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Technical update on gold and silver
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About the talk
Quick technical update about the actual situation in the precious metals sector.
About speaker
Florian Grummes is an independent financial analyst, advisor, consultant, trader & investor as well as an international speaker with more than 25 years of experience in financial markets. Midas Touch Consulting is publishing weekly gold, silver & cryptocurrency analysis for his numerous international readers. He is also running a large telegram channel incl. outstanding realtime crypto signals. Florian is well known for combining technical, fundamental and sentiment analysis into one often accurate conclusion about the markets.
View the profileHello everybody, and thank you very much for having me. My name is flora, and I'm the managing director of my sisters, and I want to give you a quick technical update on gold and silver just to maybe Russ you can let me know if you can hear me see me, and also see my mouse my pointer. Okay, nobody's complaining. So I just continued please pair mind. I have no clue about the future. I only cook with water like everybody else. So you have to do your own due diligence. I want to start with the first child at the market chart. This is the total US Weekly jobless claims and you can
see over the last 10 weeks of this lady. We all know this has been exploding in America. There is no more than 40 million people without a job RX Plus benefits. And the same thing is true for most of the other countries on this planet. So the situation in Europe is similar in Australia and Peppa Bankers in response to this have expanded their balance sheets to unprecedented levels and you can see here the FED balance sheet for the the Federal Reserve and America the same thing is happening in Europe and
Central Bankers as well have expanded their balance sheet. So there's a Massive amount of liquidity somehow being created out of nothing and there is certainly a point to be made if you look at the stock market's being a weather right now in liquidity trumps everything at the moment, even though the real economy is in a diet shape in most countries almost sectors and as a response from the market as well, you can see already and this I think it's important to be aware of this is the price for beef and it's up 100% over the last few weeks.
MINEX Central and Eastern Europe, MINEX Western & Northern Europe, MINEX Southern Europe materials (3 June, 1 and 2 July 2020)
MINEX Central and Eastern Europe and MINEX Western & Northern Europe materials
MINEX Central and Eastern Europe and MINEX Southern Europe materials
MINEX Central and Eastern Europe materials
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