Futures point to little-change at open


Stock index futures are marginally lower ahead of a sizable slate of economic data, including the ADP jobs report at 8:15 ET, ISM-services at 10, and the Fed Beige Book at 2.

Europe's Stoxx 50 is off 0.3% and Asia was moderately lower overnight.

The 10-year Treasury yield jumped all the way to 2.60% yesterday, but has retreated one basis point this morning to 2.59%, and gold is flat at $1,245 per ounce.

ETFs: GLD, IAU, SGOL, UGL, DGP, GLL, UGLD, DZZ, GLDI, DGL, DGZ, DGLD, AGOL, OUNZ, TBAR, UBG, GLDE, GYEN, GEUR, GLDS, GLDL, GGBP

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Comments (1)
  • james.
    , contributor
    Comments (1341) | Send Message
     
    The all-important speech given yesterday by FRB member Charles Evans, President of the influential FR Bank of Chicago, is very bullish for Gold & Silver prices as he clearly states that the FRB Fed Funds Rate will likely remain at its present 0.0% until early 2016 when the FRB Index of U.S. Inflation finally is "somewhat above 2%" . Therefore, the CPI Index of Inflation currently at 2.3% year-over-year can continue to rise unabated to 5% by Jan 2015 and to 8% by Jan 2016, as it will be driven by higher Fuel & Food costs created by the rise in Crude Oil above $150 due to the Ukraine cut-off in Natural Gas by Gazprom and by the California historic Drought! Therefore, Gold price will also continue to rise up along its current 3rd Leg Super Cycle to new all-time highs of $2700 per oz circa July 2015, with Silver simultaneously rising up to $54 per oz. After a small technical pullback, Gold & Silver prices will continue to make new all-time highs, according to the Video Interview made by http://www.kitco.com 10:08 a.m. PDT.a few weeks ago, when Bo stated Gold is in a 21 year Bull Market to 2021 when Gold price will reach $10,000 per oz. Look to it ! June 4, 2014 at
    4 Jun 2014, 01:09 PM Reply Like
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