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Precious Metals' "Unofficial" Positive 2015 Start

Precious Metals' "Unofficial" Positive 2015 Start
Category: Market Reports
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Posted: 01-05-2015 11:54:00 AM

As 2015 begins, precious metals start off the new year on a positive note.

January 2015 Gold and Silver Market Report

Precious metals begin the “unofficial” start to 2015 on a positive note as the recent trend of buying in Asia was seen again yesterday and so far the Asian rally has not been sold which is a bit of a change. Despite a sharp move up in the USD and another big drop in crude oil, precious metals are holding up as physical demand and a bit of “safe haven” buying fuels today’s rally.

On the positive side we have falling interest rates but most importantly at least for now is a continuation of the unraveling of Greece’s political infrastructure which several commentators are suggesting could end with Greece leaving the EU.

This morning also brings us a sharp sell-off in equities which should mean nervous investors and portfolio managers are likely looking at gold and company as they diversify their holdings to begin the new year. Gold and silver are both trading above their 50-day moving averages on the back of this morning’s rally, but in order for this move not to be viewed as a probe of the upper end of the recent trading range, we need both to convincingly break above $1,225.00 and $16.50.

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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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