Gold
- Joined Dec 2015 | Status: Member | 1,048 Posts
On today's candle I'm showing buying support at the bottom of the day and very weak selling at the top. I am expecting higher highs (
) tomorrow.
**Edit** Silver market BTW...sorry I didn't specify
) tomorrow.**Edit** Silver market BTW...sorry I didn't specify
Do more of that which succeeds and less of that which does not - Dennis Gar
On today's candle I'm showing buying support at the bottom of the day and very weak selling at the top. I am expecting higher highs (
- Joined May 2019 | Status: iTrade | 510 Posts
**Edit** Silver market BTW...sorry I didn't specify
Copper {image} {image}
I'm having a tough time figuring out where copper is going. There are so many factors at play right now. We have the tariffs of course, as well as the trade wars. But more important than any of that, at least to Dr. Copper, is the global slowdown.
While concerns still loom over China and how much of a slowdown we'll see, the US seems to be heading into a recession. Yield curve has been trying to invert. But the most surprising thing, gentlemen I present to you this: The market is now pricing in three rate cuts by year's end. Surprising.
Check out CME FedWatch Tool:
We must learn who is gold, and who is gold plated
Are you predicting copper to come down? I'm having a tough time figuring out where copper is going.
There's just that one conspicuous drop in 2021.
But the most surprising thing, gentlemen I present to you this: The market is now pricing in three rate cuts by year's end. Surprising. {image} Check out CME FedWatch Tool: {image}
Cutting soon is probably the prudent move, but it's not difficult to envision a future where they've cut 75bps and suddenly have an inflation problem. The Fed is in a difficult spot.
Self-sufficiency is the greatest of all wealth. - Epicurus
{quote} Thanks
- Joined May 2019 | Status: iTrade | 510 Posts
{quote} I expect S/M term upward move before copper resuming its downward. {image} {image}
You are the honorary recipient of the Dr. Copper cup.
We must learn who is gold, and who is gold plated
- Joined Dec 2015 | Status: Member | 1,048 Posts
Still buying going on in the Spot Silver Market but...
buying is weak (at least to this point in the day). More importantly is that significant selling near the lows of the day where absorbed. I have moved my stop up to protect 45 pts. (450 pips).
buying is weak (at least to this point in the day). More importantly is that significant selling near the lows of the day where absorbed. I have moved my stop up to protect 45 pts. (450 pips).
Do more of that which succeeds and less of that which does not - Dennis Gar
- Joined Dec 2015 | Status: Member | 1,048 Posts
...I'm still wrapping my head around precious metals and my punishment is a big whooping in my tradesLearning is expensive!
Do more of that which succeeds and less of that which does not - Dennis Gar
- | Joined Jun 2019 | Status: Member | 238 Posts
{quote} It helps me to know that precious metals (like wheat or corn) are commodities. As such are subject to intraday volatility but are governed by larger concerns and economies. Thus intraday volatility is usually due to news (rumor), but has little consequence to the larger perspective. After losing a great deal trying to be profitable intraday trading on Gold, I started using much larger time frames to get a larger perspective on the commodities markets. These have improved my trading on almost all commodities including FX...which is also a...
GOLD All Time Return:
113.2%
- Joined Sep 2017 | Status: Still a total mystery | 855 Posts
I would expect gold to now deflate a little, as EUR/USD.
It is always good to own some gold and cash however
It is always good to own some gold and cash however
Can you afford to take that chance?
SINGLE STRIKE, EPIC PROFIT (500% return) Return This Year:
500.3%
| Thread Tools | Search this Thread |
| |