news.goldseek.com / By: Chintan Karnani, Insignia Consultants / 15 December 2017
The European central bank meeting was a dud. I do not believe in their inflation targets. The trend for the US dollar is still bearish. Gold and silver can see small periods of big one way rises followed by long periods of consolidation. Copper is bullish. I will prefer to use a buy on dips strategy as long as crude oil trades over $55 for the rest of the day. Global year end travel season will begin from tomorrow. Travel related energy demand will rise for a month.
“Wolf cry” this year was the fall in stock markets. “Wolf” never came. When the actual wolf in the form of a bearish trend in global stock markets comes next year, most of the retail investors will be heavily invested in stock markets. Do not sleep on your short term stock investments next year.