We are a Singapore registered company that specialises in physical bullion trading in Gold, Silver and Platinum at real-time pricing, completed with a whole array of services.
+65 6222 9703 | Mon to Fri: 10am to 5.45pm | Sat: 10am to 12.45pm
Email: enquiry@goldsilvercentral.com.sg
GoldSilver Central Pte. Ltd.
3 Pickering Street #01-15/16 Nankin Row Singapore 048660
In the vast realm of precious metals markets, regardless of whether you identify as a retail trader, full-time professional, part-time enthusiast, or long-term investor, you employ a variety of styles to trade precious metals. Each style comes with its own set of strategies, time frames, and analytical approaches. Let’s take a closer look at some of the most popular trading styles to help you understand which style suits you best.
Scalping: Seizing the Micro-Moments
Scalpers are the sprinters of the trading world. Their strategy revolves around exploiting small price changes in the markets, executing rapid-fire trades that last mere seconds to minutes. The typical time frame they focus on is 1 to 5-minute charts. The focus here is on quantity rather than quality, with traders aiming to accumulate profits from numerous small trades throughout the day. If you thrive in fast-paced environments and enjoy making quick decisions, this style may be suitable for you. However, the disadvantage is that it can be mentally taxing and requires a high level of concentration and discipline.
Day Trading: The Intraday Game
Day traders are all about seizing opportunities within the same trading day. They work with short to medium time frames, typically ranging from minutes to hours, such as daily, 4-hourly, or hourly charts. Day traders keep a sharp eye on market volatility and aim to make quick decisions to profit from short-term price movements. They might utilize various technical indicators, and news events can act as catalysts for their trades. This style is suitable for individuals who are agile decision-makers and can manage the emotional demands of fast-paced trading. However, it’s important to note that day trading requires constant monitoring and may not be ideal for those with limited time during the trading day.
Swing Trading: Capturing the Price Swings
Swing traders are the surfers of market trends. They seek to ride the waves of price movements over a span of days to weeks. Analyzing both fundamental factors like economic data such as CPI and PPI, as well as technical aspects such as support and resistance levels. Swing traders aim to capture substantial price swings and profit from the ups and downs of the market. This strategy is suitable for those who prefer a short to medium-term approach, typically spanning a few days to a few weeks. It’s well-suited for individuals who can commit a bit more time and analysis to their trades than day traders.
Position Trading: The Patient Investors
Position traders are the marathon runners of the trading world. They have a long-term perspective, holding positions for weeks, months, or even years. Their approach involves a deep dive into macroeconomic factors like monetary policies, government changes, and geopolitical risks. Fundamental analysis, inflation trends, economic indicators, and industry analysis play a significant role in their decision-making process. Position trading is a strategy well-suited for those who prefer a more relaxed, patient approach to investing in the financial markets.
Each trading style has different risk tolerances and is suited to different types of risk-takers with varying risk appetites and time commitments. Whether you’re a quick-thinking scalper or a patient position trader, the key to success in the trading world is to adopt a style that aligns with your goals and to continually refine your strategy as you gain experience.
Have you found your trading style? If so, you can start trading on GSC Live! A demo account is available, allowing you to practice before entering the real world of trading.
Deepavali, known as the Festival of Lights, holds a special place in the hearts of Hindus, and Dhanteras, its first day, sees a significant increase in Gold sales across India. The term “Dhanteras” combines “dhan,” symbolizing wealth, and “teras,” signifying the 13th day, making it an auspicious time for Gold transactions.
During Dhanteras, families come together to acquire Gold, whether in the form of jewelry or bullion. Jewelry shops and markets bustle with activity as shoppers select exquisite pieces. Many partake in the time-honored tradition of gifting Gold to symbolize commitment and share in the blessings of prosperity and joy.
But what makes purchasing Gold during Deepavali so auspicious? In Hindu tradition, Gold is seen as the embodiment of Goddess Lakshmi, the Goddess of Wealth. Acquiring Gold on this day is believed to invite Goddess Lakshmi into one’s home, bestowing blessings of abundance upon the family.
