SILVER for 10/09/2019

#Gold #SP500 As we cower in our homes in the UK, a country where anarchy is expected, thanks to Parliament being suspended, the rule of law ignored, our thoughts turn to precious metals and the need to put something aside for a rainy day. Historically, we’ve regarded Silver with distrust but it appears something may finally be happening.

If we’re reading the numbers correctly, should Silver now exceed just 19.80 dollars, we should anticipate growth to an initial 20.5 dollars. Whilst we quickly concede this isn’t particularly interesting, in the event of the metal managing to actually close a session above 20.5, continued travel to a secondary of 23 calculates as very probable. Above this point, it gets a little irrational as there’s very little to hinder rapid acceleration to 29 dollars.

Worth pointing out is an unpleasant facet of Silver.

Historically, price movements against the metal were capable of making Bitcoin look like a paragon of ethical behaviour. Visually, we’re fairly happy to project 23 dollars as it makes sense. As for the potential of acceleration to 29 dollars, the visuals hint this is possible but we’d warn, if such a journey happens quickly, it’s liable to be reversed even faster. Our distrust for Silver movements obviously adds to our bias but if collecting for a rainy day, it can be easy to get wet and catch a cold! The price of this metal needs above 35 US dollars before we’d abandon scepticism and hope for the future.

Finally, if it now melts below 17 dollars, hope for the immediate future vanishes. However, cheaper silver will doubtless fuel the supply of silver bullets, ensuring werewolves and vampires remain a rarity – at least outside UK politics.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:04:58PM

BRENT

62.34

               

‘cess

10:07:28PM

GOLD

1499.62

1497

1489

1476

1512

1515

1519.5

1527

1502

10:16:18PM

FTSE

7241.25

               

Success

10:18:22PM

FRANCE

5588.7

               

10:20:00PM

GERMANY

12226

               

10:21:51PM

US500

2978.87

2968

2961

2952

2980

2984

2989

2996

2975

Shambles

10:24:20PM

DOW

26842.7

               

Shambles

10:26:36PM

NASDAQ

7830.25

               

‘cess

10:31:05PM

JAPAN

21343

               

Success

9/09/2019 FTSE Closed at 7236 points. Change of -0.63%. Total value traded through LSE was: £ 4,983,141,484 a change of -2.48%

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