Decoding The Fed and ECB Statements For The Markets
Now that we have the Fed and ECB statements behind us Chris Temple and I recap what was said and the plans on the table. With the continued trend of slightly more hawkish the Fed had one comment that was very important. We discuss how the markets reacted to the statements but more importantly what the strategy needs to be moving forward for investors.
On another note I am back from the site visit! It was a valuable trip which I will have more information on in the coming weeks. Please keep the emails coming, I’m sorry for falling a little behind while on site.
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We have to see where we are in the cycle rather than hung up on 100 WMA. If silver gets out of triangle trend line than I think all bets are off. But then bullion banks won’t make it any easy to trade metals. They will whipsaws back n forth to eliminate retail traders and hedge funds alike, always questioning the trend. That’s how the fire starts IMO. Good trading all.
35 Year Silver Chart Indicates Big Move In Silver About to Start
Taki Tsaklanos – 1 week ago
Silver price about to breakout from a 10 year long triangle pattern
“Silver price, as shown below, is still moving within the triangle pattern we have identified and shared with our readers. The descending trendline has been tested extensively since 2016 and the ascending trendline has been back tested successfully more that 4 times….”
https://investinghaven.com/next-big-move/35-year-silver-chart-big-move-silver/
This chart below from Clive Maunds’s Twitter feed is quite revealing:
long CATS
SIL:SLV tells you everything you need to know about the durability of this pop in silver. Like I said, let’s see if SLV can get a few weekly closes above the 100 WMA, much less a couple of months.