Daily Gold News: Friday, Mar. 5 – Gold’s New Low, NFP Release in Focus

The gold futures contract lost 0.88% on Thursday, as it extended its downtrend following strengthening U.S. dollar, stocks’ sell-off. The market fell below $1,700 price level and it was the lowest since early June last year. Today gold is trading along the new local low, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is virtually unchanged this morning, as it is trading below $1,700 price level. What about the other precious metals? Silver is 0.2% higher, platinum is virtually unchanged and palladium is 0.3% higher today. So precious metals are mixed this morning.

Yesterday’s Unemployment Claims release has been slightly better than expected at 745,000.

The markets will be waiting for today’s monthly jobs data release. The Nonfarm Payrolls is expected at +197,000.

Where would the price of gold go following today’s NFP release? We’ve compiled the data since September of 2018, a 30-month-long period of time that contains of thirty NFP releases.

The first chart shows price paths 5 days before and 10 days after the NFP release. The last three cases are marked with dashed lines. Gold lost 0.25% in February and gained 1.08% in January.

The following chart shows the average gold price path before and after the NFP releases for the past 30 months. The market was usually advancing ahead of the release day and closing 0.40% higher on the 10th day after the NFP release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:

Friday, March 5

  • 8:30 a.m. U.S. – Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m , Trade Balance
  • 10:00 a.m. Canada – Ivey PMI

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: More Fluctuations, Fed & NFP in Focus

The gold futures contract lost 1.03% on Wednesday, as it extended its short-term consolidation following Friday’s breakdown below the previous local low and a support level of $1,750. The market fell the lowest since mid-June of 2020. Today gold is trading along its recent local lows, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.3% higher this morning, as it is still trading within a short-term consolidation. What about the other precious metals? Silver is 0.7% lower, platinum is 0.1% lower and palladium is 0.1% higher today. So precious metals are mixed this morning.

Yesterday’s ADP Non-Farm Employment Change release has been worse than expected at +117,000. Today we will get Unemployment Claims, Factory Orders releases among others. There will also be a speech from the Fed Chair Powell later in the day.

The markets will be waiting for tomorrow’s monthly jobs data release.

Where would the price of gold go following Friday’s NFP release? We’ve compiled the data since September of 2018, a 30-month-long period of time that contains of thirty NFP releases.

The first chart shows price paths 5 days before and 10 days after the NFP release. The last three cases are marked with dashed lines. Gold lost 0.25% in February and gained 1.08% in January.

The following chart shows the average gold price path before and after the NFP releases for the past 30 months. The market was usually advancing ahead of the release day and closing 0.40% higher on the 10th day after the NFP release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Thursday, March 4

  • 8:30 a.m. U.S. – Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q
  • 10:00 a.m. U.S. – Factory Orders m/m
  • 12:05 p.m. U.S. – Fed Chair Powell Speech
  • All Day – OPEC-JMMC Meetings

Friday, March 5

  • 8:30 a.m. U.S. – Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m , Trade Balance
  • 10:00 a.m. Canada – Ivey PMI

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
Sign up for our free gold, stock, and oil newsletter today!

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Wednesday, Mar. 3 – Gold’s Short-Term Fluctuations

The gold futures contract gained 0.62% on Tuesday, as it fluctuated following Friday’s breakdown below the previous local low and a support level of $1,750. The market fell the lowest since mid-June of 2020. This morning gold is retracing its yesterday’s advance, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.8% lower this morning, as it is trading within a short-term consolidation. What about the other precious metals? Silver is 0.8% lower, platinum is virtually unchanged and palladium is 1.1% lower today. So precious metals are lower this morning.

Today we will get the ADP Non-Farm Employment Change release at 8:15 a.m., among others. The markets will be waiting for Friday’s monthly jobs data release.

Where would the price of gold go following Friday’s NFP release? We’ve compiled the data since September of 2018, a 30-month-long period of time that contains of thirty NFP releases.

The first chart shows price paths 5 days before and 10 days after the NFP release. The last three cases are marked with dashed lines. Gold lost 0.25% in February and gained 1.08% in January.

