Gold and Silver Prices Look Set for Another Leg Higher.
In this report, I cover the early market action from London on Friday, October 25th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I will look at technical analysis and what are called flags, wedges and pennants and how these can help you try and determine market direction. I will specifically look at the precious metals market and the technical picture and formation that has been evolving since the end of May this year.
I will also look at the recent decision by the SFO or Serious Fraud Office in the U.K. to not go ahead and charge the U.K. banking institutions involved in the rigging of the LIBOR rate during the 2008 financial crisis.
My conclusion from this latest SFO decision is that powerful institutions like Central banks and Too Big to Fail banks seem to be immune from crime and that hey can act with impunity and not have to suffer for their misdeeds.
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Thanks, for your report.
It's just incredible what the banking institutions get away with - just shocking!
The banksters get let off again and probably not for the last time and for this reason they will continue to do what ever they like it’s bloody disgusting. Cheers mike
Thanks Mario. I am surprised, usually these few days before option expiry the PM price get slammed but there is some upward action.