Dollar weakness = Commodity strength Soybeans & Corn based yesterday and finished the strong with follow through. Silver…completed a 50% 5 day retrace. Metals are a buy the puke. I was asked about location yesterday. Low risk levels are not … Continue reading
Daily Market Intelligence 8-12-20
Metals…Copper is leading the bounce. Platinum must stay above 988 to remain firm Gold…must regain 2049 for a straight trade. GoldinEuros has a pattern similar to Platinum. Know how you’re trading these. Indices; you first attitude. Biotech lottos and JMIA … Continue reading
What if they gave a party and nobody came? Many markets put in extremes over the past 24 hours. Euro has a double top on the Point & Figure @ the opening range @ 119.19 Metals corrected last night after … Continue reading
All Silver…currently splitting its long term fibs. This is not the high. https://youtu.be/VBvEAkoXZts link to podcast with Yra, Tom Luongo and Nick Barisheff on precious metals courtesy of Financial Repression Authority. Thank you Richard! Spoo…3287.50 is needed for a pause … Continue reading
Euro…taking a little breather @ Month end up 6 figures. Pound is up $7.30 on the month. Spoo…keeps probing the bottom of the breakdown gap from February and backing off. Spreads are in a congestive pattern. Nasd/Bonds not backing off … Continue reading
VIX…27.04 matches up with an initial low in the Indices. Spoo…descent reversal on the 50X3 After a month of sideways action, Spoo gained on the DAX. DAX has retested its 50 DMA GDP should get the Lagos going early, followed … Continue reading
Daily Market Intelligence 7-30-20
Back to the 80’s. Silver spiked up $7400 a contract before breaking 20K a contract. Gold & Euro both paused. Silver..that could’ve been it for a while. The extreme was certainly big enough. It’s either the pause that refreshes or … Continue reading