There is risk aversion in the market on Tuesday and was reported fired at a Russian warplane by the Turkish army. Reports said the Russian plane near the Syrian border when Turkish fighter planes fired at him. The Russian plane on its territory and ignored warnings to turn back Turkish officials said. However, Russia said the plane is not in Turkey when he was shot. NATO officials meet later Tuesday in Brussels to discuss the issue. Russian President Vladimir Putin said his country would respond to overthrow her plane.
They were pressured global stock markets and raised US Treasuries on the conflict between Turkey and Russia. He noted US stocks lower slots strongly today.
There was an important US economic report just now. The second estimate of gross domestic product in the third quarter. According to this figure in GDP of 2.1% compared to last estimates of 1.5%. The final reading of the correct line with market expectations, and had very little impact on the market.
Traders and investors are still waiting for the FOMC meeting mid-December, and expects the first US interest rate increase in nine years.
Other US economic data due out Tuesday weekly reports include Johnson Redbook and Goldman Sachs retail sales, the index S & P / Case-Shiller home price, and the Consumer Confidence Index, survey Business Richmond Fed. President Obama and French President Hollande will meet in Washington today to discuss joint efforts to combat terrorism.
Trading activity in the US markets is likely to shrink quickly with the progress of the week, due to the Thanksgiving holiday on Thursday.
Gold see some safe-haven demand for Turkey down Russian warplanes
Tuesday, November 24, 2015 08:43
(Kitco News) - News reports that Turkish planes shot down a Russian military plane trying to put in the gold market as a safe haven in US trading on Tuesday morning. Is featured short covering and bargain hunting after also rising gold prices recently it reached its lowest level in 5.5. It was last February Comex gold up $ 10.70 at $ 1,077.40 an ounce. The march Comex silver last up $ 0.104 at $ 14.165 an ounce.
There is risk aversion in the market on Tuesday and was reported fired at a Russian warplane by the Turkish army. Reports said the Russian plane near the Syrian border when Turkish fighter planes fired at him. The Russian plane on its territory and ignored warnings to turn back Turkish officials said. However, Russia said the plane is not in Turkey when he was shot. NATO officials meet later Tuesday in Brussels to discuss the issue. Russian President Vladimir Putin said his country would respond to overthrow her plane.
They were pressured global stock markets and raised US Treasuries on the conflict between Turkey and Russia. He noted US stocks lower slots strongly today.
There was an important US economic report just now. The second estimate of gross domestic product in the third quarter. According to this figure in GDP of 2.1% compared to last estimates of 1.5%. The final reading of the correct line with market expectations, and had very little impact on the market.
Traders and investors are still waiting for the FOMC meeting mid-December, and expects the first US interest rate increase in nine years.
Other US economic data due out Tuesday weekly reports include Johnson Redbook and Goldman Sachs retail sales, the index S & P / Case-Shiller home price, and the Consumer Confidence Index, survey Business Richmond Fed. President Obama and French President Hollande will meet in Washington today to discuss joint efforts to combat terrorism.
Trading activity in the US markets is likely to shrink quickly with the progress of the week, due to the Thanksgiving holiday on Thursday.
(Note: Follow me on Twitter - @ jimwyckoff - to break the news market).
Wyckoff daily risk assessment: 3.5 (the merchant is high and investor risk aversion in the market today after the Turkish army launched down a Russian warplane).
(Daily risk assessment Wyckoff is a way to quickly gauge the risk appetite of investors in the market of the world every day. Every day and assess the "risk-off" mentality dealer "risk on" or in the market with the numerical reading from 1 to 5.1 with being the least aversion Risk (most risk) and 5 being the (outside risk) most risk-averse.
Technically, gold bears still have the solid technical advantage in the near term. Price in a downtrend since five weeks on the daily chart bar. On the next near-term upside breakout objective rice bulls "is to produce a close above strong technical resistance at $ 1,100.00. Bears near-term downside price objective next outbreak of closing prices below solid technical support at $ 1,050.00. The first resistance is seen at the highest level overnight of $ 1,080.50 and then at $ 1,087.30. The first support at $ 1,070.00 and then at Monday's low of $ 1,065.40. Wyckoff's Market Rating: 1.5
Silver Bears have the solid technical advantage in the short term with the rise of the price of a six-year low Monday. Next upside breakout objective bulls' close December futures contract prices above solid technical resistance at $ 14.50 an ounce. Next price target to penetrate the downside for the bears closing prices below strong support at $ 13.50. And to the First resistance is seen at its highest level overnight of $ 14.265 and then at last week's high of $ 14.44. The next support is at its lowest level overnight of $ 14.05 and then at the lowest held on Monday of $ 13.89. Wyckoff's Market Rating: 1.5.