The following chart shows the average gold price path before and after the NFP releases for the past 30 months. The market was usually advancing ahead of the release day and closing 0.40% higher on the 10th day after the NFP release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Wednesday, March 3

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 9:45 a.m. U.S. – Final Services PMI
  • 10:00 a.m. U.S. – ISM Services PMI
  • 1:00 p.m. U.S. – FOMC Member Evans Speech
  • 2:00 p.m. U.S. – Beige Book

Thursday, March 4

  • 8:30 a.m. U.S. – Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q
  • 10:00 a.m. U.S. – Factory Orders m/m
  • 12:05 p.m. U.S. – Fed Chair Powell Speech
  • All Day – OPEC-JMMC Meetings

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
Sign up for our free gold, stock, and oil newsletter today!

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Tuesday, Mar. 2 – Gold Bouncing From $1,700

The gold futures contract lost 0.34% on Monday, as it fluctuated after breaking below the previous local low and a support level of $1,750. The market is the lowest since mid-June of 2020. This morning gold is bouncing from $1,700 price level, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.2% higher this morning, as it is trading along yesterday’s daily close. What about the other precious metals? Silver is 1.0% lower, platinum is virtually unchanged and palladium is 0.5% lower today. So precious metals are mixed this morning.

Yesterday’s ISM Manufacturing PMI release has been better than expected at 60.8. Today we will have some Fed-talk. The markets will be waiting for Friday’s monthly jobs data release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Tuesday, March 2

  • 8:30 a.m. Canada – GDP m/m
  • 1:00 p.m. U.S. – FOMC Member Brainard Speech
  • 2:00 p.m. U.S. – FOMC Member Daly Speech
  • 7:30 p.m. Australia – GDP q/q
  • 8:45 p.m. China – Caixin Services PMI

Wednesday, March 3

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 9:45 a.m. U.S. – Final Services PMI
  • 10:00 a.m. U.S. – ISM Services PMI
  • 1:00 p.m. U.S. – FOMC Member Evans Speech
  • 2:00 p.m. U.S. – Beige Book

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
Sign up for our free gold, stock, and oil newsletter today!

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Monday, March 1 – Gold’s Rebounding to $1,750

The gold futures contract lost 2.62% on Friday, as it broke below the previous local low and a short-term support level of $1,750. The market is the lowest since mid-June of 2020 following strengthening U.S. dollar, among other factors. This morning gold is trading closer to $1,750 mark again, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.6% higherer this morning, as it is retracing some of Friday’s sell-off. What about the other precious metals? Silver is 0.7% higher, platinum is 2.6% higher and palladium is 1.2% higher today. So precious metals are higher this morning.

Friday’s Personal Income/ Personal Spending release has been mixed and Chicago PMI number release has been worse than expected.

Today we will get the ISM Manufacturing PMI release, among others.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Monday, March 1

  • 9:00 a.m. U.S. – FOMC Member Williams Speech
  • 9:05 a.m. U.S. – FOMC Member Brainard Speech
  • 9:45 a.m. U.S. – Final Manufacturing PMI
  • 10:00 a.m. U.S. – ISM Manufacturing PMI , Construction Spending m/m, ISM Manufacturing Prices
  • 11:10 a.m. Eurozone – ECB President Lagarde Speech
  • 10:30 p.m. Australia – RBA Rate Statement, Cash Rate

Tuesday, March 2

  • 8:30 a.m. Canada – GDP m/m
  • 1:00 p.m. U.S. – FOMC Member Brainard Speech
  • 2:00 p.m. U.S. – FOMC Member Daly Speech
  • 7:30 p.m. Australia – GDP q/q
  • 8:45 p.m. China – Caixin Services PMI

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Friday, Feb. 26 – Gold at New Low and Closer to $1,750

The gold futures contract lost 1.25% on Thursday, as it retraced all of its Monday’s rebound of 1.7%. Last week it broke below the previous local low and $1,800 price level. The market gave back all of December’s advance. This morning gold is trading at new local low, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.6% lower this morning, as it is trading closer to $1,750 price level. What about the other precious metals? Silver is 2.8% lower, platinum is 2.3% lower and palladium is 2.4% lower today. So precious metals are lower again this morning.

