Credit Rating.

arriba-Aug-03-2023-05-42-49-1272-PM


Credit Rating.



Dear investor.

 

It's only happened a couple of times. U.S. credit rating has been downgraded by Fitch ratings, this opened up a can of worms. 

 

Many don´t agree with the decision, however, Fitch stands by their call.

 

As you might expect, the clowns in Washington are insulted, isn´t that funny. I believe the language used by Fitch was fiscal deterioration expected to continue plus the general debt concerns.

 

For now, if we are realistic, this downgrade is more about egos. The fact is...U.S. treasuries are as safe as it gets...you might not earn much but your funds will be there when expected.

 

Yesterday, red...the preferred screen tone in reflecting most market prices...stocks, metals, oil, etc...so, yes, there was most certainly a psychological component. Other statistics that normally would have generated a positive market response were completely ignored.  

 

Technically, we are approaching a strong support line in gold and silver.

 

Investors should closely monitor the activity. Tomorrow may offer an opportunity within this entry zone. 

 

If you would like to review the charts contact IMG.

 

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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