Our existing positions are generating enormous profits-
Please, note-We are still holding our short position both in gold (entered at $1530) and silver (entered at $19) as we could witness the very severe breakdown within the precious metal sector in the upcoming days and months which would ultimately make our positions more profitable..we are warning you from months however if you would still like to enter short, silver is providing a good entry-level at the moment to enter short which is still valid.
Update-In order to secure our profit We have moved our stop loss in Gold at $1503 and In silver at $18.(New report will be published soon)
As we are publishing this research report Gold is trading at $1456 per ounce however silver is hanging around $17 per ounce. Past FOMC minutes releases made significant volatility with in the market however Today We haven't seen a noticeable change in Gold and silver prices Following the FOMC minutes. There are positive news coming out for the Gold bulls which includes comments from President Trump Tuesday, when he said the U.S. could slap more trade tariffs on China.we can't confirm however some reports are emerging out of China where they demand to lift all of the tariffs put on by the U.S administration otherwise no trade deal will be finalized .U.S. housing data from October has also been released where we have seen Disappointing U.S. housing starts data which rose at 3.8% to a seasonally adjusted annual rate of 1.314 million units and building permits data, was up 5.0% at 1.461 million. one needs to keep in mind that building permits data, is a precursor to future projects and much crucial to look at compared to Housing starts data as it Showed us the amount of application filed by the wanted buyer. Each application does cost $1,085 and I am sure you won't deny that no one will risk that amount of money if they have concerns regarding the future of the economy. The easing of the monetary policy has been done again by the People’s Bank of China where they reduced there one-year-loan prime rate to 4.15% from 4.2%.
The gold commercial COT report slightly improved but is still significantly bearish. The silver commercial COT is also leaning towards the bearish bias. Silver is currently trading at around $17 and there is strong support resides at $16.20 but a break below the mentioned level especially the $16 could drag the prices much lower. The white metal needs to break above $17.50 in order to be somewhat in a strong and bullish position however we believe that silver is providing a great opportunity at the moment to enter short.we are anticipating a major breakdown in silver prices.
Summary: We are witnessing sideways movement In the Gold and silver prices over the past week. Technical chart and Economic indicators are giving a mixed picture however leaning more towards the bearish camp but we are taking caution as we haven't seen a breakdown within the precious metal sector even when Major U.S stock indices are making all-time highs every day along with the building permits beating expectations. We still believe that a major breakdown within the precious metal sector is yet to be seen however In order to secure our profit We have moved our stop loss in Gold at $1503 and In silver at $18.
Update-In order to secure our profit We have moved our stop loss in Gold at $1503 and In silver at $18.(New report will be published soon)
As we are publishing this research report Gold is trading at $1456 per ounce however silver is hanging around $17 per ounce. Past FOMC minutes releases made significant volatility with in the market however Today We haven't seen a noticeable change in Gold and silver prices Following the FOMC minutes. There are positive news coming out for the Gold bulls which includes comments from President Trump Tuesday, when he said the U.S. could slap more trade tariffs on China.we can't confirm however some reports are emerging out of China where they demand to lift all of the tariffs put on by the U.S administration otherwise no trade deal will be finalized .U.S. housing data from October has also been released where we have seen Disappointing U.S. housing starts data which rose at 3.8% to a seasonally adjusted annual rate of 1.314 million units and building permits data, was up 5.0% at 1.461 million. one needs to keep in mind that building permits data, is a precursor to future projects and much crucial to look at compared to Housing starts data as it Showed us the amount of application filed by the wanted buyer. Each application does cost $1,085 and I am sure you won't deny that no one will risk that amount of money if they have concerns regarding the future of the economy. The easing of the monetary policy has been done again by the People’s Bank of China where they reduced there one-year-loan prime rate to 4.15% from 4.2%.
The gold commercial COT report slightly improved but is still significantly bearish. The silver commercial COT is also leaning towards the bearish bias. Silver is currently trading at around $17 and there is strong support resides at $16.20 but a break below the mentioned level especially the $16 could drag the prices much lower. The white metal needs to break above $17.50 in order to be somewhat in a strong and bullish position however we believe that silver is providing a great opportunity at the moment to enter short.we are anticipating a major breakdown in silver prices.
Summary: We are witnessing sideways movement In the Gold and silver prices over the past week. Technical chart and Economic indicators are giving a mixed picture however leaning more towards the bearish camp but we are taking caution as we haven't seen a breakdown within the precious metal sector even when Major U.S stock indices are making all-time highs every day along with the building permits beating expectations. We still believe that a major breakdown within the precious metal sector is yet to be seen however In order to secure our profit We have moved our stop loss in Gold at $1503 and In silver at $18.
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