Still Questioning Gold Price Manipulation?
In case you have missed it, here is some essential reading on the matter of gold price manipulation and where gold price should really be were it let ride freely!
Categories: Gold News Tags: gold price, gold price manipulation
Gold and Silver Prices Weekly Outlook for April 16-20
It’s was a good year so far for bullion traders as the prices of both gold and silver didn’t do much or well during passing months. Last week gold price started off strong but soon changed direction and decline and finished the week only slightly above its initial starting price for the week. Silver price has done even worst and declined on a weekly scale. The renewed fears and concerns in Europe and the possible slowdown in the U.S labor market may have been among the factors pulling gold and silver prices up during last week. This sentiment may continue this week as there are several U.S related reports including housing starts, Philly Fed and existing home sales. If these reports will be positive or better yet very positive then I speculate bullion prices will decline; alternatively if ECB President will talk of another LTRO or SMP, and if Germany will continue to show growth (on Tuesday German ZEW economic sentiment report and on Friday German Business Climate Survey) then the Euro may rally which will bring gold and silver prices up again. So which of these events will prevail in affecting bullion? When in doubt go with the U.S especially when it comes to gold and silver.
Here is a short overview and a forecast for the upcoming week of April 16th to 20th; this includes a short description of the main news items, public speeches, and events that may have affect precious metals prices during last week.
In this projection I use charts and a fundamental analysis to examine how the upcoming events and financial publications during the upcoming week may affect the daily percent changes of gold and silver prices.
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Gold and Silver Prices Finished the Week Falling –Recap April 13th
Precious metals prices changed direction and after they had sharply rose on Thursday, they have finished the week falling. Crude oil prices also changed direction and slipped. Natural gas prices (spot price) also declined while the future price remained flat. The Euro traded sharply down against the U.S. dollar, along with many other currencies including the Australian and Canadian dollar.
Here is a summary of the changes in precious metals and energy commodities for April 13th, 2012:
Precious Metals:
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