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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (9790)	10/20/2014 10:11:17 AM
From: Goose94	Read Replies (1) \| Respond to of 203803

Gold: Technical momentum building. Gold prices are moderately higher and hovering near a five-week high in early U.S. trading Monday, boosted by more safe-haven demand and bargain hunting. Traders and investors are still a bit nervous following last week’s volatility and uncertainty. The near-term chart posture for gold also continues to improve. December Comex gold was last up $6.70 at $1,245.40 an ounce. Spot gold was last quoted up $7.00 at $1,245.75. December Comex silver last traded up $0.079 at $17.41 an ounce.The market place is relatively calmer to start the new trading week, after a weekend that saw no significant events to further stoke trader and investor worries. U.S. stock indexes are slightly lower following a downbeat earnings report just released by IBM. U.S. Treasury prices are modestly lower, to suggest just a bit more risk appetite is presently in the market place. Crude oil and the U.S. dollar index prices are near steady in early trading Monday. Crude oil is hovering near the two-year low scored last week, while the dollar index is not far below its recent four-year high. Traders and investors will continue to closely monitor these two key “outside markets,” which have a daily impact on many other markets. In overnight news, reports said the central banks of Japan, China and the European Union have all began conducting some forms of monetary policy easing, albeit not aggressive moves. This comes at a time when the U.S. Federal Reserve is planning to wind down its own quantitative easing this month. There are growing notions the U.S. Fed may have to back-track on its quest to end its aggressive monetary policy stimulus. U.S. economic data released in the next few weeks will help determine which monetary policy path the Fed will take. There is no major U.S. economic data due for release Monday.