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Paul Rejczak

The gold futures contract has accelerated its long-term uptrend on Tuesday following the recent short-term consolidation along $2,000 mark. The market reached new record high at the level of $2,037.70 yesterday and it closed 1.75% above Monday’s closing price. Gold price remains the highest in history following U.S. dollar sell-off, among other factors.

Gold is 1.0% higher this morning, as the market is further extending the uptrend following breaking above $2,000. What about the other precious metals? Silver rallied 6.60% on Tuesday and today it is 3.2% higher. Platinum gained 2.59% and today it is 2.1% higher. Palladium gained 1.45% yesterday and today it’s 1.6% higher. So precious metals are further extending their uptrend this morning.

Yesterday’s Factory Orders release has been better than expected at +6.2%. Today we will get the ADP Non-Farm Employment Change release at 8:15 a.m. We will also get the ISM Non-Manufacturing PMI at 10:00 a.m. And the markets will be waiting for the important monthly jobs data release on Friday.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Wednesday, August 5

  • 8:00 a.m. Japan – BOJ Governor Kuroda Speech
  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 8:30 a.m. U.S. – Trade Balance
  • 9:45 a.m. U.S. – Final Services PMI
  • 10:00 a.m. U.S. – ISM Non-Manufacturing PMI
  • 5:00 p.m. U.S. – FOMC Member Mester Speech

Thursday, August 6

  • 7:30 a.m. U.S. – Challenger Job Cuts y/y
  • 8:30 a.m. U.S. – Unemployment Claims
  • 10:00 a.m. U.S. – FOMC Member Kaplan Speech
  • 9:30 p.m. Australia – RBA Monetary Policy Statement
  • Tentative, China – Trade Balance, USD-Denominated Trade Balance

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

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All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.


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