Value Purchase...

arriba-Oct-05-2023-08-24-28-4946-PM


Value Purchase...



Dear investor.

 

Markets were a tad lighter today in anticipation of tomorrow´s labor department employment report.

 

The data will assist investors regarding the Fed´s next move on rates...sentiment calling for one more hike this year.

 

October has a psychological cloud overhead for stock traders; many major corrections occurred within this month. Any event could trigger a market selloff in stocks, and a buying opportunity in metals.

 

Gold and silver are in a buy-zone; any further decline would be a welcomed entry point. Gold settled at a 10-month low, while silver remained at a 6.5-month low.

Certainly, this qualifies as a genuine value purchase.

 

From a technical standpoint, both markets are in oversold territory...short covering and fresh positions could stimulate prices at a moment's notice.

 

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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