Rate Of Return
Eli LillyIf GC can stabilize above 4600 today, then a daily-level gold rally can be expected! As long as GC can hold above 4600 today, my trading system will trigger a daily-level long signal for gold! The signal for silver was triggered two days ago, creating a resonance!
Brief reasons for being bullish on gold and silver in the short term:
1. Sticky inflation, rising oil prices will soon be reflected in inflation, and oil prices are unlikely to drop in the next three to five months.
2. The uncertainty surrounding the Federal Reserve is gradually dissipating, and the transition is about to be completed.
3. The Hong Kong Gold Futures Exchange has been established; China wants to compete for gold pricing power.
4. TIP$iShares TIPS Bd(TIP.US) Treasury Inflation-Protected Securities have risen recently, which actually implies lower real interest rates. Meanwhile, the US Dollar Index has retreated after briefly rising above 100.
The most important point is the fourth one: the decline in real interest rates.
At this moment, the technical inflection point for gold and silver is already eager to emerge. It all depends on whether the fundamentals can turn things around, for example, within the next month, will the Federal Reserve start to turn dovish? $SPDR Gold Shares(GLD.US) $iShares Silver Tr(SLV.US)
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