Some Headlines to Consider To Start The Precious Metals Trading Day
Category: Market Reports
Author Name: Walter Pehowich
Posted: 01-17-2017 09:51:00 AM
Author Name: Walter Pehowich
Posted: 01-17-2017 09:51:00 AM
All awaiting a speech by British Prime Minster Theresa May on plans for a “hard Brexit” that should support a rally in the metals to continue. The Prime Minster also indicated you will not see a half in, half out exit from the European Union.
SendGeopolitical risks, a much weaker dollar and falling treasury yields giving gold and silver a boost this morning.
Some Street gold traders in early this morning after a three day holiday jumping on the bandwagon buying gold.
Far east physical demand overnight as reported by one gold trader I spoke to also fueling the fire.
All awaiting a speech by British Prime Minster Theresa May on plans for a “hard Brexit” that should support a rally in the metals to continue. The Prime Minster also indicated you will not see a half in, half out exit from the European Union.
At the world economic Forum in Davos, some economists have indicated that a trade war between the United States and China are the biggest threats to the global economy.
Tomorrow and Thursday we will have the opportunity to hear from Fed Chairwoman Janet Yellen as she has two speeches planed.
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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. |
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