The global silver market is forecast to record a second consecutive deficit in 2022, with a multi-decade supply gap of 194 million ounces forecast, as demand is set to rise to a new high.
Gold now being on a Long weekly parabolic trend, in the vacuum of historical averaging we can see price on this run reaching above 1900, albeit the 1800's are structural resistance..
The jobs market is continuing to stay strong longer than the Fed has expected. The Fed has says that they want to see weakness and this jobs data does not show that. We will see with the inflation data.
Fundamentals did not drive Bitcoin higher, same can said with the US Dollar -- sentiment. The USDX went insanely far from its moving average. Gold moving into a trending phase...
Employment data out today, market mover. It took a big break in the dollar to move gold. The price is moving into the $1824.40 -- where I imagine there will be trouble.
Powell starting to show his hands. Still saying hikes are data dependent. One more big event this week, jobs data this Friday. Gold in a bullish stance.
