Events Impacting The Gold And Silver Price In The Week Of September 15th

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 8th and 14th, a number of economic data resulted in selling pressure in dollar denominated gold and silver:
Germany CPI year on year (actual 0.8%, expected 0.8%, prior 0.8%) US initial jobless claims (actual 315k, expected 300k, prior 302k) The ‘interesting’ thing is that, although gold and silver prices have been lower over the week, the moves were not exaggerated and the gold stocks have been holding up relatively well, which points ‘contained weakness.’

This post was published at GoldSilverWorlds on September 15, 2014.