Wrapping Up The Markets For The Week, Month, and Quarter
Chris Temple joins me for a market wrap to discuss the US markets and currencies. We look at this week but more importantly focus on the month and quarter closes. Many different factors continue to push and pull investors which is why we are not seeing a defined direction in the broad averages. Even the close is the USD will have the bulls wondering if the close below the 95 level is a cause for concern.
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Charlie Bilello
“Every major crypto coin is down in 2018 with an average decline of 63%..”
https://twitter.com/charliebilello/status/1012665007249731586
Bitcoin took a $168$ bounce at the end of the day though, so curious bounce out of nowhere.
now Bitcoin is up $531 on the day – quite a move of 9% in after hours trading. Up $310 on the week or up 5%.
Attack of the Invisible Hand of the Free Market:
http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1djd4ju-KWN-I-Pento-2202015.jpg
The dollar ended the week on a low note and looks ready to pullback significantly:
Daily UUP:
I’ve been following gold since 1999 and I have to agree with Chris, gold will have its day in the sun but just not now, something needs to happen outside the gold space to shoot it higher, I know it’s frustrating but it’s not like you lose much money just holding it. Gold is on sale at the moment, if it dips much lower I will buy more