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| *** Market Conditions Alert *** | | |
Gold prices have remained buoyant above $2,000, aided by last week's Fed pivot on the direction of interest rates.
The yellow metal remains in a bullish posture, as traders continue to expect a decisive breakout above $2,075 after the most recent false start.
Meanwhile, technical analysts have spotted an inverse head-and-shoulder pattern on the gold chart, stretching back to the first time gold hit $2,075 back in 2020.
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This pattern is thought to be highly bullish; the "neckline" is at the all-time high (which has now been reached on four separate occasions).
Silver remains weaker, struggling to maintain the $25 level.
If gold ultimately breaks out to all-time highs, though, silver could finally get moving and break above $26 on the way to its key $30 level.
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At Money Metals, we've seen an unusual amount of gold selling this month, suggesting that retail investors are pocketing their gains by taking some money off the table.
Not only is Money Metals the best overall dealer on the buy side, but we are also extremely competitive when it comes time to sell your precious metals.
The Free Kennedy Silver Half Dollar promotion ends tomorrow – all $500+ silver orders receive this free coin bonus! Also, get your gift orders placed today by credit card if you are hoping for delivery before Christmas!
Simply order online at MoneyMetals.com or call 1-800-800-1865!
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| 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. | | |
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