Archive for March, 2014

Weekly Trends: March 29, 2014

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It was a fairly quiet week for precious metals. After closing at $1,336 last Friday, gold finished this week down 3.2% and closed at $1,293.80. Silver closed at $19.79, down 2.6% on the week. Gold exchange-traded products continue to experience net inflows with 9.6 metric tons added so far in March. Physical demand is expected to be strong on any further ...

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Weekly Trends: March 22, 2014

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This week the metals suffered a case of buy the rumour, sell the news as the metals wavered in the face of the Crimea vote and the U.S. federal reserve tapering decision. Several new palladium ETFs launched on Friday, giving the metal a nice push up to $800 per ounce. Palladium has been quite range bounce for over a year, ...

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Weekly Trends: March 15, 2014

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The precious metals got a nice lift this week as all the metals pushed to new 2014 highs. After basing in the mid $1,300s, gold pushed hard this week climbing above $1,385 and closing at $1,378. Impressively, the GLD has had several weeks of positive flow, meaning more money is entering the fund then exiting. This corresponds nicely to the ...

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Weekly Trends: March 8, 2014

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The precious metals had a seesaw week as gold, platinum, and palladium pushed higher on Russia-Ukraine tensions and worker strikes in South Africa. Gold tried several times to break through the $1350-$1355 zone, but failed after U.S. employment numbers came in better than expected. Platinum and Palladium pushed higher throughout the week on speculation of lost metal production due to ...

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Market Intelligence: March 2014

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IMPORTANT DATES:

March 3: China Non-manufacturing PMI, United States ISM Manufacturing PMI
March 5: Eurozone Q4 and annual GDP, Bank of Canada interest rate and monetary policy statement
March 7: United States Non-Farm Payrolls and Unemployment rate
March 9: China CPI
March 11: Bank of Japan interest rate and monetary policy decision
March 13: United States Retail Sales
March 17: Eurozone ...

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