Gifting Gold during Diwali goes beyond a display of opulence; it is a deeply ingrained practice. In Indian mythology, Gold is intrinsically connected to Goddess Lakshmi, representing financial well-being. Presenting Gold invokes her blessings, assuring prosperity in the year ahead, symbolizing the illumination of life with wealth and happiness. Beyond its material worth, gifting Gold during Diwali reinforces family bonds, signifying love, respect, and well-wishes for the recipient’s prosperity.
With Deepavali just around the corner, explore our exclusive promotion featuring precious Gold and Silver products. Discover unique items that can bring you added luck and prosperity during this festive season!
Gold Outlook for Q4 2023 (Update)
Our system has turned bullish for Q4 2023, indicating that Gold has ended its cyclical downtrend last week and is now expected to move higher over this quarter. The bears have stepped aside, and the bulls have taken control of the Gold market. The bulls may be attempting to retest the strength of supply at US$2,000/oz level, which they failed to breach on last Friday.
Please feel free to contact us if you require additional information or have any further questions regarding our Q4 outlook for precious metals. We are always here to assist you. Happy trading!
In recent quarters, we find ourselves inundated with new buzzwords such as interest rates, inflation, and the strength of the US dollar. Although we may be familiar with these terms, do we genuinely comprehend their influence on Gold prices or how Gold responds to various economic indicators? In this article, we will explore the complex relationship between critical economic indicators such as inflation and interest rates and the strength of the US dollar with Gold prices.
Inflation and Gold prices
Inflation, which is the general increase in the price level of goods and services, is one of the most significant economic indicators that affect the price of Gold. The logic behind this connection is quite straightforward: when inflation rises, the purchasing power of a currency declines. Consequently, investors and central banks often turn to Gold as a safe haven to preserve their wealth.
Recent Trends: Gold prices are currently trading near its all-time highs. This reaffirms Gold’s traditional role as a hedge against the devaluation of fiat currencies
Note: Generally, the higher the inflation rate, the higher the Gold price.
Interest Rates
When interest rates in the economy rise, you can potentially earn more money by putting your funds in savings accounts or investing in assets such as bonds. Gold, on the other hand, doesn’t generate any interest, thus becomes less attractive. Conversely, when interest rates are very low or even negative, Gold becomes more appealing as there are limited opportunities to earn interest from other investments.
Note: High interest rates make Gold less appealing, while low or negative rates make it more attractive.
US Dollar Strength
How does the strength of the US Dollar affect your ability to buy Gold? Let’s illustrate this with a simple example of purchasing Gold with SGD. When the US Dollar is strong, it becomes more valuable compared to other currencies. In practical terms, if the US Dollar is strong, it takes more of your currency to buy the same amount of Gold. This can make Gold appear more expensive to acquire with your country’s currency, which can reduce the demand for Gold and typically lead to lower Gold prices.
Note: The strength of the US dollar and the price of Gold often move in opposite directions.
The relationship between global economic indicators and Gold prices is intricate and interrelated. While inflation, interest rates, and the strength of the US Dollar play significant roles, additional factors such as geopolitical tensions, currency strength, and overall economic stability also exert influence on the price of Gold.
At GoldSilver Central, we are committed to providing knowledge and educational value to our clients seeking to build a robust portfolio in precious metals. Over the years, we have been delighted to grow alongside our clients in their journey of learning about precious metal investments. Please feel free to reach out to us if you have any questions or would like to learn more about investing in precious metals.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial or investment advice. Investing in precious metals carries inherent risks, and market conditions can change rapidly. The notes and observations mentioned here are based on historical trends and typical scenarios, but they may not accurately predict future market movements.
Investors are strongly advised to conduct their own research, consult with a qualified financial advisor, and consider their unique financial situation before making any investment decisions. Past performance is not indicative of future results, and no guarantees of profits or loss protection are implied.
