GLD and SLV pre mid night crash was a classic syndicated move to squeeze out margin players on the wrong side of the position. That said, it was also a classic failure for those trying to bring the prices down as the market knows that the real demand for physical Gold and Silver out-strips the supply. Whats gonna stop the bull run on precious metal? In my opinion, slower global growth or global recession. So meanwhile as we see multiple all time highs being breached, its just means market still wants it. Don't fight the market. Go with the flow.
Gold Back Above $5,000: Rotation to Copper Next?
Gold has reclaimed the $5,000/oz level after a sharp pullback. According to JPMorgan strategist Jason Hunter, the recent volatility represents a healthy consolidation within a long-term uptrend, rather than a trend reversal.
JPMorgan expects copper to rebound earlier than gold in Q2, as industrial demand stabilizes and inventory dynamics improve.
Is this the moment to rotate from gold into copper-led cyclicals?
Will gold reclaim $5400?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments