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Writer's pictureCraig

3 BAD Trades & what is going on in silver market?

Since October 2023 our head trader has made three bad trades, we know this thanks to one of our subscribers who is keeping count! The last one being a cheeky SPX short. The reason for the bad trades has been not following our process fully and in essence forcing the trade. With the last one we had the technical and macro setups but no big sentiment indicators and no real here and now trigger. We justified the trade as part of our process was fulfilled but at least warned everyone upfront this was possibly a bad trade due to increasing liquidity. We kept it as a small trade, got stopped out and moved on. Pretty much a bunch of humans over here still and we get human errors. And that is a brilliant transition into silver market... what on earth is going on ?


It may be as simple as this article suggests https://www.reuters.com/markets/commodities/gold-prices-set-second-weekly-gain-fed-rate-cut-optimism-2024-05-17/ ; Fed rate cut bets coupled with China stimulus! Although we have been saying this on our TikTok we have completely missed this move in silver and that in itself is another harbinger; we can't be everywhere at once. Honestly that is an ad to join a community of traders to get different ideas; whether ours or elsewhere. This is ours; https://discord.gg/8YMmf3eM . We are still in our infancy; it is mostly Chus and myself talking in the free section which you can see and the premium section as well, but it is a start!


Back to the topic at hand, I don't think the silver market just woke up to the possibility of US rate cuts and Chinese stimulus (I could be wrong) but I'm more concerned that this last leg was due to speculation of further tit for tat sanctions and tariffs and Chinese traders stockpiling many minerals before that.



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