Yesterday’s Preliminary GDP release has been slightly worse than expected at +4.1% and Unemployment Claims number has been better than expected at 730,000.

Today we will get Personal Income/ Personal Spending numbers, Chicago PMI , Consumer Sentiment releases, among others.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:

Friday, February 26

  • 8:30 a.m. U.S. – Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, Goods Trade Balance, Preliminary Wholesale Inventories m/m
  • 9:45 a.m. U.S. – Chicago PMI
  • 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations
  • All Day – G20 Meetings

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Thursday, Feb. 25 – Gold Below $1,800 Again

The gold futures contract lost 0.44% on Wednesday, as it retraced some of its Monday’s rebound of 1.7%. Last week it broke below the previous local low and $1,800 price level. The market gave back all of December’s advance. This morning gold is trading along yesterday’s daily low, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 1.1% lower this morning, as it is trading well below $1,800 price level again. What about the other precious metals? Silver is 0.1% lower, platinum is 1.0% lower and palladium is 0.8% lower today. So precious metals are lower this morning.

Today we will get series of economic data releases including the Preliminary GDP number and Unemployment Claims.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Thursday, February 25

  • 8:30 a.m. U.S. – Preliminary GDP q/q, Durable Goods Orders m/m, Core Durable Goods Orders m/m, Unemployment Claims, Preliminary GDP Price Index q/q, FOMC Member Bostic Speech
  • 10:00 a.m. U.S. – Pending Home Sales m/m
  • 11:10 a.m. U.S. – FOMC Member Quarles Speech
  • 12:00 a.m. U.S. – FOMC Member Bostic Speech

Friday, February 26

  • 8:30 a.m. U.S. – Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, Goods Trade Balance, Preliminary Wholesale Inventories m/m
  • 9:45 a.m. U.S. – Chicago PMI
  • 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations
  • All Day – G20 Meetings

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Wednesday, Feb. 24 – Gold’s Short-Term Uncertainty

The gold futures contract lost 0.14% on Tuesday, as it fluctuated following Monday’s rebound of 1.7%. Last week it broke below the previous local low and $1,800 price level. The market gave back all of December’s advance. Today gold is extending a short-term consolidation, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.1% higher this morning, as it is trading along yesterday’s daily close. What about the other precious metals? Silver is 0.6% higher, platinum is 2.1% higher and palladium is 1.4% higher today. So precious metals are higher this morning.

Yesterday’s Consumer Confidence release has been slightly better than expected at 91.3. This morning we will have the Fed Chair Powell ’s testimony and some more Fed-talk later in the day.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Wednesday, February 24

  • 10:00 a.m. U.S. – Fed Chair Powell Testimony , New Home Sales
  • 10:30 a.m. U.S. – FOMC Member Brainard Speech
  • 1:00 p.m. U.S. – FOMC Member Clarida Speech
  • 4:00 p.m. U.S. – FOMC Member Clarida Speech

Thursday, February 25

  • 8:30 a.m. U.S. – Preliminary GDP q/q, Durable Goods Orders m/m, Core Durable Goods Orders m/m, Unemployment Claims, Preliminary GDP Price Index q/q, FOMC Member Bostic Speech
  • 10:00 a.m. U.S. – Pending Home Sales m/m
  • 11:10 a.m. U.S. – FOMC Member Quarles Speech
  • 12:00 a.m. U.S. – FOMC Member Bostic Speech

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Tuesday, Feb. 23 – Gold’s Rebound, Back Above $1,800

The gold futures contract gained 1.74% on Monday, as it broke above a short-term consolidation following recent declines below $1,800 price level. Earlier this month it broke below the previous local low in a reaction to strengthening U.S. dollar and rallying stock market, among other factors. The market gave back all of December’s advance. Gold is above $1,800 level again, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.1% higher this morning, as it is trading along yesterday’s daily close. What about the other precious metals? Silver is 0.7% lower, platinum is 1.3% lower and palladium is 1.8% lower today. So precious metals are mixed this morning.

