Time To Take Your Precious Metal And Energy Profits Off The Table

Chart, Trading, Courses, Forex, Analysis

Image Source: Pixabay

Energy stocks have been on a tear recently. Gold, silver, and other metal shares have had an impressive run, too. Their rise has been particularly impressive because the rally has defied the long odds imposed by rising bond yields. But that’s all in some doubt now.

These markets find themselves in a fairly precarious position thanks to a collapsing dollar. If that fall continues, it’ll lead to higher prices. Besides, the price action of energy and metals shares looks mighty extended right now. The government is teeing up some key inflation data for release this week, and if traders don’t like what they see, these bellwether commodities could start falling fast. So, time to take profits - here’s what to do…

Video Length: 00:20:08

More By This Author:

Volatility Rumbles As A Market Reversal Looms
Something Just Broke The Markets
Fear And Loathing Ahead Of Payroll Numbers

Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.