European Debt saw profit taking, and I assume some from running of expected ECB Bond buying in the A.M. I bought; SLV 17 Calls @ 15 cents for Friday GLD 142 calls @ .36 cents for Friday This was a small … Continue reading
It’s an upside down world with big players wrong-footed. This article explains yesterday’s rotation as good as any. https://www.zerohedge.com/news/2019-09-09/stocks-are-suddenly-plunging Silver confirmed last Wednesday’s high by completing a reversal off the double top. Spoo’s completed a pressure relief back and fill … Continue reading
China reportedly bought 100 Tons of Gold. Gold and Silver held last night. The jury will be out until Thursday’s ECB meeting whether this is a pause in the rally or there is more to come. Silver vs Yuan & … Continue reading
Daily Market Intelligence 9-6-19
It pays to read and listen to YRA!!! Not only do you have matches @ the 50 Qtly MA in the Silver, the 100X3 showed the potential of a double top. Now you see that Gold/Silver is showing a reversal … Continue reading
Daily Market Intelligence 9-5-19
A headline driven rally to nowhere? I’ll reserve judgement until after the U.S. capital flow shows itself. Spoo’s will take into the 40’s to turn up on the 50X3. Midcap rallied back to its 200 DMA Russell is nowhere. Silver hit … Continue reading
Daily Market Intelligence 9-4-19
Daily Market Intelligence 9-2-19
Indices …classic opening range trade. SIL,GDX & VXX were bought early. Big cap tech led the selloff. Energy buyers looking for yield early puked later. This is the end of the London flow with traders exiting Risk for the long weekend. … Continue reading