Today we will get the Consumer Confidence release and Fed Chair Powell ’s testimony at 10:00 a.m.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Tuesday, February 23

  • 9:00 a.m. U.S. – HPI m/m, S&P/CS Composite-20 HPI y/y
  • 10:00 a.m. U.S. – Fed Chair Powell Testimony , CB Consumer Confidence, Richmond Manufacturing Index
  • 12:30 p.m. Canada – BOC Governor Macklem Speech

Wednesday, February 24

  • 10:00 a.m. U.S. – Fed Chair Powell Testimony , New Home Sales
  • 10:30 a.m. U.S. – FOMC Member Brainard Speech
  • 1:00 p.m. U.S. – FOMC Member Clarida Speech
  • 4:00 p.m. U.S. – FOMC Member Clarida Speech

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
Sign up for our free gold, stock, and oil newsletter today!

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Monday, Feb. 22 – Gold Price Remains Close to $1,800

The gold futures contract gained 0.14% on Friday, as it extended its short-term consolidation after the recent decline below $1,800 price level. Earlier this month it broke below the previous local low following strengthening U.S. dollar and rallying stock market, among other factors. The market gave back all of December’s advance. Gold is getting close to $1,800 level again, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.7% higher this morning, as it is retracing some of last week’s decline. What about the other precious metals? Silver is 0.4% higher, platinum is 0.3% lower and palladium is virtually unchanged today. So precious metals are higher this morning.

Friday’s U.S. Flash Manufacturing PMI, Flash Services PMI releases have been slightly better than expected. Today we will get the CB Leading Index release at 10:00 a.m. and some Fed-talk at 3:30 p.m.

The markets will be waiting for this week’s Fed Chair Powell ’s testimony.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Monday, February 22

  • 4:00 a.m. Eurozone – German ifo Business Climate
  • 9:30 a.m. Eurozone – ECB President Lagarde Speech
  • 10:00 a.m. U.S. – CB Leading Index m/m
  • 3:30 p.m. U.S. – FOMC Member Bowman Speech
  • All Day, Japan – Bank Holiday

Tuesday, February 23

  • 9:00 a.m. U.S. – HPI m/m, S&P/CS Composite-20 HPI y/y
  • 10:00 a.m. U.S. – Fed Chair Powell Testimony , CB Consumer Confidence, Richmond Manufacturing Index
  • 12:30 p.m. Canada – BOC Governor Macklem Speech

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
Sign up for our free gold, stock, and oil newsletter today!

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Friday, Feb. 19 – Gold Still Below $1,800 Price Mark

The market gave back all of December’s advance. Gold is now below its recent local low, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.2% lower this morning, as it is trading along yesterday’s closing price. What about the other precious metals? Silver is 0.1% higher, platinum is 0.2% lower and palladium is 0.4% lower today. So precious metals are mixed this morning.

Yesterday’s Unemployment Claims release has been worse than expected at 861,000. Today we will get the U.S. Flash Manufacturing PMI, Flash Services PMI releases at 9:45 a.m. and the Existing Home Sales release at 10:00 a.m.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:

Friday, February 19

  • 3:15 a.m. Eurozone – French Flash Services PMI, French Flash Manufacturing PMI
  • 3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. – Existing Home Sales
  • Tentative, U.S. – Fed Monetary Policy Report

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
Sign up for our free gold, stock, and oil newsletter today!


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Daily Gold News: Thursday, Feb. 18 – Gold Bouncing After Recent Declines

Earlier this month it broke below the previous local low and $1,800 price mark for the first time following strengthening U.S. dollar and rallying stock market, among other factors. The market gave all of December’s advance.

Gold is now below its recent local low, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.4% higher this morning, as it is retracing some of yesterday’s decline. What about the other precious metals? Silver is 0.9% lower, platinum is 0.2% higher and palladium is 0.3% lower today. So precious metals are mixed this morning.

Yesterday’s Retail Sales number release has been much better than expected at +5.3%. The Producer Price Index has been bigger than expected at +1.3% m/m.

Today we will get Philly Fed Manufacturing Index, Unemployment Claims releases, among others.

