What The Charts & Trading Action Suggest
I don’t usually try to tie the charts and trading action into geopolitical events. Both were suggesting, which is why I made the calls for pullbacks in both oil and the PM’s in the last two days, that these selloffs were coming.
What wasn’t as clear, especially for the metals, was that it would happen, mostly in ONE day. What does that suggest? That more than likely, a major geopolitical event is about to occur.(Likely an Israeli response and Middle East escalation)
We shall see, but I wouldn’t wait to get better prices. If you have any extra fiat sitting around, Silver, with a dash of gold and a splash of oil, should be on one’s shopping list. TODAY!
PS: Stocks, particulary the NASDAQ 100, should be sold. (This isn’t investment advice, just my opinion.)
I don’t know Chartsmaster….my thinking is just wait and watch because a metals trauma is brewing. I would not jump in front of this next decline which I expect to take place this month. Same deal with bitcoin which has a horrendous decline baked in the cake. As much as 30 thousand dollars. Ouch