Home InfoVault Market Reports Extremely Volatile Week Draws To Close - Market Report For 10-17-2014 - ModernCoinMart (MCM)

Extremely Volatile Week Draws to Close - Market Report for 10-17-2014 - ModernCoinMart (MCM)

Extremely Volatile Week Draws to Close - Market Report for 10-17-2014 - ModernCoinMart (MCM)
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Posted: 10-17-2014 10:51:00 AM

For many the closing bell this week will be a welcome relief as extreme volatility in equities, bonds and energy products have all market participants wondering if we have seen the lows.

For many the closing bell this week will be a welcome relief as extreme volatility in equities, bonds and energy products have all market participants wondering if we have seen the lows. Growing concerns over the German economy as their bond yields continue to fall and uncertainty over the path Greece may take as one of their political parties again pushes for leaving the Eurozone likely means the rollercoaster ride will continue for global equities next week.

Precious metals have had their moments this week, but rallies continue to be sold by speculators and perhaps producers while dips have been supported by physical demand. Speculation has been growing all week as to what the Fed will do to calm the nerves of investors who fear the U.S. economy could be poised to follow the path of Germany. The run towards U.S.Treasuries mid-week drove the 10-year yield down to the mid-1.80s and speaks very loudly to FOMC voting members that they should consider delaying the tightening course for rates in 2015. Another sell-off in U.S. equities next week will likely bring about talk of QE4 to get ahead of the curve, if economic data continues to be weak. Fed Chair Yellen is giving a speech in Boston this afternoon which will be closely listened to for any policy hints that will impact all markets next week and beyond. With gold continuing to be the leader for our market, support runs from $1,225.00 down to $1,215.00 while resistance can be expected as we approach $1,250.00.

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About The Author

Roy Friedman

This editorial has been prepared by Roy Friedman of Dillon Gage Metals. This document is for information and thought-provoking purposes only and does not purport to predict or forecast actual results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein are current opinions as of the date appearing in this editorial only and are subject to change without notice. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used herein do not prove to be true, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. This information is provided with the understanding that with respect to the opinions provided herein, that you will make your own independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your own judgment, and that you are capable of understanding and assessing the merits of a course of action. You may not rely on the statements contained herein. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisors with respect to these areas. By posting this editorial, you acknowledge, understand and accept the foregoing.

This editorial is republished by MCM with permission from Dillon Gage Metals. It is not intended, nor should it be taken, as investment advice. No warranty as to the accuracy or validity of comments made within this editorial is expressed or implied by MCM or its staff. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals.

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