Precious Metals Up Awaiting FED Announcement

Category: Market Reports
Author Name: Walter Pehowich
Posted: 04-27-2016 10:13:00 AM

The market continues to rise as we await the FED announcement. What changes are expected?

The FED ends their two-day meeting this afternoon with an announcement at 2pm Eastern.

No rate change is expected, so with that in mind, we see gold and silver in positive territory this morning. For sure, all eyes will be on the comments the FED shares, looking for any indication of when the next rate will be. As I indicated in my previous comments from the start of the year, I expect no rate hikes this year, bullish for the price of gold. As of the last FED meeting, Janet Yellen was calling for 2 rate hikes this year. Ms. Yellen indicated that they will be watching all the data from the U. S. and the rest of the world’s economies before making any decision on raising rates. In the absence of a rate hike today, we all turn to the next meeting in June.

Some financial advisors report physical silver continues to be an attractive investment for the retail investor as their choice over gold continues.

Gross domestic product for the first quarter to be released tomorrow at 8:30 am. GDP is expected to come in at up 0.7 percent. This would be the weakest result since the plus 0.6 percent reported in the first quarter last year. GDP is one of the primary indicators used to gauge the health of the U. S. economy.

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About The Author

Author Name: Walter Pehowich
This editorial has been prepared by 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.