Is the Gold and Silver price trying to tell us something?
Gold and Silver spot prices ($1340 and $16.54 respectively) are showing lot of strength today which is probably due to the uncertainty of the current political situation in Syria.
If this uncertainty continues over this weekend, both these metals could breakout to the upside in a big way (see my previous blog post on Silver posted on 24-Jan-2018).
I wonder if the famous saying about the superstition around Friday the 13th date is going to come true and that a war is about to start ? What do you think ?
DISCLAIMER: I'm not a financial adviser, nor a professional trader and nothing I say here is meant to be a recommendation to buy or sell any financial instrument. It is purely for educational purposes. Please don't invest money you can't afford to lose. Always do your own due diligence before trading or investing.
I absolutely agree that the Syrian situation is a big driver in the price of gold, not to mention the fears on the stock market. I have heard that gold could hit $1,700, maybe more this year. Silver is expected to take off and JP Morgan have accumulated a huge amount of silver, as you’ll know. Syria is also driving the cryptos, as well as the low price and Fomo 👍
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