Home InfoVault Market Reports Quiet Start To The Week.

Quiet Start to the Week.

Quiet Start to the Week.
Category: Market Reports
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Posted: 04-04-2016 02:45:00 PM

Some traders believe the pressure will be on from some FED governors to convince Ms. Yellen to raise rates at the next FED meeting, giving traders the fuel they are looking for.

Quiet opening today. Overnight, in the Far East and Europe most precious metal traders report that physical demand in gold is soft, but a little more interest is seen on the silver side from the retail investor.

ETF gold and silver holdings increased overnight with hopes that the increases would be enough to support the gold and silver price.

The Wall Street gold spec traders I spoke to on Friday were still looking for gold to test the $1,200 dollar level in the short term and possibly test the key double bottom support level at $1,175 before buying back their short spec positions.

Some traders believe the pressure will be on from some FED governors to convince Ms. Yellen to raise rates at the next FED meeting, giving traders the fuel they are looking for.

After speaking to a few financial advisors about client interest in either ETFs or physical precious metals, all I get is the same response, quiet on the equity side and not much better in metals.

Most financial advisors are working on managing account fee based business instead of charging a commission on individual trades. With most people trading for $7 dollars a trade it’s not as lucrative as it was in the past.

Factory data orders to be released today. Wednesday, FED minutes will be released and will be scrutinized looking for any clue to what will be the FED’s next move will be.

So I hope I kept your interest enough to…

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About The Author

Walter Pehowich Author Name: Walter Pehowich
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? Quiet Start to the Week.