Daily Gold News: Thursday, Dec. 17 – Gold Going Higher After FOMC

The gold futures contract gained 0.20% on Wednesday, as it retraced the whole of its last week’s decline. In late November the market has reached a new low after breaking below local lows along the price level of $1,850. Today gold is breaking above the previous local high following yesterday’s FOMC release, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.7% higher this morning, as it is extending its short-term advance following weakening U.S. dollar. What about the other precious metals? Silver gained 1.66% on Wednesday and today it is 1.7% higher. Platinum lost 0.38% and today it is 1.8% higher. Palladium gained 1.04% yesterday and today it’s 1.0% higher. So precious metals are higher again this morning .

Yesterday’s U.S. PMI release has been as expected and the Retail Sales release has been worse than expected.

But the markets were waiting for the FOMC Statement announcement.

Where would the price of gold go following yesterday’s Fed news release? We’ve compiled the data since January of 2017, a 47-month-long period of time that contains of thirty two FOMC releases. The first chart shows price paths 5 days before and 10 days after the FOMC release. We can see that the biggest 10-day advance after the NFP day was +10.5% after March 15, 2020 release and the biggest decline was -7.2% after March 3, 2020 release. But we’ve had an increased volatility following coronavirus fear then.

The previous FOMC Statement release came out two days after the U.S. Presidential Election, on November 5 th . Gold price was 4.4% lower 10 days after the release.

The following chart shows average gold price path before and after the FOMC releases for the past 47 months and 32 releases. The market was usually declining ahead of the FOMC day. Then it was going up for a week-long period. We can see that on average, gold price was 0.45% higher 10 days after the FOMC Statement announcement.

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

Thursday, December 17

  • 8:30 a.m. U.S. – Unemployment Claims, Philly Fed Manufacturing Index, Building Permits, Housing Starts
  • Tentative, Japan – Monetary Policy Statement , BOJ Policy Rate, BOJ Press Conference

Friday, December 18

  • 4:00 a.m. Eurozone – German ifo Business Climate
  • 10:00 a.m. U.S. – CB Leading Index m/m
  • 4:30 p.m. U.S. – Bank Stress Test Results

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

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

* * * * *

Disclaimer

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

 

Daily Gold News: Gold Slightly Higher, FOMC in Focus

The gold futures contract gained 1.27% on Tuesday, as it retraced some of its last week’s decline following U.S. dollar’s decline. In late November the market has reached a new low after breaking below local lows along the price level of $1,850. Last week the market has bounced off its mid-November local highs, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.3% higher this morning, as it is extending yesterday’s advance. What about the other precious metals? Silver gained 2.48% on Tuesday and today it is 2.7% higher. Platinum gained 2.33% and today it is 0.6% higher. Palladium gained 0.22% yesterday and today it’s 1.0% higher. So precious metals are higher again this morning .

Yesterday’s Empire State Manufacturing Index release has been worse than expected and the Industrial Production has been slightly better than expected.

Today we’ve got much better-than-expected PMI releases from the Eurozone . We will also get the U.S. PMI numbers and Retail Sales this morning.

But the markets are waiting for today’s FOMC Statement announcement (2:00 p.m.).

Where would the price of gold go following that news release? We’ve compiled the data since January of 2017, a 47-month-long period of time that contains of thirty two FOMC releases. The first chart shows price paths 5 days before and 10 days after the FOMC release. We can see that the biggest 10-day advance after the NFP day was +10.5% after March 15, 2020 release and the biggest decline was -7.2% after March 3, 2020 release. But we’ve had an increased volatility following coronavirus fear then.

The latest FOMC Statement release came out two days after the U.S. Presidential Election, on November 5 th . Gold price was 4.4% lower 10 days after the release.

The following chart shows average gold price path before and after the FOMC releases for the past 47 months and 32 releases. The market was usually declining ahead of the FOMC day. Then it was going up for a week-long period. We can see that on average, gold price was 0.45% higher 10 days after the FOMC Statement announcement.

