Daily Gold Update: Thursday, September 15 – Gold Price Breaks Below $1,700

Gold Price Recap

The gold futures contract lost 0.48% on Wednesday, September 14, as it got close to the recent local lows on strengthening U.S. dollar, monetary policy tightening fears. The market remained above the $1,700 level yesterday. This morning the yellow metal is breaking below that psychological support level, 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 trading below the $1,700 level. What about the other precious metals? Silver is 1.1 % lower, platinum is 0.3% lower and palladium is 1.1% lower. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

Yesterday’s Producer Price Index release has been as expected at -0.1% m/m, and the PPI Core number has been slightly higher than expected at +0.4% m/m. Today we will get the important Retail Sales release at 8:30 a.m., among others.

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

Thursday, September 15

  • 8:30 a.m. U.S. – Retail Sales m/m, Core Retail Sales m/m, Empire State Manufacturing Index, Philly Fed Manufacturing Index, Unemployment Claims, Import Prices 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
  • 10:00 p.m. China – Retail Sales y/y

Friday, September 16

  • 10:00 a.m. U.S. – Preliminary UoM Consumer Sentiment, Preliminary UoM Inflation Expectations
  • 4:00 p.m. U.S. – TIC Long-Term Purchases

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.

Upcoming US Retail Sales Report Unlikely to Deter the Fed from Aggressive Tightening

Key Points

  • US Retail Sales data for August is set for release at 1230GMT on Thursday.
  • Headline sales are seen rising 0.2% MoM and 0.1% when adjusted for August’s MoM headline CPI reading.
  • While a weak report is unlikely to deter the Fed from aggressive tightening, a strong report could bolster their confidence.

US Markets Gearing Up For August Retail Sales Figures

US market participants reorientate their focus away from inflation and onto the health of the US consumer on Thursday, with the US Census Bureau set to release US Retail Sales figures for August at 1230GMT.

Nominal headline retail sales are seen rising 0.2% MoM, which would mark an inflation-adjusted gain of 0.1% on the month (when adjusted for August’s 0.1% gain in the headline Consumer Price Index, as data on Tuesday showed). That would come after retail sales enjoyed a 0.8% inflation-adjusted gain in July. Nominal core retail sales are seen rising at a MoM pace of 0.1% in August, a deceleration from July’s 0.4% pace of growth.

A rapid drop in gas prices in recent months is for now cushioning the US consumer from inflationary pressures that are hitting from other angles (such as still elevated rent and food price growth). Other sources of US economic strength, such as the still historically strong jobs market, are also helping.

But many analysts don’t expect this resilience to continue. “We maintain a weak outlook for real goods demand over the next few quarters,” Credit Suisse argued in a note last week. The Swiss bank added that “sentiment is sour and financial conditions are tightening along the Fed’s explicit policy goal of slowing growth”. This “may put the US into a broader, unemployment-led slowdown, keeping risks to spending skewed to the downside,” they argue.

How the Retail Sales Report Could Impact Fed Tightening Expectations

The data will be viewed in the context of if/how it might impact expectations about the outlook for Fed monetary tightening. On Tuesday, US Consumer Price Index (CPI) figures for August showed a surprisingly large uptick in core inflationary pressures, rattling equity markets and forcing money market traders to price in an additional 25 bps in Fed rate hikes by the end of the year.

Fed funds futures currently imply the Fed funds rate hitting 4.0% by the years end, versus under 3.8% prior to the CPI, before rising to 4.35% by the end of Q1 2023. Prior to the CPI data, rates were seen peaking around 4.0% at the end of Q1 2023. PPI data on Wednesday also showed a pick-up in August core price pressures.

In light of this week’s inflation data, which has been interpreted as likely to strengthen the Fed’s resolve to continue with aggressive rate hikes, it seems unlikely that Thursday’s retail sales report could push back against the market’s hawkish Fed pricing. Afterall, the Fed has explicitly said that it is willing to look past some economic weakness if that means getting inflation back to target.

