Potential Catalysts for Gold
- Posted by Robert Sinn
- on July 21st, 2012
One doesn’t have to be a master technician to see the energy building in the gold chart as price coils near the center of the recent $1550-$1620 range:
So what are the potential catalysts that could decisively break gold out its recent range during the coming weeks?
- July 31st China manufacturing PMI
- August 1st FOMC announcement
- August 2nd ECB announcement and Draghi press conference
- August 3rd US July non-farm payrolls report
- August 7th China CPI, PPI, industrial production, and retail sales
- August 14th-15th US PPI & CPI
Not to mention the usual potential for eurozone meltdown fears, spiking bond yields (such as we saw with Spanish yields on Friday), and unplanned policy easing announcements from the usual suspects (ECB, Fed, PBOC, etc.) – what else am I missing on this list?
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Robert Sinn is a professional trader and market analyst who focuses on multiple asset classes including equities, futures, options and currencies. He integrates fundamental and technical analysis. More »