Softer Currency, Strong Commodities - Short-Term Market Resilience?

in #steemit8 years ago (edited)

This week has been a real ringer, seeing a rallying market of late, a declining dollar that just keeps on slowly falling due to an expected Trump budget, higher oil prices, and a continuing effort on bullion's part to stay in the game. Silver is a seller's market today.

However, instead of remaining cautious and wary of the market and encouraging investors to stay vigilant and ready for a near downturn, the MSM continues to tout the market, saying "it's never been stronger" and Goldman claiming that "Momentum Investing Good in Commodities", which is laughable for long-term health and growth. Looking at the market of late, I think it would be a good idea to invest in oil in the near future and definitely in bullion.

The DJIA, Nasdaq, and S&P 500 are all up today, showing sold effort since market open, even with the 350 point drop last week, showing it has rebounded somewhat well. Here's a snapshot of this information, courtesy of http://www.nasdaq.com/markets/commodities.aspx

Capture.PNG

Cryptocurrency is doing amazing, cannot wait to see the growth in the near future!

Thanks for reading Steemers!

#SteemOn

Sort:  

Good post. I can see now on the hourly chart, that silver is in a downdraft.
Sellers have control at the moment.
Francis

Okay, just made that correction! Thanks Francis

Coin Marketplace

STEEM 0.23
TRX 0.21
JST 0.035
BTC 96827.97
ETH 3342.32
USDT 1.00
SBD 3.21