Daily Gold News: Monday, July 11 – Gold Price Extends Short-Term Consolidation

Gold Price Recap

The gold futures contract gained 0.15% on Friday, July 8, as it fluctuated within a short-term consolidation following the recent sell-off. The yellow metal’s price reacted to rallying U.S. dollar, among other factors. On Firday gold went to the new medium-term low of 1,725.00 and this morning it is trading sideways, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.3% lower this morning, as it is still trading below the $1,750 level. What about the other precious metals? Silver is 0.5% lower, platinum is 1.9% lower and palladium is 1.5% lower. So the main precious metals’ prices are lower this morning.

Fundamentals

Friday’s important Nonfarm Payrolls release has been higher than expected at 372,000. Today we will have a speech from the FOMC Member Williams at 2:00 p.m.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

Gold after Nonfarm Payrolls

Where would the price of gold go following Friday’s monthly Nonfarm Payrolls announcement? We’ve compiled the data since September of 2018, a 46-month-long period of time that contains of forty six 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 0.52% in June and in May it lost 2.16%.

The following chart shows the average gold price path before and after the NFP releases for the past 46 months. The market was usually advancing ahead of the release day and closing 0.36% higher on the 10th day after the NFP release.

Economic News Schedule

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

Monday, July 11

  • 2:00 p.m. U.S. – FOMC Member Williams Speech
  • Tentative, Japan – BOJ Governor Kuroda Speech

Tuesday, July 12

  • 5:00 a.m. Eurozone – German ZEW Economic Sentiment
  • 6:00 a.m. U.S. – NFIB Small Business Index
  • 1:00 p.m. U.K. – BOE Governor Bailey Speech
  • 1:01 p.m. U.S. – 10-y Bond Auction
  • Tentative, Eurozone – EU Economic Forecasts
  • All Day, Eurozone – ECOFIN Meetings

Paul Rejczak
Stock Trading 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, July 8 – Gold Price Fluctuates Ahead of Jobs Data Release

Gold Price Recap

The gold futures contract gained 0.18% on Thursday, July 7, after declining 1.6% on Wednesday, as it fluctuated following its recent sell-off. The yellow metal’s price reacted to rallying U.S. dollar, among other factors. Wednesday’s new medium-term low was at 1,730.70 and this morning gold is still trading along the recent closing prices, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.1% higher this morning, as it is trading below the $1,750 level. What about the other precious metals? Silver is 0.2% lower, platinum is 0.1% lower and palladium is 0.8% higher. So the main precious metals’ prices are mixed this morning.

Fundamentals

Yesterday’s Unemployment Claims release has been slightly higher than expected at 325,000. Today we will get the important monthly jobs data release at 8:30 a.m.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

Where Would the Price of Gold Go Following Today’s Monthly Nonfarm Payrolls Announcement?

We’ve compiled the data since September of 2018, a 46-month-long period of time that contains of forty six 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 0.52% in June and in May it lost 2.16%.

The following chart shows the average gold price path before and after the NFP releases for the past 46 months. The market was usually advancing ahead of the release day and closing 0.36% higher on the 10th day after the NFP release.

Economic News Schedule

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

Friday, July 8

  • 7:55 a.m. Eurozone – ECB President Lagarde Speech
  • 8:30 a.m. U.S. – Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m
  • 8:30 a.m. Canada – Employment Change, Unemployment Rate
  • 10:00 a.m. U.S. – Final Wholesale Inventories m/m
  • 11:00 a.m. U.S. – FOMC Member Williams Speech
  • 3:00 p.m. U.S. – Consumer Credit m/m

Monday, July 11

  • 2:00 p.m. U.S. – FOMC Member Williams Speech
  • Tentative, Japan – BOJ Governor Kuroda Speech

Paul Rejczak
Stock Trading 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, July 7 – Gold Extended its Sell-Off

Gold Price Recap

The gold futures contract lost 1.55% on Wednesday, July 6, as it extended its Tuesday’s sell-off of 2.1%. The yellow metal’s price reacted to rallying U.S. dollar, among other factors. Yesterday’s daily low was at 1,730.70 and this morning gold is trading along yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.3% higher this morning, as it is trading below the $1,750 level. What about the other precious metals? Silver is 1.1% higher, platinum is 2.5 % higher and palladium is 3.3% higher. So the main precious metals’ prices are lower this morning.

