-
Gold and Silver Outlook for June 24-28
During last week, gold and silver tumbled down. The FOMC kept policy unchanged but in the press conference that followed the statement, Bernanke stated the Fed may taper QE3 by end of 2013. This was enough to pull down gold and silver and the US dollar up. On Thursday, it was also reported that China’s credit squeeze, in which Chinese banks have lowered their lending volume, may have also pressured down the markets. Moreover China’s flash manufacturing PMI slipped in June. In other news: Jobless claims rose by 18k to reach 354k. Will gold and silver bounce back this week? Here is a short outlook for June 24th to ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jun 23, 2013 10:29pm Jun 23, 2013 10:29pm
-
sonicdeejay
- | Commercial Member | Joined Mar 2008 | 155 Comments
- Comment #2
- Quote
- Jun 24, 2013 1:49am Jun 24, 2013 1:49am
- Guest
- | IP XXX.XXX.109.237
- Comment #3
- Quote
- Jun 24, 2013 4:19am Jun 24, 2013 4:19am
- Guest
- | IP XXX.XXX.0.230
- Comment #4
- Quote
- Jun 26, 2013 10:19am Jun 26, 2013 10:19am
- GreyWhale
- | Joined Oct 2012 | Status: Member | 1 Comment