It’s laborious to see gold & silver being drawn out into no-man’s land, a lot much less occurring…
(by Half Greenback) The time period “trench warfare” comes up in market speak once in a while to explain a sure kind of stalemate, a sure kind of being caught, the place neither the bulls nor the bears are making any actual progress in the direction of attaining their aims.
The time period “no-man’s land” additionally comes up in market speak once in a while to explain the harmful, ugly space of trading-account immediate loss of life that’s discovered between the trenches of the effectively dug-in bulls and bears.
If we had actual markets with precise value discovery, I’d say these two phrases apply to the present state of affairs within the gold & silver market.
And due to these two dynamics, generally within the markets, the very best motion to take is to take no motion in any respect:
As a result of prior advances have been misplaced, and most just lately, gold and particularly silver have even given up some floor, so any motion taken proper now probably features a excessive likelihood of failure.
That’s to say, the issue now could be the weakened bulls don’t see numerous floor to be gained by occurring the offensive, which would come with a visit into no-man’s land, and pushing gold & silver again even additional might inflict catastrophic losses on the over-confident bears, and that would change the tide of struggle.
Moreover, with not a lot so-called “market shifting” knowledge being launched this week, just like the CPI Inflation Report that was launched final week, and with the Fed sustaining radio silence this week, as per custom, since we’re one week previous to the Fed’s subsequent formal FOMC assembly, suffice it to say that I wouldn’t be searching for a complete lot of motion from both facet because the motivations for market motion are merely not there.
As a substitute, all issues thought-about, together with the truth that they might merely nuke our trench into oblivion at any given second, I’d be searching for some reassessing and a few regrouping this week.
Endurance is a advantage?
Extra like persistence will likely be examined…