The Week Ahead: September 14, 2015 - Gainesville Coins News
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The Week Ahead: September 14, 2015

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The Week Ahead: September 14, 2015

Here’s the latest news you may have missed and what to look for in the coming week:

  • Goldman Sachs sees crude oil falling as low as $20 per barrel, more than a 50% drop from its current price levels.
  • A lightning strike that hits a crane at the Grand Mosque in Mecca, Saudi Arabia takes at least 107 lives and leaves 238 more injured.
  • The Shanghai Composite falls 2.67% overnight on Monday, its worst session in 3 weeks. Shares of smaller firms fell by as much as 7%. The authorities in China continue to blame "market manipulators."
  • The Federal Reserve Open Market Committee (FOMC) holds its monthly meeting on Wednesday and Thursday (September 16th-17th). Markets will closely watch whether or not the Fed raises its benchmark interest rate or leaves it at near-zero.
  • The second debate for the Republican Party's presidential nomination will be broadcast by CNN on Wednesday evening.
  • Exchange-traded products tied to gold surprisingly outpaced the falling stock market over August, weathering the downturn for precious metal prices otherwise. It seems the use of gold as a hedge cannot so simply be dismissed as a "pet rock" investment.
  • Australia's Liberal Party ousts its party leader, Tony Abbott, in favor of Malcolm Turnbull, who will be the country's new prime minister.

About the Author

Everett Millman

Everett Millman

Analyst, Commodities and Finance
Managing Editor

Everett has been the head content writer and market analyst at Gainesville Coins since 2013. He has a background in History and is deeply interested in how gold and silver have historically fit into the financial system.

In addition to blogging, Everett's work has been featured in CoinWeek, Advisor Perspectives, Wealth Management, Activist Post, and has been referenced by the Washington Post.

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