I woke up this morning in one of those hazy dream like states with a very strong notion that silver was about to start heading back to 45 or so - effectively tripling in value from today's spot price. There was no rigorous analysis supporting this idea. It was just one of those things that happens in dreams.
Some say that dreams are indicative of the mind processing information absorbed through one's daily life. Was my subconscious me telling my conscious me to "wake up, dummy!"?
Anyway, as I look at the financial news this morning and try to take a step back and assess the big picture, it certainly seems like it is possible:
Some say that dreams are indicative of the mind processing information absorbed through one's daily life. Was my subconscious me telling my conscious me to "wake up, dummy!"?
Anyway, as I look at the financial news this morning and try to take a step back and assess the big picture, it certainly seems like it is possible:
- The Fed wants to continue raising rates. There are indicators that this could cause significant pain in the bond (zombies!) and equity (stock) markets.
- The price of oil is forecasted to rise on geopolitical issues (Iran and perhaps to a lesser extent, Venezuela).
- Italy is the new Greece has started it's grand production in the EU theater.
- The potential for a hard Brexit is rising which could lead to short term interruptions in trade (which could have ripple effects for the EU economies).
- Central banks are buying gold again (perhaps signalling central bank concerns about the dollar).
