TRADING ONLY GOLD AND SILVER FROM OVER A DECADE SUGGESTING US?
PREVIOUS VALID COMMENTS
Before starting our daily report we would like to inform you that right now three positions are currently active in our portfolio including yesterday's silver trade where we entered a short position at $15.50 and two positing for the yellow metal one for the short term and other for the long term. Gold and silver prices are trading lower today as we have seen a firmer DXY on this day which helped to put pressure on P.Ms .There is no doubt that market participants are worried about slowing global economic growth especially after The 10-year U.S. Treasury yield fell further, having fallen below the yield for three-month bills on Friday for the first time since 2007, inverting the yield curve. An inversion is widely seen as indicating an economic recession.we have also witnessed German government auctioned it's 10-year note today and the reported yield was -0.05%, we saw the first negative yield by German government bunds since 2016. However, it's also important to keep in mind that Yield curve inversion isn't the best sign of a looming recession because while inversion is an indication of troubled credit markets, it isn't a timing tool. Stocks can rise-and the economy grow-for many months while the curve is inverted.
At the time of publishing this report gold is trading at $1287 per ounce while the white metal is hovering around 15.100.Strong U.S equity market and higher DXY have put some pressure on P.Ms.China strong manufacturing data helped Asian and European stock indexes to move higher on this day.China PMI came in at 50.5 in march which is slightly higher than the previous PMI report.we have also witnessed how quickly market participants and analyst change there perception regarding inflation and crashes.In feb The euro jone jobless report came in at 7.8% which was not surprising as it was in line with the market expecation however when eurozone consumer price index came in at up 1.4% YOY compared to 1.5% in feb many analysyt warned investors about the possible high inflation.Those ideas have all but disappeared now.
Before starting our daily report we would like to inform you that right now three positions are currently active in our portfolio including yesterday's silver trade where we entered a short position at $15.50 and two positing for the yellow metal one for the short term and other for the long term. Gold and silver prices are trading lower today as we have seen a firmer DXY on this day which helped to put pressure on P.Ms .There is no doubt that market participants are worried about slowing global economic growth especially after The 10-year U.S. Treasury yield fell further, having fallen below the yield for three-month bills on Friday for the first time since 2007, inverting the yield curve. An inversion is widely seen as indicating an economic recession.we have also witnessed German government auctioned it's 10-year note today and the reported yield was -0.05%, we saw the first negative yield by German government bunds since 2016. However, it's also important to keep in mind that Yield curve inversion isn't the best sign of a looming recession because while inversion is an indication of troubled credit markets, it isn't a timing tool. Stocks can rise-and the economy grow-for many months while the curve is inverted.
At the time of publishing this report gold is trading at $1287 per ounce while the white metal is hovering around 15.100.Strong U.S equity market and higher DXY have put some pressure on P.Ms.China strong manufacturing data helped Asian and European stock indexes to move higher on this day.China PMI came in at 50.5 in march which is slightly higher than the previous PMI report.we have also witnessed how quickly market participants and analyst change there perception regarding inflation and crashes.In feb The euro jone jobless report came in at 7.8% which was not surprising as it was in line with the market expecation however when eurozone consumer price index came in at up 1.4% YOY compared to 1.5% in feb many analysyt warned investors about the possible high inflation.Those ideas have all but disappeared now.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.