Previous Reports

Daily Report: Thu, 08/22/2019 - 17:58

Above all, the current monetary policy of the Federal Reserve as revealed by the minutes of last month’s FOMC meeting released yesterday lacks clarity. There is no clear picture of the current path of potential rate cuts by the Federal Reserve for the remainder of the year and the first quarter of 2020. In fact, according to the minutes released yesterday by the Fed their plans to cut rates or leave rates where they are not based on any preset course but rather data driven on a month-to-month basis.

The minutes revealed that members of the Federal Reserve said, “it was important to maintain ... Read more

Daily Report: Wed, 08/21/2019 - 17:57

This afternoon at 2 PM EDT the Federal Reserve released the minutes from the July FOMC meeting which was held on the 30th and 31st of last month. From the perspective of analysts and market participants they were looking for any hint or indication of the current plans by the Federal Reserve to initiate more interest rate cuts later this year.

Because the Fed does not include the “dot plot “on every FOMC meeting statement, market participants were uncertain as to future rate cuts. Analysts also were looking for any information as to whether or not the Fed members had... Read more

Daily Report: Tue, 08/20/2019 - 16:57

After trading sharply lower yesterday, gold futures have recovered after holding the key level of $1500 per ounce. Yesterday’s range took gold futures to a low of $1503.30. Today gold’s intraday low was $1503 per ounce before trading higher. As of 3 PM EDT the most active December Comex futures contract is up five dollars and fixed at $1516.60. This price is just shy of the intraday high today came in at $1518.80.

When you compare yesterday’s price activity and market sentiment in the financial markets to today’s they seem to be polar opposites. Yesterday’s euphoria in equities which resulted... Read more

Daily Report: Mon, 08/19/2019 - 17:45

Gold futures basis the most active December contract have sold off sharply in trading today. As of 4:17 PM EDT gold futures are currently fixed at $1506 per ounce which is a net decline of $17.60 on the day. Dollar strength contributed to today’s decline with only a nominal percentage of the decline being attributable to gains in the dollar index. The intraday low in trading today came in at $1503.30.

Statements made this weekend by President Trump as well as members of his administration suggested that headway and progress has been made in regards to the current trade war between the United... Read more