Even if Thursday’s Retail Sales data is super weak, traders shouldn’t expect that all of the sudden the Fed is suddenly going to come to the rescue when they are so focused on the apparently still worsening inflation outlook. On the other hand, another stronger than expected report could boost the Fed’s confidence that the economy, which also still boasts a historically robust labor market, can “handle” aggressive tightening.

Data Dump

A dump of other tier 2 US data reports are also released alongside the US Retail Sales report on Thursday. At 1230GMT, the weekly jobless claims report is out alongside the Import and Export Price Indices for August, and the New York and Philadelphia Fed Manufacturing surveys for September. These reports will give a timely update as to the health of the US industrial sector ahead of the release of more widely followed US Markit and ISM Manufacturing PMI reports for September in the coming weeks.

Daily Gold News: Wednesday, September 14 – Gold Price Fell on Inflation Release

Gold Price Recap

The gold futures contract lost 1.33% on Tuesday, September 13, as it retraced its recent advances following higher-than-expected Consumer Inflation number release. On Monday it extended an advance on news about Russia-Ukraine war, weaker U.S. dollar, among other factors. Last week on Wednesday it bounced from the $1,700 price level. This morning the yellow metal is trading closer to the $1,700 level again, 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 along its yesterday’s closing price. What about the other precious metals? Silver is 0.9% higher, platinum is 1.8% higher and palladium is 0.4% higher. So the main precious metals’ prices are mixed this morning.

Fundamentals and Economic News Schedule

Yesterday’s important Consumer Price Index release has been higher than expected at +0.1% m/m and the Core CPI number has been also higher than expected at +0.6% m/m. Today we will get the Producer Price Index 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.

Wednesday, September 14

  • 2:00 a.m. U.K. – CPI y/y, Core CPI y/y
  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m
  • 9:30 p.m. Australia – Employment Change, Unemployment Rate

Thursday, September 15

  • 8:30 a.m. U.S. – Retail Sales m/m, Core Retail Sales m/m, Empire State Manufacturing Index, Philly Fed Manufacturing Index, Unemployment Claims, Import Prices 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
  • 10:00 p.m. China – Retail Sales y/y

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, September 13 – Gold Trades Sideways Ahead of Inflation Data

Gold Price Recap

The gold futures contract gained 0.69% on Monday, September 12, as it broke slightly above the recent local highs following news about Russia-Ukraine war, weaker U.S. dollar, among other factors. Last week on Wednesday it bounced from the $1,700 price level. This morning the yellow metal is trading back lower within a consolidation (mainly due to a new futures contract series), 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 its yesterday’s closing price. What about the other precious metals? Silver is 0.6% higher, platinum is 0.8% higher and palladium is 2.7% lower. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

The markets will be waiting for the important Consumer Price Index release today at 8:30 a.m. It is expected at -0.1% m/m and the Core CPI number is expected at +0.3% m/m.

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

Tuesday, September 13

  • 5:00 a.m. Eurozone – German ZEW Economic Sentiment
  • 6:00 a.m. U.S. – NFIB Small Business Index
  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m
  • 1:01 p.m. U.S. – 30-y Bond Auction
  • 2:00 p.m. U.S. – Federal Budget Balance
  • Tentative, U.S. – IBD/TIPP Economic Optimism
  • All Day, Eurozone – ECOFIN Meetings

Wednesday, September 14

  • 2:00 a.m. U.K. – CPI y/y, Core CPI y/y
  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m
  • 9:30 p.m. Australia – Employment Change, Unemployment Rate

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, September 9 – Gold Gains on Weaker U.S. Dollar

Gold Price Recap

The gold futures contract lost 0.44% on Thursday, September 8, as it continued to fluctuate within a short-term consolidation following the late August declines. On Wednesday it bounced from the $1,700 price level. The market extended its short-term consolidation on volatile U.S. dollar, stock markets’ bounce. This morning the yellow metal is trading along the new local high, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 1.1% higher this morning, as it is trading along its yesterday’s daily high. What about the other precious metals? Silver is 1.0% higher, platinum is 0.8% higher and palladium is 2.0% higher. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

Yesterday’s Unemployment Claims release has been lower than expected at 222,000. Today we will get the Final Wholesale Inventories release at 10:00 a.m. and speeches from the FOMC Members later in the day.

