Thank you for your patience and congratulation for the profit
UPDATE-We are Trailing our stop loss At $1540 hence locking our profit within the Gold Latest trading Position(Long entered at 1515). We would recommend our clients to do the same.
We expect 2020 to be another year of significant volatility, uncertainty and Turbulence as there are numerous things which could affect the market this year.U.S-China trade war, Negative yields, Brexit and recession threats are some of them. We have already seen Gold prices surpassing $1500 a few days ago and currently trading at around 1517.But the question is how these factors could impact our 2020 investment and Upcoming trading decisions?
Please, Note- our both trading position in Gold (entered at 1530) and silver (entered at $19) have been closed as trailing stop loss has been reached. Both positions are closed in profit.we have updated and published our new macro research report, The research report is very crucial for you to analyze, It not only helps us forecasting Gold and silver prices but it also helps in providing the broader view of the U.S economic conditions, equity market, and even cryptocurrency market.
s.docworkspace.com/d/AJvw8O3S2oQugZjCj5GdFA
As we are publishing this report, Gold is trading at $1517 per ounce however the white metal is hovering around 18.We have witnessed Precious metal traders and analyst sentiment to be bolstered as The yellow metal break above $1500 per ounce. Gold hit a seven-week high despite comments by President Trump that a trade deal signing with China would be imminent.2019 also proved to be the best year since 2010 for the Gold market, Silver also rose and crossed above its 50-day moving average. The U.S.-China Trade war is still the most important factor which could affect the market in a tremendous manner. Most believe a partial trade deal will be signed in January which would help in Consumer demand and better global economic growth in 2020. The Greenback hit a five-month low Today where many currencies rallied significantly against the U.S. dollar, including the Swiss franc, Euro currency, Japanese yen, Canadian dollar, and Australian dollar. Gold’s price appreciation this week was largely driven by the Heavy weakness in the DXY and by an unexpected drop in U.S. durable goods orders.
Hedge funds view on the precious metal market
According to the median estimate of economists surveyed by Bloomberg, the likelihood of a recession in the next 12 months is 30 percent and Gold could rise 20 percent to $1,800 an ounce next year due to growing recession fears. The National Trucking Association puts the likelihood much higher at 80 percent. Extreme positioning in the futures market has been pared back, which could open the path for another rally close to $1,800.JPMorgan is bullish on 2020 and is advising clients to short gold via the options market, overweight equities and underweight bonds, reports Bloomberg. This is in big contrast to Goldman Sachs, which sees gold soaring next year. JPMorgan sees recession risks subsiding while Goldman sees recession risks arising from the trade war.
Our view on the recessionary threats Anticipated by economists
Many economists are anticipating a recession in 2020 however by not denying the risk of it in its entirety our research suggests that there is still room left for the DXY and the U.S stock indices to grow from the level they are currently trading at. The U.S consumer demand and corporate earning makes up 70% of GDP and has a significant effect on the overall economy. When we tried to find the sales growth of the top companies in the U.S. we found that Year over Year sales growth for a basket of economically sensitive companies is near 5%.Our findings suggest that U.S consumer demand is going strong However we would like you to analyze the entire macroeconomics data and information on your own.
Gold And Silver COT Report
Large speculators once again upped their bullish positioning in gold futures during the most recent reporting week for data compiled by the Commodity Futures Trading Commission (CFTC)During the week-long period to Dec. 24 covered by the report, Comex February gold gained $24.20 to $1,504.80 an ounce, while March silver rose 78.1 cents to 17.853.Net long or short positioning in the CFTC data reflect the difference between the total number of bullish (long) and bearish (short) contracts. Traders monitor the data to gauge the general mood of speculators, although excessively high or low numbers are viewed by many as signs of overbought or oversold markets that may be ripe for price corrections. The commission issues two reports each Friday — a so-called “legacy” report and a “disaggregated” report, started in 2009 and meant to offer more detail. The disaggregated report shows that in the week to Dec. 24, money managers’ net-long position rose to 218,846 futures contracts from 201,721 the week before. Nearly the entire rise was the result of fresh buying, as gross longs rose by 16,750 lots. Gold’s net-long position has now risen by 19% over the last two reporting weeks. In the case of silver, money managers’ net-long position rose to 52,897 futures contracts from 35,479 in the prior week. Most of the increase was fresh buying, as the number of total longs rose by 13,585 contracts. There was also some short-covering as reflected by a 3,833 decline in gross shorts.
Our view of the precious metal market
Although the DXY has ended the year 2019 by dropping at a five-month low we believe the U.S-China partial deal could boost global economic growth. we also expect the U.S to lead the most developed nations in economic activity in the next year. A rough consensus estimate shows that economists expect the U.S. economy to grow around 2% next year. Meanwhile, the European economy is expected to grow by about 1% next year. The market has gain technical momentum however the bigger resistance for gold stands at 1550.Mostly we execute only long term positions in our portfolio however at the moment it seems justified to open a short term buy position for Gold however keep in mind that our research suggests still suggest that the rally we could witness in the sector is fairly limited compared to the major breakdown within the precious metal sector which is yet to be seen
We expect 2020 to be another year of significant volatility, uncertainty and Turbulence as there are numerous things which could affect the market this year.U.S-China trade war, Negative yields, Brexit and recession threats are some of them. We have already seen Gold prices surpassing $1500 a few days ago and currently trading at around 1517.But the question is how these factors could impact our 2020 investment and Upcoming trading decisions?
