Nikkei is up +268
After last night and POTUS comments earlier no surprise.
Cryptos all down 6-10%
Gold turning down but minimal
-.25%
Oil. Went down to $42.50 bounced to $43.××
Lather, rinse,repeat.
A move higher will also be fueled by shorts covering..if you did not take most if not all off the table into a holiday then its mad rush to get out tomorrow
.also add in option putts..
kek…longer term holfers will want out if they think this is the bottom.
That is a large amount of buying pressure without the normal herd traders jumping in on the open..add that and pain if positioned incorrectly.
ma
POTUS is second to tell Americans to buy stocks in such a public way. This is the same script that hussein/FRB trotted out in March 2009.
All leading to blaming the FRB
lookup Ben berrmancke and term Green Shoots.
The market reversed and went parabolic shortly after that entire shit-show was rolled out
Silver is testing its recent highs.
That will get going quickly if allowed to run.
Resistance is right where it is at..$14.80
It looks like a battle for control at this point.
ma
The Treasury has never updated the value of its gold as the current price of value is $42.22.
Imo it was done so that if anyone should question the holdings in say Ft. Knox then it could be said that it was vastly under-valued in first place so its not so bad if we don't have it.