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Crude Oil Drop Pressures Precious Metals - Market Report for 11-14-2014 - ModernCoinMart (MCM)

Crude Oil Drop Pressures Precious Metals - Market Report for 11-14-2014 - ModernCoinMart (MCM)
Category: Market Reports
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Posted: 11-14-2014 11:18:00 AM
On the back of another big drop in crude oil prices yesterday and this morning, precious metals are sharply lower across the board.

On the back of another big drop in crude oil prices yesterday and this morning, precious metals are sharply lower across the board. Add to this a strengthening USD, a U.S. equity rally that shows no sign of backing off, and non- existent inflation and we find precious metals have become an asset class that is finding no demand outside our corner of the market where physical demand remains brisk. According to Bloomberg, holdings in the global ETF’s have fallen to their lowest levels since May of 2009.

As crude continues to be pressured in early U.S. trading, all four precious metals are following suit with gold now trading below $1,150.00. Silver having already traded down to $15.25 could be in the $14.00s sooner than later. Keep in close contact with our trading desk as product availability and premiums are changing quickly due to the outright demand and we are at that time of the year where “mints” are preparing for the release of 2015 coins.

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About The Author

Roy Friedman

This editorial has been prepared by Roy Friedman of Dillon Gage Metals. This document is for information and thought-provoking purposes only and does not purport to predict or forecast actual results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein are current opinions as of the date appearing in this editorial only and are subject to change without notice. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used herein do not prove to be true, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. This information is provided with the understanding that with respect to the opinions provided herein, that you will make your own independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your own judgment, and that you are capable of understanding and assessing the merits of a course of action. You may not rely on the statements contained herein. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisors with respect to these areas. By posting this editorial, you acknowledge, understand and accept the foregoing.

This editorial is republished by MCM with permission from Dillon Gage Metals. It is not intended, nor should it be taken, as investment advice. No warranty as to the accuracy or validity of comments made within this editorial is expressed or implied by MCM or its staff. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals.

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