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

Friday, September 9

  • 8:30 a.m. Canada – Employment Change, Unemployment Rate, Capacity Utilization Rate
  • 10:00 a.m. U.S. – Final Wholesale Inventories m/m
  • 12:00 p.m. U.S. – FOMC Member George Speech, FOMC Member Waller Speech
  • All Day, Eurozone – EU Economic Summit, Eurogroup Meetings

Monday, September 12

  • 2:00 a.m. U.K. – GDP m/m
  • 1:01 p.m. U.S. – 10-y Bond Auction

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, September 8 – Gold Extends its Yesterday’s Bounce

Gold Price Recap

The gold futures contract gained 0.87% on Wednesday, September 7, as it bounced from the $1,700 price level again. The market extended its short-term consolidation on volatile U.S. dollar, stock markets’ bounce. This morning the yellow metal is extending yesterday’s advance and it’s getting closer to the recent local high, 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 above the $1,730 level. What about the other precious metals? Silver is 1.0% higher, platinum is 1.3% higher and palladium is 2.1% higher. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

Yesterday’s U.S. Trade Balance release has been slightly lower than expected at -70.6B. Today we will get the important ECB’s Rate Decision release and a speech from the Fed Chair Powell, among others.

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

Thursday, September 8

  • 8:15 a.m. Eurozone – Main Refinancing Rate, Monetary Policy Statement
  • 8:30 a.m. U.S. – Unemployment Claims
  • 8:45 a.m. Eurozone – ECB Press Conference
  • 9:10 a.m. U.S. – Fed Chair Powell Speech

Friday, September 9

  • 8:30 a.m. Canada – Employment Change, Unemployment Rate, Capacity Utilization Rate
  • 10:00 a.m. U.S. – Final Wholesale Inventories m/m
  • 12:00 p.m. U.S. – FOMC Member George Speech, FOMC Member Waller Speech
  • All Day, Eurozone – EU Economic Summit, Eurogroup 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: Wednesday, September 7 – Gold Bounces From $1,700 Again

Gold Price Recap

The gold futures contract lost 0.56% on Tuesday, September 6, as it fluctuated within a short-term consolidation following the recent declines. Yesterday gold rebounded to the daily high of $1,737.40, but it closed near its daily low on strengthening U.S. dollar, among other factors. This morning the yellow metal is bouncing from the $1,700 level again, 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 still trading within a consolidation along the $1,700 level. What about the other precious metals? Silver is 0.9% higher, platinum is virtually flat and palladium is 0.4% higher. So the main precious metals’ prices are mixed again this morning.

Fundamentals and Economic News Schedule

Yesterday’s important ISM Services PMI release has been better than expected at 56.9. Today we will get the Trade Balance and Beige Book releases, and speeches from the FOMC Members.

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

Wednesday, September 7

  • 5:00 a.m. U.K. – Monetary Policy Report Hearings
  • 8:30 a.m. U.S. – Trade Balance
  • 10:00 a.m. U.S. – FOMC Member Mester Speech
  • 10:00 a.m. Canada – BOC Rate Statement, Overnight Rate, Ivey PMI
  • 12:35 p.m. U.S. – FOMC Member Brainard Speech
  • 2:00 p.m. U.S. – Beige Book, FOMC Member Barr Speech
  • 11:05 p.m. Australia – RBA Governor Lowe Speech

Thursday, September 8

  • 8:15 a.m. Eurozone – Main Refinancing Rate, Monetary Policy Statement
  • 8:30 a.m. U.S. – Unemployment Claims
  • 8:45 a.m. Eurozone – ECB Press Conference
  • 9:10 a.m. U.S. – Fed Chair Powell 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, September 6 – Gold Price Remains Above $1,700

Gold Price Recap

The gold futures contract lost 0.08% on Monday, September 5, as it fluctuated following its Friday’s rebound of 0.8%. On Friday the market was advancing after monthly jobs data release.

