{"id":33089,"date":"2018-04-03T09:30:39","date_gmt":"2018-04-03T14:30:39","guid":{"rendered":"http:\/\/olduvai.ca\/?p=33089"},"modified":"2018-04-03T09:30:39","modified_gmt":"2018-04-03T14:30:39","slug":"market-meltdown-continues-gold-silver-prices-begin-to-disconnect","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=33089","title":{"rendered":"MARKET MELTDOWN CONTINUES: Gold & Silver Prices Begin To Disconnect"},"content":{"rendered":"
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MARKET MELTDOWN CONTINUES: Gold & Silver Prices Begin To Disconnect<\/a><\/h3>\n<\/header>\n
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As the BLOOD continues to run on Wall Street, gold and silver were the few assets trading in the green today.\u00a0 As I have mentioned in past articles and interviews, investors need to get used to this sort of trading activity.\u00a0 Even though the Dow Jones Index ended off its lows of the day, it shed another 458 points while the Nasdaq declined 190 points and the S&P fell 60.<\/p>\n

As the broader markets sold off, the gold\u00a0price increased $15 while silver jumped by $0.25.\u00a0 However, if we look at these markets during their peak of trading, the contrast is even more remarkable:<\/p>\n

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At the lows of the day,\u00a0the Dow Jones Index fell 730 points or 3%, while the S&P 500 fell 3.2% and the Nasdaq declined by 3.8%.<\/strong>\u00a0 Also, as I expected, the oil price fell along with the broader markets by dropping 2.7%.\u00a0 If individuals believe the oil price will continue towards $100, due to supply and demand fundamentals put forth by some energy analysts, you may want to consider one of the largest Commercial Net Short positions in history.\u00a0 Currently, the Commercial Net Short position is 738,000 contacts.\u00a0 When the oil price was trading at a low of $30 at the beginning of 2016, the Commercial Net Short position was only 180,000 contracts.<\/p>\n

Furthermore, if we agree that supply and demand forces are impacting the oil price to a certain degree, does anyone truly believe oil demand won\u2019t fall when the stock market drops by 50+%???\u00a0 I forecast that as market meltdown continues, the oil price will decline as oil demand falls faster than supply.<\/p>\n

Now, when the markets were at their lows today, gold at its peak was up $20 while silver increased by $0.44.\u00a0<\/strong> Of course, this type of trading activity won\u2019t happen all the time, and we could see a selloff in all assets some days.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

MARKET MELTDOWN CONTINUES: Gold & Silver Prices Begin To Disconnect As the BLOOD continues to run on Wall Street, gold and silver were the few assets trading in the green today.\u00a0 As I have mentioned in past articles and interviews, investors need to get used to this sort of trading activity.\u00a0 Even though the Dow […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[7551,374,8662,8409,4919,647,730,12073,860],"class_list":["post-33089","post","type-post","status-publish","format-standard","hentry","category-economics","tag-dow-jones-industrial-average","tag-gold","tag-market-decline","tag-market-meltdown","tag-nasdaq","tag-precious-metals","tag-silver","tag-srsrocco-report","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33089"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33089\/revisions"}],"predecessor-version":[{"id":33090,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33089\/revisions\/33090"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}