Gold and Silver In The Time Of Brexit

Gold and silver are the primary metals making up the precious metal family. During times of market stress, global uncertainty and political turmoil precious metals become volatile. Gold is viewed as a store of value, and rightly so. History tells us that having too many investments denominated in one currency is a recipe for disaster. Silver and other precious metals, such as platinum and palladium, have also benefited from the stress caused by the recent political crisis. While gold is still the preferred vehicle as a hedge against fear, silver has a growing appeal as a safe haven. As investing in silver becomes easier, more people may try to take advantage of that play to protect their portfolio.
Understanding and predicting price levels, entry and exit points in a volatile market are key to trading precious metals successful in the aftermath of Brexit. The gold price has increased 24% this year so far. And the risks to the global economy will make it the go-to investment for the rest of 2016.

About Barry Norman
Barry is the Director of Investors Trading Academy as well as the Senior Financial News Analyst for FxEmpire. He brings with him over 30 years of financial market knowledge and experience and holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. His analysis was awarded as “Best Education in Europe” by Globe Banking & Finance and he is also a presenter for the MoneyShow.  Recently he gained worldwide attention with his “Strategies of Three” and to date over 100,000 traders have attended his webinars and seminars
Barry taught commodities trading as a hobby, at the Learning Center in California for many years and is responsible for establishing the first ‘Circle of Traders” group, where charting was done by hand and traders had to network to find weather and crop information through personal connections prior to computers. He also currently produces a private Daily Market Review newsletter that is distributed around the globe to over 45,000 subscribers and recently published his newest book called “Forex Trading for the Advanced Binary Option trader,” which is available along with his other books at Amazon.com.
His trading style is that of a traditionalist, using basic charts, and relies on Support and Resistance and Volume along with historical data to help determine economic cycles as his technical indicators and a vast collection of fundamental data.
Barry understands that you use the information you gather through the internet, private sources, and the knowledge of time and experience to formulate a trade and then use technical analysis to help verify the validity of the trade and the time to enter and leave a market. Barry believes in the psychological philosophy of the “Herd Mentality” and believes that you should always be in the front of the herd. The principles of this philosophy include the following idea: You need to be ready to enter the market in the front and leave before everyone else. Set your trade rules, determine your entry points and your profit points and live by these rules. Never get greedy and never chase the market.