Precious Metals Gold Silver Copper
Precious Metails Gold Silver Copper Investing Trading
Gold Silver Intraday Technical Analysis Forecasts July 16 2018
Intraday gold silver forecasts are updated at the begining of the European market day.
Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
Trade Wars Gold and Protecting Your Money
July 10, 2018 - Gold Is Heading to $1,400 If Trade War Breaks Out According to Sprott By Bloomberg
Dollar confidence ‘most important determinant’ of gold price.
Aggregate U.S. debt seen contributing to worries over dollar.
Gold will surge to the highest level in five years if a global trade war breaks out, according to Rick Rule, chief executive officer of Sprott U.S. Holdings Inc., who’s been involved in the market for four decades.
Bullion could top $1,400 an ounce in 2018 as escalating trade tensions drive investors to havens and the three-decade bull market in bonds nears an end, said Rule, who’s due to speak at a conference in Hong Kong on Wednesday. Spot gold traded at $1,337.50 Tuesday after three straight quarters of gains, while exchange-traded fund holdings are around the highest in half a decade.
President Donald Trump has ordered import tariffs on steel and aluminum and sought new restrictions on Chinese investment. Asia’s top economy retaliated by imposing its own levies on Monday, while the U.S. is expected to release this week a new list of Chinese products to be slapped with duties. A trade war could crimp demand for U.S. assets just as the budget deficit swells, with the dollar vulnerable should international buyers shun American debt.
“In the 40 years I’ve been involved in the gold market, the most important determinant of the gold price has been international confidence in the U.S. dollar and in particular, the U.S. dollar as expressed by the U.S. 10-year Treasury,” Rule said in an interview March 29. “The fact that the U.S. seems to be bound to engage in a zero-sum trade war has begun to strike people as something that’s bad for everybody in the world, not just the U.S. The potential for a winnerless trade war certainly gives cause to some concern.”
The aggregate federal, state and local debt in the U.S., both on balance sheet and entitlements, relative to levels of savings and investments in the economy, will contribute to worries over the longer-term purchasing power of the dollar, particularly in view of low current yields, Rule said. Rising income and savings in Asia, a region with a disposition for gold buying, could also lead to more demand, he said. Sprott U.S. Holdings is a subsidiary of Toronto-based Sprott Inc., which had C$11.5 billion ($8.9 billion) under management as of Dec. 31.
An easing of the China-U.S. trade row may damp bulls’ enthusiasm. China on Monday urged talks to prevent greater damage to relations, and repeated its position that disputes should be resolved with dialogue. Plus, the biggest U.S. tax overhaul in years signed into law by Trump in December will provide more stimulus to the U.S. economy and may curb the impact on the budget deficit.
BNP Paribas SA predicted at end-February bullion will probably be lower by the end of the year than the start, with four Federal Reserve rate hikes expected in 2018, while IHS Markit sees gold dropping to $1,200 by the year-end.
Gold Silver Investing Trading
Investing and trading in gold and silver is one way to invest trade to protect yourself from systemic financial concerns, protect yourself from inflation, and or war political crises.
Other ways to invest and trade in precious metals is through commodity ETF's or exchange traded funds such as GLD for gold and SLV for silver. Also gold and silver mining company stocks, and the futures and options markets. Or you can choose to buy the physical bullion.
Gold and silver coins are not a good way to invest in precious metals. Coins are usually overpriced by twenty five percent or more.
Below are some links to information and services that will help you to be a successful precious metals investor and trader.
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