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

Wednesday, December 16

  • 3:15 a.m. Eurozone – French Flash Manufacturing PMI, French Flash Services PMI
  • 3:30 a.m. Eurozone – German Flash Manufacturing PMI , German Flash Services PMI
  • 8:30 a.m. U.S. – Retail Sales m/m , Core Retail Sales m/m
  • 9:45 a.m. U.S. – Flash Manufacturing PMI , Flash Services PMI
  • 10:00 a.m. U.S. – Business Inventories m/m, NAHB Housing Market Index
  • 2:00 p.m. U.S. – FOMC Statement , Federal Funds Rate , FOMC Economic Projections
  • 2:30 p.m. U.S. – FOMC Press Conference
  • 7:30 p.m. Australia – Employment Change, Unemployment Rate
  • All Day – OPEC-JMMC Meetings

Thursday, December 17

  • 8:30 a.m. U.S. – Unemployment Claims, Philly Fed Manufacturing Index, Building Permits, Housing Starts
  • Tentative, Japan – Monetary Policy Statement, BOJ Policy Rate, BOJ Press Conference

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

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

* * * * *

Disclaimer

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

 

Daily Gold News: Gold Gaining Ahead of Wednesday’s FOMC

The gold futures contract lost 0.62% on Monday, as it extended its short-term consolidation following last week’s Wednesday’s decline of almost 2%. In late November the market has reached a new low after breaking below local lows along the price level of $1,850. The market bounced off its mid-November local highs, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 1.1% lower this morning, as it is retracing some of the recent decline. What about the other precious metals? Silver lost 0.19% on Monday and today it is 1.6% higher. Platinum lost 0.61% and today it is 0.9% higher. Palladium lost 0.61% yesterday and today it’s 1.3% higher. So precious metals are higher this morning .

Today we will get the Empire State Manufacturing Index and Industrial Production releases, among others.

But the markets will be waiting for tomorrow’s FOMC Statement announcement and series of important economic data releases.

Let’s focus on tomorrow’s Fed announcement. Where would the price of gold go following that news release? We’ve compiled the data since January of 2017, a 47-month-long period of time that contains of thirty two FOMC releases. The first chart shows price paths 5 days before and 10 days after the FOMC release. We can see that the biggest 10-day advance after the NFP day was +10.5% after March 15, 2020 release and the biggest decline was -7.2% after March 3, 2020 release. But we’ve had an increased volatility following coronavirus fear then.

The latest FOMC Statement release came out two days after the U.S. Presidential Election, on November 5 th . Gold price was 4.4% lower 10 days after the release.

The following chart shows average gold price path before and after the FOMC releases for the past 47 months and 32 releases. The market was usually declining ahead of the FOMC day. Then it was going up for a week-long period. We can see that on average, gold price was 0.45% higher 10 days after the FOMC Statement announcement.

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

Tuesday, December 15

  • 8:30 a.m. U.S. – Empire State Manufacturing Index, Import Prices m/m
  • 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate

Wednesday, December 16

  • 3:15 a.m. Eurozone – French Flash Manufacturing PMI, French Flash Services PMI
  • 3:30 a.m. Eurozone – German Flash Manufacturing PMI , German Flash Services PMI
  • 8:30 a.m. U.S. – Retail Sales m/m , Core Retail Sales m/m
  • 9:45 a.m. U.S. – Flash Manufacturing PMI , Flash Services PMI
  • 10:00 a.m. U.S. – Business Inventories m/m, NAHB Housing Market Index
  • 2:00 p.m. U.S. – FOMC Statement , Federal Funds Rate , FOMC Economic Projections
  • 2:30 p.m. U.S. – FOMC Press Conference
  • 7:30 p.m. Australia – Employment Change, Unemployment Rate
  • All Day – OPEC-JMMC Meetings

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

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

* * * * *

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, Dec. 14 – Gold Trading Along Recent Lows

The gold futures contract gained 0.34% on Friday, as it continued to fluctuate following last week’s Wednesday’s decline of almost 2%. In late November the market has reached a new low after breaking below local lows along the price level of $1,850. The market bounced off its mid-November local highs, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.8% lower this morning, as it is trading slightly below its short-term local lows. What about the other precious metals? Silver lost 0.01% on Friday and today it is 0.4% lower. Platinum lost 0.57% and today it is 1.5% higher. Palladium lost 0.1% on Friday and today it’s 0.5% higher. So precious metals are mixed this morning .

