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Replies: 2,902 / Views: 96,544 |
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Pillar of the Community
United States
1153 Posts |
Quote: Same old song and dance. Yes, well, all of that which has been happening plus what will happen this week plus what the potential outcome of the midterms is shaping up to be. All of that equals a Bear Market coming to a theater near you. There was a chance to turn things around a couple of months ago, but I think it's too late for that now, we're probably at the point of no return. From what I'm hearing if we stay on this course the best case scenario is sideways to lower through September until end of year. Until when there will no longer be any point in holding the markets up and then we'll see a lot more selling. We saw something similar I think in December of 2021, the market went up one last time and then January it was in free fall the rest of the year. 
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Moderator
 United States
191445 Posts |
Rather uneventful day. Markets mixed again. Night crew coming in. 
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Moderator
 United States
191445 Posts |
Looks like the night crew knocked us down into the ~$57 zone. 
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Pillar of the Community
 United States
5912 Posts |
Hmmm... The truce is supposedly back in place and oil prices are dropping, so you'd think silver and gold would be going up and not down. Again, this is why I no longer try to explain or predict anything.
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Pillar of the Community
United States
1153 Posts |
Quote: Hmmm... The truce is supposedly back in place and oil prices are dropping, so you'd think silver and gold would be going up and not down. Again, this is why I no longer try to explain or predict anything. Yes but the US Dollar isn't going down. Oil is no longer the Bogey, it's gotten way more complicated now. Think GDP, interest rates, bonds. There was also some shenanigans in the form a of a coordinated effort to lower Oil, by massively shorting it, no need to wondrr who might have been behind that, it worked but that's just temporary. Wait for the bounce over 100. Oh and forget about the so called truce, markets aren't focused on the 'war' trade anymore.
Edited by Harry213 Today 57M ago
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Moderator
 United States
191445 Posts |
Maybe everything will become more clear in 98 days, if not 833. 
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Pillar of the Community
United States
1153 Posts |
There's a Ton of weird stuff happening and very interesting dynamics playing out in the financial markets, what with all that's going on in the world. There is Big money positioning itself, betting so to speak, on one outcome or another.. If the Big money is wrong they'll reposition quickly. And we'll see the repositioning happening in the form of increased volatility and wild swing's in the markets. One of those many 'weird and 'interesting' things I'll point out for you to watch and take a look at is Gold. Gold has been chopping above 4K for over a month now. It's holding there and not budging.  
Edited by Harry213 Today 17M ago
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Replies: 2,902 / Views: 96,544 |