Gold futures had a big decline today as worries about a possible Fed rate hike in September continue to dominate the precious metal market.
Jobless data on Thursday August 18 also pointed to “full employment” as the Weekly Initial Unemployment Insurance Claims continued to come in well under 300,000 for the 76th straight week. This is now the best run since 1973 for the Weekly Initial Unemployment Insurance Claims and again points to the Fed possibly tightening sooner than December, which analysts had expected would be the next rate hike………..the rest of this gold price analysis and trade alert in GLD ETF is for members.
GLD ETF Trade Alert – Aug 19 2016
This GLD ETF trade alert is for FullyInformed Members who can login directly through this link or can sign in to the full members site here. Non-members can join here or read the benefits of being a member.
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