Pause in the PMs Upswing – Bullish or Not?
As will be the norm much more often than not, my precious metals analyses will be part and parcel of the freely accessible Stock Trading Signals analyses. Here within Gold Trading Signals, you‘ll find the trade position calls and surrounding reasoning regarding gold whenever required.
Enjoy today‘s gold analysis – it‘s the second half of it as usually.
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All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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2 thoughts on “Searching for a Local Bottom in Gold”
Thank you for the update Monica . Capital from the Eurozone is flowing into USA(Equities) supporting market and China( higher interest returns).
Better to park capital in equities and USD than digital currencies.
Hello M.J., and thank you. While equities are being bid higher and not in a parabolic bubble, I have strong reservations about the USD. It's my opinion that we're seeing the greenback making a top here rather than staging a great run to the upside. Given Friday's $USD upper knot, I wouldn't be surprised by the bulls making another try in the coming week. Cryptocurrencies (Bitcoin) are though in a parabolic run, and that makes for really volatile moves. From the risk-reward and volatility of returns point of view, I like the commodities sector much more – there, you can't really make a bad choice – copper, oil, agrifoods, lumber, etc. Remember about proper diversification and not putting all eggs into one basket.
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