-- Published: Tuesday, 19 December 2017 | Print | Disqus
I have seen a number of people investing their profits from bitcoins into physical gold and silver. This is the correct investment strategy. Make short term profits from crypto currencies and invest for the long term in gold and silver. Those who say that bitcoins and other crypto currencies will nosedive will regret for not having invested. Bitcoin is not just hype. It is here to stay. Babies born today will never see the physical currencies when grow up. Future kids and future teenagers will be using crypto currencies as a means of exchange as well as means of investment.
Block chain technology is a big human life changer for the world. After the invention of computers and the internet, block chain technology will change human lives in a big way. If adapted properly and quickly, block chain technology will ease our daily lives. In fact, I am asking my cousin brother who is an engineer by profession and working in a finance company in India to come up with a startup which can provide solution using block chain technology to small and tiny enterprises. Block chain will be used by everyone in the next five years. As a metals consultant, I am looking at the metals which are being used in block chain technology so that investment advice can be given to clients.
COMEX SILVER MARCH 2018 – current price $1616.50
Bullish over $1596 with $1625.90 and $1657.80 as price target
Bearish below $1580.50 with $1566.90 and $1547.80 as price target
Neutral Zone between: $1580.50-$1596.00
·Silver gets another day to rise to $1660 as long as it trades over the $1600-$1605 zone.
·Sellers will be there only below $1600 today.
COMEX COPPER MARCH 2018 – current price $312.70
Bullish over $313.90 with $318.50 and $324.60 as price target
Bearish below $310.10 with $306.40 and $303.30 as price target
Copper can rise to $316.20 and $321.10 today as long as it trades over $309.80.
There will be a quick rise if copper manages to break and trade over $313.90.
Sell off will be there if copper is not able to break $318 by tomorrow.
Disclaimer:Any opinions as to the commentary, market information, and future direction of prices of specific currencies, crypto currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information.Nothing in this article is, or should be construed as, investment advice. Prepared by Chintan Karnani
Disclosure:Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.
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NOTES TO THE ABOVE REPORT
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UK session starts around 1:00 pm Indian Standard Time (+5:30 GMT) -- after the release of LME daily inventories
US session starts at 6pm pm Indian Standard Time (+5:30 GMT)
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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