On Wednesday May 10 we have US inflation data out and the market is at an interesting point right now. The USD has been weakening after the Federal Reserve meeting this week on expectations that the Fed has finished their…
So, the Fed hiked by 25 bps as expected on Wednesday and also signalled a rate pause with a meeting by meeting basis on the future path of hikes. In the announcement accompanying the hike the central bank removed language…
The outlook for gold has been improving since the US10Y bond yield appeared to cap out around the 4.35% region at the end of October last year. The USD also gave up its September high high too last year adding…
The latest move by the Federal Reserve has affirmed that tackling inflation is the number one priority of the Federal Reserve, even if it means bringing the US into what’s called a ‘hard’ landing. A hard landing is when growth…
Last month I took a long on gold based on its strong seasonal pattern in my trading community. See how I managed it here in line with the Fed’s so called dovish pivot at the last FOMC meeting and the…
At the last Jackson Hole Symposium Jerome Powell expected inflation to be transitory. He also told participants that he saw little evidence of wage increases at the time that might threaten excessive inflation. It is reasonable to expect Jerome Powell…
The run higher in gold has been fuelled by the fall in real yields and the USD. These falls came after the last Fed meeting which saw the Fed move to a ‘meeting by meeting basis’ as the Fed recognised…
The reasons for gold’s upside since the last FOMC meeting has been the falling USD and Real yields which provides a good lift for gold. As longs as investors continue to hold the view that the Fed will not need…
The gold/silver ratio is a helpful tool for assessing when it may be better to be in gold or silver positions. Over the last few months the ratio has been steadily rising as it makes it way up to 100.…
