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Precious Metals In Review: Week of 5/15/2017

Precious Metals In Review: Week of 5/15/2017
Category: Market Reports
Author Name: Dillon Gage
Posted: 05-19-2017 01:15:00 PM

Take a look at what has been happening in the precious metals market this week! Information provided comes straight from the experts at Dillon Gage.

Precious Metals Overview – Week of May 15th

Gold’s week started stronger on the wings of a continued weaker dollar with U.S. Stock Funds beginning their second week of outflows, redeeming almost $2.4 billion dollars. Exits from these products since March hit a combined total of over $20 billion dollars.

Boosts in Asia

The Asian metals markets started the week with a boost across the board from Chinese President Xi’s indications that he will spend 78 billion for infrastructure projects. Meanwhile, good physical silver buying emerged in Asia as tensions with North Korea continued to be on the minds of most in that region.

Equities Growth in Europe

With the French Presidential Election over, most European investors launched the week feeling better about their currency following last week’s $6 billion flow into European stock funds. Earnings growth in Europe have been better than here in the States, so some traders have seen a rotation out of metals and into equities since the French election.

Platinum Group Metals (PGM)

Strong inflows continued in the platinum ETFs at the start of platinum week, as investors and commodity funds seem to have a new-found interest in the PGM arena.

Gold Stands Solid

As we end the week, the price of gold is virtually unchanged in light of the mixed bag of indicators swinging from a weaker dollar to stronger yields in Ten-Year Treasuries that sent mixed signals to the market. Meanwhile, equities appear to have flattened without some news to give them direction.

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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.

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