Let’s just take a second to comment on the delusional 60 Minutes interview from Chairman Powell; “The time to balance budgets is in time on high employment and economic prosperity” “Yes I watch the markets” “Now is not the time … Continue reading
Daily Market Intelligence 5-18-20
Silver was the instrument that I let slip through the cracks. 16.95 is its 200 DMA. It’s currently trading @ a significant level for a myriad of reasons. Indices went to the levels spoke about late day and rejected. Spoo’s … Continue reading
Daily Market Intelligence 5-11-20
Everyone is waiting on the ECB. Bunds are in rally mode expecting more liquidity from Lagarde. Gilts are up with the Pounds as the continent seems to be voting with their money. Nasd/Bonds rejected its 200 DMA on a first … Continue reading
Daily Market Intelligence 4-30-20
Silver rolled to July (N). If you use an Active Daily Continuation you’ll be looking at the correct chart. Silver Vs Euro & Swiss Franc Futures show upside breakout potential. Silver (N) 15.59, its 50 DMA, needs to be sustained … Continue reading
Daily Market Intelligence 4-15-20
Silver would need two closes over last night’s high to continue higher. Gold is trading from one level on the sheets to the next. Aussie would need to hold above 63.36 after today’s G-7 call to remind firm. GBP…will react … Continue reading
Daily Market Intelligence 4-13-20