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Adding at least "some" longs once we bottom here soon make sense whether we have seen the low or not. If we have, can always double up higher. If not, get to add balance of cash at a lower low. For sure everyone has thrown in the towel at that point, then Rocket
"This may be just stops getting taken out above 1760. We hit 1770 and drop again. Waiting for a close above 1800 for confirmation. Plenty of upside thereafter. Either way, MT risk/reward is UP!!"
GameStop: Two US senators call for Wall Street reform
Progressive US senators Bernie Sanders and Elizabeth Warren called on Sunday for action against what they said were the Wall Street abuses by hedge funds revealed by the recent frenzy over GameStop shares.
"We need an SEC investigation," Warren told CNN, referring to the federal Securities and Exchange...
By Richard Rubin and Eliza Collins
President-elect Joe Biden plans to call for a $1.9 trillion Covid-19 relief plan to help Americans weather the economic shock of the pandemic and pump more money into testing and vaccine distribution, according to senior incoming Biden administration officials.
Mr. Biden in a speech Thursday evening plans to lay out priorities...
Stimulus: When, Not If
Taking a step back from the day-to-day minutia and focusing on the big picture: Whether we go straight up from here, go down to a lower low now or in a few weeks, unless the Fed et al. are going to allow markets to crash and cause a systemic collapse and the worst depression ever—which I seriously doubt and would go completely against...
Gold price bounced off the key resistance at $1900
Local double top formation surfaced on daily chart
Trade: Short position on GOLD at market price
Targe: 1850, 1790
Opinion: The gold market started with an upward move, but sellers regained control at the $1900 handle, where the upper limit of the broad downward...
By Kristina Peterson and Andrew Duehren
WASHINGTON -- The House on Monday night passed a sweeping year-end package that included roughly $900 billion of relief for households and businesses battered by the coronavirus pandemic, an emergency measure aimed at buoying the country through a difficult winter.
In two votes, the House approved both the infusion of...
Exchange Traded Funds, or “ETFs”, in all asset classes have soared in popularity over the years due to their liquidity, convenience, and low cost. They’re simple to trade, and they provide a quick and easy way to create a portfolio compared with having to buy each of the individual underlying assets. With respect to Gold and Silver , GLD and SLV provide an easy...
Silver has always been a wily beast for investors due to its dual precious metal/industrial metal uses, and 2021 sees silver rising on both. That contrasts with 2011, when a proper bubble in silver developed on rank speculation linked to a tumbling US dollar and the Fed’s seemingly radical monetary policy of QE2 from late 2010. QE scary? How times have...
US COVID-19 cases +217,046 (prev. +186,215) and deaths +2,566 (prev. +1,532). California reported a record 30,851 new cases and its 14-day avg. positivity rate jumps to 8.8% which was the highest since spring. (Newswires)
US official said could have EUA on Pfizer's (PFE) COVID vaccine within days of FDA meeting and that Americans could start...
DAILY ASIA-PAC OPENING NEWS
US COVID cases +186,215 (prev. +174,387) and deaths +1,532 (prev. +1,118). (Newswires)
US President Trump said he expects news very shortly on other vaccines and that he would use the defense production act if needed for vaccine distribution to Americans, while hopes the FDA will authorize Pfizer (PFE) vaccine...
Rather than go through the various reasons why I believed a low was close, below are some of the comment I posted over the past week:
"New Stimulus pending, 'December' started, while Gold and Silver near multi-month lows, extreme oversold, sentiment in the toilet, physical scarcity rising. Risk/reward is pretty obvious down here imho."
"The Banks monitor the...