Gold and silver consolidating after retreat More “restrictive” comments from Federal Open Market Committee (FOMC) members Rather than buying on dips, gold is now running into selling into any short-term rally. This is partly self-fulfilling as the technical constructions have become increasingly negative, with the 10-day moving average crossing below the 20-day and gold is […]
Coininvest round-up Monday 6th February 2023
Strong U.S. labour figures throw gold into reverse. Once again it was all eyes on the United States in the gold and silver markets last week. The Federal Open Market Committee (FOMC) meeting concluded on Wednesday with a 25-point hike in the fed funds target rate, to 4.50-4.75%. This was much as expected, but what […]
Coininvest round-up Monday 9th January 2023
Wishing all our readers a very Happy, safe, and prosperous New Year Happy New Year! Since our most recent note, before Christmas, gold has moved up a gear and silver appear to be consolidating in its new higher range, which it established in the first half of December. As we write gold is assaulting $1,875, […]
Coininvest round-up Tuesday 29th November 2022
Since we last wrote a fortnight ago, the dollar has remained largely on the back foot with the Minutes of the Federal open Market Committee (FOMC) implying that the December hike will be 50 basis points, compared with the most recent hikes of 75 basis points. While that is less aggressive than previously, what is […]
Coininvest round-up Monday 7th November 2022; slight confusion over Fed messages
Background We noted last week that disappointing US economic numbers had raised talk of a Fed pivot sooner rather than later and that the markets had reacted accordingly. The initial reaction to the Fed statement on Wednesday last week, following the Committee’s two-day meeting, saw gold spike higher and the dollar drop sharply, as it […]
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