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przemyslaw-radomski

Is the Decline Ending or Starting?

December 6, 2017, 8:39 AM Przemysław Radomski , CFA

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In yesterday’s second brief alert we wrote that we may need to adjust the profit-take levels for our short positions. If the current decline is ending, as miners close to their target might suggest, then the target for gold should be moved higher. However, if the decline is just starting as gold’s breakdown seems to be indicating, then the profit-take levels for silver and mining stocks should be adjusted downward. Which scenario seems more likely?

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In this edition of the Market Overview, we will examine what the Great Unwind implies for the U.S. dollar and gold. The tightening of monetary policy and higher interest rates could be negative for gold, but more hawkish BoJ and ECB would mean narrower divergence in monetary policies between the Fed and other major central banks.
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Read more in the latest Market Overview report.

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