Weekly Wrap - 7th Feb - Gold makes new all-time high ($3,000 next?) + are the markets beginning to crack?
Another choppy week is behind us. Expect MORE volatility moving forwards.
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Summary of the markets this week
Major indices dumped and pumped & ended the week UP
New ATH for Gold ($2,886 intraday)
Silver is getting suppressed (surprise surprise)
Brent Crude down
Nat Gas up
What will happen to Platinum?
Although the major indices finished higher for the week, I would argue that the candles leave next week on a knife edge. I’m not saying that they are going to crash and burn but there could potentially be a mini correction.
Headlines like the one above are always a cause for concern and should get Contrarians noses up! All is not well in the world!
That being said, it takes a lot of mettle to just sit on the side (in cash) and wait for opportunities.
There will be a hell of a lot of opportunities to take advantage of this year.
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