August 5-9, 2019 Weekly Trading Summary PMs, S&P500, BTC

We complete this weekly wrap-up on a Sunday morning taking a look at the top headline news that affected the world markets. Monday followed through from over the weekend and dropped almost 4%, the Plunge Protection Team jumped in to almost flatline by Thursday, only to drop by Friday. Brexit news, Italy back in the news, in a bad way, bonds blowing up all over the world, and central banks dropping interest rates. I guess there is a crisis after all, the economies are stalling everywhere as China lets their Yuan.....devaluation everywhere.

All charts are weekly candlesticks.

Precious metals had a great week, gold is over 1500, silver bumped over 17, but slammed back on Friday, only to be slammed on Friday. USD dropped for the week, priced at 97.375, down exactly 0.50 this week. Distrust of the central banks were the main cause as risk-on is back.

S&P500 had a very volitilie week, down big, 3 day rally, and a drop on Friday, just to close 0.5% for the week.

Crypto had a quiet week, not much news driving the movement. Twenty new token being tracked, now at 2440. Total marketcap moved up 6 billion this week and BTC dominance rises to 68.8%, up over 2,5%. Steem at #83, cannot find support as the price is below 20 cents.


Keep stacking. Go get you some.

Thanks for following @RollingThunder

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