11/2 Trading Futures Update - Precious Metals-Down, S&P500-Down, Crypto-Mixed
As we open up trading futures in the Far East, interesting overnight developments.
Precious metals reacted violently to the upside with silver outperforming gold yesterday, the USD took a hard downturn off a value of 97. This morning we see a slight pull-back, with silver failing to rise above 14.84 for the up-tine time.
S&P500 has been up the past three five days, amazing run off the low, giving the BTFDers a reason to pile on again, and again. I believe it is window dressing of the funds, with today the last day of the event. Unemployment numbers come out today before the open, Apple down over 7% after hours, disappointing investors. This 7% is equivalent to about 100 DOW points, and one of the five FAANG's., which are already down about 15% off the highs.
Crypto just isn't moving, very boring, little volatility, not reacting to any news at this moment.
Keep stacking. Go get you some.
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