8/8/2018 Trading Futures Update: Precious Metals - Up, S&P500 - Flat, Crypto - Down

The 8"s are wild on 8/8/18, trading opens up in the far east as the sun shines over Asia at this moment, trading is basically flat except in the crypto and BTC world. The trade & tweet war is in full swing as Trump threatens EU companies that trade with Iran, then the EU counter-threats the companies that don't trade with Iran. Iran is hoarding Gold as their money is useless, and gold stays the same. More sanctions for China, China counter-sanctions the USSA with LNG.....Will trade wars turn to shooting wars, let calmer visions prevail. All this news, stawks go up.

Precious metals had quite a day, a rise, a fall, then a rise, then back to even. Roller coaster comes to mind, does wealth preservation come to mind with any of these traders. I believe we need a final shake out at these prices and a quick rise to get the weak hands to capitulate, and the short to rush back and buy back the metals as the prices violently reverses.

Stocks, everthing is wonderful, nothing effects the price, very un-natual action in my opinion, but can you find the trend. TSLA tweets on the company going private and announces the price in violation of SEC rules, Saudi buying social media company stock and maybe TSLA, what could possibly go wrong here. Social media banning free speech and Kongress supports it, really......I'm exhausted and out of words to describe this mentality.

Crypto and BTC gets another snub from the SEC as another ETF decision is delayed until September. With all these HODL's, no one is left to buy, seems like the sellers are the players in this market, dropping toward $6500.

Happy trading out there, watch the news and the trend is your friend.

Keep stacking. Go get you some.

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