Tag Archives: August

Pending Home Sales Plunge In August Led By Collapse In West

Pending home sales plunged in August, dropping 1.8% MoM (almost four times worse than expected) to its lowest since Oct 2014 (and fell 2.5% YoY) – the fourth month of annual declines in a row… As Bloomberg notes, the decline, which was broad-based across all four regions, shows that higher mortgage rates, rising prices and a shortage of affordable homes ...

Read More »

Gold Face Plants On “Everything Is Awesome” August Jobs Report

The August Jobs Report has just been released, and everything is awesome in the economy! Silver is reacting better than gold right now. Here’s an update… The Bureau of Labor Statistics just released the August, 2018 Jobs Report. Recall the consensus estimates: Also recall the unofficial Presidential promoting of the economy from yesterday: Cosumer confidence highest in 18 years, Atlanta ...

Read More »

Gold Traders’ Report – August 31, 2018

Gold moved higher overnight in a range of $1198.70 – $1209.15. After ticking down to its low during early Asian hours, gold climbed higher against weakness in the dollar (DX from 94.77 – 94.54). The DX was pressured by strength in the yen (111.05 – 110.68, uptick in Japan’s Core CPI), the yuan (6.835 – 6.8245, stronger than expected Chinese ...

Read More »

Gold Traders’ Report – August 30, 2018

Gold traded slightly lower last night in a range of $1200.50 – $1208. After ticking up to its $1208 high early during Asian time, gold moved down to support in front of $1200 against a firming dollar (DX to 94.73). The DX was boosted by a decline in several emerging market currencies – in particular the Turkish lira (6.40 – ...

Read More »