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