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Dollar dropping, reversing this morning's London bludgeoning in the metals. might be a reversal point and a reasonable time to nibble.Looking to add a small piece today. Like a big gap down in the Silver miners this morning. MAG.
Zed, what do you trade based off of in a situation like this?
What caused that erection?
WTF is a Juneteenth?Markets closed Monday.
Why?MicroVision (MVIS) will be sold at Tuesday's open for a gain of about 22.61%.
Why?
What signal in your trading system says 'Sell'?
But for anyone who thinks inflation is over you are a fool.
There is a trailing stop loss at about $5 where you can see a little plus sign (+) on that last red bar. It closed the week below the stop loss and so it is a sell.Why?
What signal in your trading system says 'Sell'?
Condition green is when the IWM Russell 2000 Index ETF weekly chart closes above its 10 week moving average. Then we use 40% trailing stops.
Condition red is when the Index's weekly chart closes below its 10 week moving average. Then we use 10% trailing stops.
[In this way, the Weekend Trend Trader swings for the fences, because its success lies with extreme winning outliers.]
Or maybe they actually understand what inflation is...
Don't tell me you an inflation is ONLY a monetary thing. Inflation as most people see it is the prices of things they buy increasing.
So what? Confusing a potential symptom with the disease doesn't help you identify the disease. Calling people that can identify the disease fools because a symptom is present but caused by a different issue is somehow wise/warranted?
The evidence is that we have a deflationary impulse underway, that isn't always going to be reflected in CPI or any specific price level in a timely fashion.
The gold market has been steady so far in June, trading between $1,940 and just under $2,000 an ounce. But analysts warn that after weeks of sideways price action, gold is ready for a more significant move.
The caveat is it could be in either direction, Gainesville Coins precious metals expert Everett Millman told Kitco News. "Gold has traded sideways long enough that we are due for a bigger move one direction or the other — retesting the $1,880 level or getting back up to around $2,000," Millman said.
...
There is still a risk of a significant selloff in the gold market because that would be symmetrical to what happened over the past two years when gold reached $2,000 an ounce, Millman pointed out. "The next most likely move for gold is lower," he said.
Markets are eyeing Powell's two-day testimony before the House and Senate next week, a lineup for Fed speakers, and more macro releases.
"Gold is going to be facing a lot of mixed signals next week," said Moya. "Fed speakers, flash PMIs, and more easing from China (commercial banks are cutting rates). In theory, we could still see risk appetite holding in there, which will keep gold choppy."
With the Fed largely data-driven into the July meeting, macro releases could become big market movers.
"Gold pricing is still searching for confirmation that the Fed is really done and/or a US$-negative catalyst," said MKS PAMP head of metals strategy Nicky Shiels. "Data will become more sensitive and important into a July meeting where a hike is pretty much guaranteed."
Gold's technical trading is also essential to monitor. The longer the precious metal remains steady in the face of this hawkish pressure, the more likely prices will rally, noted Shiels.
"On the surface, it's a bearish precious outcome, but the longer gold can't go down, [it] must go up. The thinking is that gold prices will read through their hawkish rhetoric/talk, and at the core is, the Fed has paused (and can pause again) = therefore, they're done," she said.
...
Supply and Demand can still cause inflation. Unless you have a better term for differentiating different types of inflation. But that is useless because you could never breakout how much was caused by each underlying effect.
If we were to vaporize all the wheat on the planet wheat prices would go parabolic. The money supply did not instantly change, the supply of the goods changed. Too much money chasing Too few goods has TWO very distinct variables.
There is also a third type that Martin Armstrong discusses but it's a bit more nuanced as well. It mostly reflects the demand for the money itself, ie Confidence. If Nothing changes in Either money supply or product supply but people simply STOP wanting dollars prices will still Increase.
In the eleventh edition of Merriam-Websters Collegiate Dictionary, inflation was no longer defined as an expansion in money and credit.
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