This week has been a real ringer, seeing a rallying market of late, a declining dollar that just keeps on slowly falling due to an expected Trump budget, higher oil prices, and a continuing effort on bullion's part to stay in the game. Silver is a seller's market today.
However, instead of remaining cautious and wary of the market and encouraging investors to stay vigilant and ready for a near downturn, the MSM continues to tout the market, saying "it's never been stronger" and Goldman claiming that "Momentum Investing Good in Commodities", which is laughable for long-term health and growth. Looking at the market of late, I think it would be a good idea to invest in oil in the near future and definitely in bullion.
The DJIA, Nasdaq, and S&P 500 are all up today, showing sold effort since market open, even with the 350 point drop last week, showing it has rebounded somewhat well. Here's a snapshot of this information, courtesy of http://www.nasdaq.com/markets/commodities.aspx
Cryptocurrency is doing amazing, cannot wait to see the growth in the near future!
Thanks for reading Steemers!
Good post. I can see now on the hourly chart, that silver is in a downdraft.
Sellers have control at the moment.
Francis
Okay, just made that correction! Thanks Francis