Trump threat to Mexico for implementing the tariff, U.S China ugly trade war and hint by the U.S government that they could cut interest rate as soon as this summer, all are weighing on the U.S Stock indexes and benefiting the precious metal sector in a profound manner,we believe the yellow metal could easily climb $20-30$ from the level which it's currently trading at but today’s low-range close suggests the bulls are near-term exhausted and need to pause before moving higher. You would need to keep in mind that our current existing position in the yellow metal is long term trading position where we have the ability to move our stop loss higher where it is placed now due to low risk and enormous reward nature of the transaction. On the flip side, we could see a lifetime opportunity for you to enter a short position once the market will digest the news however we won't recommend you to do so at the moment.
Short term-Bullish
Our long term positions are well intact in both gold and silver.
Short term-Bullish
Our long term positions are well intact in both gold and silver.