Gold bounced from its last week’s Thursday’s local low of $1,699.10. This morning the yellow metal 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 0.1% higher this morning, as it is still trading sideways and along the Friday’s closing price. What about the other precious metals? Silver is 1.3% higher, platinum is 0.1% lower and palladium is 0.2% lower. So the main precious metals’ prices are mixed again this morning.

Fundamentals and Economic News Schedule

Yesterday we didn’t get any new important economic data announcements and there was relatively low volatility amid a long holiday weekend in the U.S. Today we will get the important ISM Services PMI release at 10:00 a.m., among others.

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

Tuesday, September 6

  • 12:30 a.m. Australia – Cash Rate, RBA Rate Statement
  • 9:45 a.m. U.S. – Final Services PMI
  • 10:00 a.m. U.S. – ISM Services PMI
  • 9:30 p.m. Australia – GDP q/q

Wednesday, September 7

  • 5:00 a.m. U.K. – Monetary Policy Report Hearings
  • 8:30 a.m. U.S. – Trade Balance
  • 10:00 a.m. U.S. – FOMC Member Mester Speech
  • 10:00 a.m. Canada – BOC Rate Statement, Overnight Rate, Ivey PMI
  • 12:35 p.m. U.S. – FOMC Member Brainard Speech
  • 2:00 p.m. U.S. – Beige Book, FOMC Member Barr Speech
  • 11:05 p.m. Australia – RBA Governor Lowe 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: Monday, September 5 – Gold Price Going Sideways

Gold Price Recap

The gold futures contract gained 0.78% on Friday, September 2, as it retraced its Thursday’s decline of 1.0%. The market accelerated the intraday advance after monthly jobs data release.

Gold bounced from the Thursday’s local low of $1,699.10. This morning the yellow metal is trading along its Friday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.1% higher this morning, as it is trading sideways and along the Friday’s closing price. What about the other precious metals? Silver is 0.9% higher, platinum is 1.2% higher and palladium is virtually flat. So the main precious metals’ prices are mixed this morning.

Fundamentals and Economic News Schedule

Friday’s Non-Farm Employment Change release has been higher than expected at 315,000 and the Unemployment Rate has also been higher than expected at 3.7%. The Average Hourly Earnings release has been slightly lower than expected at +0.3% m/m. Today we won’t get any new important economic data releases. The U.S. long holiday weekend will likely lead to a lower intraday volatility.

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

Monday, September 5

  • All Day – OPEC-JMMC Meetings
  • All Day, U.S. – Bank Holiday
  • All Day, Canada – Bank Holiday

Tuesday, September 6

  • 12:30 a.m. Australia – Cash Rate, RBA Rate Statement
  • 9:45 a.m. U.S. – Final Services PMI
  • 10:00 a.m. U.S. – ISM Services PMI
  • 9:30 p.m. Australia – GDP q/q

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, September 2 – Gold Price Bounces From the $1,700 Level

Gold Price Recap

The gold futures contract lost 0.98% on Thursday. September 1, as it further extended its short-term downtrend on strengthening U.S. dollar and a sell-off in stocks. Last week on Friday it retraced its earlier advances after a speech from the Fed Chair Powell at the Jackson Hole Symposium. And this morning yellow metal is bouncing from the $1,700 price level, 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 above the $1,700 price level. What about the other precious metals? Silver is 0.6% higher, platinum is 0.9% higher and palladium is 1.6% higher. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

Yesterday’s ISM Manufacturing PMI release has been higher than expected at 52.8 and the Unemployment Claims has been lower than expected at 232,000. Today we will get the important Non-Farm Employment Change along with the Unemployment Rate and Average Hourly Earnings releases at 8:30 a.m.

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

Friday, September 2

  • 8:30 a.m. U.S. – Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m
  • 10:00 a.m. U.S. – Factory Orders m/m

Monday, September 5

  • All Day – OPEC-JMMC Meetings
  • All Day, U.S. – Bank Holiday
  • All Day, Canada – Bank Holiday

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, September 1 – Gold Price Gets Closer to $1,700

Gold Price Recap

The gold futures contract lost 0.58% on Wednesday, August 31, as it further extended its downtrend following Tuesday’s decline of 0.8%. On Friday it retraced its earlier advances after a speech from the Fed Chair Powell at the Jackson Hole Symposium, and this week it is extending the downtrend. This morning yellow metal is trading closer to the $1,700 price level, 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 trading close to the mid-July local lows. What about the other precious metals? Silver is 1.8% lower, platinum is 1.5% lower and palladium is 1.6% lower. So the main precious metals’ prices are lower again this morning.

