After the horrible trade the last couple of days, gold and silver are charging higher. The real question: is this another trap, or is the rally real? Unfortunately, we don’t know the answer; this could be the next leg up or a great selling opportunity.
As traders, we must remember that trends don’t turn that quickly; there are many signs and indications before it actually turns. Based on recent price action, we consider this a bounce in a bear market. Remember, the most vicious rallies come in bear markets.
Source: News Formal (newsformal.com)
Real! Slv short term; Gold long term
Metals Zinc is performing Copper Aluminium Yet to petform
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rio Tinto completes sale of Cortez gold royalty to Royal Gold for $525 million in cashA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Signal Gold receives enviro approval for its Goldboro gold project in Nova ScotiaA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
CPM Group's August market forecast for gold, silver, and copperCPM Group's August market forecast for gold, silver, and copper kitconews gold silver finance mining metals investing economics
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Laylor, Beauchemin-Pinard, Liendo add to Canada’s gold tally at Commonwealth Games“Hopefully we’re taking steps in the right direction, and this will help put us more on the forefront.”
Source: VancouverSun - 🏆 49. / 61 Read more »
Laylor, Beauchemin-Pinard, Liendo add to Canada's gold tally at Commonwealth GamesMaya Laylor's strategy en route to the top of the Commonwealth Games podium was to be just a bit better than everyone else.
Source: CP24 - 🏆 30. / 67 Read more »
Zimbabwe sells 1,500 gold coins in its fight against inflation, plans to release 2,000 more$DUST. 'GOLD TO $1,200' $DUST is one of the best opportunities to take advantage of a strong dollar and rising interest rates as gold moves lower. Expected that the Fed's next raise will be 75 points but it could be 100. 50% upside by the 4th quarter as miners are impacted.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »