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Gold below 1200 and silver below 17:00 with Cable and euro
taking a knock as the greenback rally continues.Gold and silver not acting as safe havens but more like
raw materials with industrial demand falling. But how
can this be with all those new US and UK workers
finding riches in employment 🙂Never give up, never surrender.
German public holiday so Dax traders get a rest which
could setup a gap on monday. Entry in notebookIf US holds these gains then it’s possible.
Never give up, never surrender.
German public holiday so Dax traders get a rest which
could setup a gap on monday. Entry in notebookIf US holds these gains then it’s possible.
England and France and Italy were not so bully as
the US so maybe the Dax gap up is more limited.Never give up, never surrender.
Gold and silver getting squashed. I think they are like one of those popper things you had as a kid. It had a little spring, you push it and it sticks to the floor before the pressure eventually makes it spring high into the air.
I suspect they will “revalue” it overnight one day and that’ll be that. It’s happened before although in 1980 it traded its way over 800 as Dow was lower thus making the ratio less than 1. Work out the ratio today… A tad over 14 – a bit of work to be done to get back to 1. I’d rather it trade it’s way higher but crooks are crooks.
Dan.
I am attracted to owning physical silver and holding for many years.
At 15:00 I would most likely take a small long trade.
Never give up, never surrender.
I am still expecting the Ftse to make a new low in October
even if my 6000 retest does not happen I only need a dip
below 6500 to move stops and yield a small profit.As the usd:cad retests a previous peak I have taken a
small short and here again I do not need much of a
drop to make it worthwhile.So they are my two small low risk trades atm.
Never give up, never surrender.
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