Monday, November 24, 2014
Nothing has happened over the weekend.
Nothing has happened over the weekend. The world is expecting easing out
of Europe and Japan with lower interest rates in China the investment
money looks for better returns. At this juncture those returns are found
in US dollar based investments.
This keeps the US dollar in a strong position and maintains downward
pressure on gold and silver in the face of bullish indicators. Platinum
and palladium are also under the same pressure and technically they
look oversold. Yet for the bulls to see an upward
momentum to push these markets out of the doldrums it will take a
significantly powerful catalyst. No US data today of real import, GDP
tomorrow and Durable Goods report on Wednesday. Expect this week to be
very quiet ahead of Thanksgiving day holiday in the
USA.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment