FRIDAY? WILL IT CONTINUE?
Well we have seen the stock markets take a serious blow over the past 2 days. With the Dow down almost 1400 points, will It continue today?
I would imagine that you might see a potential rebound today, after all the economy is doing better than it has in a long time 🤣🤣🤣.
The Dow Jones was the big loser over the past 2 days with giving up almost 1,400 points and only being up yesterday for a few minutes. Being real close to the 25,000 mark, which is a critical point, if you see it drop below 25,000 you could see massive selloff.
Nasdaq was the best loser yesterday only giving up 92 points or 1.25 %. Will it make it to the weekend?
S&P 500 is the one I like to keep an eye on, giving up 57 points yesterday day or 2.06% and only seeing an increase for a few minutes yesterday.
So today Friday the 12th of October will be a day to watch, will it be a day to remember? We will know in less than 10 hours.
Now of course precious metals saw a nice little rally yesterday, gold was up at one point over $25 an ounce and silver was up over 30 cents at one point.
The stock markets and precious metals will not move together, today one will go up and one will go down. Your guess is as good as mine.
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For now I'm happy seeing PM prices low and staying low. I'm in full buying mode, so cheap is good for me at the moment.
Are the domino's in place? Do the powers that be hold all the cards or are they still getting ready....? Once they decide to flick the switch, it won't take 2 day to tumble 1500 points, that will take less than 2 hours. So I'm guessing this is the smaller hands bailing out and taking some money off the table before the big boys pull the plug and the SHTF!!
Would PM position be liquidated to cover margin call in stock market? That would be both down...
Yet I hope to see the mini rally continue.
Premiums would skyrocket on coins again too!
A few days ago, I asked if everyone was ready...
I think today will be a calm day: stocks will go down a little and precious metals will be up a little. Let's see how am I at predictions...
Even the Stock market seems so uncertain because of the Trump Administrations Trade war with China and more from the Fed too @silver-hammer
All it is is a smoke screen. They play with these numbers non stop. One day they will lose control of it. That’s what we are all waiting for. But it will happen, just don’t know how soon.
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