Loading ...Can They Keep Metals Capped For ONE More Day
We should know in two minutes. They are trying to keep them down for the month of August. Either they pop on the 9:45 Chicago PMI release or they suppress until tomorrow with new month and the jobs report.
Major battle going on but it really doesn’t matter. One additional day after all these years doesn’t matter, except in one aspect. If you wait until tomorrow to have a long position you might see a huge gap higher if the jobs numbers show any weakness. If you aren’t long by now (at least with a partial position) you can’t read charts. Both metals made higher lows and are above their respective 50 day and 200 day mvg. avgs. It would take a massive economic selloff (expected for stocks soon) just to get the metals down to those mvg. avgs. A wonderful entry point but low percentage probability.