Events Impacting The Gold And Silver Price In The Week Of September 8th

Jon Blogosphere, Controlled Media, Economy, Gold, Market Commentary, Precious Metals, Silver

The primary focus of our website is to report on the different aspects of the gold market: fundamentals, economic and monetary analysis, basic technical analysis. Our view on the real price setting in the gold and silver market differs from the mainstream view. Price changes happen to coincide with events or announcements; mainstream media are used to report a relationship between both. However, we believe that the real price setting for the time being is taking place in the COMEX futures market. Market expert Ted Butler does an outstanding job analyzing the weekly evolution in the COMEX market and how it affects price setting.
In this article, we summarize the key events of the running week that could have an impact on the price of gold and silver price because of trading in COMEX futures.
During the previous week, between September 1st and 5th, a number of economic data and central bank announcements resulted in selling pressure in dollar denominated gold and silver:

This post was published at GoldSilverWorlds on September 8, 2014.