“If you’ve been waiting, the wait is over. And I wouldn’t be waiting for lower prices, because I doubt we’re going to see them. The prices are low enough. Just buy them.”
This article was published on JUNE 30, 2016 when gold made a top around $1363 by known expert Peter Schiff, if one had invested or open any position in yellow metal at that time they would have suffered a significant loss in their portfolio-we are getting the same kind of advice this time,keep in mind these gold experts are running the service where they sell precious metals to there clients so there bias will be always on the upside-if gold will decline you will read that yellow metal has become so cheap and it's the right time to buy and if gold prices will soar you will read that this is the last time you can buy gold or you will miss them-In any case just buy buy and buy but that's not how this market works
At the time of preparing this report, gold is trading at around $1291 while white metal is trading at $15.50 lower than our entry price ($15.80). The precious metal sector is moving in a very boring fashion from a number of days especially the yellow metal which is hovering around $1290 however no matter if you think it's boring we believe there is a strong possibility that we will witness a significant plunge in gold prices soon. we already informed you that market has got some signs from the news and statement of the us-china official regarding positive improvement on U.S-China trade wars however now many investors and traders are getting the report that the U.S. and China trade talks may not be going as well as many thought, of course, This will affect the P.Ms in a negative way and if you remember we have also written in our old report that the U.S authority is thinking to take some harsh action against the big Chinese technology firm Huawei and we just got the report that finally U.S. prosecutors has decided to file criminal case regarding theft of intellectual property against Huawei which will add more fire to trade war.we were most skeptical about the Brexit dispute and it's potential effect on the market place however even after the Theresa u.k prime minister got a no-confidence vote from parliament it seems that the market doesn't care about Brexit drama playing out
most investors and traders tend to enter the market when prices make a substantial rally and gold market is no different. In early 2018 many traders and investors enter the gold market above $1300 and since then they are having a tough time as yellow metal runs into the bear market for the most part of 2018 but as prices approached the levels at which most investors enter the gold market,what do you think these traders are going to do?
well, we believe psychological part will play a crucial role in this situation because whenever a novice trader or investor buys an asset which quickly plunges in price than the trader most likely to sell the asset when it's about to reach the break-even level again due to the fear ingrained in his mind. Over 700 million contracts traded hands during two separate months from January through May. We are not talking about the physical bullion holders which don't care about the short term volatility but funds and institutions tend more to focus on short term portfolio performance- volume has been declining on the price advance since October 2018. we believe gold will retest the low of $1200 along with the decline in silver prices in the coming months
Please note-We are preparing a long report about silver and how we can take the advantage of this lifetime opportunity to make substantial wealth which the silver market is providing us-stay tuned
Our Active position
Short Gold 0.72% -0.41% 0.32% 0.29% -0.22% -(1270)
SL: 1306
TP: 1240
Currency Pair: XAGUSD ( SILVER )
Sell Stop Entry Price:15.800
Take Profit: 14.00
Stop Loss:16.200(we will reduce the stop loss points once positions will be more favorable)
Capital Risk:2000USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 12000USD
Risk/Reward: 1:6
Currency Pair: XAUUSD ( Gold )
Sell Stop Entry Price:1290
Take Profit: 1160
Stop Loss:1320(we will reduce the stop loss points once positions will be more favorable)
Capital Risk:2000USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 8000USD
Risk/Reward: 1:4
(we can adjust (limit, close or even reverse) the position before this price level is reached)
This article was published on JUNE 30, 2016 when gold made a top around $1363 by known expert Peter Schiff, if one had invested or open any position in yellow metal at that time they would have suffered a significant loss in their portfolio-we are getting the same kind of advice this time,keep in mind these gold experts are running the service where they sell precious metals to there clients so there bias will be always on the upside-if gold will decline you will read that yellow metal has become so cheap and it's the right time to buy and if gold prices will soar you will read that this is the last time you can buy gold or you will miss them-In any case just buy buy and buy but that's not how this market works
At the time of preparing this report, gold is trading at around $1291 while white metal is trading at $15.50 lower than our entry price ($15.80). The precious metal sector is moving in a very boring fashion from a number of days especially the yellow metal which is hovering around $1290 however no matter if you think it's boring we believe there is a strong possibility that we will witness a significant plunge in gold prices soon. we already informed you that market has got some signs from the news and statement of the us-china official regarding positive improvement on U.S-China trade wars however now many investors and traders are getting the report that the U.S. and China trade talks may not be going as well as many thought, of course, This will affect the P.Ms in a negative way and if you remember we have also written in our old report that the U.S authority is thinking to take some harsh action against the big Chinese technology firm Huawei and we just got the report that finally U.S. prosecutors has decided to file criminal case regarding theft of intellectual property against Huawei which will add more fire to trade war.we were most skeptical about the Brexit dispute and it's potential effect on the market place however even after the Theresa u.k prime minister got a no-confidence vote from parliament it seems that the market doesn't care about Brexit drama playing out
most investors and traders tend to enter the market when prices make a substantial rally and gold market is no different. In early 2018 many traders and investors enter the gold market above $1300 and since then they are having a tough time as yellow metal runs into the bear market for the most part of 2018 but as prices approached the levels at which most investors enter the gold market,what do you think these traders are going to do?
well, we believe psychological part will play a crucial role in this situation because whenever a novice trader or investor buys an asset which quickly plunges in price than the trader most likely to sell the asset when it's about to reach the break-even level again due to the fear ingrained in his mind. Over 700 million contracts traded hands during two separate months from January through May. We are not talking about the physical bullion holders which don't care about the short term volatility but funds and institutions tend more to focus on short term portfolio performance- volume has been declining on the price advance since October 2018. we believe gold will retest the low of $1200 along with the decline in silver prices in the coming months
Please note-We are preparing a long report about silver and how we can take the advantage of this lifetime opportunity to make substantial wealth which the silver market is providing us-stay tuned
Our Active position
Short Gold 0.72% -0.41% 0.32% 0.29% -0.22% -(1270)
SL: 1306
TP: 1240
Currency Pair: XAGUSD ( SILVER )
Sell Stop Entry Price:15.800
Take Profit: 14.00
Stop Loss:16.200(we will reduce the stop loss points once positions will be more favorable)
Capital Risk:2000USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 12000USD
Risk/Reward: 1:6
Currency Pair: XAUUSD ( Gold )
Sell Stop Entry Price:1290
Take Profit: 1160
Stop Loss:1320(we will reduce the stop loss points once positions will be more favorable)
Capital Risk:2000USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 8000USD
Risk/Reward: 1:4
(we can adjust (limit, close or even reverse) the position before this price level is reached)