Friday’s U.S. Producer Price Index release has been as expected at +0.1%. Today we won’t get any new important economic data releases. The markets will be waiting for Wednesday’s FOMC Statement release.

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

Monday, December 14

  • No important economic data releases

Tuesday, December 15

  • 8:30 a.m. U.S. – Empire State Manufacturing Index, Import Prices m/m
  • 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate

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

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

* * * * *

Disclaimer

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

 

Daily Gold News: Friday, Dec. 11 – Gold’s Short-term Consolidation

The gold futures contract lost 0.06% on Thursday, as it fluctuated following Wednesday’s decline of almost 2%. Last week the market has reached a new low after breaking below local lows along the price level of $1,850. Four weeks ago gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The market bounced off its mid-November local highs on Wednesday, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.2% lower this morning, as it is trading along the recent closing prices. What about the other precious metals? Silver gained 0.43% on Thursday and today it is 0.7% lower. Platinum gained 0.9% and today it is 1.6% lower. Palladium gained 1.95% yesterday and today it’s 0.1% lower. So precious metals are lower this morning .

Yesterday’s U.S. Consumer Price Index release has been slightly higher than expected at +0.2%. Today we will get the U.S. Producer Price Index , among others.

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

Friday, December 11

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m
  • 10:00 a.m. U.S. – Preliminary UoM Consumer Sentiment, Preliminary UoM Inflation Expectations
  • All Day, Eurozone – Euro Summit

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

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

* * * * *

Disclaimer

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

 

Daily Gold News: Thursday, Dec. 10 – Uncertainty Ahead of ECB News

The gold futures contract lost 1.94% on Wednesday, as it retraced some of its recent advances. Last week the market has reached a new low following breaking below local lows along the price level of $1,850. Four weeks ago gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The market bounced off its mid-November local highs yesterday, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.2% lower this morning, as it is trading close to yesterday’s daily low. What about the other precious metals? Silver lost 3.02% on Wednesday and today it is 0.3% lower. Platinum lost 1.78% and today it is 0.9% higher. Palladium lost 1.60% on Wednesday and today it’s 1.4% higher. So precious metals are mixed this morning .

Yesterday’s Wholesale Inventories release has been slightly bigger than expected at +1.1%.

Today the markets will be closely watching ECB releases at 7:45 a.m. and 8:30 a.m. We will also have the U.S. Consumer 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:

Thursday, December 10

  • 7:45 a.m. Eurozone – Main Refinancing Rate , Monetary Policy Statement
  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m, Unemployment Claims
  • 8:30 a.m. Eurozone – ECB Press Conference
  • 2:00 p.m. U.S. – Federal Budget Balance

Friday, December 11

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m
  • 10:00 a.m. U.S. – Preliminary UoM Consumer Sentiment, Preliminary UoM Inflation Expectations

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

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

* * * * *

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, Dec. 9 – Gold’s Downward Correction

The gold futures contract gained 0.48% on Tuesday, as it slightly extended its recent advance. Last week the market has reached a new low following breaking below local lows along the price level of $1,850. Four weeks ago gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The market is trading above $1,850 price level again, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.9% lower this morning, as it is retracing some of the recent advances. What about the other precious metals? Silver lost 0.23% on Tuesday and today it is 2.1% lower. Platinum lost 1.18% and today it is 1.4% lower. Palladium lost 1.00% on Tuesday and today it’s 0.7% lower. So precious metals are lower this morning .