Fundamentals and Projections after NFP

Yesterday’s JOLTS Job Openings number release has been higher than expected at 11.25M. Today we will get the Unemployment Claims and Trade Balance releases, among others.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

Where would the price of gold go following tomorrow’s monthly Nonfarm Payrolls announcement? We’ve compiled the data since September of 2018, a 46-month-long period of time that contains of forty six 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 0.52% in June and in May it lost 2.16%.

The following chart shows the average gold price path before and after the NFP releases for the past 46 months. The market was usually advancing ahead of the release day and closing 0.36% higher on the 10th day after the NFP release.

Economic News Schedule

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

Thursday, July 7

  • 7:30 a.m. U.S. – Challenger Job Cuts y/y
  • 8:30 a.m. U.S. – Unemployment Claims, Trade Balance
  • 1:00 p.m. U.S. – FOMC Member Bullard Speech, FOMC Member Waller Speech

Friday, July 8

  • 7:55 a.m. Eurozone – ECB President Lagarde Speech
  • 8:30 a.m. U.S. – Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m
  • 8:30 a.m. Canada – Employment Change, Unemployment Rate
  • 10:00 a.m. U.S. – Final Wholesale Inventories m/m
  • 11:00 a.m. U.S. – FOMC Member Williams Speech
  • 3:00 p.m. U.S. – Consumer Credit m/m

Paul Rejczak
Stock Trading 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, July 6 – Gold Price at New Medium-Term Lows

Gold Price Recap

The gold futures contract lost 2.09% on Tuesday, July 5, as it broke below its previous lows following U.S. dollar rally. Yesterday’s daily low was at 1,763.00 and this morning gold is trading even lower after breaking below the 1,760 price level, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.2% lower this morning, as it is trading along the $1,760 level. What about the other precious metals? Silver is 0.1% lower, platinum is 0.7% lower and palladium is 0.8% higher. So the main precious metals’ prices are slightly lower this morning.

Fundamentals and Economic News Schedule

Yesterday’s Factory Orders number release has been higher than expected at +1.6%. Today we will get the Services PMI, JOLTS Job Openings and FOMC Meeting Minutes releases.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

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

Wednesday, July 6

  • 5:00 a.m. Eurozone – EU Economic Forecasts
  • 9:00 a.m. U.S. – FOMC Member Williams Speech
  • 9:45 a.m. U.S. – Final Services PMI
  • 10:00 a.m. U.S. – JOLTS Job Openings, ISM Services PMI
  • 2:00 p.m. U.S. – FOMC Meeting Minutes

Thursday, July 7

  • 7:30 a.m. U.S. – Challenger Job Cuts y/y
  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 8:30 a.m. U.S. – Unemployment Claims, Trade Balance
  • 1:00 p.m. U.S. – FOMC Member Bullard Speech, FOMC Member Waller Speech

Paul Rejczak
Stock Trading 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, July 5 – Gold is Lower on Strengthening U.S. Dollar

Gold Price Recap

The gold futures contract gained 0.38% on Monday, July 4, as it traded within a relatively narrow range due to the long holiday weekend in the U.S. Gold further extended its consolidation along the $1,800 price level. On Friday it fell to the new medium-term low of $1,783.40, before bouncing and breaking above the $1,800 level again. The yellow metal’s price reacted to stregthening U.S. dollar, among other factors. This morning it is trading along the $1,800 level, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.4% lower this morning, as it is retracing its yesterday’s advance because of the U.S. dollar strength. What about the other precious metals? Silver is 0.6% lower, platinum is 2.0% lower and palladium is unchanged. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

