Not sure why it is getting smacked up, since rates are surely going up on the 16th...maybe since the economy is supposedly doing well, more demand for Silver? I say a bear trap. lol.
It's going to be interesting to see how the Friday traders react after the solid rises this week after the markets reopened. Will they try to pile on the shorts before the COMEX opens on Friday Morning NY time?
Indeed, but if Shanghai continues a red week today then metals prices will rise regardless, just in the fact that the USD will rise against the Yuan. I think we will see a definitive mood from China today, and if they turn the tide and end positive then you can be sure the shorts will be on tonight.
Looks like there was some heavy movement on it. Lets see if they go more... AUD is not helping us though.
Still sideways currently if in the USA> This movement is all currency related. I am trying a new outlook this year and trying to value everything in currencies that have a DIRECT effect on us at home. China , South Africa and Australia........................ I have been paying a little more attention in the super market and these 3 countries manufacture 40% of the food we consume and a large amount of household products. Other than debt i am struggling to see what the USA produces.
Have you considered doing a simple internet search? #2 manufacturer in the world, with something like $2 trillion of products annually. Only a start, but I'll let you finish the rest..
