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The chief fundamental driver in the gold market today was the nuclear accords the West has almost signed with Iran. There is a subplot on the international military diplomacy stage, as well: China and Japan.

Flying in stealth formation with other facets of the FOMC minutes from October's meeting, appeared a few lines that should be at least intriguing to gold investors. They may sketch out Ben Bernanke's parting gift to the economy and perhaps to those who are hoping gold will price higher in the months to come.

Without any fresh news, we are left with some odds and ends on fundamentals.

The decision to taper the pace of asset buying will come when economic indicators say that the economy is clearly gaining momentum.
The President of the New York Federal Reserve is in the driver's seat today.

We are indeed entering the season of "No Fresh News." The holidays are notorious for it. Of course, we will have labor reports, and we will face the fed music in December regarding tapering.

In general, people around the globe slow down at this time of year. Yet there are tidbits we can pop into our brains and consider.

Regardless of the truth of the matter, the statistics say hat the labor force increased by 2000,000+ jobs in October. And the reaction in markets set gold and silver tumbling. Lurking within the statistics are some sobering facts, though.

We mull certain broad questions over so we can give you a carefully considered look at the big picture fundamentals in this section of our emails. 

The euro strengthened after the ECB's Peter Praet said negative rates and asset purchases remain an option, according to a Wall Street Journal article.