Silver & Gold. Long? Short?
Remain neutral/bearish on gold & silver until the US10Y, DXY, & Fed Funds Rates tops.
This is the first time since the de-pegging of USD/Gold (in 1975) that interest rates & the USD have been rising.
This creates an extremely tough environment for gold & silver to significantly rally being under pressure from high dollar & rising interest rates.
Despite strong headwinds, there are many tailwinds as well that will lead many commodities prices higher such as, the clean transition, & the dollar (usd) devaluing.
Chart:
FED FUNDS Rate = Blue Line
This is the first time since the de-pegging of USD/Gold (in 1975) that interest rates & the USD have been rising.
This creates an extremely tough environment for gold & silver to significantly rally being under pressure from high dollar & rising interest rates.
Despite strong headwinds, there are many tailwinds as well that will lead many commodities prices higher such as, the clean transition, & the dollar (usd) devaluing.
Chart:
FED FUNDS Rate = Blue Line
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.