200-day moving average; -After the Dow closed above the 50-day moving average -When the Dow hit a new low for the year. -The break below the June 8 low of 9757 (confirming a head-and-shoulders pattern)
A snapshot of borrowing in major sectors expected to take place over the next three years or so. Experts worry that the amounts are so large it could leave the weakest borrowers, including some governments, without access to funds, possibly triggering another economic downturn. http://www.washingtonpost.com/wp-dyn/content/graphic/2010/07/14/GR2010071403101.html
FOMC tweaks lower growth and inflation outlook by Peter Boockvar
Within the minutes of the June FOMC meeting where they reviewed the economic stats seen since the prior meeting, they believed looking forward that the recovery in economic activity would be moderate thru 2011, supported by accommodative monetary policy, an attenuation of financial stress, and strengthening consumer and business confidence. They did say that the pace of recovery will be somewhat slower than previously predicted and they also reduced their expectations for both headline and core inflation slightly. Some members wanted to consider whether further policy stimulus might become appropriate if the outlook were to worsen appreciably. In terms of helping the economy, I believe their gun is out of real bullets and all they got left is water. They have reached the law of diminishing returns and Fed impotence is a growing risk
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(2 years ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(2 years ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(2 years ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (2 years ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (2 years ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (2 years ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(2 years ago)
But I was too tired to really tally it with my charts. I think I will post your concern and comment on his site.
Ashraf
Watch this chart!!!!!
Tell what will happen next?
-When the Dow fell below the 200-day moving average;
-After the Dow closed above the 50-day moving average
-When the Dow hit a new low for the year.
-The break below the June 8 low of 9757 (confirming a head-and-shoulders pattern)
read more
http://www.ritholtz.com/blog/2010/07/kilgore-beware-technical-trap-lower-lows/
http://www.washingtonpost.com/wp-dyn/content/graphic/2010/07/14/GR2010071403101.html
by Peter Boockvar
Within the minutes of the June FOMC meeting where they reviewed the economic stats seen since the prior meeting, they believed looking forward that the recovery in economic activity would be moderate thru 2011, supported by accommodative monetary policy, an attenuation of financial stress, and strengthening consumer and business confidence. They did say that the pace of recovery will be somewhat slower than previously predicted and they also reduced their expectations for both headline and core inflation slightly. Some members wanted to consider whether further policy stimulus might become appropriate if the outlook were to worsen appreciably. In terms of helping the economy, I believe their gun is out of real bullets and all they got left is water. They have reached the law of diminishing returns and Fed impotence is a growing risk
http://www.economy.com/dismal/map/default.asp
http://www.youtube.com/watch?v=ct4BxPxRBO0
the cuddle report.