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Can We Expect a Short-Term Rally in the Euro Index and Temporary Strength in Precious Metals?

From minyanville.com

The dog days of summer are upon us, leaving investors cooling off in the shade and waiting for a refreshing breeze of market-moving news. They are anticipating something important that will energize the gold price for an upward move -- perhaps another round of quantitative easing by the US Federal Reserve that could possibly be announced at the Fed’s Jackson Hole, Wyoming, annual gathering in late-August, or at the next meeting of the Fed’s Federal Open Market Committee in September. Several US economic reports released Wednesday failed to significantly impact the precious metals. At least two heavyweight investors ... (full story)

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