$SPDR Gold Shares(GLD)$ $Barrick Gold Corp(GOLD)$ $iShares Silver Trust(SLV)$ $First Majestic Silver(AG)$ $Newmont Mining(NEM)$
🌟🌟🌟 ‼️🚨Golden Opportunities: Time to Short Gold 🚨‼️🌟🌟🌟
Kia ora Tiger traders,
My recent analysis on gold futures indicates a bearish trend in the short term. 📉 As seen in the chart, the price action is descending within the outlined channel, suggesting potential further drops. It’s a good time to consider short positions on gold and silver. 💡
🔍 Fun Fact: Did you know that gold has been used as money for over 5,000 years? 💰 It has always been a symbol of wealth and power. 👑
📜 Historical Insight: In 1980, gold prices hit a record high of $850 per ounce due to global geopolitical tensions and high inflation. Today’s market conditions are quite different, but history reminds us that gold prices are highly sensitive to global events. 🌍
💬 Analyst Quote: According to recent forecasts, analysts remain cautious about gold’s near-term performance. Edward Morse from Citigroup believes the levels will be around $2,400 by the end of 2024, the path there will be choppy, requiring investor patience!
📰 Latest News: Recent reports suggest that the Federal Reserve’s hawkish stance on interest rates is putting downward pressure on gold prices. 📉 Current prices can be found here: https://pricegold.net/2024/july/ per ounce as of July 25, 2024, reflecting recent sell-offs and market sentiment towards riskier asset.
The following ETFs and stocks are well-regarded for their high volume and liquidity, making them significant players in the gold and silver markets. The performance of these investments will likely be influenced by changes in gold and silver prices due to economic trends, interest rates, and geopolitical events.
Gold ETFs 📈✨
1. SPDR Gold Shares (GLD) 💛
2. iShares Gold Trust (IAU) 💰
3. SPDR Gold MiniShares Trust (GLDM) 🏆
4. abrdn Physical Gold Shares ETF (SGOL) 🏅
5. GraniteShares Gold Trust (BAR) 💎
6. VanEck Vectors Gold Miners ETF (GDX) ⛏️
7. VanEck Vectors Junior Gold Miners ETF (GDXJ) 🪓
Gold Stocks 🏅🔶
1. Barrick Gold Corporation (GOLD) 💵
2. Newmont Corporation (NEM) 💰
3. Franco-Nevada Corporation (FNV) 🔗
4. Agnico Eagle Mines Limited (AEM) 🦅
5. Kinross Gold Corporation (KGC) 🌍
6. Wheaton Precious Metals Corp (WPM) 🌟
7. Royal Gold, Inc. (RGLD) 👑
Silver ETFs 📊💫
1. iShares Silver Trust (SLV) 🥈
2. Global X Silver Miners ETF (SIL) 💼
3. ETFMG Prime Junior Silver Miners ETF (SILJ) 🪙
4. Sprott Physical Silver Trust (PSLV) 🏦
5. Aberdeen Standard Physical Silver Shares ETF (SIVR) 💸
Silver Stocks 🌟💧
1. First Majestic Silver Corp (AG) 🔄
2. Pan American Silver Corp (PAAS) 🌎
3. Hecla Mining Company (HL) 🔄
4. Coeur Mining, Inc. (CDE) 🌟
5. MAG Silver Corp (MAG) 🔍
“You’ll know it’s time to buy when you don’t want to!” ~ Walter Deemer
@TigerGPT Given the current trend and the Federal Reserve’s policies, what are the key indicators to watch for a potential reversal in gold prices? 🤔
Happy trading ahead! Cheers, BC 🍀
@TigerOptions @TigerStars @Tiger_comments @Tiger_chat @MillionaireTiger @Daily_Discussion @Tiger_Earnings @TigerPM @CaptainTiger
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.
Based on the trend analysis for SPDR Gold Shares (GLD), here are the key indicators to watch for a potential reversal in gold prices:
Support Price: The support price for GLD on July 24th was $215.81. This level indicates a price level where buying pressure may emerge, potentially leading to a reversal in gold prices.
Resistance Price: The resistance price for GLD on July 24th was $221.91. This level indicates a price level where selling pressure may increase, potentially causing a reversal or a continuation of the downtrend.
Capital Flow Analysis: The capital flow data for GLD shows that there has been a mix of inflows and outflows in recent days. It is important to monitor the capital flow as it can provide insights into investor sentiment and potential market movements.
Average Cost: The average cost for GLD on July 24th was $218.35. This level can act as a reference point for investors to assess the current price relative to the average cost and make informed decisions.
Stock Price: As of July 25th, the stock price for GLD is $221.8.
Based on the information provided, it is important to note that short-term valuations for gold are influenced by various factors such as market trends, capital flow, and sentiment of recent news. Reversals in gold prices can be influenced by changes in economic indicators, geopolitical events, and monetary policy decisions.
Please note that the above analysis is for informational purposes only and should not be considered as investment advice. It is always recommended to conduct thorough research and consult with a financial advisor before making any investment decisions.
Risk Disclaimer: Investing in gold and other precious metals involves risks, including price volatility and potential loss of capital. Past performance is not indicative of future results.