Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 4th of September.
This week should be quite a week. We have Merkle, Monti and the ECB stepping up and coming into focus this week. ECB Bank Pres. Mario Draghi is quoted as saying that he is comfortable helping to buy three-year government bonds to help struggling nations help fund themselves.
But guess what, it all gets down to market perception. Perception is something that politicians have not quite mastered. It is important to understand traders perception and what traders expect will happen in the future.
The perception in the precious metal markets is indicating that inflation is on its way and both the price of silver and gold should climb climb substantially in the weeks and months ahead. Technically that is what the markets are also telling us.
As we mentioned earlier, it all gets down to perception.
Perception is a powerful market force and is difficult to measure and track on a chart. However, it is a force that must be reckoned with by traders and politicians everywhere.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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