3.17.20
GOLD SILVER DXY COPPER ENPH OIL: I think it's important to know why the dollars going higher, and gold is going higher. when markets have very large corrections lower this forces commercial funds and other traders to sell the good and the bad to meet margin requirements. In 2007 or eight when the market took a nosedive gold went lower and the dollar went lower. The reason for this is that large funds will sell their goal position, and countries will sell their gold position to meet margin requirements or other requirements that are transacted in the dollar. So you may want to buy gold when the markets correcting from a high in the markets moving catastrophically lower, but you may be perplexed why the gold is going lower when everything appears to be so unstable. I misstated the description that you could hear from the fund manager of Brent Johnson of Santiago fund.
if oil is in a bear flag and makes a new low, I would be looking for a buying tail to get long. I think silver will reverse and go higher and that this is a capitulation move even though it has not impressively moved off the recent bottom. I believe the price of silver is near or below the production cost for many of the silver mines, it is ridiculously low, and gold retested at 382 and bounced off of that and looks like it might be heading higher to me. When in doubt, stay out... but you can follow the market anyway. Copper traded the pattern beautifully and came to the support; I think of Copper is one of those markets you don't have to trade frequently which means you don't have to spend all day looking at it. I think ENPH is going to move higher from here.
GOLD SILVER DXY COPPER ENPH OIL: I think it's important to know why the dollars going higher, and gold is going higher. when markets have very large corrections lower this forces commercial funds and other traders to sell the good and the bad to meet margin requirements. In 2007 or eight when the market took a nosedive gold went lower and the dollar went lower. The reason for this is that large funds will sell their goal position, and countries will sell their gold position to meet margin requirements or other requirements that are transacted in the dollar. So you may want to buy gold when the markets correcting from a high in the markets moving catastrophically lower, but you may be perplexed why the gold is going lower when everything appears to be so unstable. I misstated the description that you could hear from the fund manager of Brent Johnson of Santiago fund.
if oil is in a bear flag and makes a new low, I would be looking for a buying tail to get long. I think silver will reverse and go higher and that this is a capitulation move even though it has not impressively moved off the recent bottom. I believe the price of silver is near or below the production cost for many of the silver mines, it is ridiculously low, and gold retested at 382 and bounced off of that and looks like it might be heading higher to me. When in doubt, stay out... but you can follow the market anyway. Copper traded the pattern beautifully and came to the support; I think of Copper is one of those markets you don't have to trade frequently which means you don't have to spend all day looking at it. I think ENPH is going to move higher from here.