Gold seemed to be on a downtrend nowadays. It didnt seem like this two years back... The important question: Will precious metal rebound?
To answer this question, one has to understand the precious metals market..which consists of gold, silver, platinum and palladium. The Exchange traded products linked to them are: gold - gld and Silver- slv, Platinum - pplt, Palladium - pall. With the exception of platinum and palladium, gold and silver have fallen at least 5% thus far in the year.
An interesting question: has the enthusiasm for investing in precious metals faded?
What price levels do gold and silver need to hold before a breakdown occurs? Well, for this, refer to the graph below:
For now, it remains short term bearish.. though an upside is still theoretically possible. For more details, please refer.
To answer this question, one has to understand the precious metals market..which consists of gold, silver, platinum and palladium. The Exchange traded products linked to them are: gold - gld and Silver- slv, Platinum - pplt, Palladium - pall. With the exception of platinum and palladium, gold and silver have fallen at least 5% thus far in the year.
An interesting question: has the enthusiasm for investing in precious metals faded?
What price levels do gold and silver need to hold before a breakdown occurs? Well, for this, refer to the graph below:
For now, it remains short term bearish.. though an upside is still theoretically possible. For more details, please refer.
