Trader Insights: Trading Tips for 2017
Bob Unterstein details how trading more passively can help navigate highly concentrated, low volume markets.
Besides the drivers we mentioned in the previous part of this series for the decline in precious metals, another crucial factor is the European Central Bank’s stimulus program.
Gold futures fell on Friday, September 15. Gold saw a weekly loss after three straight weeks of gains. Gold was down almost 1.9% last week.
B2Gold (BTG), Goldcorp (GG), Newmont Mining (NEM), and New Gold (NGD) were down 2.9%, 2.5%, 2.8%, and 4.6%, respectively, on September 11.
Friday, September 8, 2017, was an up day for gold when it touched its one-year high of $1,358.50 per ounce.
Besides global concerns hovering over the precious metals, there has also been a push from US dollar index. which fell 0.68% on September 7. The index has fallen ~1.9% during…
Precious metals have been buoyed by tension in North Korea. If North Korea does another missile test, it could prompt investors to move to haven assets such as gold, silver, Treasuries, and major currencies.
During the past week, average hourly earnings, excluding the farming industry, were below analysts’ expectation of 0.10%.
The economic damage wreaked by Hurricane Harvey could reach ~$24 billion.
Bitcoins can be sent across borders. Bitcoin payment will be the same as paying someone in the same country. People don’t use gold much anymore.
A distributed ledger is a database of transactions held and updated in decentralized form across different locations.
China’s gold demand increased ~10% year-over-year in 1H17.
The price-to-earnings (or PE) multiple of the S&P 500 has risen 80% since 2011.
The more-dovish-than-expected minutes from the Federal Reserve’s July meeting were released on August 16, 2017. These minutes impacted the dollar negatively.
The minutes from the Federal Reserve’s July meeting were published on August 16. The Fed signaled a potential slow rate of hikes going forward, given the lagging rate of inflation.
Gold acts as an inflation hedge for investors. When inflation rises, the value of the paper currency falls, as the same currency can now buy fewer goods and services.
The US jobs report showed that US employers added 209,000 jobs in July. This marks the second straight month of strong job gains.
Morgan Stanley (MS) equity strategist Tom Price believes that while gold has demonstrated its ability to persevere and preserve its value under all circumstances, Bitcoin’s platform “literally requires the lights to stay on.”
Ray Dalio, the chairman of Bridgewater Associates, recommends that investors hedge their risks, with gold forming at least 5%–10% of their portfolios.
Distributed Ledger Technology is Game Changing The most significant development that has come out of the digital currency craze is validation of distributed ledger technology. This technology has the potential…