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Showing posts from August 1, 2014

My thought on Gold (XAU) /Silver (XAG)/ USD fundamental analysis 01 Aug 2014

My analyst for the week Gold XAU - side line Silver XAG - side line USD - ⇧  I had stopped writing(trading) since July as the news keep repeating itself, Iraq, Ukranie, Russia, ISIS. With all news outlet covering the news and the resulting USD drop and precious metal spike I felt that I had nothing much to add. But August is here, I guess its time for me to get off my lazy butt and start writing again. Mostly the world seem unchanged since June, slightly more stable but roughly the same. This seem to have push precious metal pricing down abit but dont get lure in... yet. Gold and silver might spike at anytime due to the conflicts in multiple countries. Better to be side line or have a very tight stop lost. USD got a boost from the recent GDP data(4% wow!) which suggest strongly that the USA market is recovering and that the 1st quarter GDP is weather affected. with the increasing inflation and the recovering employment market, there is rumor that Yellen would start to cons