Precious Metals Set to Move

Market observers are placing emphasis on the ability of bullion and precious metals, specifically gold, to turn a profit in an increasingly unstable market. Investments in some foreign …

Market observers are placing emphasis on the ability of bullion and precious metals, specifically gold, to turn a profit in an increasingly unstable market. Investments in some foreign currencies including the Swiss franc and Australian dollar are also showing promise and are meeting short-term goals. The market appears to demand a stick-and-move strategy over a conventional buy-and-hold style of investment, and many investors are negotiating the twists and turns by gaining 24-hour exposure through the foreign exchange and futures markets. For more on this continue reading the following article from The Street.

Equity indices closed at their lows of the week in Friday’s session, creating potential trading opportunities when Asian markets open Monday.

Bond markets have calmed down (relatively speaking) in recent trading, but they continue to signal potential equity market weakness.

Currency markets have held the dollar index around a major swing point at 73.90.

It is the bullion and precious metal markets that show the greatest potential for a sustainable move if economic outlooks remain unclear.

The halcyon days of equity buy-and-hold have been torpedoed by a loose policy towards debt and spending. Payback hurts. The normal pattern of low-volume ramps higher with high-volume reversals will not be going away anytime soon. Bank early and often.

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We offer our Trade Plans are available to clients on bullion, equity indices, major currencies and ETFs, and all show near-term potential.

We will issue Market Updates and Trade Signals once Asian session momentum is seen and price action moves look sustainable.

International markets took another equity leg lower on the last trading session of the week. Positions will not be carried into the weekend. The S&P 500 Trade Signal from 1180 hit its targets at 1165 and 1150. Consolidation and volatility may evolve around 1120 support.

After moving more than $80 to test $1,875, the long-gold Trade Signal is now closed. The long-10-year note Trade Signal covered 100 points.

The headline that Venezuela is repatriating gold deposits from overseas has created bullish futures contract backwardation. The near-term gold contract is trading at a higher value than longer-term contracts, creating a short-squeeze regarding near-term supply concerns.

The Australian dollar/yen (AUD/JPY) and pound/dollar (GBP/USD) Trade Signals both hit their near-term targets and are closed. The dollar index continues its choppy trade pattern.

The Swiss franc (CHF) and yen (JPY) remain steadfast in their appeal as safe-haven currencies, not allowing any form of intervention to take hold.

The Australian dollar, Canadian dollar (CAD), pound and euro (EUR) are aimlessly trotting along each day, only moving in reaction to regional breaking news headlines.

Welcome to the globalized investment arena, where reactions are quicker, fallout is harder and attention spans are smaller. Now more than ever before is the time that a sound alternative support program should be implemented by all investors. Having exposure to global market ebbs and flows on a 24-hour basis allows the roller-coaster rides to be negated. Foreign exchange and futures reign.

This article was republished with permission from The Street.


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