Today we will get the Factory Orders number release at 10:00 a.m.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

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

Tuesday, July 5

  • 12:30 a.m. Australia – Cash Rate, RBA Rate Statement
  • 6:00 a.m. U.K. – BOE Governor Bailey Speech
  • 10:00 a.m. U.S. – Factory Orders m/m

Wednesday, July 6

  • 5:00 a.m. Eurozone – EU Economic Forecasts
  • 9:00 a.m. U.S. – FOMC Member Williams Speech
  • 9:45 a.m. U.S. – Final Services PMI
  • 10:00 a.m. U.S. – JOLTS Job Openings, ISM Services PMI
  • 2:00 p.m. U.S. – FOMC Meeting Minutes

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

Paul Rejczak
Stock Trading 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: Monday, July 4 – Gold Remains Close to $1,850 Price Level

Gold Price Recap

The gold futures contract lost 0.32% on Friday, July 1, as it extended its consolidation along the $1,800 price level. On Friday it fell to the new medium-term low of $1,783.40, before bouncing and breaking above the $1,800 level again. The yellow metal’s price reacted to stregthening U.S. dollar, among other factors. This morning it is trading slightly above the $1,800 level, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.2% lower this morning, as it is trading within a relatively narrow range due to the long holiday weekend in the U.S. What about the other precious metals? Silver is 0.3% lower, platinum is 0.8% lower and palladium is 0.2% lower. So the main precious metals’ prices are slightly lower this morning.

Fundamentals and Economic News Schedule

Friday’s ISM Manufacturing PMI release has been worse than expected at 53.0, and today we won’t get any new important economic data releases.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

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

Monday, July 4

  • 10:30 a.m. Canada – BOC Business Outlook Survey
  • All Day, U.S. – Bank Holiday

Tuesday, July 5

  • 12:30 a.m. Australia – Cash Rate, RBA Rate Statement
  • 6:00 a.m. U.K. – BOE Governor Bailey Speech
  • 10:00 a.m. U.S. – Factory Orders m/m

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

Paul Rejczak
Stock Trading 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, July 1 – Gold Price is Breaking Below $1,800 Level

Gold Price Recap

The gold futures contract lost 0.56% on Thursday, June 30, as it extended its short-term downtrend after breaking below the $1,850 price level. The market went closer to the $1,800 following strengthening U.S.dollar, among other factors. This morning gold is trading below the $1,800 level, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 1.1% lower this morning, as it is breaking below the $1,800 price level. What about the other precious metals? Silver is 2.9% lower, platinum is 1.9% lower and palladium is 1.9% lower. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

Yesterday’s Core PCE Price Index release has been slightly lower than expected at +0.3%. Today we will get the ISM Manufacturing PMI release, among others.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

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

Friday, July 1

  • 9:45 a.m. U.S. – Final Manufacturing PMI
  • 10:00 a.m. U.S. – ISM Manufacturing PMI, ISM Manufacturing Prices, Construction Spending m/m
  • All Day, Canada – Bank Holiday

Monday, July 4

  • 10:30 a.m. Canada – BOC Business Outlook Survey
  • All Day, U.S. – Bank Holiday

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

Paul Rejczak
Stock Trading 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, June 30 – Gold Price Gets Closer to $1,800 Level

Gold Price Recap

The gold futures contract lost 0.20% on Wednesday, June 29, as it further extended a short-term consolidation along the $1,800-1,850 price level. The market is still going sideways after declining from around $2,000 to below the $1,800 level in April-May. This morning gold is trading lower again, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.5% lower this morning, as it is trading closer to the $1,800 price level. What about the other precious metals? Silver is 1.9% lower, platinum is 2.1% lower and palladium is 0.7% lower. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

Yesterday’s U.S. Final GDP release has been slightly worse than expected at -1.6%. Today we will get the Core PCE Price Index release at 8:30 a.m., among others.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

