Hi, AKK newbie here....mostly follow Silver but thought I'd get oiled up. Got in at 0.024 Bit surprised at the (non) action on this one so I did some correlations aginst West Texas Crude and the "Inverse US Dollar"....basically the dollar chart turned upside down...as this is an easier method of pictorially displaying the relationship. Anyhow, seems there's a general relationship there which more or less applies to AKK as well. The point of all of this is that I suspect some news soon which will be dollar bearish.....and will rely either on our friends, the US Fed Reserve, or maybe even something as close as the next US jobs report due this Friday I beleive....will be interesting to see how this driiler goes over the next few months as the dollar is due for another cyclical low over that period. Please see below for the correlation study. Cheers.
AKK Price at posting:
2.3¢ Sentiment: LT Buy Disclosure: Held
