Tomorrow is the first blank page of a 365-page book.
Today we would like to start our analysis with congratulating all of you a very happy and peaceful new year. Today's analysis we would like to discuss our long-term positions for both yellow and white metal which we are thinking to add in our current portfolio but for now we are still waiting for more confirmation especially from the HUI index and we believe we will be able to Grab the enormous profit in the coming months from our long-term positions like we did when we shorted the yellow metal at around $1358 and silver at $16.80,(of course our entry price won't be the same) but there are few strong links with the previous trade and the trades which we are thinking to add in our portfolio(we'll not go into the details),however we are still waiting for more confirmations-
we have already informed that we will cautiosuly look at the year end prices of gold as it's one of the vital sign to predict the upcoming movement in precious metal sector and for the year gold has ended with a loss down with 2%,that's the first loss we have witnessed since 2015,(from the past two months we have seen very boring sideways movement and finally significant surge in gold and silver prices which ultimately stopped out from our sell positions but we can reassure our clients especially those who joined us in previous months or so that if you are here for the long term and take trading as a serious bussines then you don't need to worry, you will be able to watch your portolio grow same as our old subsribers)-Gold prices has last traded at $1284 and we beleive the major factor which contributed to the strenght in gold prices are the expecations of less fed rate hikes by the market,no one can deny the other factors lncluding the major equity sell off in which gold and silver behaved as it should be but even if it seems boring we want to inform you not to expect the huge surge in precious metal sector from these levels,
you could witness a significant selling pressure as prices are getting closer to the psychological $1,300 mark . For many Banks, $1,300 represents the high watermark for gold next year-while yellow metal ended the year with a 2% loss, The greenback has ended 2018 with a strong note, with DXY closed more than 4%
Ending today's short analysis with my one of the favorite quote-
Tomorrow is the first blank page of a 365-page book. Write a good one.” -Brad Paisley
we have already informed that we will cautiosuly look at the year end prices of gold as it's one of the vital sign to predict the upcoming movement in precious metal sector and for the year gold has ended with a loss down with 2%,that's the first loss we have witnessed since 2015,(from the past two months we have seen very boring sideways movement and finally significant surge in gold and silver prices which ultimately stopped out from our sell positions but we can reassure our clients especially those who joined us in previous months or so that if you are here for the long term and take trading as a serious bussines then you don't need to worry, you will be able to watch your portolio grow same as our old subsribers)-Gold prices has last traded at $1284 and we beleive the major factor which contributed to the strenght in gold prices are the expecations of less fed rate hikes by the market,no one can deny the other factors lncluding the major equity sell off in which gold and silver behaved as it should be but even if it seems boring we want to inform you not to expect the huge surge in precious metal sector from these levels,
you could witness a significant selling pressure as prices are getting closer to the psychological $1,300 mark . For many Banks, $1,300 represents the high watermark for gold next year-while yellow metal ended the year with a 2% loss, The greenback has ended 2018 with a strong note, with DXY closed more than 4%
Ending today's short analysis with my one of the favorite quote-
Tomorrow is the first blank page of a 365-page book. Write a good one.” -Brad Paisley