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Economic Indicators Released Overnight
Plenty of data to digest but only really 2 takeaways
Markets were quiet but we did see what appeared to be concerted intervention in Gold, Silver and Bitcoin. If true that's one for the record books. All 3 bounced back anyway, showing us that on any dips there are buyers.
Equities going with the flow.
US Equities
Stock market today: Dow shrugs off likely government shutdown to hit record high [investing.com]
Bitcoin sustained heavy selling pressure down to 112.7k but bounced nicely leaving a doji for the start of the day. Read more
The first signs of the parabola beginning to break as Silver still heads toward the $50 all time high. The selling pressure yesterday hasn’t changed the price structure. Read more
Price is beginning to move out of the pennant consolidation. Liquidity is being added to markets everyday by the PBoC as local investors get a break from the continual real estate write-down. Read more
SHANGHAI COMPOSITE Daily
Strong bounce from what is now 15 year support. Supported by RBA holding rates yesterday and hot inflation last week. Read more
Trump Says ‘A Lot of Good’ Could Come From Government Shutdown