Long Position on Silver and Gold?

IMO, technical looks more bullish than what some analyst says, but fundamentally speaking, it should be bearish.


https://finance.yahoo.com/news/recen...184618023.html

Quote:

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Recent rally could be a 'bear market trap:' Miller Tabak strategist
Ines Ferr?Markets Reporter,


The recent rallies on the Dow (^DJI) and S&P 500 (^GSPC) have some investors wondering if the worst of the market declines amid the COVID-19 pandemic are over. The Dow, which rose more than 1100 points on Monday, is trading around 20% above its’ 52-week intraday low from March. The S&P 500 is up around 16% from its’ March 23rd low.
Yahoo Finance•April 6, 2020

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Lots of paper money hit the street and the street bought stocks. Thats the same reason the market has gone up since the last crash. We don't call it inflation.
When the next stimulus hits the street the market will go up again. Your pay check and savings will be adversely effected again.

Interesting read

Quote:

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This Is A ?Suckers? Stock Market Rally
Chris Vermeulen
FX EmpireApril 15, 2020, 6:24 AM MDT
Everyone I know who is not involved in the stock market or has little knowledge about it is calling me and asking what stocks, indexes, and commodities to buy because everything is so cheap and dividends are juicy again.

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https://finance.yahoo.com/news/sucke...122402728.html

“Sell In May and Go Away”

May settlement date 4/21.
I might adjust my entry pt after speaking to people who know more oil.

Attachment 81046

Oil is negative by $7.

Yes and now:

Crude Oil May 20 (CL=F)
NY Mercantile - NY Mercantile Delayed Price. Currency in USD

0.0500 -44.5100 (-243.62%)
As of 2:27PM EDT. Market open.

Okay, Since may20 closing time is couple hours away, let's focus on June and July Contract.
(btw, i am not going to talk about my detail hypothesis i was suppose to write, may20 is a bust and i was $ off a lot)

Biggest variable we need to fill to help out oil market (and make $ while at it).
1. When will governors of all 50 states get rid of stay home order and allow business to flow? (per state and per industries etc), so that we can find out the % of oil demand.
2. Would consumer and travel have confidence to travel back to what they use to do? (speculations and guess, only Cult leader will tell you the bogus numbers).
3. How many storage space is left?
4. We do know the supply side is somewhat fixed by "commitment of output."

I’m trickling into ERX as its down huge. It doesn’t have to get back to normal levels to make a little $ at this point.

1 & 2 - I think people will be rarin' to go once these stay-at-home orders end.

Some travel stocks are inexpensive right now, might be a good time to buy in.

3 - https://www.eia.gov/petroleum/supply/weekly/ they talk about crude oil stocks, meaning storage in this context (i think)