Uncertainty on future FOMC interest-rate hikes, with a strong bias of at least another quarter-point increase at the next meeting, gave the U.S. dollar a lift after the FOMC decision Tuesday afternoon.
More Quotes from Peter Spina:
News that the German government has deserted plans to invest proceeds from gold sales into a special fund assigned for research and education has given a boost to a weak gold market.Peter Spina
The buying over the last two days in gold has been in Asia, with the Europeans and Americans acting a bit nervous.
Peter Spina
Silver stocks are powering ahead ... taking the HUI above the 315-316 resistance to all-time record highs.
Peter Spina
We are undergoing a healthy bull market consolidation, with the likelihood there may be more pain to the downside.
Peter Spina
Silver is taking center stage ... with the news of Barclays' silver ETF a step closer to possible approval. We have some gold investors moving into the silver market.
Peter Spina
As is so often the case in the precious metals, corrections tend to be vicious and quick. With the major move higher over the past several sessions, the gold market is working off some of the excesses.
Peter Spina
Readers Who Like This Quotation Also Like:
Based on Topics: Future Quotes, Uncertainty QuotesBased on Keywords: quarter-point
Refurbishing I've done in the first three years and I'm still giving housing money, of course, to the north.
John Prescott
It seems like all the good looking people have smaller dogs these days. Especially for the women, because they always come in with their little Chihuahuas and the guys come in with their Golden Retrievers.
Elizabeth Perkins
I had passed through the entire British education system studying literature, culminating in three years of reading English at Oxford, and they'd never told me about something as basic as the importance of point of view in fiction!
Philip Pullman