medication without prescription online

January 14th Early Week Silver Market Update

Gold and silver posted losses on Tuesday mostly thanks to a corrective pullback after last week and early this week's gains. Trading volumes were light in most regions of the world which translated into a mostly uneventful day. We are right in the middle of earning reports seasons which means that over the coming days and weeks many of the world's largest companies will be publishing their financial data from the 4th quarter of 2013.

At the present moment in time it seems as though US stocks are cooling off from their incredible run which began just before the end of last year. As investors move away from US stocks and more readily into other asset classes, gold and silver may be given a boost.

Light Economic Data, Muted Price Movements

There were no employment reports or anything of that nature to report about on Tuesday, but there was a healthy helping of earnings reports released. In all, the earnings reports for last year's 4th quarter were mostly positive and ended up giving stock markets in the US the slight boost they received today. Despite stock indexes pushing higher on the day, most investors are growing in confidence that the positive run of form exhibited by most US stocks is just about over. Even though stock markets in the US may be cooling down, a lot more needs to happen before gold and silver see any major, bullish runs.

After last week's disappointing employment report from this past December, investors across the world are worrying about the actual strength of the US economy. In reference to last week's non-farms data, the figures showed that only 74,000 non-farm payrolls were added in December; a number that flew right in the face of the 200,000 increase expected by the market. In the grand scheme of things, one bad economic report is not going to discredit what has now been months of positive economic performance by the US economy, but one can only be led to wonder whether or not the Fed's decision to taper QE was the right one or not.

In other news from around the world, EU industrial production was reported as being up by almost 2% from October to November of 2013. On an annual basis, EU industrial production is up by 3%, the best such reading in quite some time for a region that has just recently begun to show signs of economic improvement. It will be intriguing to see whether or not the EU can sustain positive economic performance over the coming months as its recovery from the 2008 recession is still relatively young when compared to the progress of other regions of the world.

Posted in Market Updates

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>