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Home>GoldWire>Gold Daily and Silver Weekly Charts - FOMC Meeting Day One

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Gold Daily and Silver Weekly Charts - FOMC Meeting Day One

IMG Auteur

Jesse

Le Cafe Americain

Published : March 19th, 2014

120 words - Reading time : less than a minute

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FOLLOW : Comex Fomc Gold Silver

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Category : GoldWire


	Today was the first day of the FOMC meeting. Tomorrow they will announce their latest reading of the entrails of the real economy at 2 PM EDT. It was 'risk on' all the way, as money moved into equities. And Treasuries as the yield fell. Surprisingly those two moved in concert, but on thin volumes. Pretty as a picture. Endless prosperity and no worries. Gold has now come back down to test the neckline. Let's see how we end the week. There will be a Comex option expiration next Tuesday for the more important April contract. We are getting closer to a real delivery month, at least in terms of the Comex which delivers relatively little. Have a pleasant evening.

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