Gold/silver:This is a game changer for precious metals
Precious Metals traded uneasily early in the week leading into the latest FOMC meeting, where weakening economic data led to the Fed's first"pivot." In conjunction with the rate decision, the Fed released the"dot plot," indicating two more 25 bps by year-end, taken from the Bank of Canada and the Reserve Bank of Australia's playbook.
The action by the Fed is entirely parallel to 2018. At the Fed's last hike in the 2018 cycle on December 20th, when the S&P was -17%, the bank said it planned to hike twice in 2019. That never happened. Instead, they cut three times that year, with the first coming in July. You can see how Gold played out below, resulting in a $700 rise over the next 18 months.
To further help you develop a trading plan, I went back through two decades of my trading strategies to create a Free New"5-Step Technical Analysis Guide to Gold that can easily apply to Silver." The guide will provide you with all the Technical analysis steps to create an actionable plan used as a foundation for entering and exiting the market. You can request yours here: 5-Step Technical Analysis Guide to Gold.
Having the flexibility to enter and exit the market quickly makes it essential for Precious Metals investors to have a futures trading account alongside their core Physical Precious Metals holdings.
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