Yesterday’s Nonfarm Productivity number release has been slightly worse than expected at +4.6%. Today we will get Final Wholesale Inventories data, among others. The markets will await ECB talk on Thursday.

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

Wednesday, December 9

  • 10:00 a.m. U.S. – Final Wholesale Inventories m/m, JOLTS Job Openings
  • 10:00 a.m. Canada – BOC Rate Statement, Overnight Rate

Thursday, December 10

  • 7:45 a.m. Eurozone – Main Refinancing Rate, Monetary Policy Statement
  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m, Unemployment Claims
  • 8:30 a.m. Eurozone – ECB Press Conference
  • 2:00 p.m. U.S. – Federal Budget Balance

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

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

* * * * *

Disclaimer

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

 

Daily Gold News: Consolidation Following Monday’s Rally

The gold futures contract gained 1.41% on Monday, as it extended its recent advance. Last week the market has reached a new low following breaking below local lows along the price level of $1,850. Four weeks ago gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The market is above $1,850 price level again, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.1% higher this morning, as it is fluctuating following yesterday’s advance. What about the other precious metals? Silver gained 2.23% on Monday and today it is 0.3% higher. Platinum lost 2.18% and today it is unchanged. Palladium lost 0.28% on Monday and today it’s 1.5% lower. So precious metals are mixed this morning .

Yesterday we didn’t get any new important economic data releases. Today there will be a Nonfarm Productivity number release at 8:30 a.m.

Let’s focus on last Friday’s Nonfarm Payrolls release. Where would the price of gold go following that news? We’ve compiled the data since September of 2018, a 26-month-long period of time that contains of twenty six NFP releases. The following chart shows the average gold price path before and after the NFP releases for the past 26 months. The market was usually fluctuating for a week before advancing and closing 0.47% higher on the 10th day after the monthly Nonfarm Payrolls release.

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

Tuesday, December 8

  • 5:00 a.m. Eurozone – German ZEW Economic Sentiment
  • 8:30 a.m. U.S. – Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q
  • 8:30 p.m. China – CPI y/y, PPI y/y

Wednesday, December 9

  • 10:00 a.m. U.S. – Final Wholesale Inventories m/m, JOLTS Job Openings
  • 10:00 a.m. Canada – BOC Rate Statement, Overnight Rate

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

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

* * * * *

Disclaimer

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

 

Daily Gold News: Monday, Dec. 7 – Gold Bouncing Off $1,850

The gold futures contract lost 0.06% on Friday, as it fluctuated following its recent advance. Last week the market has reached a new low following breaking below local lows along the price level of $1,850. Four weeks ago gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The market is close to $1,850 price level again, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.5% lower this morning, as it is retracing some of last week’s rebound. What about the other precious metals? Silver gained 0.48% on Friday and today it is 1.8% lower. Platinum gained 3.29% and today it is 3.8% lower. Palladium gained 1.72% on Friday and today it’s 0.5% lower. So precious metals are lower this morning .

Friday’s Nonfarm Payrolls release has been worse than expected at +245,000. But the Unemployment Rate has been slightly better than expected at 6.7%. Today we won’t get any new important economic data releases.

Let’s focus on Friday’s Nonfarm Payrolls release. Where would the price of gold go following that news? We’ve compiled the data since September of 2018, a 26-month-long period of time that contains of twenty six NFP releases. The following chart shows the average gold price path before and after the NFP releases for the past 26 months. The market was usually fluctuating for a week before advancing and closing 0.47% higher on the 10th day after the monthly Nonfarm Payrolls release.

