FLASH GAGE – News Headlines Impacting Precious Metals

Dillon Gage - Flash Market Update

Quick bullet points from the news that are impacting this morning’s precious metals market:

  • Silver ETF hits all time high overnight. Silver ETF holdings now at 671,792,257 ounces.
  • Dollar index breaks thru the 99 level. BUT the stronger dollar is not effecting the price of gold this morning.
  • Odds increase of a likely FED hike in December to 74 percent.
  • The Wall Street Journal reports this morning that German companies are sitting on 500 billion dollars in cash.
    Company executives blame their reticence on weak economic outlook, regulatory uncertainties and geopolitical risks.

  • Some German banks are reporting that investors continue to be steady buyers of physical gold. Negative interest rates forces bank clients to hold cash and metals in their recently purchased safes in their homes, as some Germans lose confidence in the German banking system.

    Have a wonderful Tuesday.

    Disclaimer: This editorial has been prepared by Walter Pehowich of Dillon Gage Metals. This document is for information and thought-provoking purposes only and does not purport to predict or forecast actual results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein are current opinions as of the date appearing in this editorial only and are subject to change without notice and cannot be attributable to Dillon Gage. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. This information is provided with the understanding that with respect to the opinions provided herein, that you will make your own independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your own judgment, and that you are capable of understanding and assessing the merits of a course of action. You may not rely on the statements contained herein. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisors with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.