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

Thursday, June 30

  • 8:30 a.m. U.S. – Core PCE Price Index m/m, Unemployment Claims, Personal Income m/m, Personal Spending m/m
  • 8:30 a.m. Canada – GDP m/m
  • 9:45 a.m. U.S. – Chicago PMI

Friday, July 1

  • 9:45 a.m. U.S. – Final Manufacturing PMI
  • 10:00 a.m. U.S. – ISM Manufacturing PMI, ISM Manufacturing Prices, Construction Spending m/m
  • All Day, Canada – Bank Holiday

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

Paul Rejczak
Stock Trading 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, June 29 – Still No Clear Direction

Gold Price Recap

The gold futures contract lost 0.20% on Tuesday, June 28, as it continued to fluctuate within a consolidation along the $1,800-1,850 price level. The market is still going sideways after declining from around $2,000 to below the $1,800 level in April-May. This morning gold is trading above its yesterday’s closing price after slightly extending a short-term decline, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.3% higher this morning, as it is trading along the $1,825 price level. What about the other precious metals? Silver is 0.4% higher, platinum is 2.4% higher and palladium is 5.8% higher. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

Yesterday’s important CB Consumer Confidence release has been worse than expected at 98.7. Today we will get the U.S. Final GDP release, among others.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

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

Wednesday, June 29

  • 6:30 a.m. U.S. – FOMC Member Mester Speech
  • 8:30 a.m. U.S. – Final GDP q/q, Final GDP Price Index q/q
  • 9:30 a.m. U.S. – Fed Chair Powell Speech
  • 9:30 Eurozone – ECB President Lagarde Speech
  • 9:30 U.K. – BOE Governor Bailey Speech
  • 1:05 p.m. U.S. – FOMC Member Bullard Speech
  • All Day – OPEC Meetings
  • All Day, Eurozone – Italian Bank Holiday

Thursday, June 30

  • 8:30 a.m. U.S. – Core PCE Price Index m/m, Unemployment Claims, Personal Income m/m, Personal Spending m/m
  • 8:30 a.m. Canada – GDP m/m
  • 9:45 a.m. U.S. – Chicago PMI

Paul Rejczak
Stock Trading 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, June 28 – Gold Price Remains Close to Short-Term Local Lows

Gold Price Recap

The gold futures contract lost 0.30% on Monday, June 27, as it further extended its consolidation along the $1,800-1,850 price level. The market is still going sideways after declining from around $2,000 to below the $1,800 level in April-May. This morning gold is trading along its yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is virtually flat this morning, as it is trading below the $1,825 price level. What about the other precious metals? Silver is 0.4% higher, platinum is 0.7% higher and palladium is 0.8% higher. So the main precious metals’ prices are mixed this morning.

Fundamentals and Economic News Schedule

Yesterday’s Durable Goods Orders release has been higher than expected at +0.7%, and the Pending Home Sales release has also been higher than expected at +0.7%. Today we will get the important CB Consumer Confidence release at 10:00 a.m., among others.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

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

Tuesday, June 21

  • 4:00 a.m. Eurozone – ECB President Lagarde Speech
  • 8:30 a.m. U.S. – Goods Trade Balance, Preliminary Wholesale Inventories m/m
  • 9:00 a.m. U.S. – HPI m/m, S&P/CS Composite-20 HPI y/y
  • 10:00 a.m. U.S. – CB Consumer Confidence, Richmond Manufacturing Index
  • All Day – G7 Meetings

Wednesday, June 29

  • 6:30 a.m. U.S. – FOMC Member Mester Speech
  • 8:30 a.m. U.S. – Final GDP q/q, Final GDP Price Index q/q
  • 9:30 a.m. U.S. – Fed Chair Powell Speech
  • 9:30 Eurozone – ECB President Lagarde Speech
  • 9:30 U.K. – BOE Governor Bailey Speech
  • 1:05 p.m. U.S. – FOMC Member Bullard Speech
  • All Day – OPEC Meetings
  • All Day, Eurozone – Italian Bank Holiday

