Split, to take our convo out of PM, we are in a slow season for PMs naturally.
A lot of people are on vacation, another Indian buying season will start in September. And the price usually starts to swing to the tune of 50 bucks or so a day for Gold.
Base metals are very, very, reliant on demand and who is seeking them.
The PMs are now even more than ever considered an investment and something to hold onto long term.
The only base metal I hold LT is copper b/c I see huge upside potential above 5 USD per lb. futures.
Steel? No, not gonna hoard that, - not saying it can't make you cash, but, base metals have more rapid, unpredictable swings than do the PMs.
I hope this makes sense.....
The chart can change.
A lot of people are on vacation, another Indian buying season will start in September. And the price usually starts to swing to the tune of 50 bucks or so a day for Gold.
Base metals are very, very, reliant on demand and who is seeking them.
The PMs are now even more than ever considered an investment and something to hold onto long term.
The only base metal I hold LT is copper b/c I see huge upside potential above 5 USD per lb. futures.
Steel? No, not gonna hoard that, - not saying it can't make you cash, but, base metals have more rapid, unpredictable swings than do the PMs.
I hope this makes sense.....
The chart can change.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News