SILVER REPORT
December
interest rate hike is there. Three more next year and one more in 2020. Higher
growth in USA will continue for three more years. This is the message the
Federal Reserve is giving. Gold and silver will trade with a softer bias unless
there are compelling fundamental reason to do so. Other positive factors like
change in geopolitical situation or continued central bank buying has been
ignored by the investors. If more and more Asian move into debt (away from the
rich Asian tradition of remaining debt free), then in the long term per capita
gold demand in Asia will fall.
COMEX SILVER DECEMBER 2018 – current price $1447.00
Bullish over $1454.00 with $1470.50 and $1514.00
as price target
Bearish below $1439.00 with $1429.00 and $1406.00
as price target
Neutral Zone between: $1439.00-$1454.00
· Silver needs to break and trade over $1470 to rise to $1509.
· As long as silver does not break $1470, chances of a correction
to $1429 and $1406 will be high.
· Day traders trade very carefully.
· Long term investors use October dips to invest.
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