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

Paul Rejczak
Stock Trading 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: Monday, June 27 – Gold is Closer to the $1,850 Price Level Again

Gold Price Recap

The gold futures contract gained 0.03% on Friday, June 24, as it further extended its short-term consolidation along the $1,800-1,850 price level. The market went sideways despite the previous week’s important FOMC’s release. This morning gold is trading higher, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.5% higher this morning, as it is trading closer to the $1,850 price level again. What about the other precious metals? Silver is 1.6% higher, platinum is 0.3% higher and palladium is 3.0% higher. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

Friday’s UoM Consumer Sentiment release has been as expected at 50.0 and the New Home Sales release has been better than expected at 696,000. Today we will get the Durable Goods Orders and Pending Home Sales releases.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

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

Monday, June 27

  • 8:30 a.m. U.S. – Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 10:00 a.m. U.S. – Pending Home Sales m/m
  • 1:30 p.m. Eurozone – ECB President Lagarde Speech
  • All Day – G7 Meetings

Tuesday, June 21

  • 4:00 a.m. Eurozone – ECB President Lagarde Speech
  • 8:30 a.m. U.S. – Goods Trade Balance, Preliminary Wholesale Inventories m/m
  • 9:00 a.m. U.S. – HPI m/m, S&P/CS Composite-20 HPI y/y
  • 10:00 a.m. U.S. – CB Consumer Confidence, Richmond Manufacturing Index
  • All Day – G7 Meetings

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

Paul Rejczak
Stock Trading 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, June 24 – Gold Remains Below the $1,850 Price Level

Gold Price Recap

The gold futures contract lost 0.47% on Thursday, June 23, as it continued to trade within a short-term consolidation along the $1,850 price level. The market went sideways despite last week’s important FOMC’s release. This morning gold is along yesterday’s daily close, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.2% higher this morning, as it is trading along the $1,825 price level. What about the other precious metals? Silver is 0.4% lower, platinum is 0.7% higher and palladium is 1.9% higher. So the main precious metals’ prices are mixed this morning.

Fundamentals and Economic News Schedule

Yesterday’s Unemployment Claims release has been as expected at 229,000 and Flash Manufacturing PMI/ Flash Services PMI releases have been worse than expected. Today we will get the UoM Consumer Sentiment release at 10:00 a.m.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

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

Friday, June 24

  • 4:00 a.m. Eurozone – German ifo Business Climate
  • 7:30 a.m. U.S. – FOMC Member Bullard Speech
  • 7:30 a.m. Australia – RBA Governor Lowe Speech
  • 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, New Home Sales

Monday, June 27

  • 8:30 a.m. U.S. – Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 10:00 a.m. U.S. – Pending Home Sales m/m
  • 1:30 p.m. Eurozone – ECB President Lagarde Speech
  • All Day – G7 Meetings

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

Paul Rejczak
Stock Trading 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.

 

S&P 500 Going Sideways – Are We Getting Close to Breaking Out?

The S&P 500 index lost 0.13% on Wednesday, as it continued to fluctuate below the 3,800 level. Earlier in the week it retraced last week’s Wednesday’s-Friday’s decline to new medium-term low of 3,636.87. On Friday the market was 1,181.75 points or 24.5% below its Jan. 4 record high of 4,818.62. And on Tuesday it bounced up to around 3,780. Yesterday buyers gave up at 3,800 level though.

There’s still a lot of uncertainty and worries about inflation data, tightening Fed’s monetary policy and the Russia-Ukraine conflict. Today we will get another Fed Chair Powell’s Testimony at 10:00 a.m. This morning the S&P 500 index will likely open 0.5% higher, following an overnight retreat from the 3,800 level.

