At the moment of publishing, this report gold is trading at $1289 while the metal is hovering around $14.90.Before starting our daily report we would like to inform you that right now three positions are currently active in our portfolio including yesterday's silver trade where we entered a short position at $15.50 and two positing for the yellow metal one for the short term and other for the long term. Gold and silver prices are trading lower today as we have seen a firmer DXY on this day which helped to put pressure on P. Ms .There is no doubt that market participants are worried about slowing global economic growth especially after The 10-year U.S. Treasury yield fell further, having fallen below the yield for three-month bills on Friday for the first time since 2007, inverting the yield curve. An inversion is widely seen as indicating an economic recession.we have also witnessed German government auctioned it's 10-year note today and the reported yield was -0.05%, we saw the first negative yield by German government bunds since 2016. However, it's also important to keep in mind that Yield curve inversion isn't the best sign of a looming recession because while inversion is an indication of troubled credit markets, it isn't a timing tool. Stocks can rise-and the economy grow-for many months while the curve is inverted.
Overall we believe the current holding in our portfolio have the full potential to add enormous gain in our portfolio and for the bearish part of the precious metal sector, we would like to end this report by saying that now it's not a question of if but when?
Overall we believe the current holding in our portfolio have the full potential to add enormous gain in our portfolio and for the bearish part of the precious metal sector, we would like to end this report by saying that now it's not a question of if but when?
