Dear Members,
Last week markets remained very volatile. Dollar made recent months lows against Swiss Franc, Pound and Yen. Euro remained in the positive territory and with gain on Thursday and Friday. Economic data and Chinese economic news once again gave indications that world economy doesn’t have a strong base yet to rebound strongly.
Recent metals and oil trends clearly indicate that big boys like to book profit in precious metals and energy area because they are aware that any negative economic news comes out from China will pull down metals and energy big. Current astrological position doesn’t support anything coming out from under the earth (metals and oil) but surely supporting which is growing on earth like (grains and soft commodities). Our members should follow grains’ trend very closely.
Financial markets always test your emotions. Trading is a big psychological challenge as many known and unknown factors are involved when you trade markets. We are trying our best to guide and try to win battles in predicting one of the most uncertain things in the world.
Monday USA market is closed and I am traveling. So I will stop here and write the weekly trend:
Weekly trend from 5 to 9 July
Gold/silver....