BREAKING NEWS: Silver & Gold is hitting hard on the way up
Hey all,
I've just read from sources saying that both Gold & Silver are hitting hard on the way up.
This comes from the US as they have lifted by a lower dollar index and by the US Treasury bond yields which by backing off a bit from this week’s highs and by inviting the shorter-term futures traders to the long side of the metals. And if everything goes that way for June, then the gold future would be up by $10.30 more to $1,794.60 and the July Comex $0.378 at $26.90 an ounce.
What has caused this effect to happen?
Well numerous of things such as
-
Bank of England keeping the interests at 0.1%
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China said it is suspending its economic dialogue with Australia which could cause it to deteriorate.
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Stronger consumer and commercial demand for goods that adds to the inflation argument.
-
The lowering of the US Dollar Index
Market Price So far
https://www.kitco.com/images/live/gold.gif?0.2924175530478188
If we start looking at the Gold front so far, the gold has been very strong throughout the day, if we look at the comparison between May 4 & 5th, it would seem that it could a massive advantage during this opportunity.
And for the silver
The Silver Bulls upside is that the price objective is closing July futures prices above solid technical resistance at $28.00 an ounce which is good for all the silver investors (like me) for the downside is that it could fall to $25.745 per ounce.
SOURCES
So now here is the next question, Is it the right time now to sell your silver?
As for me I wouldn't as I am in it for the long term.
(Please note that I am not your financial advisor, So please conduct your own research).
If you like this blog with the bull of Silver & Gold rising, hit the heart icon and which shows that you love this blog
And I will catch all your bloggers on the next one
PEACE OUT EVERYBODY
SilverGoldHunter
Posted Using LeoFinance Beta