There appears to be a definitive change in psychology in the precious metals complex. In the past month gold, silver and palladium all managed to make strong gains concurrently, and we view that as a sign of broadening of bullish forces. While the markets still appear to be focused on safe-haven and currency-related action, the fourth quarter washout in equity prices has clearly stirred what appears to be a rotation of investment capital toward gold, silver and palladium, and perhaps more importantly, a return to classic, safe-haven conditions.
All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
