/biz/ - Business & Finance

>>21974158
Predictions for this coming week?

I think we finally saw the financial markets responding as they should to Powell's inflation announcement

10 year treasury yield down = demand for dollar down
Watched the dollar dump nearly 1% in one day in all markets, TSE, SSE, HKE, FWB, LSE - the only market to catch the knife was NYSE - but by the end of the day they dropped it too
[the dollar has declined 6% in 365 days.. it declined almost 1% in 24 hours..]

There is no 'huge' expected financial news on Monday-Wednesday aka nothing to show recovery and spur demand for the dollar
https://www.marketwatch.com/economy-politics/calendar
Really the only news in the next week that could cause a decline would be Thursday jobless claims being less bad than expected & then Friday nonfarm payroll + unemployment rate

I think that as we've seen more States backtrack on their lockdowns / close down what had happened it's unlikely for the #'s to be good
More & more people are getting laid off / bankruptcies are picking up
https://youtu.be/eRsLhy9HFlU [Embed]

It's possible that DXY at 2 year low could bounce this week, but it seems really unlikely since the rallies have failed each time this past week. It's going to be hard to stop the sell-off..

Speculation regarding 145M ounces due for delivery right now.. more and more people aware of JPM manipulation / COMEX squeeze on deliveries

VIX spiked up huge to 24.47 in the past 24 hours

To me, it seems like we are on the diving board to jump to $30 silver this week - and as we all know, once it hits $30, it'll be likely to run even higher as the mania sets in

It doesn't seem like there is anything to stop it, barring very good #'s on Thursday/Friday

Predictions for this coming week?

I think we finally saw the financial markets responding as they should to Powell's inflation announcement

10 year treasury yield down = demand for dollar down
Watched the dollar dump nearly 1% in one day in all markets, TSE, SSE, HKE, FWB, LSE - the only market to catch the knife was NYSE - but by the end of the day they dropped it too
[the dollar has declined 6% in 365 days.. it declined almost 1% in 24 hours..]

There is no 'huge' expected financial news on Monday-Wednesday aka nothing to show recovery and spur demand for the dollar
https://www.marketwatch.com/economy-politics/calendar
Really the only news in the next week that could cause a decline would be Thursday jobless claims being less bad than expected & then Friday nonfarm payroll + unemployment rate

I think that as we've seen more States backtrack on their lockdowns / close down what had happened it's unlikely for the #'s to be good
More & more people are getting laid off / bankruptcies are picking up
https://youtu.be/eRsLhy9HFlU

It's possible that DXY at 2 year low could bounce this week, but it seems really unlikely since the rallies have failed each time this past week. It's going to be hard to stop the sell-off..

Speculation regarding 145M ounces due for delivery right now.. more and more people aware of JPM manipulation / COMEX squeeze on deliveries

VIX spiked up huge to 24.47 in the past 24 hours

To me, it seems like we are on the diving board to jump to $30 silver this week - and as we all know, once it hits $30, it'll be likely to run even higher as the mania sets in

It doesn't seem like there is anything to stop it, barring very good #'s on Thursday/Friday