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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.US President Trump: The US election is full of fraud and theft, and has become a laughing stock around the world.Market news: Multiple explosions were heard in Kyiv, the capital of Ukraine.

Silver Gaps Higher to Start the Trading Week

Daniel Rogers

Jul 19, 2022 11:57

 截屏2022-07-19 上午11.48.32.png

 

As the $19 level is under threat, silver prices have gapped upward to start the trading week on Monday. Nevertheless, given the strong resistance in the region, I wouldn't be at all surprised if sellers jumped into the market and underpriced it. The $20 level may be the next objective, even if we break above the $19 level. Since silver is more of an industrial metal than a precious metal, the market will likely continue to view it with distrust.

 

The current state of the world economy is fraught with uncertainty, which is not the best atmosphere for rising silver prices. As a result, I believe we will keep looking for rallies you may join and then start fading. I think that sector is also another spot where you might see sellers reappear because the 50 Day EMA is now around the $21 level and declining fairly swiftly.

 

Breaking down below the $18 mark below would allow for new selling that might take us much lower. In the end, I believe that this market will continue to exhibit "fade the rally" characteristics, barring a significant shift in the Federal Reserve's attitude on monetary policy. I just don't see it occurring anytime soon, therefore from what I can see, the silver market is still in dire straits. In reality, the majority of commodities appear to be seriously in danger.


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