9/5 Trading Futures Update - Precious Metals-Flat, S&P500-Down, Crypto-Mixed

What a trading day yesterday in the opening day, of the new month of September, in the markets. Volatility and unexpected news is coming from all over the world. What a joke, to me anyways, as the MSM was pushing the 2nd $Trillion stock company and ignoring the BAD news coming from the Emerging Markets. First Apple, now Amazon.

The gold price in Turkish Lira jumped over 60%, from just under TRY 5000/ ounce at the beginning of 2018 to TRY 7860/ ounce at the end of August 2018. This rising gold price marked an increase in physical gold demand in the Turkish Gold market with a jump in demand for gold coins as the lira plunges every day in the currency crisis

“Gold priced in lira is more expensive than ever, that’s not deterring buyers, who are looking for a safe haven“

Precious metals and especially silver hit the infamous dump, as the USD gained as the currencies of Argentina, South Africa and Turkey approaching record lows every day. Silver fell past the July lows so the December lows from 2016 are in play. USD at 95.33 this morning.

S&P500 and the DOW were down big as trading starting but the HFT computers need to push Amazon over the threshold, so everything reversed, but the bad news is everywhere, how long will this continue when we find real price discovery.

Crypto trading is mixed for the top five coins in the list of top marketcaps. BTC dominance is at 53.2% plus the total marketcap is now at 238 Billion.

Keep stacking. Go get you some.

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