5 Things that Grabbed my Attention
1. The market is pricing in an 80% plus chance that the RBA will hike interest rates today from 4.1% to 4.35%.
2. Price moves of OIL and SILVER are inversely related at the moment however eventually the market will realize that SILVER is a store of energy and demand for it continues to surge thanks to SOLAR…..As OIL rises so too does interest rates thus the algorithmic traders automatically sell SILVER and GOLD because that’s what is programmed….. Overnight OIL rallied 5% while SILVER fell 4%.
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