OTCPK:PGMFF - Post by User
Post by
Welchspringon Jul 16, 2021 4:48pm
219 Views
Post# 33561299
Precious metal market
Precious metal marketThere's are lot of profit taking today in the gold and silver market as investor have the jitters. It will be interesting to see what happens next week. Gold need to get back above 1830. The 200 MA is 1830. If it gets back to 1830, preferably 1840 then we can start building towards 1900. If it can't get to 1830 then we are in for a nasty down turn in the gold price. There are positives and negatives that can push gold either way.
This is a different market we are unfortunately facing and with all the stimulus money being pushed out into the system investor have the jitters as there is lot of chatter on the Feds cutting back on momentary spending and/or raising interest rates. I know we all think that the Feds couldn't possibly raise interest rates but unfortunately their back are against the wall and they may not have a any alternative.