Fundamentals and Economic News Schedule

Yesterday’s ADP Non-Farm Employment Change release has been lower than expected at 132,000, and the Chicago PMI release has been as expected at 52.5. Today we will get the ISM Manufacturing PMI release at 10:00 a.m., among others. Investors will be waiting for tomorrow’s monthly jobs data release.

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

Thursday, September 1

  • 8:30 a.m. U.S. – Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q
  • 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
  • All Day, U.S. – Wards Total Vehicle Sales

Friday, September 2

  • 8:30 a.m. U.S. – Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m
  • 10:00 a.m. U.S. – Factory Orders 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, August 31 – Gold Gets Closer to $1,700 Price Level

Gold Price Recap

The gold futures contract lost 0.77% on Tuesday, August 30, as it traded within its Monday’s daily range. On Friday it retraced its earlier advances following a speech from the Fed Chair Powell at the Jackson Hole Symposium. This morning yellow metal is extending the downtrend, as it is trading the lowest since late July, 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 closer to the $1,700 price level. What about the other precious metals? Silver is 2.4% lower, platinum is 0.8% lower and palladium is 0.4% lower. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

Yesterday’s CB Consumer Confidence and JOLTS Job Openings releases have been higher than expected. Today we will get the important ADP Non-Farm Employment Change release at 8:15 a.m. There will also be the Chicago PMI release at 9:45 a.m. Investors will be waiting for the Thursday’s ISM Manufacturing PMI and Friday’s monthly jobs data releases.

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

Wednesday, August 31

  • 5:00 a.m. Eurozone – CPI Flash Estimate y/y, Core CPI Flash Estimate y/y
  • 8:00 a.m. U.S. – FOMC Member Mester Speech
  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 9:45 a.m. U.S. – Chicago PMI
  • 9:45 p.m. China – Caixin Manufacturing PMI

Thursday, September 1

  • 8:30 a.m. U.S. – Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q
  • 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
  • All Day, U.S. – Wards Total Vehicle Sales

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, August 29 – Gold Extends the Downtrend

Gold Price Recap

The gold futures contract lost 1.22% on Friday, August 26, as it retraced its recent advances following a speech from the Fed Chair Powell at the Jackson Hole Symposium. Gold price went closer to the last Monday’s local low of around $1,740. This morning yellow metal is trading the lowest since late July, 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 extending its short-term downtrend after breaking below the $1,750 price level. What about the other precious metals? Silver is 2.4% lower, platinum is 0.9% lower and palladium is 0.6% higher. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

Friday’s Core PCE Price Index release has been lower than expected at +0.1% m/m and Personal Income/ Personal Spending releases have been lower than expected. Today we will get a speech from the FOMC Member Brainard at 2:15 p.m.

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

Monday, August 29

  • 2:15 p.m. U.S. – FOMC Member Brainard Speech
  • All Day, U.K. – Bank Holiday

Tuesday, August 30

  • 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, JOLTS Job Openings
  • 11:00 a.m. U.S. – FOMC Member Williams Speech
  • All Day, Eurozone – German Preliminary CPI 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: Friday, August 26 – Gold Trades Lower Ahead of Powell’s Speech

Gold Price Recap

The gold futures contract gained 0.56% on Thursday, August 25, as it extended its short-term rebound following the recent declines. On Monday the market reached the local low of $1,740.20. Since then gold has been retracing some of the decline. This morning the yellow metal is trading lower, 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 trading below the $1,750 price level ahead of the Fed Chief Powell speech at the Jackson Hole Symposium. What about the other precious metals? Silver is 0.3% lower, platinum is 1.1% lower and palladium is 0.8% lower. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

Yesterday’s Preliminary GDP number release has been slightly better than expected at -0.6% m/m and the Unemployment Claims release has been lower than expected at 243,000. Today we will get the important Core PCE Price Index release at 8:30 a.m. and the Fed Chair Powell Speech at 10:00 a.m.

