Events Impacting The Gold And Silver Price In The Week Of September 29th

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

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 21st and 27th, both gold and silver remained somehow stable. There was no specific event driven price change.
Gold and silver are at a key juncture. Were these price levels to be violated to the downside, then the metals are breaking through a mega support level. gold stocks have been holding up relatively well up until a week ago but, unfortunately, have been weakening lately. Gold bulls would like to see two things going forward; first, current support levels need not to be violated and, second, gold stocks need to hold up well.
For the week commencing September 29th, there are some key economic data and the European Central Bank announcement that could impact markets and precious metals.

This post was published at GoldSilverWorlds on September 29, 2014.