Collapse of global stock markets can result in all metals and energies falling. Reason: Liquidity. Nervous investors will prefer to sit on cash. The continuous zoom up and nosedive pattern of global stock markets and currency markets will prevent retail investors from investing as well as trading. They will just use sharp rises to exit their investment and nothing else.
Physical buyers of gold and silver will stay away and will wait for more correction to invest. Copper will track global stock markets. The UK and Italy have political issues. Germany and the Eurozone have non-economic issues to deal with due to continued influx of migrants. This has resulted in the US dollar getting the safe haven status. Trade war is not just over. France's Macron wants Paris to take a slice from London as the global gold trading hub. Macron is ready to do everything to make Paris as a global gold center away from London.
My critical reasoning makes me believe that the UK and USA central banks do not have the gold which was stored in their central banks on or after the Second World War. Most of the central banks are asking for gold which is supposed to have been stored in vaults in the UK and USA. The UK and USA are trying to suppress prices so that they can buy the gold at lower prices and return it. How long can this suppression continue? Under the worst case scenario April 2019.
COMEX SILVER DECEMBER 2018 - current price $1402.50
Bullish over $1419.50 with $1425.50 and $1448.50 as price target
Bearish below $1406.00 with $1390 and $1376.00 as price target
? Crash will be there below $1393.
? Small rise will be there over $1414.
? Trend after London opens will be the key.
HAPPY PROFITABLE TRADING
Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, crypto currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Prepared by Chintan Karnani
Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.
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