Market Update on Steem/USD & Silver (SLV) 1/12/2018

in #investments7 years ago

Summary: Steem/USD had a nice move ats the .786 retracement level all the way back to the .50 where the bigger decisions exist. It looks like it wants to go higher so watch the .382 at 6.20 for either a spike or a pullback.

Summary: Nice gap up in the price of silver with momentum building pre-market to open. Core CPI reported an increase of 0.3 last month and if you add it all up from the 80's silver has a very long way to go before it is adjusted for inflation. The bond market is getting out of control with USD/JPY (Japanese Yen) at 111.46 currently. This goes against trend correlations and will correct sooner or later. It will be painful for debt holders and the stock market but commodity holders should do very well

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