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PaddyMac33

256 Posts.

33

01/07/22

15:52

Post #: 62323902
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Originally posted by 1ronnie: ↑

And coincidentally with Gold's move lower, Crude Oil WTI is also heading lower, possibly testing $100 soon.

Commodities move together to the upside, now they move together to the downside.

As we read before that it is vital we listen to our bodies, if we do not feel normal or something amiss, we should not go into denial mode. We should have it checked.

And that is the same thing with markets. We listen to the market pulse; market sentiment and risk appetite can be observed across various indicators and metrics and we apply such observations to emerging market narratives to determine what is probable going forwards. The word is probable as any forecast or prediction is at best based on probability. But if we choose to explore possibilities in the context of prevailing market sentiment and conditions, we give ourselves a better probability to stay out of harm's way in a more timely fashion.

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"Commodities move together to the upside, now they move together to the downside."

Do they really but? I see plenty of red and green in there.
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0 Great analysis

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