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Will Equities rise cause silver prices to fall? Video

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Today is Tuesday 28th August 2018 and we are producing a very short video today really as a taster for a more lengthy one later in the week.
On the weekend we stated that we would be commenting early this week on FED’s Chair Jerome Powell’s speech at Jackson Hole last Friday and its potential impact for gold and silver prices.

We have already noticed one consequence of that speech since then. Today the Dow Jones has again breached the 26,000 level, standing at 26,064 as we prepare this video, the S&P 500 is just shy of 2,900 and the Nasdaq has risen to 8,030

With gold down today by $9 to $1,201 and silver by 18 cents to $14.71 any further strengthening of these markets will again attract investors to stocks as opposed to precious metal commodities.

For those who believe the bull market is over for equities had better think again and we shall be laying out our argument and views on Thursday. In addition, some of President Trump’s negotiations are beginning to pay off in some quarters, so don’t as yet head for the hills with your sacks of gold and silver as we may have a little time for further prepping ahead.

Also, announced today, U.S. consumer confidence surged to near an 18-year high in August, as households remained upbeat on the labour market, pointing to strong consumer spending that should help to sustain the economy for the remainder of the year. All of this adds to the good news and therefore excitement in the city – we think it may be a sign of concern but not for a couple of months.

So please look out for our video on Thursday we are desperately trying not to make it too technical but to at least put forward a strong argument while we believe there is a further leg down for precious metal prices soon and a further leg up for the equity markets.
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