Below you will find our Gold, Silver, and Mining Stocks economic news scheduled for the next two trading days:

Thursday, February 18

  • 8:00 a.m. U.S. – FOMC Member Brainard Speech
  • 8:30 a.m. U.S. – Philly Fed Manufacturing Index, Unemployment Claims, Building Permits, Housing Starts, Import Prices m/m

Friday, February 19

  • 3:15 a.m. Eurozone – French Flash Services PMI, French Flash Manufacturing PMI
  • 3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. – Existing Home Sales
  • Tentative, U.S. – Fed Monetary Policy Report

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
Sign up for our free gold, stock, and oil newsletter today!


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Daily Gold News: Wednesday, Feb. 17 – Gold Below $1,800 Again

Earlier this month it broke below the previous local low and $1,800 price mark for the first time following strengthening U.S. dollar and rallying stock market, among other factors. The market gave back almost all of December’s advance. Gold is now below its recent local low, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.3% lower this morning, as it is extending the short-term downtrend. What about the other precious metals? Silver is 0.5% lower, platinum is 1.9% lower and palladium is 0.6% lower today. So precious metals are lower this morning.

Yesterday’s Empire State Manufacturing Index release has been better than expected at 12.1 Today we will get the relatively important Retail Sales number release at 8:30 a.m. We will also have PPI, Industrial Production, FOMC Meeting Minutes releases, among others.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Wednesday, February 17

  • 8:30 a.m. U.S. – Retail Sales m/m , Core Retail Sales m/m , PPI m/m, Core PPI m/m
  • 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. – Business Inventories m/m, NAHB Housing Market Index
  • 2:00 p.m. U.S. – FOMC Meeting Minutes
  • 7:30 p.m. Australia – Employment Change, Unemployment Rate

Thursday, February 18

  • 8:00 a.m. U.S. – FOMC Member Brainard Speech
  • 8:30 a.m. U.S. – Philly Fed Manufacturing Index, Unemployment Claims, Building Permits, Housing Starts, Import Prices m/m
  • 10:00 a.m. U.S. – Consumer Confidence

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
Sign up for our free gold, stock, and oil newsletter today!


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Daily Gold News: Tuesday, Feb. 16 – Gold Continues Sideways

Earlier this month it broke below the previous local low and $1,800 price mark following strengthening U.S. dollar and rallying stock market, among other factors. The market gave back almost all of December’s advance. Last week gold bounced back higher, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is virtually unchanged this morning, as it is extending its short-term consolidation. What about the other precious metals? Silver is 0.1% higher, platinum is 0.5% lower and palladium is 0.6% lower today. So precious metals are mixed this morning.

Yesterday financial markets’ volatility remained low due to U.S. holiday. Today we will get the Empire State Manufacturing Index release at 8:30 a.m. and some Fed talk at 3:00 p.m., among others.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Tuesday, February 16

  • 5:00 a.m. Eurozone – German ZEW Economic Sentiment
  • 8:30 a.m. U.S. – Empire State Manufacturing Index
  • 3:00 p.m. U.S. – FOMC Member Daly Speech
  • All Day, Eurozone – ECOFIN Meetings
  • All Day, China – Bank Holiday

Wednesday, February 17

  • 8:30 a.m. U.S. – Retail Sales m/m , Core Retail Sales m/m , PPI m/m, Core PPI m/m
  • 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. – Business Inventories m/m, NAHB Housing Market Index
  • 2:00 p.m. U.S. – FOMC Meeting Minutes
  • 7:30 p.m. Australia – Employment Change, Unemployment Rate

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
Sign up for our free gold, stock, and oil newsletter today!


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Daily Gold News: Monday, Feb. 15 – Gold’s Short-Term Consolidation

The gold futures contract lost 0.20% on Friday, as it fluctuated after bouncing from resistance level of $1,850. Earlier this month it broke below the previous local low and $1,800 price mark following strengthening U.S. dollar and rallying stock market, among other factors. The market gave back almost all of December’s advance. Last week gold bounced back higher, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.2% lower this morning, as it is further extending its short-term consolidation. What about the other precious metals? Silver gained 1.04% on Friday and today it is 1.2% higher. Platinum gained 0.96% and today it’s 3.6% higher. Palladium gained 1.53% and today it’s 0.8% higher. So precious metals are mixed this morning.

