Dollar Meltdown Continues as DXY Breaks Below 90.
In this report I cover the early market action from London on Wednesday, January 24th, 2018. I also look closely at the technical picture for the dollar and gold.
In this report I cover the early market action from London on Wednesday, January 24th, 2018. I also look closely at the technical picture for the dollar and gold.
Gold looking very good this morning. Notwithstanding a big smash on the US opening we could see an assault on 1360.
https://steemit.com/steemsilvergold/@unclehermit/gold-makes-a-break-for-freedom-targeting-new-higher-higher
Also, GLD has now seen a decisive breakout of it's 2011 down trend. Do you think GLD is a more important chart than the actual gold price?
Good information@maneco64
Buying physical gold and silver vs. buying them as stocks or so online ? What is the difference and which is better ? ( as buying physical always involves high fees for the handcaraft and so) ... advise plz !
Buying gold stocks is a way to leverage owning physical gold. I do not know where you are but buying gold and silver involves paying a premium to the dealer but so does buying stocks as you pay commission to the broker. Physical gold and silver act like insurance against financial and banking crisis so I personally think it makes sense to have some. You need to do your homework and decide for yourself.
do both!