View full post on DailyFX – Technical Analysis
I have done a Fibonacci study of the SPX and wish to share it with you. · Minor Wave 1, which began at the June 24. 2013 low is 149.34 points in length. · Minor Wave 3 is 223.37 points in length and 1.4957 times the size of Wave 1. Let’s call it a Fibonacci […]
Bloomberg Television’s economics editor Michael McKee spoke with San Francisco Federal Reserve President John Williams in Jackson Hole, WY today, who said that very accommodative policy is what’s needed now. Williams said, "…it’s clear unemployment is too high and inflation is still too low and it calls for a very strong accommodative policy, and I […]
Gold extended its losing streak to five sessions Thursday and settled at a 2-month low as the U.S. dollar rallied to an 11-month high. Gold for December delivery declined $19.80, or 1.5%, to close...
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A research note from Haywood Securities suggests that Midas Gold's development and production schedule could see delays, but is positive on the company's metallurgical processing update.