Commodities fire negative economic data – Gold recently logged a 25% gain so far this year. Gold Thursday continued a four-day rise soaring as high as $1399.70 an ounce as the dollar fell for a second consecutive day. We have a condition where the markets are rallying on fine and poor economic data, which is a solid indication that markets would like to go higher. No big secret there, of course. We’ll see more negative news headlines this month and it’ll be interesting to see how the commodity markets react to them.
“Gold and Silver both want maybe to get more blood from WHO SOLD GOLD/SILVER? But stop, what is this? Quite low volume, for together, on this hot move. Could this be a fake move? Who knows but it is amazing to believe about.”
Today’s I want to write something HOT for you + Want to remind you, what I had written and How much accurate…
Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.
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