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

Monday, December 7

  • 10:00 a.m. Canada – Ivey PMI

Tuesday, December 8

  • 5:00 a.m. Eurozone – German ZEW Economic Sentiment
  • 8:30 a.m. U.S. – Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q
  • 8:30 p.m. China – CPI y/y, PPI y/y

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

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

* * * * *

Disclaimer

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

 

Daily Gold News: Friday, Dec. 4 – Gold Going Sideways Ahead of NFP

The gold futures contract gained 0.60% on Thursday, as it extended its short-term uptrend. On Monday the market has reached a new low following breaking below the recent local lows along the price level of $1,850. More than three weeks ago gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. Last week there has been a breakdown below $1,850, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is unchanged this morning, as it is trading along its previous local lows. What about the other precious metals? Silver gained 0.24% on Thursday and today it is 0.7% higher. Platinum gained 2.62% and today it is 3.0% higher. Palladium lost 3.75% yesterday and today it’s 1.7% higher. So precious metals are mixed this morning .

Yesterday’s Unemployment Claims release has been better than expected and the ISM Services PMI release has been as expected.

Today we will get the monthly jobs data release .

Let’s focus on the the Nonfarm Payrolls . Where would the price of gold go following that release? We’ve compiled the data since September of 2018, a 26-month-long period of time that contains of twenty 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 almost 4% in August, but it gained 0.3-0.7% in September and October.

The following chart shows the average gold price path before and after the NFP releases for the past 26 months. The market was usually fluctuating for a week before advancing and closing 0.47% higher on the 10th day after the monthly Nonfarm Payrolls release.

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

Friday, December 4

  • 8:30 a.m. U.S. – Non-Farm Employment Change , Unemployment Rate , Average Hourly Earnings m/m , Trade Balance
  • 8:30 a.m. Canada – Employment Change, Unemployment Rate
  • 10:00 a.m. U.S. – Factory Orders m/m, FOMC Member Bowman Speech

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

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

* * * * *

Disclaimer

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

 

Daily Gold News: Thursday, Dec. 3 – Gold Extending Short-term Gains

The gold futures contract gained 0.62% on Wednesday, as it retraced more of the recent decline. On Monday the market has extended a short-term downtrend following breaking below the recent local lows along the price level of $1,850. Three weeks ago gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. Last week there has been a breakdown below $1,850, as we can see on the daily chart ( the chart includes today’s intraday data ):

Silver lost 0.04% on Wednesday and today it is 0.1% higher. Platinum gained 0.82% and today it is 1.5% higher. Palladium lost 0.88% yesterday and today it’s 0.1% higher. So precious metals are slightly higher this morning .

Yesterday’s ADP Non-Farm Employment Change release has been worse than expected at +307,000. Today we will get the Unemployment Claims and Services PMI releases.

The markets will wait for Friday’s monthly jobs data release .

Let’s focus on the Friday’s Nonfarm Payrolls number release. Where would the price of gold go following that news release? We’ve compiled the data since September of 2018, a 26-month-long period of time that contains of twenty 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 gained lost almost 4% in August, but it gained 0.3-0.7% in September and October.

The following chart shows the average gold price path before and after the NFP releases for the past 26 months. The market was usually fluctuating for a week before advancing and closing 0.47% higher on the 10th day after the monthly Nonfarm Payrolls release.

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

Thursday, December 3

  • 8:30 a.m. U.S. – Unemployment Claims
  • 9:45 a.m. U.S. – Final Services PMI
  • 10:00 a.m. U.S. – ISM Services PMI

Friday, December 4

  • 8:30 a.m. U.S. – Non-Farm Employment Change , Unemployment Rate , Average Hourly Earnings m/m , Trade Balance
  • 8:30 a.m. Canada – Employment Change, Unemployment Rate
  • 10:00 a.m. U.S. – Factory Orders m/m, FOMC Member Bowman Speech

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

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


Disclaimer

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

 

Daily Gold News: Wednesday, Dec. 2 – Gold Back Above $1,800

The gold futures contract gained 2.13% on Tuesday, as it retraced its recent declines. On Monday the market has extended a short-term downtrend following breaking below the recent local lows along the price level of $1,850. Three weeks ago gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. Last week there has been a breakdown below the support level of $1,850, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold price is 0.3% higher this morning, as it is retracing some more of its recent decline. What about the other precious metals? Silver gained 6.63% on Tuesday and today it is 0.2% lower. Platinum gained 3.93% and today it is 0.6% higher. Palladium gained 0.99% yesterday and today it’s 0.4% lower. So precious metals are mixed this morning .

Yesterday’s ISM Manufacturing PMI release has been slightly lower than expected at 57.5. Today we will get ADP Non-Farm Employment Change , Beige Book releases and some more Fed talk including Fed Chair Powell’s Testimony.

The markets will wait for Friday’s monthly jobs data release .

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

Wednesday, December 2

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 9:00 a.m. U.S. – FOMC Member Quarles Speech
  • 10:00 a.m. U.S. – Fed Chair Powell Testimony
  • 1:00 p.m. U.S. – FOMC Member Williams Speech
  • 2:00 p.m. U.S. – Beige Book
  • 8:45 p.m. China – Caixin Services PMI

Thursday, December 3

  • 8:30 a.m. U.S. – Unemployment Claims
  • 9:45 a.m. U.S. – Final Services PMI
  • 10:00 a.m. U.S. – ISM Services PMI

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

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

* * * * *

Disclaimer

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

 

Daily Gold News: Gold’s Upward Correction, Back Above $1,800

The gold futures contract lost 0.40% on Monday, as it extended its short-term downtrend following breaking below the recent local lows along the price level of $1,850. Three weeks ago on Monday gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. Last week there has been a breakdown below the support level of $1,850. And today the market is retracing some of the decline, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold price is 1.7% higher this morning, as it is retracing some of its short-term decline. What about the other precious metals? Silver lost 0.20% on Monday and today it is 3.6% higher. Platinum gained 0.11% and today it is 1.8% higher. Palladium lost 1.39% yesterday and today it’s 1.0% higher. So precious metals are advancing this morning .

Yesterday’s Chicago PMI and Pending Home Sales releases have been worse than expected. Today we will get the ISM Manufacturing PMI and the Fed Chair Powell Testimony at 10:00 a.m.

The markets will wait for Friday’s monthly jobs data release .

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

Tuesday, December 1

  • 9:45 a.m. U.S. – Final Manufacturing PMI
  • 10:00 a.m. U.S. – ISM Manufacturing PMI , Fed Chair Powell Testimony , Construction Spending m/m, ISM Manufacturing Prices
  • 7:00 p.m. Australia – RBA Governor Lowe Speech
  • 7:30 p.m. Australia – GDP q/q
  • All Day, Eurozone – ECOFIN Meetings

Wednesday, December 2

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 9:00 a.m. U.S. – FOMC Member Quarles Speech
  • 10:00 a.m. U.S. – Fed Chair Powell Testimony
  • 1:00 p.m. U.S. – FOMC Member Williams Speech
  • 2:00 p.m. U.S. – Beige Book
  • 8:45 p.m. China – Caixin Services PMI

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

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

* * * * *

Disclaimer

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

 

Daily Gold News: Gold Extending Sell-off Below $1,800

The gold futures contract lost 0.96% on Friday, as it extended its short-term downtrend following breaking below the recent local lows along the price level of $1,850. Three weeks ago on Monday gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal came back down to $1,850 price level. Last week there has been a breakdown below that support level, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.8% lower this morning, as it is further extending the downtrend. What about the other precious metals? Silver lost 3.09% on Friday and today it is 2.5% lower. Platinum lost 0.52% and today it is 0.2% lower. Palladium gained 3.17% on Friday and today it’s 0.7% lower. So precious metals are lower again this morning .

Today we will get Chicago PMI and Pending Home Sales releases. But the markets will now wait for Tuesday’s-Wednesday’s Fed Chair Powell testimony and Friday’s monthly jobs data release .

