Gold and Silver Prices Surge on Growing Economic Concerns

Gold and silver prices have been surging significantly higher as investors seek safe-haven investments to guard against further monetary easing by global central banks following the Brexit vote. With political and economic concerns firmly entrenched, precious metals like gold and silver continue to represent excellent long-term investing options for investors looking to diversify their portfolio.

Gold and Silver Prices Soar

Gold and silver have been some of the top-performing assets so far in 2016. Gold prices are up roughly 26% since January 1 at a two-year high of approximately $1,355 per ounce.

Silver prices have soared even higher, up 44% over the same period at nearly $20.00 per ounce. Silver tends to attract more speculative bets than other precious metals like gold and platinum because of its lower cost.

But it didn’t start out that way. In December, gold was trading at a five-year low while silver was trading at a five-and-a-half-year low. Precious metal prices were dragged down in large part by fears of rising interest rates in the U.S., the world’s biggest economy.

The U.S Federal Reserve raised its key lending rate in December for the first time in nearly a decade, certain the U.S. economy was on the rebound. As a result, investors shunned precious metals.

The start of 2016 saw gold and silver prices mount a remarkable turnaround. Silver and gold prices surged in the early part of the year as economic data from the U.S. showed the country was not as strong economically as initially thought. Furthermore, economic concerns out of China, Japan, and the eurozone continued to grow, suggesting a global recession was not out of the equation.

Gold and silver prices received a further boost in late June after the United Kingdom voted to exit the European Union. This buoyed fears that the U.K.’s fragile economy could tip into a recession. To prevent this, it is expected that the Bank of England will introduce further monetary easing strategies, possibly reducing interest rates to zero from the current record low of 0.5%. This could help improve economic conditions in the U.K., but it also reflects weaker growth expectations and devalues other assets.

Physical gold and silver prices may give up short-term ground to profit taking, but the growing fears about the global economy, the impact the Brexit vote will have on the British economy, and tumbling interest rates around the world should support higher precious metal prices in the second half of 2016.

Learn-To-Trade.com, Toronto’s Leader in Stock Market Trading Courses

All of this opens the window to investing opportunities for those who have a strong understanding of various investing strategies, whether that means buying physical gold or silver, mining stocks (which have soared even higher than gold and silver prices), or precious metal exchange-traded funds, trading currencies, or even betting against the S&P 500.

Of course, there will always be inherent risks when investing. But the more you understand the stock market, the greater your chances are of finding a disciplined approach to the financial markets—one that will help you trade confidently and profit consistently.

As the leading and oldest provider of stock market training courses in Canada, Learn-To-Trade.com is led by licensed industry professionals. Because of their years of experience, the trading experts at Learn-To-Trade.com can show you how to profit whether the stock market is going up, down, or sideways.

In addition to learning about various proven trading strategies, you’ll also discover the benefits of our lifetime membership, which allows you to re-attend any part of the program you like, as many times as you like.

To learn more about Learn-To-Trade.com’s stock market trading course, call us at 416-510-5560 or e-mail us at info@learn-to-trade.com.

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George Karpouzis is the co-founder of Learn-to-Trade and has been personally providing education and mentoring to over 3000 members since 1999. George has been trading in the stocks, options, futures and forex markets using technical analysis since 1986. With the help of advancements in trading technology the Learn To Trade program is now accessible worldwide. His background and passion for teaching brings an invaluable asset to our members. George is constantly striving to improve the program content and develop new strategic relationships for the benefit of the members. Add me to your G+

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I wanted to let you know that I had taken your course in the fall of 2013. I took your advice and used demo accounts for the last quarter of 2013. I switched to real money trading account in the Near Year, when I finally felt comfortable. Following the lessons taught to me by you (don’t jump on a moving train, peaks and valleys, EMA..etc), I wanted to let you know that I have been successful beyond my own expectations. Thank you very much – taking the Learn-to-Trade course was, by far, the best decision I made in my business career.

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I took your course in 2008 and loved it. Since then I have been using what I learned at Learn-to-Trade to nicely supplement my pension income. Wanting a carefree type of trading, I have for the most part just sold options and made a monthly income which is a nice addition to my pension. I know I never would have made this kind of trading income without Learn-to-Trade. Thank you!

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