Our Live Trading Rooms Bring Together Thousands of Traders from Around the World!
Precious Metals and the U.S. Dollar (DXY):I keep thinking that the 3% plunge in Gold (GLD) and the near 5% plunge in Silver (SLV) are a liquidation event into the end of the quarter in reaction to last week's parabolic spike in 10-year YIELD from 4.93% to 5.23%. A risk-off reflex action ahead of the start of Q4...That said, however, I also think that Wednesday's PCE Inflation report for August is the next significant headline risk (reward) for precious metals. If PCE comes in cooler than expected, then YIELD and the Dollar should moderate and the PMs should catch a bid.
73 Percent Human — Prologue: The Start of a ConversationThis is the beginning of a conversation regarding one of the most pressing subjects humans have faced in their existence. What will AI do for us, and to us? Many opinions and even declarations already exist. The object of this interchange is not to stand out as smarter or superior. Rather, it is part of the discourse. And it is discourse, to a certain degree, that enables progress.Why humans reach for destruction instead of discourse is one of the dastardly downfalls in our history. Perhaps that is for another time though.
With the market pushing higher today, it has to force us to view another shallow wave 2 as having completed. If you look at the 5-minute SPX chart, you will see that I am now viewing us as being in wave 3 of the ending diagonal taking shape for the c-wave of wave (v).But, due to how shallow the potential wave 2 was, if forces me to extend our target for wave (v) just a bit higher. This makes the ideal target for this c-wave of wave (v) the 7920-7975SPX region.
Our Technical Analysts Share Their Expertise 24/7 on a Vast Range of Markets!
