Like gold, silver has fallen sharply in the U.S. dollar’s slipstream. From a high of around $17.30 in June, the precious metal has fallen to a low so far of $15.20. The $2.10 slide might not sound much in nominal terms but represents a sizeable 12.1% decline in percentage terms. Sentiment towards both precious metals are very bearish at the moment.
We are coming to the next phase of the divergence. I woke up this morning, turned on the box and first commentator I saw said we’ve started the next leg up in the bull market. Some of these people take it for granted the market is going up again. Has anyone noticed the Dow and SPX peaked in January?
This is supposed to be a seasonally bullish period. From the end of quarter window dressing through the July 4 holiday the stock market tilts to the bullish side; not always or every year but generally speaking. Why the markets are open on July 4 is another story, but consider the first and last hour without the midday doldrums.
MODERN TRADER explores the effect of a potential trade war on U.S. equity markets. Will it end the bull run or will low interest rates allow U.S. equities to maintain its momentum? Read on. We also attempt to identify the key drivers of active equity hedge funds.
With much of the attention on Bitcoin becoming a potential replacement for gold (which we don’t agree with) silver has been almost forgotten. The grey precious metal has been trading inside a very narrow range with no clear directional bias for a very long time now.
Gold, silver, and mining stocks moved higher once again yesterday and the former even managed to move above the declining trend channel. Breakouts are bullish and thus the outlook for gold improved significantly… Or did it? Gold’s price in terms of the euro and gold’s relative performance to silver and mining stocks make replying to the above question quite easily.