The nearest important resistance level is at around 3,800-3,850, marked by the previous support level. The resistance level is also at 3,900. On the other hand, the support level is at 3,650-3,700. The S&P 500 index trades within an over week-long consolidation, as we can see on the daily chart (chart by courtesy of stockcharts):

Futures Contract Remains Below the 3,800 Level

Let’s take a look at the hourly chart of the S&P 500 futures contract. Last week it broke below the previous consolidation. The market reached new medium-term low on Friday, as it tumbled below the 3,700 level. This morning it is fluctuating slightly below the short-term resistance level of 3,800. (chart by courtesy of tradingview):

Conclusion

The S&P 500 index will likely open 0.5% higher this morning and we may see another attempt at breaking above the 3,800 level. For now, it looks like a consolidation within a downtrend or a bottoming pattern.

Here’s the breakdown:

  • The S&P 500 index continues to fluctuate within a consolidation following its mid-June decline
  • We may see further attempts at breaking above short-term local highs.

Like what you’ve read? Subscribe for our daily newsletter today, and you’ll get 7 days of FREE access to our premium daily Stock Trading Alerts as well as our other Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak,

Stock Trading Strategist

Sunshine Profits: Effective Investments through Diligence and Care

* * * * *

The information above represents analyses and opinions of Paul Rejczak & Sunshine Profits’ associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Paul Rejczak and his associates cannot guarantee the reported data’s accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Rejczak is not a Registered Securities Advisor. By reading his 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, affiliates as well as their family members 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, June 23 – Gold Slightly Lower but Still Within a Consolidation

Gold Price Action

The gold futures contract lost 0.02% on Wednesday, June 22, as it further extended its consolidation along the $1,850 level. It continued to fluctuate within a relatively narrow trading range. The market went sideways despite last week’s important FOMC’s release. This morning gold is trading below the $1,850 level, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.5% lower this morning, as it is still trading within a consolidation. What about the other precious metals? Silver is 1.4% lower, platinum is 0.9% lower and palladium is 0.2% higher. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

Today we will have a testimony from the Fed Chair Powell at 10:00 a.m., Unemployment Claims, and Flash Manufacturing PMI/ Flash Services PMI releases, among others.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

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

Thursday, June 23

  • 3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI
  • 8:30 a.m. U.S. – Unemployment Claims, Current Account
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. – Fed Chair Powell Testimony
  • Tentative, U.S. – Bank Stress Test Results

Friday, June 24

  • 4:00 a.m. Eurozone – German ifo Business Climate
  • 7:30 a.m. U.S. – FOMC Member Bullard Speech
  • 7:30 a.m. Australia – RBA Governor Lowe Speech
  • 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, New Home Sales

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

Paul Rejczak
Stock Trading 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, June 22 – Gold is Still Trading Sideways

Gold Price Recap

The gold futures contract lost 0.1% on Tuesday, June 21, as it continued to fluctuate within a relatively narrow trading range. It extended a short-term consolidation along the $1,850 price level. The market retraced some of its short-term advance after bouncing from the $1,800 support level following last week’s important FOMC’s release. This morning gold is extending a consolidation, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.4% higher this morning, as it is still trading below the $1,850 level. What about the other precious metals? Silver is 1.0% lower, platinum is 0.1% lower and palladium is 0.6% higher. So the main precious metals’ prices are mixed again this morning.

Fundamentals and Economic News Schedule

Yesterday’s Existing Home Sales release has been as expected at 5.41M. Today we will get an important testimony from the Fed Chair Powell at 9:30 a.m.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

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

Wednesday, June 22

  • 2:00 a.m. U.K. – CPI y/y, Core CPI y/y
  • 8:30 a.m. Canada – CPI m/m, Common CPI y/y, Median CPI y/y, Trimmed CPI y/y, Core CPI m/m
  • 9:30 a.m. U.S. – Fed Chair Powell Testimony

Thursday, June 23

  • 3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI
  • 8:30 a.m. U.S. – Unemployment Claims, Current Account
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. – Fed Chair Powell Testimony
  • Tentative, U.S. – Bank Stress Test Results

