What an explosive week in the markets of the metal fraught with volatility! All the talk in the markets was the rising expectations of continued fiscal stimulus and declining real interest rates. If you look at bonds over all periods (2-year, 10-year, 30-year), the markets expect central banks to stay moist, while rising inflation caused the markets to grip, and I’m not just talking about gold and silver . You may be asking yourself, “With double-digit unemployment, flights from Chicago to Miami for $ 42 and jobs just being shifted left and right, how can there possibly be inflation?” Now, the answer is that the Federal Reserve has practically doubled the money transfer as measured by M2 in 6 months!
If you receive our Blue Line Morning Express report, we will issue a note this morning. “Gold streaks to hit a new high early Thursday night with 2089.4, again led by the continuous surge of silver, which hit nearly $ 30 at 29,915. We have been unusually bullish bias on gold since Q3 of 2018, and this has still been better play than we could have ever anticipated.We do not believe that the precious metal rally is in the late innings; it can only be halfway.However, charity with direct shot is a bit exaggerated.We will be patient for lower prices to reposition and an opportunity to expect platinum to lead the way in a healthy retreat.Nonfarm payment traffic is at 7:30 a.m. CT refueling.The U.S. Dollar has had a difficult time capitalizing on better U.S. economic data. a stronger job report today stimulating the dollar and weighing on the metals, while bad profits of the sector should continue to captivate the sector.The Fifth Washington Fiscal Incentive Letter as it un its failure is also in the spotlight on today’s current deadline, and this will undoubtedly send the market iment. “Be sure to stay up to date on developments by signing up for a free two-week trial by clicking the link here:
Register the Blue Line Express two weeks free trial
Daily silver card
Going forward, we revise our forecasts for gold and silver higher, while real yields should continue to fall. In the long run, it looks like the Fed will assume a surplus on inflation targets and leave monetary support longer in the system to ensure a recovery occurs. While short-term behind the scenes, you have to use the growing geopolitical tensions between the US and China to add to your core positions and surprise “better-than-expected data” from the labor markets. While the trading phase one falls apart, industrial metals should look weak, ie, copper, silver, platinum, and palladium, and that is where you need to capitalize.
Daily Gold Chart
Looking for the next critical level of support, I expect some retest of $ 2,000 / oz. and this correction can happen in the middle of the night. That’s why we choose to trade in the world its most liquid futures brand of precious metals with almost 24-hour trading and standard size 100 oz. and smaller size 50oz. and 10oz. portfolio management contracts.
If you have not received the new edition of our free “Gold Trends Macro Book”, it has been updated with silver slides. This month’s updated booklet will provide you all the quantitative analysis of the precious metal markets. You can apply from here:
Free gold trends macro book.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; Still, Kitco Metals Inc. nor does the author guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in products, securities or other financial instruments. Kitco Metals Inc. and the author of this article does not accept any liability for loss and / or damage resulting from the use of this publication.
