Silver Rose 11% as Inflation Cooled
The number that has weighed most on silver this year was set at a US government bond auction in late July, the first since 2008 to pay this much above inflation.
The number that has weighed most on silver this year was set at a US government bond auction in late July, the first since 2008 to pay this much above inflation.
Last October India imported more than 1,500 tonnes of silver, and by May the figure was under 50, for reasons that had nothing to do with demand.
The world's largest primary silver producer reported 11.4% less silver this half-year, and a third of those missing ounces are still being mined by somebody else.
Today is the last session of the month, and I want to walk you through what I wrote over the past two weeks and what the market did with it.
JPMorgan cut its silver forecast to $60 to $65 in July, and the rest of Wall Street followed it down, but not one of those banks called the shortage over.
Paul Rejczak’s approach to the market is based on an analysis of recent and historical price movements, in conjunction with events or fundamental data that may influence short- to medium-term price trends.
Purely technical market analysis can lead to a lot of misleading signals, but when combined with an analysis of events that can potentially trigger changes in sentiment, an optimal and profitable strategy develops for the long term. In his Stock Trading Alerts Paul analyzes the main indicators of the stock market’s behavior, focusing on the S&P 500 index of the New York Stock Exchange. The trader can take positions on index futures, ETFs, or options. Each position will have its own target profit level and a point at which it should be closed with the smallest possible loss (stop-loss level) while maintaining a favorable risk/reward ratio.
Paul Rejczak is a stock market strategist who has been known for the quality of his technical and fundamental analysis since the late nineties. Paul has made his name by developing mechanical trading systems and he is interested in forecasting market behavior based on both traditional and innovative methods of technical analysis.
At Golden Meadow, Paul is currently developing the Gold Price News and publishes the daily Stock Trading Alerts, a premium product designed for those who want to stay on top of movements in the S&P500.