March 9-13, 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 Saturday morning looking at world headlines that effected the markets. The Corona (not the beer) Virus is going more & more parabolic outside of China, now the USSA. Italy is in quarantine. Big, big drop for the week.......BTFD, on the last 20 minutes of trading on Friday after Trumps is giving away free handouts.. The stock market is down big for the week, about 20% from the RECORD HIGH, in BEAR territory..........BUY MOOR PRECIOUS METALS

The USD went back down toward 95, now at 98.51, back to a safe haven currency. Euro at 1.1106.

All charts are weekly candlesticks.
Last week
The debt increased 74 billion for two weeks, a huge increase of $215 per citizen.
Dollar to Silver ratio: 1065 Up $3
Now

In the previous week we doubled the number of cases, this week we go from 85,187 to 145,377. Numbers look way under-reported.......up 60,190 for two weeks. An interesting indicator to monitor in the non-China areas.

Precious metals bid down, as all assets were sold. Silver closed at $14.69 16.545, down $1.85, a bad week. Gold closed at 1529, down $58. Palladium closed at 1658, down 842. Platinum at 763, down 203 for the week. Considering the sharp fall, then rise in the USD.
USD stayed below 99 for a week, if a flight to perceived safety go into the USD, a rise over 102 will CRASH the Emerging Markets soon.

S&P down big time from all-time record highs, the markets finally straining due to China supply chain issues......the economy is not that strong, now the FED, and Kongress is giving away free money?

Dow, the worst index of the three

Crypto had a big volatility for the week, down under $6,000. BTC is down $5362.
Total token being tracked are now at 5201, up an additional 39 for the two week. Total marketcap down to 153, down 97 billion for the two weeks. BTC dominance rises to 63.8%. Steem at #65, up 7 spots, priced at $0.1279. Go Steem, Go SteemLeo.