Crude Commodities in forex market Price Bulls’ Wishes vs. Here Is Next Week’s News In Advance — How Will You Trade It?
What is More Reliable than the Andrews Pitchfork? Don’t Lose Focus – Free Silver! Did the Crypto Market Just Bottom? Prepared For The Next Leg In The US Stock Markets? The major silver miners’ stocks remain deeply out of favor, languishing near multi-year lows. Of course that reflects investors’ lack of interest in silver itself.
It has greatly lagged, not following gold higher like usual over the past year and a half. That’s really torpedoed silver-stock sentiment, making for a challenging environment for silver miners. Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Companies trading in the States are required to file 10-Qs with the US Securities and Exchange Commission by 45 calendar days after quarter-ends.
In other countries with half-year reporting, many companies still partially report quarterly. Wednesday’s rally that followed Tuesday’s reversal gave hope for a sustainable move higher. But only to those, who focus on the daily price movement only, without taking bigger picture into consideration. As we explained last Friday, there were bearish implications of the weekly candlestick pattern even before it was completed. This is why it used to be money for thousands of years: it was rare, tangible and its supply couldn’t be increased at will. So why are we saying that gold is not commodity? We mean here not the physical attributes of gold, but the approach to valuing it.
You can model it either as a currency, or as a commodity. Now, we will present the final critique of treating gold as a commodity. Precious metals expert Michael Ballanger dissects his volatility trades. ETF for the VIX but has better leverage than the UVXY.