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

Monday, November 30

  • 5:00 a.m. Eurozone – ECB President Lagarde Speech
  • 9:45 a.m. U.S. – Chicago PMI
  • 10:00 a.m. U.S. – Pending Home Sales m/m
  • 10:30 p.m. Australia – Cash Rate, RBA Rate Statement
  • All Day – OPEC Meetings

Tuesday, December 1

  • 9:45 a.m. U.S. – Final Manufacturing PMI
  • 10:00 a.m. U.S. – ISM Manufacturing PMI , Fed Chair Powell Testimony , Construction Spending m/m, ISM Manufacturing Prices
  • 7:00 p.m. Australia – RBA Governor Lowe Speech
  • 7:30 p.m. Australia – GDP q/q
  • All Day, Eurozone – ECOFIN Meetings

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

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

* * * * *

Disclaimer

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

 

Daily Gold News: Gold’s Low Volatility Following Recent Declines

The gold futures contract gained 0.05% on Wednesday, as it fluctuated following Monday’s sell-off after breaking below the recent local lows along the price level of $1,850. More than two weeks ago on Monday gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal came back down to $1,850 price level. And on Monday there has been a breakdown below that support level, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.2% lower this morning, as it is trading within a short-term consolidation. What about the other precious metals? Silver gained 0.27% on Wednesday and today it is 0.6% lower. Platinum gained 1.20% and today it is 0.9% lower. Palladium gained 0.53% on Wednesday and today it’s 0.4% lower. So precious metals are lower this morning .

Wednesday’s Preliminary GDP release has been as expected at +33.1% (q/q). And the Unemployment Claims number has been slightly worse than expected at 778,000.

There will be no new important economic data releases today, and trading hours will be shorter due to Thanksgiving long weekend.

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

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

* * * * *

Disclaimer

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

 

Daily Gold News: Volatility Dropping Ahead of Thanksgiving Holiday

The gold futures contract lost 1.81% on Tuesday, as it extended its Monday’s sell-off following breaking below the recent local lows along the price level of $1,850. Two weeks ago on Monday gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal came back down to $1,850 price level. And on Monday there has been a breakdown below that support level, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.3% higher this morning, as it is retracing some of the recent declines. What about the other precious metals? Silver lost 1.41% on Tuesday and today it is 0.5% higher. Platinum gained 2.85% and today it is 0.7% lower. Palladium lost 0.07% yesterday and today it’s 0.9% lower. So precious metals are mixed this morning .

Yesterday’s Consumer Confidence release has been slightly worse than expected at 96.1. Today we will get the Preliminary GDP and the FOMC Meeting Minutes releases, among others.

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

Wednesday, November 25

  • 4:00 a.m. Eurozone – ECB Financial Stability Review
  • 8:30 a.m. U.S. – Preliminary GDP q/q , Unemployment Claims, Durable Goods Orders m/m, Core Durable Goods Orders m/m, Goods Trade Balance, Preliminary GDP Price Index q/q, Preliminary Wholesale Inventories m/m
  • 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, New Home Sales
  • 2:00 p.m. U.S. – FOMC Meeting Minutes

Thursday, November 26

  • All Day, U.S. – Bank Holiday

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

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

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: Selling Pressure as Gold Gets Closer to $1,800

The gold futures contract lost 1.85% on Monday, as it broke below its recent local lows along the price level of $1,850. Two weeks ago gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal came back down to $1,850 price level. And yesterday there has been a breakdown below that support level, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 1.3% lower this morning, as it is extending yesterday’s decline. What about the other precious metals? Silver lost 3.00% on Monday and today it is 1.9% lower. Platinum lost 2.66% and today it is 0.2% lower. Palladium gained 1.31% yesterday and today it’s 1.0% higher. So precious metals are lower again this morning .

Yesterday’s U.S. Flash Manufacturing PMI and Flash Services PMI releases have both been better than expected. The markets will now wait for today’s Consumer Confidence release at 10:00 a.m. It is expected to reach 97.7, down from last month’s value of 100.9. Tomorrow we will get the Preliminary GDP and the FOMC Meeting Minutes releases, among others.

