Trade Recommendation 11-15th Feb

CPM Group

Commodities Research

Timestamp (GMT)
11th Feb 15:25 £32.62g
Direction
Buy
Target Price / Range
£32.88g
Timeframe
11-15th Feb

These trade recommendations are brought to you by CPM Group.

Due to market conditions, the views and positions of trade recommendations can quickly change. We strongly advise you to monitor our published trade recommendations on an ongoing basis.

Technicals: Gold prices remain in an upward trend. Profit-taking and the decline in prices recently should have been expected and was a buying opportunity. Uncertainty continues in the markets as equities have been declining over the past week and political discord in the U.S. continues to grow. Economic data continues to show expansionary conditions, which has caught many market participants by surprise. The government shut down and its negative effects remain to be seen and could prove damaging in the weeks or months ahead. Trade talks between the U.S. and China continue to cause concern and should be supportive of prices.

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Important Disclaimer
Past performance is no indication or guarantee of anticipated future profits and neither Goldex nor CPM can accept any liability or responsibility for any loss suffered as a result of gold price fluctuations. Gold as a commodity is not a specified investment for the purpose of giving advice under the Financial Services and Markets Act 2000. Therefore this trade recommendation does not give rise to rights to claim compensation under the Financial Services Compensation Scheme. CPM is a registered CTA with the U.S. NFA and CFTC. At times the principals and associates of CPM may have positions in the precious metals, commodity and equities markets. CPM also manages investment and industrial positions in markets for its clients.

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