Paul Rejczak
Stock Trading 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, June 21 – Gold’s Short-Term Consolidation

Gold Price Recap

The gold futures contract gained 0.1% on Monday, June 20, following its Friday’s decline of 0.5%, as it extended a short-term consolidation along the $1,850 price level. It retraced some of its short-term advance after bouncing from the $1,800 support level following last week’s important FOMC’s release. This morning gold is trading sideways once again, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.3% lower this morning, as it is trading below the $1,850 level again. What about the other precious metals? Silver is 0.3% higher, platinum is 0.9% higher and palladium is 1.1% higher. So the main precious metals’ prices are mixed this morning.

Fundamentals and Economic News Schedule

Today we will get the Existing Home Sales release at 10:00 a.m.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

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

Tuesday, June 21

  • 8:30 a.m. Canada – Retail Sales m/m, Core Retail Sales m/m
  • 10:00 a.m. U.S. – Existing Home Sales
  • 12:00 p.m. U.S. – FOMC Member Mester Speech

Wednesday, June 22

  • 2:00 a.m. U.K. – CPI y/y, Core CPI y/y
  • 8:30 a.m. Canada – CPI m/m, Common CPI y/y, Median CPI y/y, Trimmed CPI y/y, Core CPI m/m
  • 9:30 a.m. U.S. – Fed Chair Powell Testimony

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

Paul Rejczak
Stock Trading 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: Monday, June 20 – Gold Price Remains Close to $1,850

Gold Price Recap

The gold futures contract lost 0.50% on Friday, June 17, as it continued to fluctuate within a consolidation along the $1,850 price level. It retraced some of its short-term advance after bouncing from the $1,800 support level following last week’s important FOMC’s release. This morning gold is trading slightly below the Friday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.1% lower this morning, as it is trading below the $1,850 level. What about the other precious metals? Silver is 0.1% lower, platinum is 0.9% higher and palladium is 0.9% higher. So the main precious metals’ prices are virtually flat this morning.

Fundamentals and Economic News Schedule

Friday’s Industrial Production number release has been worse than expected at +0.2%. Today we won’t get any new important economic data releases due to the Bank Holiday in the U.S. However, we will have speeches from the ECB President Lagarde and FOMC Member Bullard.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

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

Monday, June 20

  • 9:00 a.m. Eurozone – ECB President Lagarde Speech
  • 11:00 a.m. Eurozone – ECB President Lagarde Speech
  • 12:45 p.m. U.S. – FOMC Member Bullard Speech
  • 8:00 p.m. Australia – RBA Governor Lowe Speech
  • 9:00 p.m. Australia – Monetary Policy Meeting Minutes
  • All Day, U.S. – Bank Holiday

Tuesday, June 21

  • 8:30 a.m. Canada – Retail Sales m/m, Core Retail Sales m/m
  • 10:00 a.m. U.S. – Existing Home Sales
  • 12:00 p.m. U.S. – FOMC Member Mester Speech

Paul Rejczak
Stock Trading 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, June 17 – Gold is Trading Along $1,850 Level Again

Gold Price Recap

The gold futures contract gained 1.67% on Thursday, June 16, as it retraced its Wednesday’s intraday decline following important FOMC’s release. The yellow metal broke above the $1,850 price level again and it extended its weeks-long consolidation. This morning gold is trading slightly below the $1,850 level again, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.6% lower this morning, as it is retracing some of yesterday’s advance. What about the other precious metals? Silver is 0.5% lower, platinum is 0.7% lower and palladium is 0.5% lower. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

Yesterday’s Unemployment Claims release has been higher than expected at 229,000 and the Philly Fed Manufacturing Index release has been worse than expected at -3.3. The Building Permits and Housing Starts releases also have been worse than expected. Today we will have a speech from the Fed Chair Powell and the Industrial Production number release, among others.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