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

Tuesday, November 24

  • 10:00 a.m. U.S. – CB Consumer Confidence , Richmond Manufacturing Index

Wednesday, November 25

  • 4:00 a.m. Eurozone – ECB Financial Stability Review
  • 8:30 a.m. U.S. – Preliminary GDP q/q , Unemployment Claims, Durable Goods Orders m/m, Core Durable Goods Orders m/m, Goods Trade Balance, Preliminary GDP Price Index q/q, Preliminary Wholesale Inventories m/m
  • 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, New Home Sales
  • 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 Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

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

 

Daily Gold News: Monday, Nov. 23 – Gold’s Weakness Despite Falling USD

The gold futures contract lost 0.59% on Friday, as it continued to fluctuate within a short-term consolidation following the previous Monday’s 5% sell-off. Gold sold off after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal has retraced all of its previous advance. It came back down to $1,850 price level, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.3% lower this morning, as it is still trading within a consolidation. What about the other precious metals? Silver gained 1.31% on Friday and today it is 1.1% lower. Platinum gained 0.60% and today it is 0.9% lower. Palladium gained 0.15% on Friday and today it’s 0.1% higher. So precious metals are generally lower this morning .

Today we will get the U.S. Flash Manufacturing PMI and Flash Services PMI releases at 9:45 a.m. The markets will now wait for tomorrow’s Consumer Confidence release.

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

Monday, November 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
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI

Tuesday, November 24

  • 10:00 a.m. U.S. – CB Consumer Confidence , Richmond Manufacturing Index

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

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

Disclaimer

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

Daily Gold News: Gold Remains Close to $1,850 Price Level

The gold futures contract lost 0.66% on Thursday, as it further extended its short-term consolidation following last week’s Monday’s 5% sell-off. Gold sold off after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal has retraced all of its previous advance. It came back down to $1,850 price level, 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 along the bottom of a short-term consolidation. What about the other precious metals? Silver lost 1.64% on Thursday and today it is 0.4% higher. Platinum gained 0.06% and today it is 0.5% higher. Palladium lost 1.45% yesterday and today it’s 0.3% higher. So precious metals are mixed this morning .

Yesterday’s Unemployment Claims release has been worse than expected at 742,000. But the Philly Fed Manufacturing Index has been better than expected (26.3). Today we won’t get any important economic data releases.

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

Friday, November 20

  • 3:15 a.m. Eurozone – ECB President Lagarde Speech
  • 8:30 a.m. U.S. – FOMC Member Kaplan Speech
  • 8:30 a.m. Canada – Retail Sales m/m, Core Retail Sales m/m

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

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

* * * * *

Disclaimer

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

 

Daily Gold News: Thursday, Nov. 19 – Gold Bouncing Off $1,850

The gold futures contract lost 0.59% on Wednesday, as it continued to trade within a short-term consolidation following last week’s Monday’s 5% sell-off. Gold sold off after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal has retraced all of its previous advance. It came back down to $1,850 price level, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.4% lower this morning, as it is trading along the bottom of the mentioned short-term consolidation. What about the other precious metals? Silver lost 0.82% on Wednesday and today it is 1.3% lower. Platinum gained 1.47% and today it is 0.2% higher. Palladium gained 1.18% yesterday and today it’s 0.8% lower. So precious metals are generally lower this morning .

Yesterday’s Housing Starts and Building Permits releases have been mixed. Today we will get the Unemployment Claims and Philly Fed Manufacturing Index releases, among others.

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

Thursday, November 19

  • 8:30 a.m. U.S. – Unemployment Claims, Philly Fed Manufacturing Index
  • 8:30 a.m. Canada – ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. – CB Leading Index m/m, Existing Home Sales
  • 10:00 a.m. Eurozone – ECB President Lagarde Speech

Friday, November 20

  • 3:15 a.m. Eurozone – ECB President Lagarde Speech
  • 8:30 a.m. U.S. – FOMC Member Kaplan Speech
  • 8:30 a.m. Canada – Retail Sales m/m, Core Retail Sales m/m

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

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