9/04 Trading Futures Update - PMs-Up, S&P500-Up, Crypto-Up
Steemit is fixed, we can now move on to our daily updates. Lots going on in the futures market as traders are back from summer in the Hamptons, volume should start increasing starting today.
Precious metals volume has exploded, it was first the sovereign nations adding to their deposits, then the hedge funds and institutional banks, not the general public is on the buy side. Algos gone wild. They talked about gold moving a $100 a day, silver moving a dollar a day, we say the silver market move a dollar.
Stawks are moving down, no signs of a Trade Deal, can't bust em up, you bust em down. Fair value at 0.52, a slight down to the wall street opening bid.
Crypto and BTC is back over 10K on the news of an institutional only BTC ETF. Means, you ain't getting any. BTC dominance at 70.5%, the alts are dying. Steem at #81, priced at 0.1666.........
Keep stacking. Go get you some.
Thanks for following @RollingThunder
Is Gold and Silver, easier to get, than United States Coinage...???
Expect a Silver/Gold Ratio of 10 to 1, in the near Future...
September 4, 2019... 2.2 Hollywood Time...
We are near 80:1......Baby Steps.......Historical low average is about 45:1. I'll take that as a starting point. So at the current gold price, that would put silver at about $34. A double.
The last time I looked, the "Melt Value" of Gold was at about $1,553 ...
That means Gold still has another $2,000 to go, in its Upward Journey, to reach a Melt Value of $3.500...
Silver, currently has a "Melt Value" of about $19.67 per Ounce...
This tells me, Silver still has another $330 on the Up-Side, to make it to the $350 per Ounce Level it needs to be at, for "Sound Money"...
It can happen Gradually, or at a Flip of a Switch...
Right now, it appears to be happening at a somewhat rapid pace...
My Theory tells me, that when the Reset to "Sound Money" happens, the "Melt Value" of Gold will Reset to $35 per Ounce, and Silvers "Melt Value" will Reset to $3.50 per Ounce...
September 4, 2019... 14.1 Hollywood Time...