The information presented here is subject to change without notice, and we do not assume any responsibility for the accuracy, completeness, or reliability of the content. Market conditions can change rapidly, and the accuracy, completeness, or reliability of the content cannot be guaranteed. Diversification and careful consideration of one’s financial goals and risk tolerance are essential when investing in precious metals or any other assets.
Gold prices fell by 3.65% or $70 during Q3, which was consistent with our Q3 projection. For Q4 2023, our system suggests that Gold remains on a cyclical downtrend. The bears are still in control and may be attempting to test the strength of demand at US$1,804.10/oz level, which is the current 2023 year low for Gold.
During Q3, Silver prices fell by 2.55% or $0.58, which was also in line with our Q3 projection. For Q4 2023, our system shows that Silver prices will be range-bound but skewed to the downside. The bears have set their next target at US$19.85/oz, which is the current year low for Silver in 2023.
Our system suggests that if the precious metals market continues to decline this quarter, Silver may underperform Gold and fall more.
Platinum prices ended Q3 with a small gain of $4.40 or 0.49%, despite our system forecasting a drop for Q3. For Q4 2023, our system projects that Platinum prices will continue to trade sideways within the US$880/oz and US$990/oz price level.
Please feel free to contact us if you require additional information or have any further questions regarding our Q4 outlook for precious metals. We are always here to assist you. Happy trading!
Dear Valued Clients and Friends,
As the Mid-Autumn Festival approaches, we find ourselves reflecting on the incredible journey we’ve been on together. This special occasion offers us the perfect opportunity to express our appreciation for your unwavering support.
Since the easing of the previous Covid-19’s restrictions, we noticed a heartwarming shift. Many of you have embraced the chance to embark on holidays and travel adventures, reconnecting with loved ones and creating cherished memories. We couldn’t be happier to hear about these heartwarming experiences, knowing that you have been able to enjoy quality time with your families and friends.
Your trust and loyalty have been a guiding light for us, and your stories of joy and togetherness, whether through travel or local gatherings, have inspired us. This Mid-Autumn Festival, we wish you an abundance of happiness, good health, and the continued opportunity to create beautiful memories with your loved ones, whether near or far.
As we look ahead, we are excited to continue serving you and be part of your precious metals journey. Once again, thank you for being an essential part of our journey. Your support means the world to us.
Happy Mid-Autumn Festival!
Warmest wishes,
GoldSilver Central Family
亲爱的尊贵客户和朋友们,
随着中秋节的临近,我们不禁回顾起我们一起走过的旅程。在这个特殊的节日,我们想乘着这个绝佳的机会,对您坚定的支持,表达深切感激。
自从新冠疫情以往的限制已解除,我们见证了一种令人感到温暖的变化。许多人纷纷抓住机会去度假和旅行,重新与亲人团聚,创造了珍贵的回忆。听到这些温馨的故事,我们感到非常高兴。
您的信任和忠诚对我们来说是一盏明灯,无论是通过旅行还是聚会,你们的快乐和团聚故事都鼓舞着我们。在这个中秋佳节,我们衷心祝愿你们幸福、健康,继续与亲朋好友创造美好回忆,无论距离远近。
展望未来,我们迫不及待地期待继续为你们提供服务,共同成长。再次感谢您成为我们旅程中不可或缺的一部分。您的支持对我们意义重大。
中秋节快乐!
最诚挚的祝愿,
金银中央全体成员
GoldSilver Central Pte Ltd (UEN: 201107187N), a Singapore registered company since 2011 specialises in physical bullion trading in gold, silver and platinum at real-time pricing, industry bullion supply, bullion buying and selling, collateral loan and secured storage under GoldSilver Central’s Bullion Storage Program at the Le Freeport.
Monday to Friday:
10:00am - 05:45pm
Saturday:
10.00am - 12.45pm
3 Pickering Street #01-15/16
Nankin Row
Singapore 048660
enquiry@goldsilvercentral.com.sg
+65 6222 9703
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