Gold Chart of The Week

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (October 14th through October 18th)

What can be said about the week that lies ahead? More of the same sounds about right. After Democrats and Republicans spent another full calendar week bickering and positioning, we seem to be no closer to a deal than we were in the prior week, and the threat of a default on debt continues to loom. Continue reading "Gold Chart of The Week"

Gold Chart of The Week

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (October 7th through October 11th)

Week two of the US Government Shutdown has officially begun and it appears that we are no closer to a resolution than we were when last weeks business concluded. Despite the fact that there are a few noteworthy economic figures and speeches being brought to the markets this week, all eyes will continue to follow news from Washington throughout the next five trading days.

In an effort to not bore readers with the same information that headlines every financial publication each day, I will spare you the details of the US Governments sophomoric behavior over the debt ceiling and suggest that traders should expect this debate to continue to weigh on the markets. If the last five years have taught us anything about the US Government and the big decisions and deadlines, we should probably expect some form of compromise in the eleventh hour on October 17th. While it is certainly a possibility that a resolution could be struck in advance of that date, I would not bet the farm on it. Continue reading "Gold Chart of The Week"

Gold Chart of The Week

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (Sept 30th through October 4th)

In the upcoming week, global markets have much to look forward to. In the United States, we will hear from multiple FED Members including Ben Bernanke and will also have to deal with the potential for a government shutdown in Washington. If that were not enough, Friday will bring the Non-Farm Payroll numbers that traders always look forward to. In Europe, the ECB will report their Interest Rate Decisions and we will also hear from the ECB President in a press conference that follows. The same decisions are expected this week in Australia and in Japan. Continue reading "Gold Chart of The Week"

Gold Chart of The Week

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (September 23rd through September 27th)

After the FED decided not to taper their Bond Purchase Program last week, global markets were given a nice boost, only to give most of the rally back by this morning. Now with only a few trading days left in the month, we will rely on a parade of FED Members that speak throughout the week to decide whether or not Wednesday was a one-day rally or not. We will also have to keep an eye on headlines as the debate in Washington continues, which threatens a government shutdown. Continue reading "Gold Chart of The Week"

Gold Chart of The Week

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (September 16th through September 20th)

Out of the fifty-two weeks each year, this upcoming week is one that I personally look forward to the most. Since the financial crisis several years ago, this week has been a standout year after year. There are several reason for all the hype, which I will share in the next few paragraphs.

First and obviously most important is the fact that the September FOMC Policy Statement is shared on Wednesday afternoon. We will hear about the FED’s decision on Interest Rates and whether or not they plan to taper their Bond Purchase Program (QE) from 85 Billion, or if they feel it is necessary to stay the course. Without having the ability to sit in this important meeting, traders will either begin speculating on the outcome before Wednesday afternoon, or they will keep the proverbial powder dry until after the announcement is made. Either way, I expect steady volume to return to the markets leading up to, and after Wednesdays disclosure. Continue reading "Gold Chart of The Week"