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Susquehanna International: Raised the target price for Micron Technology (MU.O) to $200, from $160 previously.Gold options data show that before the Feds decision, the Put/Call ratio continued to rise but was still below 1, indicating that bullish expectations still prevailed, but short- and medium-term precautions against pullbacks increased; the transaction ratio returned to around 0.5, the short-term short-selling momentum weakened, and the market was more inclined to oscillate or slowly rise. The high probability range rose from 15% to nearly 19%, and the slope became steeper, especially above 3680-3700 (spot price of about 3673-3693), indicating that "high prices mean strong waves", and once it breaks through, it is easy to trigger a rapid saw-saw and a false breakthrough. Strategically, pay attention to the gains and losses of 3680-3700: if the position ratio is greater than 1 and the implied volatility continues to rise and approaches 20%, tend to reduce positions at highs and defend retreat; if the transaction ratio continues to weaken toOn September 17th, ahead of the Federal Reserves interest rate decision (widely expected to be a 25 basis point rate cut), long-term U.S. Treasury yields edged lower, with the 10-year yield approaching 4%. Short-term Treasury yields were largely unchanged, as the market has already priced in a rate cut. However, if the decision includes any comments on future interest rate trends, yields could fluctuate. "Bond investors remain cautious, and we expect yields to react," said Frank Walbaum of Naga in a report. The market analyst noted that weakening economic expectations or policy guidance for further rate cuts could lead to further declines in Treasury yields and the US dollar; however, a more cautious signal could provide temporary relief.Novo Nordisk (NVO.N): Trials of semaglutide for Alzheimers disease are "like a lottery."Kremlin: (Regarding the EUs plan to accelerate the phase-out of Russian energy) Russia defends its own interests and will not be affected by sanctions.

Silver Price Prediction - Silver Markets Remain Weak

Daniel Rogers

Jul 07, 2022 14:37

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Wednesday's trading session witnessed a precipitous decline in silver prices, which broke far below the $19 barrier. Later in the day, though, we did try a recovery, when we climbed back above that level. By the time the Americans arrived, it appeared that we would attempt to create a hammer. Breaking over the top of a hammer allows for the chance of a short-term rebound, but the $20 level above will likely present some psychological resistance.

 

The market breaking below the bottom of the hammer for the trading session creates the chance of a move substantially lower, and I believe it creates something of a trapdoor for markets to go much lower. The market might then decline below $18 or possibly $15 at that moment. I anticipate this market will continue to concentrate on the U.S. dollar, which has a significant negative link with silver.

 

Rising U.S. interest rates and looming recession fears indicate that silver will continue to decline, therefore I favor the notion of shorting silver and have no interest whatsoever in attempting to purchase silver as the bottom has not yet been reached. The market is quite weak, and until something happens from the Federal Reserve, I cannot imagine silver suddenly bouncing and continuing to rise. A Herculean effort would be required to shift the market's perspective.


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