The Trump-Xi Summit Just Ended. Silver Is Still at $85.
📌 Update - May 15th: Silver Has Since Pulled Back — Here Is What the Article Got Right
📌 Update - May 15th: Silver Has Since Pulled Back — Here Is What the Article Got Right
Markets are quiet today as everyone waits for results from the Trump-Xi summit in Beijing.
Silver is trading near $85. The gold-silver ratio just compressed from 62.25 to 55.46 in fourteen days. And the Fed just cast its most divided vote in 34 years, against a backdrop that has historically been among silver's strongest.
Trump landed in Beijing this morning. Meetings with Xi start tomorrow.
April CPI came in hot this morning. Headline: 3.8% year-over-year, above the 3.7% consensus.
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.