September 10-14 Weekly Trading Update PMs, S&P500, BTC, EMs
We close out the second week of trading in September and try to give some analysis as to what is effecting the markets in the USA and the World. Emerging market currencies fluctuated with the whims of the USD which essentially closed near flat for the week. Russia raised interest rates 0.25% and Turkey raised 6.25% to save the Lira, but that only lasted one day.
We review all chart on a weekly candle.
Precious metals were very volatile, up-down-up then back down. Silver surpassed its recent low but staged a reversal the same day. Very much effected by the USD rate which closed the week at 94.97, down 0.47 for the week. Even with the price of silver dropping to recent lows, the websites selling silver, the premiums are rising showing a shortage of inventory, against the paper silver prices. Maybe a sign of a new rise in pricing if supply and demand still matters.
S&P ended the week on an up note, preparing the market for another attack of the all-time highs and closing comfortable above 2900.
Crypto was was for the week, with BTC rising overall. Looking at the weekly chart, BTC is still in a downtrend, unless it can show consistent closes above 7200 to break the chart pattern.
Keep stacking. Go get you some.
Thanks for following @RollingThunder
In the Past 15 Weeks, Gold has Fallen $100.00 in Value... In the same 15 Weeks, Silver has Fallen $2.35 in Value... My Steem has lost $443.77 in Value... And yet... I can still go to the Bank and get 10 U.S. Dimes for a One Dollar "Bill"...
IN GOD WE "TRUST" THE PLAN...
Great analysis. We may get to the point where the banks will not bother to keep 10 dimes. Digital is the new money. Inflation is the current money system, has a great effect on what those 10 dimes can purchase. Thanks for posting.
I like having the "Option" of using a "Physical" form of payment... Computers don't need to know my every move... I like my Privacy and Freedom... I think it's worth holding onto... It needs to be Preserved, and Held onto at all Costs... Yes, even after the Reset of all U.S. Coinage, people will still use Credit and Debit Bank Cards... I see people using their Smart Phones for certain Transactions... I think all Values "will" be Reset in terms of U.S. Coinage, U.S. Trade Dollars and U.S. Crypto-Dollars and Decimal Cents... The Price of everything will reach Fair Market Value... It's hard to predict any Future Manipulations... That's a given...
IN GOD WE "TRUST" THE PLAN...