Silver Market Morning: Dec-16-2015
Snippet:
Fed day is here [once again?] and it is now all about the dollar’s exchange rate. We reiterate our oft stated fact that the U.S. can no longer afford a strong dollar if it is to keep its ‘moderate’ recovery intact. We do see dealers and speculators shifting the euro around the dollar to second guess what the Fed and later the market will do on that front.
Gold Today –The New York gold price closed at $1,060.90 down from $1,064.10 down from on Tuesday’s close. In Asia prices rose to $1,064.60 before London held it there, as the dollar index held at 98.20 the do
Wednesday, December 16th
First published here: Silver Market Morning: Dec-16-2015
