gold trading, silver trading - daily alerts

przemyslaw-radomski

One Reversal Too Many

May 14, 2018, 9:00 AM Przemysław Radomski , CFA

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Friday was the day when silver and mining stocks were likely to reverse based on their triangle-apex-based turning points and today is the day of gold’s apex-based reversal. Therefore, it seems likely that gold, silver and mining stocks are forming the final top for this short-term upswing, or that it is already in place. The problem with the reversal scenario is that the previous week was one big bearish reversal in the USD Index. Weekly reversals are significant and thus odds of a move lower in the USD increased substantially. This means more upside in metals and miners. What should one do with the profits from the current long position? It’s tempting to both keep and cash them and the answer is not easy. We provide our answer in today's alert.

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May Market Overview

Gold Market Overview

In this edition of the Market Overview, we focus on the most significant drivers of gold prices. We distinguish three such factors – and we examine how they affect the price of gold. In general – and in the first four months of 2018 in particular. Knowing what really impacts the gold prices enables investors to make better decisions. They can skip the analyses which concentrate on the gold mining supply or the average production costs – and focus on the true factors.

Read more in the latest Market Overview report.

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