RE: RE: We the Big Cat is Away - Steem Decides To Play
You are viewing a single comment's thread from:

RE: We the Big Cat is Away - Steem Decides To Play

Words
211
Reading
1 min
Listen
Play
7y

The answer "timing wise" is that the best months to buy either tend to be late June to early August and late September through early December. I think both the metals will see a little more of a shake down over the next two weeks before rising into mid March (March 9th-10th as a significant HIGH). If the metals have a hard break down on Monday (tomorrow) then go ahead. I always prefer silver and some nice Canadian "junk" would be perfect, at least it will always have a "face value". :) Gold at least in US terms has HUGE headwinds, a rising dollar and still a rather strong stock market. The other factor with gold is certainly what is going on a China (huge buyers in the past BUT may not be for some time in the future) as well as tariffs in India the other big buyer of gold.

Screenshot_2020-02-09 Silver Futures Chart - Investing com.png

Gold is currently in the range of $1585-$1541 US. The only question is which way will it break. If we touch 1541 without breaking then there is no reason not to buy at that level or slightly higher. If it breaks below $1541 then a drop to $1510ish is in play. Tomorrow will be an interesting day and very telling.

@handofzara: The answer | Ecency