DOW 30 is leading the way as rest of the market pulls back, Silver looks ready for another leg down, US dollar stops the bleeding , Bitcoin surges follow hard fork
Nice move up for silver today, but in till we get above 16.80 the down trend is still with us
Still two hours before close of trading and markets are taking a hard hit, safe havens are Utillites, Gold and Silver
as I have noted before August and September are the two worse month of year for stocks, I will be making a wish list of what to buy once the selling is over
Now 10 cryptocurrencies have market caps of over 1$ billion , With a total crypto market cap of 124$ billion , now compare this to Apple Inc and their 840$ billion market cap, just to give you an idea how far this market has to grow
Stock indexes are in full pull back mode, how long this last is any ones guess, Oil down but only a little, Gold and Silver nice bullish action and Bitcoin tops $4000, all this and more in my weekly market video
Markets start the week up sharply, I would had rather seen a deeper pull back with a major inter day reversal, as it is now, this is coin toss if we finish week up or down
except for energy markets are drifting higher, but ever so slowly. Silver had a nice move today , more on that later
Big story today is the sudden surge in Bitcoin Cash, Look at that total market cap, any guess on when we will top 200 billion,
As I stated on Monday, market had 50/50 chance of finishing the week up, looks like the down side wins, This could be the August selloff I had been expecting, I hope you have Gold, Silver, Utilities and Consumer Staples to weather this correction
No one can know how high the Crypto Market can go or if Bitcoin will remain the top dog, But to have no skin in this game is a mistake, a $500 investment in Bitcoin one year ago would be worth over $4,000 today. Buying after correction still seems the best time to buy, or forget market timing and just buy a little each week
