East Main Jewelry & Check Cashing - CT Gold Buyer. Paying top dollar for gold over 25 years

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Trump makes Gold UUUGE!
Fed will likely raise rates! How will Gold fair?
U.S. Data weak + employment number= Higher Gold $$$
FED rate hike by end of the year? Gold will plummet...
GOLD doesnt believe FED , Gold goes higher anyway.


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Trump makes Gold UUUGE!

He is so unpredictable we never know whats he is going to say next and Investors are so jumpy they hinge on every tweet he makes. Hence the "Trump Bump". Eventually this static investing will become counter productive and investors will seek out a stable place to invest. That's where gold comes into play. In November we saw a spike as gold climbed almost to $1300 an ounce and now his "phenomenal" financial strategy is about to be unveiled it on the rise again. This is going to be a great year to buy low and sell high.

Fed will likely raise rates! How will Gold fair?

Oh yes It's very likely the Fed will raise interest rates on December 15th when they meet and yes gold will take a tremendous hit on that day. However the economy isn't doing all that great still and we feel gold will not dip below the tentative $1000 mark for long in fact after the smoke clears we expect a slow increase as we head into the new year. Investors are very sensitive global events and tend to have a knee jerk reaction when it comes to gold. I would head on down here To East Main Jewelry and ride this wave before the big fall.

U.S. Data weak + employment number= Higher Gold $$$


FED rate hike by end of the year? Gold will plummet...

Is a rate hike before years end inevitable? Not necessarily. As the US economy gains momentum, oil prices stay low, and inflation keeps at modest increases it would seem likely. However the upcoming election does play a factor in staying the FED's decision. I would expect a slight rise and fall in Gold prices at this time but nothing drastic and by years end all bets are off I expect gold to hover around $900-$1000 per ounce with a FED interest rate hike.

GOLD doesnt believe FED , Gold goes higher anyway.

Gold Market Doesn't Believe Fed Optimism - Analysts
By Neils Christensen of Kitco News
Thursday July 28, 2016 10:43
(Kitco News) -Although the U.S. Federal Reserve left the door open for a potential interest rate hike in September, according to analysts, markets don't believe the renewed optimism as gold is higher and both the U.S. dollar index and bond yields lower on the day.Gold prices are down from their earlier session highs but are still holding onto gains after the Fed left interest rates unchanged Wednesday but had a slightly more upbeat tone, saying, "Near-term risks to the economic outlook have diminished.

Four winners of the Brexit...


NINE! NINE! NINE!German 10 year bond negative territory!

First time in history German 10 year bond yield dips into negative territory 0% interest rates!!! Illustrating yet again the fragile global economy. The timing couldnt be better on the first day of Fed meetings. Fed officials will defintatly take this news to heart and I dare to venture they will skip a rate hike this time around. Expect higher and sustainable gold prices in the coming weeks.

Gold Surges Following Downbeat U.S. Jobs Report

Gold Surges Following Downbeat U.S. Jobs Report http://www.kitco.com/news/2016-06-03/Gold-Surges-Following-Downbeat-U-S-Jobs-Report.html#.V1W99XYkzMk.twitter

Watch for potential government shut down OCTOBER

October 1st seems to be the date for a potential government shutdown. Expect markets to be rattled and metals to skyrocket. 
John Boehner hangs up being speaker of the house ?
Thats weird timing or does he know whats coming?


Gold pop then drop as FED makes decision.

This week for 9/16-9/17 the FED is in session to finalize the decision of raising interest rates. They haven't raised rates since 2006. If they do raise rates it will be great for the consumer and the stock investor because historically a rate hike proves to strengthen the dollar and show marked gains in stock returns.

 However this is not so great for those of you looking to cash in your precious metals. This week will show high gold prices but when and if the Fed raises interest rates you can see a drop in gold prices and an eventual stabilization for the coming year.
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