For big moves I am looking forward to August for a last dash by BRICS and associates pre September Shanghai meeting of finance ministers to agree the details of the BRIC Unit Trading token backed by PM. Russia has the starting pistol. Per Jim Rickards says that over $200bn of their frozen assets is held by Euroclear brussels which has many overseas legal entities including Hong Kong China. All Russia has to do is to start legal procedures and writ petition and put a spanner in the global financial system by putting a Lieu on assets held in each jurisdiction. ICE 9 thus financial institutions will not be able to use Euroclear. Most likely to happen after the BRICS+ summit in Kazan Russia in October 24
Gold and silver are moving up and down on the economic data. The data has been weak one day and strong the next. Remember, the technicals are a reflection of the fundamentals! Not the other way around. It's easy to forget that. As soon as the economic data starts coming in consistently weak, PM's will move consistently higher. It won't be long now.
Remebering that Friday was Triple Witching Day, there could have been a great many contracts that would be rolled forward which would add to the volatility.
Price is stretched too far above the moving averages. It's going to need some time going sideways for the moving averages to catch up before we can get the next sustained move higher.
If I only listen to your videos at night and not watching, I learn nothing. Lots of here’s and there’s. “Looks good here but over here there’s this over there and then this here.
