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Market Report: Fear taking over

Sunday, April 16, 2017 13:09

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wealth.goldmoney.com / BY ALASDAIR MACLEOD / APRIL 13, 2017

…”Relations between N Korea and China have deteriorated in recent years, and the only leader the Korean dictator will listen to is Putin. But America has burned bridges over Syria, so there seems no alternative to the Korean situation escalating out of control.”

Last week’s market report concluded that with the Syrian situation deteriorating the outlook for the price of gold had rarely been better. Gold and silver have certainly risen, as our introductory chart indicates. Gold in European morning trade was up $34 from last Friday’s close at $1287, and silver up from $18.00 at $18.57. This is a short week given tomorrow’s Good Friday holiday, and with geopolitics taking centre-stage, traders are likely on balance to close short positions today, retaining their longs. More on geopolitics below.

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The post Market Report: Fear taking over appeared first on Silver For The People.

Source: http://silveristhenew.com/2017/04/16/market-report-fear-taking-over/

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