A month ago I speculated as to how low gold prices will go. I came to the uneasy conclusion that the $1100 region was a likely target for gold. A few days ago, Goldman Sachs came out and said that Gold could hit – get this – $1050 an ounce…
According to a recent poll, almost 67% of U.S. economists think the Federal Reserve will start to retreat from its huge bond-buying programme (or Quantitative Easing) in the final months of 2013. Nearly one third of those who expect the Fed to reduce bond purchases believe the bank will begin…
Here is a simple strategy for trading the FOMC Announcement. This is a great strategy if you are day trading the markets. First of all, what is the FOMC? Eight times per year a branch of the Federal Reserve Board, known as the FOMC (Federal Open Market Committee), meets to…
Europe is in a sticky mess and Europe’s leaders are about to make yet another mistake. The recent big story that dominated this week, was the threat of a downgrade of the credit ratings of 15 eurozone countries, including Germany and France. So what is going to be Europe’s response?…