Market....five announcements this week
Good morning my fellow steemian friends....
I hope that everyone had a great Memorial Day weekend.
Well with the short week in the market, there are five major announcements. The first is the consumer confidence report which is released today.
On Thursday they release the consumer spending/co-inflation report.
And on Friday is the trifecta with the non farm payroll report, unemployment rate and the manufacturing PMI reports.
So what does this mean for precious metals?
Obviously it depends on the outcome of the numbers reported. But this could be a very violital week in metals. For the last several weeks we have been seeing a kind of see-saw effect.
If you look at the early market numbers, the precious metals are already taking a hit. Gold is down nearly $3, and silver is down over $.10. The stock market is downover 200 points.
Buckle up my friends, this week is going to be interesting...
Snapshot from Kitco
It don't mean nothing. The reports are all fake and the precious metals markets are manipulated. In other words....more of the same.
I’m predicting metals will run sideways. I’ll not be surprised if it doesn’t though. Nothing surprises me anymore in this market ✌🏻
I think we will see silver under $16 in June. Unless there’s political turmoil with South Korea or Iran.👍
I’m hoping for $15 and lower. Price keeps running up and hitting a wall, then gets pushed back down. In the passed it most of the time would get smashed after not busting through. Would love to stack more big bars on the cheap
It's very clear JPM is selling the paper silver at the moving averages it has been rejected at over 15 times the past couple years....have to clear 16.50....then just LTFB (Load the F@#ing Boat) :)
Yeah, got some dry powder waiting for that. Might buy gold as well it if gets taken dow too✌🏻
Just keep stacking, my friend! When prices dip, I buy more. Thanks for this article. It keeps me informed of market stats. Have a great week, my friend!
No doubt, but a big dip would be nice. Anytime Saver. You as well my friend🌹
Thanks for the market update @silverd510! If metals take a hit them, it will still be a great time to buy. I just hope cryptos get into the green, so we can all capitalize on this great time to buy.
Buy while it's low my friends.
Thank you for your continued support of SteemSilverGold
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