Statements: 1. No one has any money 2. People are buying something else 3. People have changed their beliefs
Responses to statements: 1. Recessions do weaken "excess funds" to speculate on stocks and commodities. 2. People are buying T-Bonds instead. 3. People are buying the idea that DEFLATION is in the future instead of inflation.
STRATEGY:
Go long SLV here: Stop loss 27 initially.
The market can rise sharply on the hint or the idea that a new QE (Quantitative Easing) will be launched. But EXIT on that reality.
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.