Commodities Forex News & Analysis

Geo-Political Tensions Lend Support to Gold

by Dixon Fung War in the Middle East and tension in Ukraine are lending support to gold. The commodity is holding above the 50 percent Fibonacci support at $1295 amidst the global political tensions. Supports are at $1295 then $1260. Resistance is at $1360.

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Malaysia Flight 17 and the Decline of the West

The downing of Malaysia Flight 17 casts new light on just how inept and decadent the United States and Europe have become. Faced with Russia’s annexation of the Crimea and attempts to repeat in the Eastern Ukraine, the best Western Europe and the United States have mustered are strong words and token sanctions on top [...]

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Forecasts for the Weeks of July 21 and 28

Here are the forecasts for upcoming economic data.

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Yellen’s Denials about Inflation Will Curb Fed’s Independence

Testifying before Congress this week, Federal Reserve Chairwoman Yellen cherry picked data on inflation by noting prices are up, on a year-over-year basis, less than the Federal Reserve’s target of 2 percent.

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Up Next: A Double Whammy of High Unemployment and Inflation

The economy is recovering from a harsher than normal winter, but the pace of growth the balance of this year and next will not create nearly enough decent jobs for the millions unemployed and recent graduates working at venues like Starbucks.

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Gold Lower on Strong U.S. Equities

by Dixon Fung Gold fell over $30 today on strong U.S. equities markets. The commodity retreated from the recent high near $1340 to $1306 at the time of this article. In the mean time, Dow Jones rallied 111 points to close at 17055 today. Support for Gold is at $1295 which is the 50 percent [...]

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Washington Debauchery and the Fed Follies

Federal Reserve Chairwoman Yellen will testify to Congress Tuesday and Wednesday about the economy and future fed policy. We won’t learn much about either, because the Fed refuses to recognize the facts on the ground.

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Forecasts for the Weeks of July 14 and 21

Here are the forecasts for upcoming economic data.

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Stocks Have Plenty More Room to Rise

Stocks may be trading near record levels, but the bull market still has plenty of room to run. Changes in technology and the economy that permit businesses to use capital far more efficiently will likely drive equities much higher. In the industrial era, Henry Ford had a great idea-an inexpensive assembly line vehicle-but needed vast [...]

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Why Jobs Are Scarce, Wages Low and CD Rates Depressed

Americans keep hoping for a robust recovery-one that delivers better paying jobs and decent returns on retirement savings. Changes in technology and the economy may require that never happens, and government efforts to improve conditions often multiply the misery.

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