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Advertisement Start Trading 75% of retail CFD investors lose money Thus upon Gold’s weekly parabolic trend a week ago flipping from Long to Short, we assessed the numbers, wringing from them what we could best foresee, and wrote that Gold (then 1783) faced getting sold sub-17f00. And for this past week in settling yesterday (Friday) at 1733 the net decline of -2.8% being Gold’s worst weekly loss in three months price en route traded down to within 15 points (at 1714.9) of the 1600s. Again, to write and be right can be downright annoying, especially per the following graphic of Gold’s weekly bars from a year ago-to-date wherein said parabolic Short trend has only just started per the rightmost two red dots: ....
Thus should you be casually queried off-the-cuff as to the present price of Gold, your simply responding “1850” without nary a thought ought be fairly spot on, impressively making you appear as one “in the know.” Advertisement Start Trading 75% of retail CFD investors lose money But year-to-date, the precious metals story (albeit somewhat stealthily) is Silver. For have you been watching the Gold/Silver ratio of late? We have as it has its own dedicated cell on our key screen of live data. Which is why for the first time “in forever” we of a sudden sat bolt upright this past Thursday in taking notice of said ratio being sub-70x! ....