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

Friday, August 26

  • 8:30 a.m. U.S. – Core PCE Price Index m/m, Goods Trade Balance, Personal Income m/m, Personal Spending m/m, Preliminary Wholesale Inventories m/m
  • 10:00 a.m. U.S. – Fed Chair Powell Speech, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations
  • All Day, U.S. – Jackson Hole Symposium

Monday, August 29

  • All Day, U.K. – Bank Holiday

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, August 25 – Gold Price Keeps Bouncing Back

Gold Price Recap

The gold futures contract gained 0.02% on Wednesday, August 24, as it fluctuated following Tuesday’s rebound of 0.7%. On Monday the market reached its short-term low of $1,740.20. Since then gold has been retracing some of the recent declines. This morning the yellow metal is trading higher on weakening U.S. dollar, among other factors, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.7% higher, as it is trading closer to the $1,775 price level. What about the other precious metals? Silver is 1.2% higher, platinum is 0.7% higher and palladium is 1.1% higher. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

Yesterday’s Durable Goods Orders release has been lower than expected at 0.0% m/m and Pending Home Sales release has been higher than expected at -1.0% m/m. Today we will get the important Preliminary GDP number along with the Unemployment Claims releases at 8:30 a.m.

Investors will be waiting for tomorrow’s Core PCE Price Index release and the important Fed Chair Powell Speech at the Jackson Hole Symposium.

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

Thursday, August 25

  • 4:00 a.m. Eurozone – German ifo Business Climate
  • 7:30 a.m. Eurozone – ECB Monetary Policy Meeting Accounts
  • 8:30 a.m. U.S. – Preliminary GDP q/q, Unemployment Claims, Preliminary GDP Price Index q/q
  • All Day, U.S. – Jackson Hole Symposium

Friday, August 26

  • 8:30 a.m. U.S. – Core PCE Price Index m/m, Goods Trade Balance, Personal Income m/m, Personal Spending m/m, Preliminary Wholesale Inventories m/m
  • 10:00 a.m. U.S. – Fed Chair Powell Speech, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations
  • All Day, U.S. – Jackson Hole Symposium

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, August 24 – Gold’s Short-Term Consolidation

Gold Price Recap

The gold futures contract gained 0.73% on Tuesday, August 23, as it retraced its Monday’s decline of 0.8%. The market bounced after the U.S. PMI numbers release, as it followed weakening U.S. dollar, rising stock prices. On August 10 gold reached new local high of $1,824.60. Since then it has been retracing the advance. This morning gold is trading slightly below 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 0.2% lower, as it is trading slightly above the $1,750 price level. What about the other precious metals? Silver is 0.6% lower, platinum is 0.5% lower and palladium is 0.3% higher. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

Yesterday’s U.S. Flash Services PMI release has been much lower than expected at 44.0 and the Flash Manufacturing PMI release has been slightly lower than expected at 51.3. Today we will get the Durable Goods Orders and Pending Home Sales releases.

Investors will be waiting for Thursday’s GDP, Friday’s Core PCE Price Index release and Friday’s Fed Chair Powell Speech at the Jackson Hole Symposium.

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

Wednesday, August 24

  • 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

Thursday, August 25

  • 4:00 a.m. Eurozone – German ifo Business Climate
  • 7:30 a.m. Eurozone – ECB Monetary Policy Meeting Accounts
  • 8:30 a.m. U.S. – Preliminary GDP q/q, Unemployment Claims, Preliminary GDP Price Index q/q
  • All Day, U.S. – Jackson Hole Symposium

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, August 23 – Gold Price Fluctuates After the Recent Declines

Gold Price Recap

The gold futures contract lost 0.82% on Monday, August 22, as it further extended its short-term downtrend following last week’s breakdown below the $1,800 price level. On August 10 the market reached new local high of $1,824.60 after lower-than-expected Consumer Price Index release. Since then it has been retracing the advance. This morning gold is trading along its yesterday’s closing price despite strengthening U.S. dolar, 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 along the $1,750 price level. What about the other precious metals? Silver is 0.4% lower, platinum is 0.8% lower and palladium is 0.4% higher. So the main precious metals’ prices are mixed this morning.

