22.
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22.
Investors flip back and forth like a light switch.
Over the last couple of weeks, gold rallied strong, why, because of the possibility of a soft landing.
In other words, the economy is doing well enough as inflation drops...
In general, that's the deal, but wait, there´s more...numbers released today, U.S. gross domestic product up 2.4%, and durable goods up 4.7% both beating market expectations are suddenly having an adverse effect.
So, what actually motivated A PRICE RALLY RECENTLY is no longer valid?
If the economy is doing better, this means more consumption of all products, including precious metals. The underlying danger with higher rates is, Mom and Pop are closer and closer to the breaking point.
Things are simply not so wonderful, smaller banks are hanging on by a thread.
Rates are at an eye-watering 22-year high.
That's your focus. Stretch this rubber band much further and throw your rose-colored glasses out the window.
Silver: technical buy-zone is around $23.80 to $23.50...
Remove the noise...Stay alert...
Short-term: Headlines are your buying opportunities.
Long-term: Fundamentals are your guide.
Much success to all. |
Depository relations: London - Singapore - United States Canada - Australia - China - Switzerland Brinks - IDS - Loomis - The Perth Mint info@intlmetals.com
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