OH God how many chances would you give them?
As we are publishing this report gold is trading at $1634 per ounce however the white metal is trading at $17.80(long entered at $17.75).we have seen gold prices reaching there highest level since 2013 whereas silver has started to outperform the yellow metal. Traders and investors have realized that the economic impact of COVID-19(Coronavirus) is not only kept in the world's second-largest economy however the deteriorating
effect is spreading into other countries too. Along with that rising tension in U.S.-China trade talk, drop in U.S. stocks, Treasury yields and Disappointing IHS Markit PMI economic data providing a boost to the precious metals market. The 10-year Treasury note yield dropped -2.90% and the 30-year bond yield has broken below its previous all-time low of 1.95% by dropping around -2.40%.we believe analysts are underestimating the devastating effect COVID 19 could bring to the world economy as a whole. The increasing number of cases of the coronavirus within china and in other countries is alarming. Recently the number of infected people is growing especially in South Korea and Italy. Just as we are writing the report some of the shocking news is coming which we would like to mention.
Confirmed cases of COVID-19 continue to soar in South Korea home to the world's biggest duty-free market. The total has reached 556 with five deaths, according to the country’s leading media agency Yonhap News. President of South Korea Moon Jae put the country on the highest possible Level 4 alert in its fight against COVID-19.one report suggests that the Airlines of South Korea could lose $29.3 billion. The Italian government on Saturday said it was considering "extraordinary measures" to fight the coronavirus following the deaths of two citizens . The outbreak has also caused Italian authorities to place several towns on lockdown amid a large increase in the number of cases, as well as the two deaths reported on Friday and Saturday. Oxford Economics estimated world economic output growth would fall to nearly zero in the first half of 2020 if the coronavirus outbreak became a global pandemic.
Summary-Rising tension in U.S.-China trade talk, drop in U.S. stocks, Treasury yields, Spreading of COVID 19, and Disappointing IHS Markit PMI economic data providing a boost to the precious metals market. we believe analysts are underestimating the devastating effect COVID 19 could bring to the world economy as a whole. Oxford Economics estimated world economic output growth would fall to nearly zero in the first half of 2020 if the coronavirus outbreak became a global pandemic. The 10-year Treasury note yield dropped -2.90% and the 30-year bond yield has broken below its previous all-time low of 1.95% by dropping around -2.40%.we have seen gold prices reaching there highest level since 2013 whereas silver has started to outperform the yellow metal suggesting the metal will begin to outperform gold even more in the upcoming weeks and months. Silver nearly rise 11% rise so far this month versus an almost 8% rise for the yellow metal. we believe from risk to reward perspective Silver appeal among best opportunities at the moment As the silver price at the moment is 161.96% away from its all-time high made in 2011 whereas The yellow metal is only 10.28% away from its an all-time high. overall it seems the upcoming rally within the precious metal sector could be significant and at the moment our long position in silver (long entered at $17.75) is active within our portfolio. We believe silver is providing the greatest opportunity which you can't afford to miss.
effect is spreading into other countries too. Along with that rising tension in U.S.-China trade talk, drop in U.S. stocks, Treasury yields and Disappointing IHS Markit PMI economic data providing a boost to the precious metals market. The 10-year Treasury note yield dropped -2.90% and the 30-year bond yield has broken below its previous all-time low of 1.95% by dropping around -2.40%.we believe analysts are underestimating the devastating effect COVID 19 could bring to the world economy as a whole. The increasing number of cases of the coronavirus within china and in other countries is alarming. Recently the number of infected people is growing especially in South Korea and Italy. Just as we are writing the report some of the shocking news is coming which we would like to mention.
Confirmed cases of COVID-19 continue to soar in South Korea home to the world's biggest duty-free market. The total has reached 556 with five deaths, according to the country’s leading media agency Yonhap News. President of South Korea Moon Jae put the country on the highest possible Level 4 alert in its fight against COVID-19.one report suggests that the Airlines of South Korea could lose $29.3 billion. The Italian government on Saturday said it was considering "extraordinary measures" to fight the coronavirus following the deaths of two citizens . The outbreak has also caused Italian authorities to place several towns on lockdown amid a large increase in the number of cases, as well as the two deaths reported on Friday and Saturday. Oxford Economics estimated world economic output growth would fall to nearly zero in the first half of 2020 if the coronavirus outbreak became a global pandemic.
Summary-Rising tension in U.S.-China trade talk, drop in U.S. stocks, Treasury yields, Spreading of COVID 19, and Disappointing IHS Markit PMI economic data providing a boost to the precious metals market. we believe analysts are underestimating the devastating effect COVID 19 could bring to the world economy as a whole. Oxford Economics estimated world economic output growth would fall to nearly zero in the first half of 2020 if the coronavirus outbreak became a global pandemic. The 10-year Treasury note yield dropped -2.90% and the 30-year bond yield has broken below its previous all-time low of 1.95% by dropping around -2.40%.we have seen gold prices reaching there highest level since 2013 whereas silver has started to outperform the yellow metal suggesting the metal will begin to outperform gold even more in the upcoming weeks and months. Silver nearly rise 11% rise so far this month versus an almost 8% rise for the yellow metal. we believe from risk to reward perspective Silver appeal among best opportunities at the moment As the silver price at the moment is 161.96% away from its all-time high made in 2011 whereas The yellow metal is only 10.28% away from its an all-time high. overall it seems the upcoming rally within the precious metal sector could be significant and at the moment our long position in silver (long entered at $17.75) is active within our portfolio. We believe silver is providing the greatest opportunity which you can't afford to miss.
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