Stronger US Dollar and Fed policy may lead the precocious metals into recession in 2017
For my opinion we are going to see weakness in platinum, oil, gold and silver against the rising US dollar. Furthermore, the change in the US central bank’s policy from infinite monetary easing to indirect helicopter money will ultimately raise both inflation and growth, but only through a recession
Ill focus on these 3 commodities from precocious metal category
Gold to 986- 1028 area as long as below 1238 area
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| gold forecast |
we can see at CME Cot report that there is more room for big move: take look on the spreading and position, I’m expect to see strong decline /decrease on the position before the trend will change, till then the trend is remaining negative
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| gold cot |
Silver to 12.50 area as long as below 17.80 area
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| silver price forecast |
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| xag/usd |
Platinum: 670-720 area as long as below 814 area
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| platinum analysis forecast |
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| platinum price forecast |
We can see at CME Cot report that there is more room for short:
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| platinum cot data |
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