In this report I cover the early market action from London on Wednesday, January 3rd, 2018. I go through the precious metals, currencies, stock, bond and crypto currency markets.
Silver is really lagging at the moment which could mean one of two things. Either golds rise is overdone and it's due to pull back, or silver has got some catching up to do. My own view is that gold will pull back into the latter part of this week before bouncing off resistance and starting to rise again in a week or two. One thing is certain, the gold/silver ratio is telling us that a rise in both metals is imminent.
Silver is really lagging at the moment which could mean one of two things. Either golds rise is overdone and it's due to pull back, or silver has got some catching up to do. My own view is that gold will pull back into the latter part of this week before bouncing off resistance and starting to rise again in a week or two. One thing is certain, the gold/silver ratio is telling us that a rise in both metals is imminent.
Very nice.