Gold Silver Reports — The U.S. Retirement Market is in BIG TROUBLE as annual benefits paid out are now larger than total contributions. Actually, the amount of net withdrawals were the highest in history. When payouts become larger than contributions… then we have the making of the typical PONZI SCHEME.
Gold Silver Reports — The US grew at a 2.1% pace in the fourth quarter of last year. Gross domestic product (GDP), came in a bit stronger than the previously reported 1.9% annual rate owing to higher spending on gasoline and travel-related services, the government said Thursday.Consumer spending was revised up to a 3.5% increase from 3%, largely accounting for the upward revision to fourth-quarter GDP.
Gold Silver Reports — Technically Gold market is under long liquidation as market has witnessed drop in open interest by 8.93% to settled at 3091 while prices down 145 rupees.
Gold Silver Reports — Technically Silver market is under fresh selling as market has witnessed gain in open interest by 0.23% to settled at 11658 while prices down -105 rupees, now Silver is getting support at 42092 and below same could see a test of 41902 level, And resistance is now likely to be seen at 42444, a move above could see prices testing 42534.
Gold Silver Reports — Gold is poised to rally to levels last seen four years ago as rising inflation and negative real interest rates combine to boost demand, according to Incrementum AG, which says that the precious metal may be in the early stages of a bull market.
Gold Silver Reports — The volume of petroleum import from OPEC countries averaged 3.445 million barrels per day as of 2016, as compared to average 2.894 million barrels per day in 2015, according to the Monthly Energy Review of the US Energy Information Administration (EIA). This accounts for a spurt of around 19%.
Gold Silver Reports — A continued spurt in Indian Rupee hurt the MCX Gold futures on a day when global prices were already in correction mode. COMEX Gold futures have slipped from their one month high amid strong US economic data and currently trade at $1255 per ounce, down 0.23% on the day. MCX Gold futures are trading at Rs 28690 per 10 grams, down 0.55% on the day. Prices have eased back after failing to break above Rs 29K levels.