9/16 Trading Futures Update - PMs-Up, S&P500-Down, Crypto-Up
As we open up futures trading in Europe and closing in the far east, we finally found a Black Swan. News over the week-end has a attack on a Saudi refinery, causing a 5% drop in worldwide export capacity. Oil has spiked 10-20%, will cause inflation to rise and peoples expendable income to go to zero.
Precious metals are a beneficiary of this new black swan, as the risk on trade in BACK.
Oil - Brent Crude up 10%. Futures were up higher for oil until Trump stated he would dump the entire Strategic Oil Reserve on the market to keep prices down????? Good or Bad move
S&P500 futures are lower, fair value at 1.64, a further down side to the opening bid. Stawks are only down half a percent, not buying the bad news
Crypto is up, the ALTs have improved as the BTC dominance in under 70%. Steem is at #80, priced down at 0.1591.
Keep stacking. Go get you some.
Thanks for following @RollingThunder
really informative thanks for sharing. Inflation is surely really bad for people with only savings and no investment. It is important to have one or the other investment that helps you with good returns.
Inflation is good for central banks but bad for every day humans. Governments must inflate to justify printing worthless currency, but look at the chart, inflation is everywhere.....
Thanks for posting @yurelx