Weekly Wrap - 28th Feb - Bad week for Bitcoin, Gold + Silver. DAX + FTSE up. US indices mixed

My pigeon's instinct says that this will NOT lead to a broader market sell off and I can smell opportunity on the horizon

Housekeeping

• The new MONTHLY WRAP will be with you on Saturday 1st March 2025. It will be a look at the various monthly charts for Gold, Silver, Platinum, other commodities and some major indices as well as the RSI’s.

• Apologies that I have not been overly active on the chat function this week. It is the last couple of days for my Mum in Mexico and we don’t know when we will see each other again, hence having some quality time together in the Yucatan. Normal service will resume from Wednesday 5th March 2025 and thank you for your understanding

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A massive thank you to ALL new AND existing founding members, paid subscribers and free subscribers. It truly is an honour to see more and more Contrarians :-)

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Summary of the markets this week

• Major Indices = Mixed on the week

• Gold = No new ATH + DOWN

• Silver = DOWN

• Copper = DOWN

• Platinum = DOWN

• Nat Gas = DOWN

• Brent Crude = DOWN

• BTC = DOWN

Gold

I am not overly concerned by Gold and Silver.

They have been down this week but imho I believe that this is just the market getting rid of some of the froth and getting rid of some weak hands. Once a bottom has been found (possibly already done today but if not then next week) then we are likely to go to higher highs (probably late March/early April) as a result of trade wars/tariffs intensifying as well as issues with the COMEX.

Gold finished the week down 76 cents (about 2.7%).

Silver

See note above for the Gold section.

Silver finished $1.35 (about 4%) down on the week.

When any form of liquidity issues hit then most things normally sell off, including Gold and Silver. This just seems like some form of garden variety pullback. It is healthy activity when in a bull market.

In a week where most things were down, let us have a look at what Platinum, Copper and the major indices look like……