Silver in September | Market Rundown
Zen Moment Returns
Housekeeping: Substack improved some features. We can now go back to adding Zen Moments. Cheers
Contents:
Market Rundown
Silver Seasonality
GS: where to invest now
Zen Moment
1- Market Rundown:
Good Morning. The dollar is up 35 and having a direct effect on most markets. Bonds are unchanged. Stocks are softer all down about 25 bps. Gold is down $9.00. Silver is down 21c. Copper is down 2c. Crude oil is up 60c. Crypto is up 3.5% after a monster drop yesterday. Grains are all softer.
Data: No market-moving data today. Expect the NFIB to be bearish economically
TUESDAY, SEPT. 12
6:00 am NFIB optimism index Aug. 91.5 91.92:00 pm U.S. federal budget Aug. -$245B -$220B
Comment:
The Funds, those that have made money this year, are rolling their speculative positions out of metals and into Oil now. Those that have not made money are just closing positions. The rest, especially Silver, are now plowing into new short positions in the hopes of covering much lower.
Watch the video below for more on this seasonal phenomenon. We have been here before. And if metals can baseline here headed into November, that is a major victory for the next Buy Season.
2- Arcadia Economics on Silver Seasonality
“In addition to breaking down the EFP change, Vince also takes a look at the seasonality of silver, and goes through the charts on how silver has performed in recent Septembers.”
He talks about the various market forces that will be coming into play as we proceed throughout the rest of the year, and how he expects the silver price to respond.”
YouTube - / arcadiaeconomics