March 16-20, 2020 Weekly Trading Summary - PMs, S&P500, BTC

rollingthunder (60)in SteemLeo • 4 years ago

We update the weekly market summary of Wall Street on this early Saturday morning looking at world headlines that effected the markets. The Corona (not the beer) Virus has surpassed China, as they quit reporting numbers as their hospitals are still overloaded. Italy is the shining star, Marshall Law. State by state in the USA, shutting down. The markets are dropping, market by market.Big drop for the week.......4000+ DOW points...........WE WILL SEE A 1:1 DOW:GOLD RATIO.....either 10K:10K, or inflated 25K:25K ratio.......BTFD, throw that out the window...........BUY MOOR PRECIOUS METALS

Sad times we are living......but we will get to the other side when we realize the FED IS A FRAUD

The USD went from 98.51 to 103.593, back to a safe haven currency. Euro at 1.1106 to1.0669.

All charts are weekly candlesticks.
Last week
The debt increased a whopping 120 billion for one week, a huge increase of $363 per citizen.
Dollar to Silver ratio: 1376 Up a whopping $309
Now

In the previous week we almost doubled the number of cases, this week we go from 145,377 to 275,427. Numbers look way under-reported, not report, it looks under-control. Cases outside China increased over the China areas.

Kongress gets briefed on the COV-19 virus and sold MILLIONs in stock....Insider Trading anyone??????

Precious metals bid down, as all assets were sold, all metals markets are down but stabilized the last two days. Silver closed at $12.665 down $2.025, a bad week. Gold closed at 1501, down $28. Palladium closed at 1517, down 141. Platinum at 611, down 152 for the week. Considering the sharp rise in the USD, looks like a liquidity sell for margin calls similar to 2008..
USD stayed over 1000 for the week, headed to 108, emerging markets will be announcing defaults this week-end....CRASH the Emerging Markets soon.

S&P down big time from all-time record highs in March. We are down all the way back to January 2017, the last three years are lost. All the snowflakes never saw such a drop........Boeing is BK...Bankrupt....Kongress is giving away free money while we all sit at home, freeze student loans, no income taxes this year........Depression anyone?

Dow, the is back to November 2016, the Trump election.

Crypto had a big volatility for the week, over $6,000. BTC is up to $6240.
Total token being tracked are now at 5235, up an additional 34 for the week. Total marketcap down to 178, up 25 billion for the week. BTC dominance rises to 65.0%. Steem at #57, up 8 spots, priced at $0.1926 down 32%. Go Steem, Go SteemLeo.