The Market Gage – Possible Headlines & their Impact on Precious Metas

“The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals.

Precious metals continue to trade in tight range this morning as daily volume has been below average this week. Several factors may be contributing to this as our market and all others look for direction from a market moving economic or geo-political event. Among these possible “headlines” here are a few and the likely implication for gold and precious metals.

  • Improving U.S. data as witnessed by the recent employment report strengthens the USD and pressures our market.

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The Market Gage – Greek & Ukranian Headlines Sustain Gold

“The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals.

Precious metal prices have tried higher since trading resumed yesterday as escalating tension in the Ukraine and speed bumps being hit over Greece’s debt negotiations with the ECB and IMF have brought buyers to the gold and silver market. China released terrible economic data yesterday as their exports fell by 3.30 percent while imports plummeted by 19.90 percent as the economic health of the world’s second largest economy continues to show weakness and will weigh on the global economy. Gold and silver, while off the overnight highs, continue to trade in positive territory this morning and silver is above $17.00 which is a welcome sign while platinum and palladium were not able to hold the rally and are trading below Friday’s settlement levels.

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Market Insights – Precious Metals React to Jobs Reports

“The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals.

The roller coaster of better than expected and weaker than expected U.S. economic data continued earlier this morning with a stronger than expected Non-Farm Payroll report. Employers created 257,000 new jobs in January which was slightly above consensus economic estimates, but the market moving news was the Labor department report revealing that 147,000 new jobs were created in November and December above and beyond what had been reported which made both of those monthly figures very impressive.

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Market Insights – Greek Interviews Put Gold Under Pressure

“The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals.

Gold was under pressure yesterday as the Greek Finance Minister said in several interviews that his country was committed to repaying all of their debt to the ECB and IMF. The rest of the complex was steady to higher, as better than expected U.S. auto sales for January were attributed to the recent decline in interest rates. The strong performance in U.S. equities yesterday showed just how fast investors and traders are moving from one market to another, as bonds and gold declined sharply while crude has broken above $50.00. Gold and silver have given back much of their 2015 gains over the last week and are now trading in the middle of their recent ranges.
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The Market Gage – Precious Metals Mixed This Morning

“The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals.

Following the big sell-off on Thursday and respectable recovery on Friday, precious metals were weighed down in overnight trading as China released their weakest PMI data in over two years. This morning finds our market mixed with gold and platinum lower while silver and palladium trade higher versus their closes on Friday. After the big moves on Thursday and Friday, with silver falling over 6 percent on Thursday, the gold silver ratio has moved back up and approaches 74.00. Last week’s FOMC statement was a bit more hawkish than expected. The phrase that I think unnerved the markets was their belief that the economy was expanding “at a solid pace” as an interest rate hike at mid-year again seems like a possibility.

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Digital Metals Launches Spots in a Box™

Simple Converter Box Delivers Real-Time Precious Metals Spot Pricing Directly to Businesses and Customers  

Digital Metals, a division of Dillon Gage Metals, announces its most recent product, Spots in a Box™, which delivers real-time precious metals spot pricing to audiences anywhere at any time. spots in a box The customizable data streams from Dillon Gage’s platform via the internet through a small electronic device that you connect to your in-store digital screen, providing real-time and historical pricing for gold, silver, platinum and palladium.

Spots in a Box can be used in a variety of business settings and customized for particular audiences. Primary target markets include precious metals showrooms, trading offices, brokerage firms, investment advisors and even trade show floors.

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The Market Gage – Stock Sell Off Boosts Precious Metals

“The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals.

Precious metals found a good wind in its sails yesterday as the U.S. stock market sold off sharply recording the largest daily loss in three months. As several companies have missed their earnings targets, the strengthening USD has many of these international companies lowering their guidance for 2015 which could add to equities being sold and money rotating back into precious metals.
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The Market Gage – Greece Dominates Headlines

“The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals.

The news of out of Greece was somewhat expected as the Syriza Party won a decisive victory although they fell two seats short of winning a majority. As they look to form alliances within the government to secure a majority block, the likelihood is that confrontations will arise sooner rather than later within the EU as Greece looks to address their debt load and renegotiate their bonds. The success of the Greek leaders to deal with their debt problems will also lay the foundation for other debt ridden EU members and could seriously threaten the Euro currency as we currently know it.
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The Market Gage – Friday Volume Unusually Light So Far

“The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals.

The European Central Bank’s announcement yesterday of a bigger than expected QE program was a welcome surprise for equity and bond traders as both saw broad-based buying globally. As would be expected, the USD rallied sharply with the Euro / USD falling over 3 cents as it trades below 1.12. While gold is showing signs of struggling with its continuing pivots around $1,300.00, it has rallied sharply in Euro terms as well as other currencies.
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The Market Gage – Gold and Silver Continue to Soar Overnite

“The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals.

Gold and silver continued their impressive run overnight as gold broke above $1,300.00 for the first time since August while silver flirted with $18.50. Silver has really been the star of 2015 for precious metals traders as it has gained almost 20 percent this year and the gold silver ratio has dropped to just above 70 after being above 80 not too long ago. Tomorrow is the E.C.B. policy meeting; the buying we have seen in Europe today is likely on the back of expectations from European investors who feel the Euro currency will continue weakening as a bond buying QE program is expected to be announced tomorrow.

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