-- Published: Wednesday, 17 January 2018 | Print | Disqus
The current decline in the US dollar is just a part of the long term US dollar decline story. Germany has decided to include the Chinese Yuan in its basket of foreign exchange reserves. Other nations will follow soon. Migrants have made Eurozone’s economic fundamentals very strong. Migrants will ensure that the Eurozone continues its strong economic growth over the next few years. Nations will be forced to reduce investment in US treasuries and also reduce the US dollar portion of foreign exchange reserves. Gold will get the benefit of global political churning.
Global economic data releases will impact financial markets only if they come in on the lower side of the expectation curve. Best is already factored in. Negative news in crypto currencies is a part of long term bullish run. One should use the sharp correction in selected crypto currency to invest for the medium term. Whenever any new alternate investing product starts without state interference, there will be shake ups. One should have an eagle eye and keep a close watch on crypto currency.
COMEX SILVER MARCH 2018 – current price $1722.50
Bullish over $1711.00 with $1735-$1756.10 and $1782.20 as price target
Bearish below $1698.00 with $1686 and $1672.10 as price target
Neutral Zone between: $1698.00-$1711.00
· Silver needs to trade over $1710 today to rise to $1756 and $1782.10.
· There will be sellers only below $1711.
· I am against short term investing in silver unless it breaks and trades over $1756.
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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-- Published: Wednesday, 17 January 2018 | E-Mail | Print | Source: GoldSeek.com
