• 757 days Will The ECB Continue To Hike Rates?
  • 757 days Forbes: Aramco Remains Largest Company In The Middle East
  • 759 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,159 days Could Crypto Overtake Traditional Investment?
  • 1,164 days Americans Still Quitting Jobs At Record Pace
  • 1,166 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,169 days Is The Dollar Too Strong?
  • 1,169 days Big Tech Disappoints Investors on Earnings Calls
  • 1,170 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,172 days China Is Quietly Trying To Distance Itself From Russia
  • 1,172 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,176 days Crypto Investors Won Big In 2021
  • 1,176 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,177 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,179 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,180 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,183 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,184 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,184 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,186 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

Silver and Gold Update

Here is an update of the daily Silver/Nasdaq 2000 analog from last weeks note (see Here). This chart was created intraday ~ 9:45 EST 9/22. The analog had a target for SLV ~ 36 for this week. I sold my respective ZSL and GLL positions this morning with the expectation that silver and gold should firm in the coming sessions and make one last attempt at a rebound high in the coming weeks.

To the degree that the markets have been highly correlated coming into the Fall, I would expect the equity indices to also firm in the coming sessions. When these correlations will weaken is anyones guess at this point - but I would expect that a resolution directive on the European front would go a long way to differentiating asset class relationships going forward.

As always - stay frosty.

Nasdaq/Silver Anaolog Study
Larger Image

 

Back to homepage

Leave a comment

Leave a comment