Goldex

Trade Recommendation 14-18th Jan

CPM Group

Commodities Research

Timestamp (GMT)
11th Jan 16:21 £32.35g
Direction
Buy
Target Price / Range
£32.60g
Timeframe
14-18th Jan

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: If you were not a buyer when gold prices were lower, then you should buy now. While prices have been volatile, they remain on an uptrend and support on the charts is building. The impasse on the funding of several government entities in the U.S. continues to be supportive of gold prices. Rising equity values appear to have tempered rising gold prices this past week, but this could reverse soon. A reallocation of assets likely provided some support to equities and there was some bargain buying. This said, gold continues to gain support from investors as uncertainty about financial and the political arena appears to be rising this month.

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  1. 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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