GOLD is no longer very important. It doesn't back money. We don't use it in industry as it has been mostly replaced by silver alloys in electronics. We don't use in dentistry unless your a rapper. It is a deminishing item. Jewellery is its main use. ...

Prepare for gold prices to plunge...as low as $350

we are right where we were just before the report it was market movers just taking the profits fron the day before

Worker Pay in U.S. Rises 0.2%, Smallest Gain Since 1982

this caused a move that most think is all about Market movers taking profit at the end of the week and month. It will retrace right back down. it already has lost about 1/3 of the rise it caused.

Why Everyone Should Pay Attention to This Week's Report on the Employment Cost Index

We need to be careful to not place long term strategy and plans based on this report. the ECI is a little uncharted in this powerful of a move. Most people have never paid attention to this report but We have already pulled back about a third of the ...

USDCHF Testing Bullish Trend Line after ECI Bombshell

Gold is going to 750 to 800 just wait a little. USD strength will pull it down . What is gold really worth. Very little is used in teeth any more, alloys have mostly replaced it in electronics, currency is not backed by it. It wont power your ...

Consumer Sentiment in U.S. Fell in July on Weaker Expectations

Wont matter much after the rise this AM. It should pull bake a lot of the pairs gains before market close today. A lot of the rise was week and month end and MM's taking profits from the last 2 days movement. We are now at a place where most ...

July Chicago Business Barometer Up 5.3 Points to 54.7

Don't exaggerate this Jump This move has little or nothing to do and I mean nothing to do with data release other than the timing...this is end of week and end of month positioning and profit taking by MM's.

Fed's 'nearly balanced' language no bar to September rate rise

Don't exaggerate this Jump This move has little or nothing to do with data release other than the timing...this is end of week and end of month positioning and profit taking by MM's. It appears 1.1100 is holding us and the market has no report in ...

Worker Pay in U.S. Rises 0.2%, Smallest Gain Since 1982

Was a bad hit but watch the drop,, We have already dropped 40 % from the peak. this is great place to put in a sell but I would wait for the next reports (CPI) this morn first Anaylst's say this was the biggest move this report has ever caused,,, ...

Worker Pay in U.S. Rises 0.2%, Smallest Gain Since 1982

MONETARY POLICY DIVERGENCE WILL RULE any one trading large (funds, banks, ect) is in and will remain in sell trades in EUR/USD. the divergence between the feds direction and the ECB has no choice but to cause a dowcurrent policy is nward direction, ...

What To Expect From FOMC? - Views From 20 Major Banks

If I were you all I would look back at a writer like Yohay Elam from ForexCrunch and look at his record before you sit there and make snide remarks. He predicted the move from 1.4000 down ( before anyone ) and he has had a very high level of success ...

EUR/USD Forecast July 27-31

gold goes down for a while

Fed takes tough stance on bond liquidity, downplays market fears

this will not likely hold up here

US industrial production rose less than expected in benchmark revisions

gold is going to 750 wait a little. USD strength will pull it down . Lets be real, what is gold really worth. Very little is used in teeth any more, alloys have mostly replaced it in electronics, currency is not backed by it. It wont power your ...

Gold Leads Commodities ‘Mess’ That Has Many Investors Smarting

I teach a few thousand students online and every week I have them read this forecast and we talk about what he got right at the end of the week . Even when he gets it wrong it happens the next week. He looks at the big picture!!! If you read this ...

EUR/USD Forecast July 20-24

Tell that to the people who, paid $1800 and can't get $1100 now after spread

Gold hits 5-year low as bets mount on Fed hike

I am a professional trader and have been reading this guy for a while. He gets it right more than not because he takes into account macro picture economics. He understands the big picture. Yohay Elam is no rookie and what he tells you is about the ...

EUR/USD Forecast July 20-24

Lets be real, what is gold really worth. Very little is used in teeth any more, alloys have mostly replaced it in electronics, currency is not backed by it. It wont power your car.and you cant eat it. ? Preppers have it right and they don't stock it ...

Gold hits 5-year low as bets mount on Fed hike