Home InfoVault Market Reports Precious Metals In Review: Week Of 3/20/2017

Precious Metals In Review: Week of 3/20/2017

Precious Metals In Review: Week of 3/20/2017
Category: Market Reports
Author Name: Dillon Gage
Posted: 03-24-2017 12:07:00 PM

Take a look at what has been going on in the market! Tune in to MCM's weekly precious metals report from the experts at Dillon Gage!

Precious Metals Overview – Week of March 20th

Overall, it’s been a slightly positive week, with gold, silver, platinum and palladium ending higher off a weak dollar and sluggish 10-year T-bills.

The lack of volatility in the news kept any major shakeups from occurring, lending a sense that the market is holding its breath.

There was a blip of drama on Tuesday sparked by a comment made by President Trump after he exited a meeting with Conservative Republicans that day. His less-than-sure response when a reporter asked if the President believed that he had all the votes needed to pass the Health Care Bill whacked the Dow. At that point stocks headed south by 180 points and gold rallied to a three-week high.

Aside from that bit of excitement, the markets have been pretty steady and dare-I-say boring this week. Even so, the CME gold and silver volumes seem to have had healthy activity day in and day out.

President Trump is flexing his muscle and demanding a vote today on his health care bill.  We all know the President hates to lose and if he doesn’t get his way he will move on to tax reform.

The equity market likes tax reform and, in my opinion, has little interest whether the health care bill passes or not. Case-in-point, the equity market at 9:30 is showing a positive opening.

So there is still good interest in our market. Unfortunately, the lack of any news reduces the volatility, which in turn keeps the big players out of the market for the time being.

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About The Author

Author Name: Dillon Gage
This editorial has been prepared by 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.

What are your thoughts? Precious Metals In Review: Week of 3/20/2017