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February 9th - Japanese Finance Minister Satsuki Katayama stated that she would communicate with financial markets on Monday, if necessary, to calm market sentiment as soon as possible. However, she also warned of the possibility of intervention in the yens exchange rate at any time. Katayama revealed that she maintains close contact with US Treasury Secretary Bessenter, sharing the responsibility of maintaining the stability of the dollar-yen exchange rate. She explained that Japan and the US have signed a memorandum of understanding stipulating that decisive measures can be taken against rapid fluctuations deviating from fundamentals, which certainly includes intervention. She reiterated that she is closely monitoring financial markets, while emphasizing her commitment to responsible fiscal policy and stressing the governments strong focus on fiscal sustainability and its desire to maintain it.February 9th - According to NHK, the ruling coalition of the Liberal Democratic Party and the Japan Restoration Party won a majority of seats in the House of Representatives election held on the 8th.Musk: Teslas electric semi-truck will begin mass production this year.February 9th - Goldman Sachs trading arm stated that after a rebound in U.S. stocks last Friday, almost recovering the weeks brutal losses, this week will face further selling pressure from trend-following algorithmic funds. The S&P 500 has broken through a short-term trigger point, prompting commodity trading advisors (CTAs) to sell stocks. Goldman Sachs expects these systematic strategies, which track stock market movements rather than fundamental factors, to remain net sellers in the coming week, regardless of market direction. Goldman Sachs stated that if the stock market falls again, it could trigger approximately $33 billion in selling this week. If market pressure persists and the S&P 500 falls below 6707 points, there could be as much as $80 billion in systemic selling over the next month. In a stable market environment, CTAs are expected to sell approximately $15.4 billion in U.S. stocks this week, and even if the stock market rises, these funds are still expected to sell approximately $8.7 billion.February 9th - Goldman Sachs trading arm stated that after a rebound in U.S. stocks last Friday, almost recovering the weeks brutal losses, this week will face further selling pressure from trend-following algorithmic funds. The S&P 500 has broken through a short-term trigger point, prompting commodity trading advisors (CTAs) to sell stocks. Goldman Sachs expects these systematic strategies, which track stock market movements rather than fundamental factors, to remain net sellers in the coming week, regardless of market direction. Goldman Sachs stated that if the stock market falls again, it could trigger approximately $33 billion in selling this week. If market pressure persists and the S&P 500 falls below 6707 points, there could be as much as $80 billion in systemic selling over the next month. In a stable market environment, CTAs are expected to sell approximately $15.4 billion in U.S. stocks this week, and even if the stock market rises, these funds are still expected to sell approximately $8.7 billion.

Silver Price Prediction - Silver Markets Remain Volatile

Alina Haynes

Jun 29, 2022 12:16

截屏2022-06-07 下午5.18.01.png 

 

During Tuesday's trading session, silver markets were quite active, as we continue to trade over the $21 barrier. The $21 level has been a pretty significant region, but the overall picture remains bearish. It is difficult not to notice the large "H pattern" on this chart, thus it is probable that we will attempt to reach the $20 level given sufficient time.

 

The $22 level above continues to provide resistance and will likely be significant owing to the 50 Day EMA approaching it once again. Ultimately, I believe this is a market that will always have a large number of sellers at rallies, mostly owing to the fact that US interest rates will continue to rise, so working against the value of silver. Additionally, pay particular attention to the US Dollar Index, as it has a negative association with this market.

 

I would not consider this market a buying opportunity until the silver market breaks over $22.50, because it has been so bearish for so long. I do feel that we will ultimately test the $20 level in the future, and a breach below that level would create significant selling pressure. Long-term, silver's price might go as low as $12 if it falls below the $20 threshold. Keep in mind that silver is also an industrial metal, which is not helping it as a worldwide recession is imminent.

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