Bullish Sentiment May Return to Precious Metals Market | La Jolla …
By Peter Kevorkian,
United Coins & Precious Metals
Sell Gold in La Jolla – How to do it in a bull market. Peter Kevorkian at United Coins and Precious Metals discusses the current state of gold in the stock market.
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Sell Gold in La Jolla – How to do it in a bull market. Peter Kevorkian at United Coins and Precious Metals discusses the current state of gold in the stock market.
Gold prices, like many other commodities on the stock market, are largely affected by world events even though we may not initially realize it. The truth is that any type of global affair can affect public perception, trickling down to the stock market where gold prices either grow or decline depending on public confidence.
Gold prices have made a steady climb into a three-month high in London according to
reportsatMoneyNews,introducing what many experts believe could be the beginning of a bullish market for gold commodities. Prices climbed after speculation mounted over an attack against Syria, causing the demand for the precious metal to increase accordingly. Silver also rose to a four-month high.This type of investing is referred to as “safe haven buying” — an investment that is expected to retain its value or even increase its value in times of market turbulence.*“We are seeing safe haven buying across the board,” said Bernard Sin, head of currency and metal trading at bullion refiner MKS (Switzerland) SA in Geneva according to reports. “Geopolitical uncertainty triggered this buying interest.”Political apprehension contributed to gold rising by as much as 1.3 percent to $1,433.83 an ounce – the highest since May 14. If gold prices close at $1440.78, it would place the commodity at 20 percent above its 34-month low, introducing by all intents and purposes a bullish market for gold.But events surrounding the uncertainty in Syria aren’t all that affects gold prices. Other factors can further spur a bullish market such as:SLOWING ECONOMIC RECOVERY.With weak job numbers, investors may look to gold instead of other investments to strengthen portfolios. This, in turn, could further stimulate a bull market for gold.THE FED.Many investors are turning to commodities like gold thanks in part to rising yields on bonds. If demand continues to rise, gold prices will soon follow.HOUSING BUBBLE.Could we be in a new real estate bubble? Experts say it’s possible with its recently reborn demand. With uncertainty in the future of real estate, gold may be a more stable and reliable investment option which, if investors follow suit, could further propel its looming bullish market.GOLD: BUY OR SELL NOW?The question on everyone’s mind is what to do about gold – should you buy or sell? Conventional wisdom tells us that we ought to buy low, sell high. If a bullish market is in store for gold prices, then it can only up from here. With that in mind, consult with your financial advisor on the best move for your portfolio or give us a call at 1 (858) 412-6462 or online athttp://UnitedCPM.comto find out how gold can work toward the benefit of your financial portfolio.–*Definition according toInvestopedia.com
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Bullish Sentiment May Return to Precious Metals Market | La Jolla …