Fundamentals and Economic News Schedule

Yesterday we didn’t get any new important economic data releases. Today we will get the U.S. Flash Services PMI, Flash Manufacturing PMI numbers releases at 9:45 a.m. Today’s PMI releases from Europe have been mixed. Investors will be waiting for Thursday’s GDP and Friday’s Core PCE Price Index releases, among others.

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

Tuesday, August 23

  • 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
  • 4:30 a.m. U.K. – Flash Manufacturing PMI, Flash Services PMI
  • 9:45 a.m. U.S. – Flash Services PMI, Flash Manufacturing PMI
  • 10:00 a.m. U.S. – New Home Sales, Richmond Manufacturing Index

Wednesday, August 24

  • 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

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, August 22 – Gold Price Extends its Downtrend

Gold Price Recap

The gold futures contract lost 0.47% on Friday, August 19, as it extended its short-term downtrend following the recent breakdown below the $1,800 price level. On August 10 the market reached new local high of $1,824.60 after lower-than-expected Consumer Price Index release.

Since then it has been retracing the advance. This morning gold is trading below the $1,750 level on some further U.S. dolar strength, among other factors, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.8% lower this morning, as it is extending its downtrend. The market is now below the $1,750 price level. What about the other precious metals? Silver is 0.9% lower, platinum is 1.9% lower and palladium is 3.6% lower. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

On Friday we didn’t get any new important economic data releases and today we won’t get any new economic data. Investors will be waiting for tomorrow’s PMI readings, Thursday’s GDP and Friday’s Core PCE Price Index releases, among others.

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

Monday, August 22

  • No important economic data releases

Tuesday, August 23

  • 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
  • 4:30 a.m. U.K. – Flash Manufacturing PMI, Flash Services PMI
  • 9:45 a.m. U.S. – Flash Services PMI, Flash Manufacturing PMI
  • 10:00 a.m. U.S. – New Home Sales, Richmond Manufacturing Index

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, August 19 – Gold Price Extends its Decline

Gold Price Recap

The gold futures contract lost 0.31% on Thursday, August 18, as it extended a short-term downtrend following the recent breakdown below the $1,800 level. Last week on Wednesday the market reached new local high of $1,824.60 after lower-than-expected Consumer Price Index release. This morning gold is extending its decline on strengthening U.S. dollar, among other factors, 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 trading the lowest since late July. The market is now below the previous local lows along the $1,775 price level. What about the other precious metals? Silver is 1.6% lower, platinum is 1.3% lower and palladium is 1.0% lower. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

Yesterday’s Philly Fed Manufacturing Index release has been higher than expected at 6.2 and the Unemployment Claims release has been slightly lower than expected at 250,000. Today we won’t get any new important economic data announcements.

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

Friday, August 19

  • No important economic data releases

Monday, August 22

  • No important economic data releases

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, August 18 – Gold Price Bounces

Gold Price Recap

The gold futures contract lost 0.73% on Wednesday, August 17, as it extended its recent declines after breaking below the $1,800 price level. Last week on Wednesday the market reached new local high of $1,824.60 following lower-than-expected Consumer Price Index release. This morning gold is retracing some of its yesterday’s decline, 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 bouncing from the $1,775 level. What about the other precious metals? Silver is 0.2% higher, platinum is 0.4% higher and palladium is 1.3% higher. So the main precious metals’ prices are slightly higher this morning.

Fundamentals and Economic News Schedule

Yesterday’s Retail Sales release has been slightly lower than expected at 0.0% m/m. Today we will get the Philly Fed Manufacturing Index and Unemployment Claims releases, among others.

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

Thursday, August 18

  • 8:30 a.m. U.S. – Philly Fed Manufacturing Index, Unemployment Claims
  • 10:00 a.m. U.S. – Existing Home Sales, CB Leading Index m/m
  • 1:20 p.m. U.S. – FOMC Member George Speech

Friday, August 19

  • No important economic data releases

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.