Please, Note- our both trading position in Gold (entered at 1530) and silver (entered at $19) have been closed as trailing stop loss has been reached. Both positions are closed in profit.we have updated and published our new macro research report, The research report is very crucial for you to analyze, It not only helps us forecasting Gold and silver prices but it also helps in providing the broader view of the U.S economic conditions, equity market, and even cryptocurrency market.
s.docworkspace.com/d/AJvw8O3S2oQugZjCj5GdFA
As we are publishing this report, Gold is trading at $1517 per ounce however the white metal is hovering around 18.We have witnessed Precious metal traders and analyst sentiment to be bolstered as The yellow metal break above $1500 per ounce. Gold hit a seven-week high despite comments by President Trump that a trade deal signing with China would be imminent.2019 also proved to be the best year since 2010 for the Gold market, Silver also rose and crossed above its 50-day moving average. The U.S.-China Trade war is still the most important factor which could affect the market in a tremendous manner. Most believe a partial trade deal will be signed in January which would help in Consumer demand and better global economic growth in 2020. The Greenback hit a five-month low Today where many currencies rallied significantly against the U.S. dollar, including the Swiss franc, Euro currency, Japanese yen, Canadian dollar, and Australian dollar. Gold’s price appreciation this week was largely driven by the Heavy weakness in the DXY and by an unexpected drop in U.S. durable goods orders.
Hedge funds view on the precious metal market
According to the median estimate of economists surveyed by Bloomberg, the likelihood of a recession in the next 12 months is 30 percent and Gold could rise 20 percent to $1,800 an ounce next year due to growing recession fears. The National Trucking Association puts the likelihood much higher at 80 percent. Extreme positioning in the futures market has been pared back, which could open the path for another rally close to $1,800.JPMorgan is bullish on 2020 and is advising clients to short gold via the options market, overweight equities and underweight bonds, reports Bloomberg. This is in big contrast to Goldman Sachs, which sees gold soaring next year. JPMorgan sees recession risks subsiding while Goldman sees recession risks arising from the trade war.
Our view on the recessionary threats Anticipated by economists
Many economists are anticipating a recession in 2020 however by not denying the risk of it in its entirety our research suggests that there is still room left for the DXY and the U.S stock indices to grow from the level they are currently trading at. The U.S consumer demand and corporate earning makes up 70% of GDP and has a significant effect on the overall economy. When we tried to find the sales growth of the top companies in the U.S. we found that Year over Year sales growth for a basket of economically sensitive companies is near 5%.Our findings suggest that U.S consumer demand is going strong However we would like you to analyze the entire macroeconomics data and information on your own.
Gold And Silver COT Report
Large speculators once again upped their bullish positioning in gold futures during the most recent reporting week for data compiled by the Commodity Futures Trading Commission (CFTC)During the week-long period to Dec. 24 covered by the report, Comex February gold gained $24.20 to $1,504.80 an ounce, while March silver rose 78.1 cents to 17.853.Net long or short positioning in the CFTC data reflect the difference between the total number of bullish (long) and bearish (short) contracts. Traders monitor the data to gauge the general mood of speculators, although excessively high or low numbers are viewed by many as signs of overbought or oversold markets that may be ripe for price corrections. The commission issues two reports each Friday — a so-called “legacy” report and a “disaggregated” report, started in 2009 and meant to offer more detail. The disaggregated report shows that in the week to Dec. 24, money managers’ net-long position rose to 218,846 futures contracts from 201,721 the week before. Nearly the entire rise was the result of fresh buying, as gross longs rose by 16,750 lots. Gold’s net-long position has now risen by 19% over the last two reporting weeks. In the case of silver, money managers’ net-long position rose to 52,897 futures contracts from 35,479 in the prior week. Most of the increase was fresh buying, as the number of total longs rose by 13,585 contracts. There was also some short-covering as reflected by a 3,833 decline in gross shorts.
Our view of the precious metal market
Although the DXY has ended the year 2019 by dropping at a five-month low we believe the U.S-China partial deal could boost global economic growth. we also expect the U.S to lead the most developed nations in economic activity in the next year. A rough consensus estimate shows that economists expect the U.S. economy to grow around 2% next year. Meanwhile, the European economy is expected to grow by about 1% next year. The market has gain technical momentum however the bigger resistance for gold stands at 1550.Mostly we execute only long term positions in our portfolio however at the moment it seems justified to open a short term buy position for Gold however keep in mind that our research suggests still suggest that the rally we could witness in the sector is fairly limited compared to the major breakdown within the precious metal sector which is yet to be seen
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