Silver, Gold Price Prediction: Silver Tests Crucial Support, Gold Snaps Back

Precious metals saw notable runs over the previous week, with Silver and Gold hitting new 7-month and 3-month peaks. Gold met resistance near a crucial zone before pulling back, while Silver is trying to maintain support at the previous hurdle. This article analyzes chart formations and price action. Precious metals pulled back following last week’s … Read more

S&P 500 Might Need a Drop Before Another Rally – Details

Breaking beneath the $3937 low of this week would welcome a drop to $3795 before another rally to $4340 – $4470 could emerge. Meantime, the November rally appears complete. The S&P 500 reacted to Powell’s Wednesday remarks with an upside break to hit $4100 yesterday before plunging following better-than-anticipated Jobs data. That came after SPX … Read more

Dollar Tumbles, Stocks Soar, as Fed’s Powell Signaled Slowed Rate Hikes in December

Fed Chair Jerome Powel revealed a possible rate-hike pace slowdown. Powell’s speech saw stocks rallying as the dollar tanked. Fed to execute a 50 basis points rate increase in December. It was Fed Reserve’s Chair Jerome Powell to move the financial markets once again. The highly awaited Brookings Institution’s Wednesday speech saw Powell signaling that … Read more