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Msg  224730 of 225205  at  10/17/2020 7:36:45 PM  by

couplover

The following message was updated on 10/17/2020 7:42:26 PM.

 In response to msg 224726 by  tobinator00
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Re: OT: Market Reactions to Elections 2 Weeks Away.... My PM Take

“Monday, October 19th will be the high-water mark......”

Just happens to be the exact day the 1987 crash began.

As it pertains to PMs I an saddened and surprised the news of largest debt spending ever was ignored by public and barely stayed in the news a day. Also FED has been asked to stop buying corp debt by oversight committee. Both of which should have moved PMs up. Of course it is nearly impossible to know if indeed the news did move PM into strength and absent that news the massive dump and selling that shaved 2% in under an hour the day the inflation report came out would have headed for $1870 and below instead of back to $1900? No way to really know much about the PM market drivers when entities can and do sell billions of dollars in contracts with no need for actual metal......ever.

Also shares moved out of typical patterns all week neither signaling or confirming metal action. Disconnect was the how I view the shares this past week and that is Bullish, coupled with 3-5% moves up and back in just days. Bulls hate riders.


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