Friday’s Preliminary UoM Consumer Sentiment release has been worse than expected at 76.2. Today we won’t get any new important economic data releases. Financial markets’ volatility remains low due to U.S. holiday.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Monday, February 15

  • All Day, Eurozone – Eurogroup Meetings
  • All Day, U.S. – Bank Holiday
  • All Day, China – Bank Holiday

Tuesday, February 16

  • 5:00 a.m. Eurozone – German ZEW Economic Sentiment
  • 8:30 a.m. U.S. – Empire State Manufacturing Index
  • 3:00 p.m. U.S. – FOMC Member Daly Speech
  • All Day, Eurozone – ECOFIN Meetings
  • All Day, China – Bank Holiday

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
Sign up for our free gold, stock, and oil newsletter today!

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Feb. 12 – Gold Extends Month-Long Consolidation

The gold futures contract lost 0.86% on Thursday, as it retraced some of its short-term rebound from last Thursday’s local low of $1,784.60. Last week it broke below the previous local low and $1,800 price mark following strengthening U.S. dollar and rallying stock market, among other factors. The market gave back almost all of December’s advance. This week gold bounced back higher, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.5% lower this morning, as it is extending its short-term downtrend. What about the other precious metals? Silver lost 0.11% on Thursday and today it is 0.3% higher. Platinum gained 0.01% and today it’s 1.3% lower. Palladium lost 0.23% and today it’s virtually flat. So precious metals are mixed this morning.

Yesterday’s Unemployment Claims number release has been slightly worse than expected at 793,000. Today we will get Preliminary UoM Consumer Sentiment release at 10:00 a.m.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:

Friday, February 12

  • 10:00 a.m. U.S. – Preliminary UoM Consumer Sentiment, Preliminary UoM Inflation Expectations

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
Sign up for our free gold, stock, and oil newsletter today!

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Thursday, Feb. 11 – Gold’s Rebound Stalled at $1,850

The gold futures contract gained 0.28% on Wednesday, as it continued to fluctuate following short-term rebound from last Thursday’s local low of $1,784.60. Last week it broke below the previous local low and $1,800 price mark following strengthening U.S. dollar and rallying stock market, among other factors. The market gave back almost all of December’s advance. This week gold bounced back higher, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is virtually unchanged this morning, as it is trading within a short-term consolidation. What about the other precious metals? Silver lost 1.18% on Wednesday and today it is 0.4% higher. Platinum gained 4.40% and today it’s 0.9% higher. Palladium gained 1.37% and today it’s 0.2% lower. So precious metals are mixed this morning.

Yesterday’s Consumer Price Index releases has been as expected at +0.3%. Today we will get the Unemployment Claims number release at 8:30 a.m.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Thursday, February 11

  • 5:00 a.m. Eurozone – EU Economic Forecasts
  • 8:30 a.m. U.S. – Unemployment Claims
  • Tentative, U.S. – Fed Monetary Policy Report
  • All Day, China – Bank Holiday

Friday, February 12

  • 10:00 a.m. U.S. – Preliminary UoM Consumer Sentiment, Preliminary UoM Inflation Expectations

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
Sign up for our free gold, stock, and oil newsletter today!

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Uncertainty Following Gold’s Rebound

The gold futures contract gained 0.18% on Tuesday, as it fluctuated following short-term rebound from Thursday’s local low of $1,784.60. Last week it broke below the previous local low and $1,800 price mark following strengthening U.S. dollar and rallying stock market, among other factors. The market gave back almost all of December’s advance. This week gold is bouncing back higher, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.3% higher this morning, as it is trading within a short-term consolidation. What about the other precious metals? Silver lost 0.63% on Tuesday and today it is 0.3% higher. Platinum gained 1.63% and today it’s 3.4% higher. Palladium lost 0.69% and today it’s 0.5% higher. So precious metals are slightly higher this morning.

