|
|
|
|
|
** Market Conditions Report **
|
|
|
|
Precious metals continue to trade sideways below key price resistance levels.
The longer gold trades over $2,000 and silver over $25, the more likely they are to break through their respective resistance levels of $2,080 and $26, rather than moving lower.
|
|
|
|
Time will tell.
Availability of inventory from wholesalers and mints remains solid.
Well capitalized dealers like Money Metals are running smoothly at present, after several weeks of having to quote modest shipping delays due to frenetic demand from the bank panic.
|
|
|
|
Money Metals hired two dozen employees last month to handle the unprecedented order volume. Demand has leveled off for now.
Banking crisis fears seem to have abated, but we are by no means out of the woods. Many analysts are predicting new issues will emerge. The latest Fed interest rate hike puts further pressure on over-leveraged banks, as depositors flee for higher yields and safer havens, bleeding away banks’ lower-cost capital base.
|
|
|
|
|
|
|
|
Other Great Options to Consider
|
|
|
|
|
|
|
|
|
|
|
| This copyrighted material may not be republished without express permission. Offer only available through email promotion. Offer does not apply to previous orders and may not be combined with any other offer or program. Special shipping rates or other restrictions may apply to international orders. The information presented here is for general educational purposes only. Money Metals Exchange and its staff do not act as personal investment advisors. Nor do we advocate the purchase or sale of any regulated security listed on any exchange for any specific individual. While our track record is excellent, investment markets have inherent risks and there can be no assurance of future profits. You are responsible for your investment decisions, and they should be made in consultation with your own advisors. By purchasing from Money Metals, you understand our company is not responsible for any losses caused by your investment decisions, nor do we have any claim to any market gains you may enjoy. Money Metals Exchange is not a regulated trading “exchange” as defined by the CFTC and the SEC. |
|
|
