Skip to main content

My thought on Gold/Silver/USD fundamental analysis 22 April 2014



With the Russia/Ukraine issue settling down to non war issue, the precious metal market seem to have relaxed and now focusing more on the USD/China market... or rather the lack of a market.

China and India are now experiencing low growth and with china now closing in on their mega rich people in an effort to reduce corruption, precious metal which used to be love by them are now on low demand. Causing a downward stress on the metal.

Recent USA market data is quite good, which show that their market is recovering and this is also putting downward stress on the metals. 

With a few of the major countries(US,UK) showing signs that they might be increasing their currency rates due to recovering economic strength, precious metal seem to have taken a back seat and now stocks are firmly in the driver seats.

I would advise shorting the the precious metal or at least not to get involve in forex trading on pm.
(I'm shorting till 1180USD for gold and 18USD for silver)

Please be advise that playing with forex might cause you to lose all your money.

Labels:

Comments

  1. BloggerDecember 12, 2016 at 10:08 PM

    This comment has been removed by a blog administrator.

    ReplyDelete

Post a Comment

Popular posts from this blog

Today's Forex Focus, 30 Jan 2024

 Ah, nephew, let's dive into the Forex market today, shall we? It's like peering into a crystal ball, but with a bit more logic and a lot less mysticism. First up, we've got the EUR/USD pair showing a bit of a bearish tilt. The dollar's holding steady like a rock in a stream, buoyed by investors who've got their eyes glued to the upcoming Federal Reserve policy meeting. There's a bit of a buzz about geopolitical tensions in the Middle East, making investors a bit jittery and giving the dollar a bit of a boost​​. Then, there's talk about the Federal Reserve potentially pushing back against the idea of a rate cut anytime soon. This is like a plot twist in a thriller movie for the traders, who are now less convinced about a rate drop in March. The dollar, meanwhile, is flexing its muscles a bit, up by 0.19% against a basket of currencies. Across the pond, the Euro's taken a bit of a tumble, and there's chatter about when the European Central Bank might ...
Post a Comment
Read more

Free server for Terraria: Singapore Base

Update: Click here for the latest update IP: 175.156.159.250 port: 7777 password: server672011 email: ohguowei@gmail.com updated: hai, i give up on port forwarding. sorry guys, i will be using hamachi for terraria. this game is just too unstable for multi player hamachi ip: 5.100.228.220 hamachi network: sgterraria hamachi password: sgterraria terraria password: server672011 opening time 12pm to 12am. email me if you need help, but dont expect me to do much since this is a free server.
Post a Comment
Read more

Here are a few tips and tricks for your kindle paper white!

Here are a few tips and tricks for your kindle paper white! 1. Save the battery. Normally a kindle battery can last quite long before you will need to recharge it but if you want more time you can turn off your wirless connection by switching it to Airplane mode when you don’t need it. Just go to Settings and turn on Airplane Mode. 2. Remove recommended content. Remove it from your home screen by going to Menu > Settings > Device Options > Personalize Your Kindle > Recommended Content. 3. Take screenshots. Either top left / bottom right or top right / bottom left combinations will work for taking screenshots. Connect your Kindle to a computer using a USB cable to download the screenshots. 4. Keep it private. Set a passcode by navigating to Settings > Device Options > Device Passcode: Enter Passcode. Then confirm the passcode and select OK. 5. Choose your own font size. To make the font smaller and fit more words on a single page, “p...
Post a Comment
Read more