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Gold Retreats, Bitcoin Breaks Downtrend & More: The Week in Commodities
Manage episode 479063741 series 3645668
Phil Streible reviews the week in commodity markets. On the SPX, he sees resistance around $5,700, and is hoping we can hold the $5,500 level. He says industrial focus can boost the prices of silver and copper and normalize the ratio between gold and silver. However, he thinks that the recent volatility has shown investors that everyone should have some gold holdings. He argues that bitcoin has recently broken out of a downtrend, but says risk-off sentiment could cause futures to fall “pretty fast.”
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4461 episodes
Manage episode 479063741 series 3645668
Phil Streible reviews the week in commodity markets. On the SPX, he sees resistance around $5,700, and is hoping we can hold the $5,500 level. He says industrial focus can boost the prices of silver and copper and normalize the ratio between gold and silver. However, he thinks that the recent volatility has shown investors that everyone should have some gold holdings. He argues that bitcoin has recently broken out of a downtrend, but says risk-off sentiment could cause futures to fall “pretty fast.”
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7
Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch
Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore
Watch on DistroTV - https://www.distro.tv/live/schwab-network/
Follow us on X – https://twitter.com/schwabnetwork
Follow us on Facebook – https://www.facebook.com/schwabnetwork
Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/
About Schwab Network - https://schwabnetwork.com/about
4461 episodes
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