Tag Archive: turkey

It’ll Keep Going

Recent pieces of key economic data have not painted a rosy picture. ISM manufacturing and services data have both shown significant declines, and the global financial market is now getting increasingly worried about the prospects for a recession in the U.S. Markets are now pricing in another Fed rate cut this month, and the central bank could even allude to further cuts if the data does not rebound. Although the risks of recession do appear to be on the rise, the next major recession could... Continue Reading

Like a Fueling Rocket

The gold market has without a doubt had a disappointing summer to say the least. The market has yet to build upon any rallies, and eager short-sellers have pounced on the opportunity to sell any moves higher. Things may be about to change, however. The gold market is showing more signs of bottoming action, and although it is not yet clear if a bottom has been reached, the market could potentially see some fireworks in the weeks and months ahead. There is certainly no shortage... Continue Reading

Time to Take What You Can and Run?

Stocks are sharply lower in early trade on Wednesday, as concerns over Turkey and possible contagion risks continue to fuel risk aversion. Investors also remain concerned about the ongoing war over trade and the potential for further escalation. Recent stock market volatility and selling could very well be just the beginning-there could be significant more downside to come. Numerous warning signs are being seen, from current action in emerging markets to the copper market. Copper is often considered a barometer of overall economic activity, and... Continue Reading

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Bring on the Sellers!

The gold market has begun the new trading week on its back foot, as prices have slid below the psychologically important $1200 level. A lack of fresh, bullish catalysts combined with low summer trading volumes have given sellers a distinct advantage-for now. The dollar trade continues to be a thorn in the market’s side, with the greenback strengthening further as concerns over Turkey and potential contagion in the region increase. The Turkish Lira has been a major headliner in the financial media in recent days,... Continue Reading

Geopolitics Remain a Key Driver

Gold has gotten the week off to a strong start, moving sharply higher on Monday and seeing follow-through upside on Tuesday. The metal is likely seeing renewed buying interest as the geopolitical landscape continues to warrant risk aversion. The recent vote by Catalonia to secede from Spain is just one of several key issues that could potentially fuel risk aversion. Over the weekend, thousands of Spaniards protested the potential move, and it remains unclear if the region will in fact break away from the rest... Continue Reading