Gold Prices Taking A Breather Or Something Worse?
Monday, February 11, 2019 at 03:22PM
Silver Prices

Background

I first traded gold back in 1980 and have been active in this sector of the market ever since then. However, as a Gold Bug at heart I am not a Perma-Bull and at different times I have been long or short in this space through via the normal buying and selling methods and also by utilizing the options market to generate profits.

Being a Perma-Bull or Perma-Anything makes no sense to me as the market goes up and comes down. It is all about being positioned on the right side of a market sector, being with it and not against it. If you have to be a bear at times so be it, it is better than losing your shirt.

Preamble on Gold and Silver

As we understand it in 2018 Central Banks bought 651 tonnes of gold and are showing a renewed interest in the precious metals sector, which if true, is very good news for the demand side of this commodity. We have also read a number of articles by some of the big banks who are predicting higher prices for gold going forward. If their research could be relied on and assuming that they didn’t want to see the price go higher in order to unload some of their holdings, then this would also be good news for gold and silver.

 

 

    

Overbought gold to correct in the near term, but long term will go higher

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Article originally appeared on Silver Prices (http://www.silver-prices.net/).
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