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

Friday, June 17

  • 8:45 a.m. U.S. – Fed Chair Powell Speech
  • 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. – CB Leading Index m/m
  • Tentative, Japan – BOJ Press Conference
  • All Day, Eurozone – ECOFIN Meetings

Monday, June 20

  • 12:45 p.m. U.S. – FOMC Member Bullard Speech
  • 8:00 p.m. Australia – RBA Governor Lowe Speech
  • 9:00 p.m. Australia – Monetary Policy Meeting Minutes
  • All Day, U.S. – Bank Holiday

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

Paul Rejczak
Stock Trading 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, June 16 – Volatility Following Yesterday’s FOMC Release

Gold Price Recap

The gold futures contract gained 0.34% on Wednesday, June 15, as it fluctuated following the important FOMC’s release. Yesterday’s rate hike led to an increased volatility, but the market extended its short-term consolidation above the $1,800 price level. This morning gold is trading within its yesterday’s daily range, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.7% lower this morning, as it is retracing some of the overnight rebound. What about the other precious metals? Silver is 1.2% lower, platinum is 1.2% lower and palladium is 0.1% higher. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

Yesterday’s Retail Sales release has been lower than expected at -0.3% m/m. Today we will get the Unemployment Claims, Philly Fed Manufacturing Index, Building Permits and Housing Starts releases at 8:30 a.m.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

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

Thursday, June 16

  • 7:00 a.m. U.K. – Monetary Policy Summary, Official Bank Rate, MPC Official Bank Rate Votes
  • 8:30 a.m. U.S. – Philly Fed Manufacturing Index, Unemployment Claims, Building Permits, Housing Starts
  • Tentative, Japan – Monetary Policy Statement, BOJ Policy Rate
  • All Day, Eurozone – Eurogroup Meetings

Friday, June 17

  • 8:45 a.m. U.S. – Fed Chair Powell Speech
  • 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. – CB Leading Index m/m
  • Tentative, Japan – BOJ Press Conference
  • All Day, Eurozone – ECOFIN Meetings

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

Paul Rejczak
Stock Trading 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, June 15 – Gold Bounces From $1,800 Ahead of the Important FOMC Release

Gold Price Recap

The gold futures contract lost 1.00% on Tuesday, June 14, as it extended its Monday’s decline of 2.3%. The market retraced last Friday’s advance following higher-than-expected Consumer Price Index release. Gold went closer to the $1,800 level again on Monday. This morning gold is retracing its yesterday’s drop, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 1.0% higher this morning, as it is trading closer to its yesterday’s daily high. What about the other precious metals? Silver is 2.1% higher, platinum is 2.9% higher and palladium is 1.8% higher. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

Yesterday’s Producer Price Index release has been as expected at +0.8% m/m. Today we will get the Retail Sales number release at 8:30 a.m. and the important FOMC Statement release at 2:00 p.m. We will likely see an increased volatility later in the day.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

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

Wednesday, June 15

  • 8:30 a.m. U.S. – Retail Sales m/m, Core Retail Sales m/m, Empire State Manufacturing Index, Import Prices m/m
  • 10:00 a.m. U.S. – Business Inventories m/m, NAHB Housing Market Index
  • 12:20 Eurozone – ECB President Lagarde Speech
  • 2:00 p.m. U.S. – FOMC Statement, Federal Funds Rate, FOMC Economic Projections
  • 2:30 p.m. U.S. – FOMC Press Conference
  • 9:30 p.m. Australia – Employment Change, Unemployment Rate

Thursday, June 16

  • 7:00 a.m. U.K. – Monetary Policy Summary, Official Bank Rate, MPC Official Bank Rate Votes
  • 8:30 a.m. U.S. – Philly Fed Manufacturing Index, Unemployment Claims, Building Permits, Housing Starts
  • Tentative, Japan – Monetary Policy Statement, BOJ Policy Rate
  • All Day, Eurozone – Eurogroup Meetings

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

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

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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.