Western allies are still deciding what should be done about Syria, while a surprise jump in the US GDP helped to support Wall Street. Dow up 16. (Accessible only for subscribers before 10:15 AEST)
Jonathan Barratt of Barratt’s Bulletin believes findamentals are supportive of a stronger technical outlook for gold.
Markets reversed some of their knee-jerk Syria reaction last night but oil prices continue to rise on fear of escalation. Dow up 48. (Accessible only for subscribers before 10:15 AEST)
Indonesian ore export quotas change, European metals demand forms a base while gold, iron ore prices may be stabilising.
Wall Street shifted to a traditional war stance last night with stocks down and bonds, gold and oil up in a safe haven rush. Dow down 170. (Accessible only for subscribers before 10:15 AEST)
Wall Street fell sharply following a television appearance by the Secretary of State last night, while the US debt limit looms. Dow down 64. (Accessible only for subscribers before 10:15 AEST)
This week ATW’s Jerry Simmons examines US ten-year and thirty year bonds and suggests both charts are confirming bear markets.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
If gold does not press higher from here it is likely to go a lot lower, the charts tell the TechWizard.
Solid global economic data releases over the past 24 hours were well received by Wall Street, regardless of tapering concerns. Dow up 66. (Accessible only for subscribers before 10:15 AEST)