As I have said in my first post, the 100 day EMA has turned for a cross of the 200 EMA. We are at the June low and August high resistance level. A solid break above this level will continue to my predicted profit mark at 2043.50. Investors will be paying attention to Congress next week to see if they pass the $1.5 Trillion government funding for 2023. If the bill passes which is almost a shoe in then it will put a huge weight around the dollar’s neck. Bond yields could nose dive as investors flee the market to seek safe haven security in precious metals such as Gold, Silver, and Platinum. Some economists have suggested that Gold could reach $2,500.00 by summer. I’m betting they are correct. This could make Silver rise to @$30.00-$35.00 by August before the September pull back. Let me know what you think by leaving a comment.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.