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Paul Rejczak
Gold, Silver, Platinum, Palladium

The gold futures contract lost 0.83% on Friday, as it continued to trade within a consolidation along $1,950-2,000. The market retraced most of the recent decline from September 1 local high of $2,001.20 on Thursday, before going back below $1,950. Gold price is trading within an over month-long consolidation, as we can see on the daily chart:

Gold is 0.2% higher this morning, as it is trading within its Friday’s range. What about the other precious metals? Silver lost 1.59% on Friday and today it is 0.4% higher. Platinum lost 0.15% and today it is 1.2% higher. Palladium was unchanged on Friday and today it’s 0.1% lower. So precious metals are mixed this morning.

Friday’s Consumer Price Index release has been slightly higher than expected. Today we won’t get any important economic data releases and the financial markets will be waiting for Wednesday’s FOMC Statement release.

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

Monday, September 14

  • 10:00 p.m. China – Fixed Asset Investment ytd/y, Industrial Production y/y, Retail Sales y/y, Unemployment Rate

Tuesday, September 15

  • 5:00 a.m. Eurozone – German ZEW Economic Sentiment
  • 8:30 a.m. U.S. – Empire State Manufacturing Index, Import Prices m/m
  • 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate

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!

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

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Disclaimer

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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