Good Morning,
This morning we had durable goods numbers come out its at 5.2% it was expected to be at 1.9%. Core Durable goods came out up 2.6% percent. The national home price index came out down 7.7%. Later this morning consumer confidence comes out at 10am EST.
The big thing to watch this week is gold. Sitting at 925 and oz. If the fed lowers rates another big percent gold could hit 950 to 975 and oz.
JP
Showing posts with label gold. Show all posts
Showing posts with label gold. Show all posts
Tuesday, January 29, 2008
Monday, January 21, 2008
Daily Fundamentals 1/21/2008
Good Morning
Its gonna be a pretty slow week on the news side of the market. But the big story this week is going to be gold. Gold is sitting at 868 an oz, that's down from 890-900 last week. Gold could drop way lower due to slower world economy. If I were you I'd wait for the pullback to buy gold. Watch your indicators and the news for a good movement indicator.
Have a good monday,
JP
Its gonna be a pretty slow week on the news side of the market. But the big story this week is going to be gold. Gold is sitting at 868 an oz, that's down from 890-900 last week. Gold could drop way lower due to slower world economy. If I were you I'd wait for the pullback to buy gold. Watch your indicators and the news for a good movement indicator.
Have a good monday,
JP
Wednesday, January 16, 2008
Daily Fundamentals 1/16/2008
Good Morning,
Gold is down 15 dollars from the open of yesterday. Oil is sitting at 90 dollars a barrel. Capacity utilization, core cpi and net long term transactions were all positive numbers this morning in the US session news. JP Morgan and Wells Fargo both announced negative profits this morning. Not too shocking.
JP
Gold is down 15 dollars from the open of yesterday. Oil is sitting at 90 dollars a barrel. Capacity utilization, core cpi and net long term transactions were all positive numbers this morning in the US session news. JP Morgan and Wells Fargo both announced negative profits this morning. Not too shocking.
JP
Monday, January 14, 2008
Daily Fundamentals 1/14/2008
Good Morning,
Not any US news coming out today. But, gold is at 908 an ounce. I don't really like predicting moves in any market. but, if the dollar keeps tanking and the fed doesn't get a hold on inflation we'll probably see 1000 dollar gold by summer. Oil is sitting at 93 dollars a barrel, I see oil dropping as demand gets lower due to the lack in consumer funds.
JP
Not any US news coming out today. But, gold is at 908 an ounce. I don't really like predicting moves in any market. but, if the dollar keeps tanking and the fed doesn't get a hold on inflation we'll probably see 1000 dollar gold by summer. Oil is sitting at 93 dollars a barrel, I see oil dropping as demand gets lower due to the lack in consumer funds.
JP
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