Fears of the removal of the Federal Reserve chief, followed by a quicker pace of interest rate cuts (by the new Federal Reserve chief), It will result in (X) very high intraday volatility in gold and silver, and non-ferrous metals, and the US dollar Index. (XI) Pace of rise (of gold and silver) will quicken if and when there is confirmation that the Federal Reserve chief will be fired.
Issues related to the Federal Reserve chief can be the next market mover or market shaker after the Trump Trade Tariff deadline gets over on 1st August. Trump has been hinting at a new Federal Reserve chief since his election last November. It is only that markets are now taking it seriously.
Trump will continue to threaten every country in the world even after the trade deal is done. He wants to be in the global limelight every second. This is his nature. Trump is a businessman. He and his team are just making big money from his comments and threats, and social media posts. Let’s ignore him and focus on our own investment and our physical business.
“Zero Interest Rate Policy” (ZIRP) and/or “Negative Interest Rate Policy” (NIRP), as desired by US President Donald Trump, if implemented, may see a parabolic rise in the price of gold and silver and any asset class deemed as a safe haven. Asian central banks may have a tough time preventing sharp currency appreciation alongside managing inflationary pressures due to swift De-Dollarization.
“No Stop Loss – No Trade” for intraday traders. Never ever carry forward a loss-making intraday position for the next trading day. Do not worry if there is a continuous MTM loss on long-term investment in gold. Silver investors (less than eighteen months) should watch the technical is there MTM loss for than five consecutive trading sessions.
No one is invincible. Trump, playing the “ Mr. Invincible Game,” will be forced to earth before his term ends in 2029.
SPOT SILVER – current price $37.99
- Spot silver has to trade over $37.59 to rise to $38.60, $40.54, and more.
- A mild sell-off will be there if spot silver trades below $37.59 today to $37.36, $37.03, $36.70, and more.
- There will be some very sharp two-way price moves in silver.
- Views are intraday, unless otherwise specified.
Disclaimer
The investment ideas provided is purely independent view point and are solely for collective learning and for academic interests. There is no commercial benefit accruing or have deemed to accrue to me out of providing such investment ideas.
The investment ideas shared here cannot be construed as investment advice or so. If any reader is acting on these advices, they are requested to apply their prudence and consult their financial advisor before acting on any of the recommendations made here. I am not responsible to anybody in the event of profits and losses (if any) upon acting on such advice.
I hope that our reader is aware about this well aware of the risk involved in trading in commodity derivative trading.
Disclosure: I trade in India's MCX commodity exchange. I have open positions in India's MCX commodity future. I do not trade in CME future or OTC spot gold and spot silver.
NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
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PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
ALL PRICES/QUOTES IN THIS REPORT ARE IN US DOLLAR UNLESS OTHERWISE SPECIFED.
ALL NEWS IS TAKEN FROM REUTERS NEWSWIRES.
TECHNICAL ANALYSIS IS DONE FROM TRADINGVIEW SOFTWARE
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