Quote:
What happens next week will be critical not just for metals but for the entire stock market.
The 2 outcomes I see happening after next week and the factors that will decide it in my opinion are these.
1- Market's go Sideways until the midterms if- The war ends (for real this time) and the markets believe inflation will drop (because Oil goes back down) AND the Feds leave rates unchanged.
2- Market's go Down if - the war continues with no end in sight (higher oil, higher inflation) AND the Feds raise rates.
My prediction if we ended up with option 1 is that Silver and Markets go sideways until November.
Thank goodness we didn't get option 2, that would have undoubtedly crashed the markets IMHO.
Option 3 would have been the "To The Moon" $90+ Silver scenario, had they cut interest rates along with a weaker Dollar... But there wasn't any chance of that happening thanks to the incredibly dumb idea to start a war, strengthen the Dollar, raise fuel prices, and cause inflation to reach a 3 year high.
At least all of the News events that were causing all the volatility are behind us. Outside of some unforseen event, there's nothing left to move the metals except the economy and the upcoming elections this fall. Market's should get pretty boring for a change.
First Page
Previous Page
Replies: 2,693 / Views: 86,200
Posted Yesterday 4:04 pm
