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Monday, 02/08/2016 9:17:10 PM

Monday, February 08, 2016 9:17:10 PM

Post# of 652
Further gains for gold and silver look likely this week as Federal Reserve chairman Janet Yellen gives her semi-annual monetary policy testimony to Congress starting on Wednesday. She is expected to talk up the rising risks to their inflation outlook (which remains below their 2% target) as a result of market volatility tightening financial conditions.

This should further push back expectations of a rate hike until the second half of 2016 or early 2017. But until the economic data revs back up, oil prices stabilize and bond markets calm down, stocks are probably going to keep drifting lower
http://www.msn.com/en-us/money/markets/russell-2000-nasdaq-suffer-breakdown-as-eurozone-crisis-flares/ar-BBpgcLa?li=AA9ZWtY

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