2/12 Trading Futures Update - Precious Metals-Up, S&P500-Up, Crypto-Mixed
As we open up futures trading, China was up yesterday, over-night, we have a USSA Government shutdown deal-------Big Butt----Will Trump sign on.......I do not think so, so futures are rocketing higher(+12). Fade the bounce....IMHO
Precious metals are hanging in there as the USD is rising to a triple top, look to see if the USD can break ice around 96.84, (Upper Resistance).
S&P500 rising this morning on the news of the shutdown agreement, but I would fade the rally. Fair value at 0.55, a slight negative to the futures contract value.
Crypto only able to make 120 billion of total marketcap, not much of a bounce, fade this one as well. Major movements among the bottom 9, trying to jockey around for position.
Keep stacking. Go get you some.
Thanks for following @RollingThunder
Metals holding well honestly seeing where dollar is
Holding up well, but the last few hours they managed to slam silver back down to the lower range, when will the naked shorting come to an end.
When demand is so crazy we see huge premiums on physical metals
That’s when it looks so stupid people wake up and see the physical market had no connection to paper markets
America public and sheeple love buying at the top and when the premiums are the highest. And America loves a good sale, but not when it comes to PMs. Why worry as the DebtClock tops 22 TRILLION Today.....Nothing to see here.