The markets will be waiting for today’s Fed Chair Powell Speech. We will also have Consumer Price Index and Wholesale Inventories releases.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Wednesday, February 10

  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m
  • 10:00 a.m. U.S. – Final Wholesale Inventories m/m
  • 2:00 p.m. U.S. – Fed Chair Powell Speech
  • All Day, Japan – Bank Holiday
  • All Day, China – Bank Holiday

Thursday, February 11

  • 5:00 a.m. Eurozone – EU Economic Forecasts
  • 8:30 a.m. U.S. – Unemployment Claims
  • Tentative, U.S. – Fed Monetary Policy Report
  • All Day, China – Bank Holiday

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
Sign up for our free gold, stock, and oil newsletter today!

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Tuesday, Feb. 9 – Gold Gaining Again

The gold futures contract gained 1.17% on Monday, as it retraced more of its last Thursday’s 2.4% decline. Last week it broke below the previous local low and $1,800 price mark following strengthening U.S. dollar and rallying stock market, among other factors. The market gave back almost all of December’s advance. This week gold is bouncing back higher, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.6% higher this morning, as it is further extending Friday’s bounce. What about the other precious metals? Silver gained 2.06% on Monday and today it is 1.2% higher. Platinum gained 3.72% and today it’s 2.0% higher. Palladium gained 0.45% and today it’s 0.8% lower. So precious metals are higher again this morning.

Today we will get the JOLTS Job Openings number release at 10:00 a.m. The markets will be waiting for tomorrow’s Fed Chair Powell Speech.

Friday’s Nonfarm Payrolls release has been slightly worse than expected at only +49,000. Where would the price of gold go following that news? We’ve compiled the data since September of 2018, a 29-month-long period of time that contains of twenty nine NFP releases.

The first chart shows price paths 5 days before and 10 days after the NFP release. The last three cases are marked with dashed lines. Gold gained 2.7% in December and 1.1% in January.

The following chart shows the average gold price path before and after the NFP releases for the past 29 months. The market was usually advancing ahead of the release day and closing 0.40% higher on the 10th day after the NFP release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Tuesday, February 9

  • 10:00 a.m. U.S. – JOLTS Job Openings

Wednesday, February 10

  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m
  • 10:00 a.m. U.S. – Final Wholesale Inventories m/m
  • 2:00 p.m. U.S. – Fed Chair Powell Speech
  • All Day, Japan – Bank Holiday
  • All Day, China – Bank Holiday

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
Sign up for our free gold, stock, and oil newsletter today!

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Monday, Feb. 8 – Gold Extending Friday’s Bounce

The gold futures contract gained 1.22% on Friday, as it retraced some of its Thursday’s 2.4% decline. Last week it broke below the previous local low and $1,800 price mark following strengthening U.S. dollar, rallying stock market, among other factors. The market gave back almost all of December’s advance. Recently gold retraced some of that sell-off but on Thursday it continued the downtrend, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.3% higher this morning, as it is extending its Friday’s bounce. What about the other precious metals? Silver gained 2.99% on Friday and today it is 0.8% higher. Platinum gained 2.72% and today it’s 2.2% higher. Palladium gained 2.00% and today it’s 0.4% higher. So precious metals are higher this morning.

Friday’s Nonfarm Payrolls release has been slightly worse than expected at only +49,000. Today we won’t get any important economic data announcements.

Where would the price of gold go following Friday’s jobs news? We’ve compiled the data since September of 2018, a 29-month-long period of time that contains of twenty nine NFP releases.

The first chart shows price paths 5 days before and 10 days after the NFP release. The last three cases are marked with dashed lines. Gold gained 2.7% in December and 1.1% in January.

The following chart shows the average gold price path before and after the NFP releases for the past 29 months. The market was usually advancing ahead of the release day and closing 0.40% higher on the 10th day after the NFP release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Monday, February 8

  • No important economic data releases

Tuesday, February 9

  • 10:00 a.m. U.S. – JOLTS Job Openings

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
Sign up for our free gold, stock, and oil newsletter today!

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.