Silver Could Break it's 15-Month Range

The inter-Korean Summit Friday has seen to be one of the biggest moves in the ASIAN Territory in decades. With current trade wars with China and the U.S, this move from North Korea is essential for China's stance in this region as U.S/ South Korean trade negotiations are still pending. Charts below will show the significance of China's presence in this area and how the U.S trading presence is scarce and diminishing.


North Korea's Trading Partners

South Korea's Trading Partners

Silver is mined 80% for industrial purposes and is the most conducive metal used in electronics. South Korea's production of electronics with emphasis on Televisions and Cellular/Telephones indicates is its demand for the commodity for exporting its key products. A strong connection with North Korea will only increase the Korean Peninsula's reliance on China. China increased presence in this area will only bolster trade and its position in the "Maritime Disputes" within the region.

Technically, Silver has been bouncing in the $21.00 and $14.50 Range for 5 Years.

Only recently has it been consolidating between $18.50 and $15.50 giving $15.50 a good buy range for all corresponding FUTURES, Equities, and ETFs. Since Silver is mined from Iron Ore, I expect one the worlds biggest Iron Ore producers (AUSTRALIA) to step on the scene as the demand increases.

Until then, this was a strategic move for China giving the U.S limited options to maneuver and be a diplomatic strength in this region.


Let's see How the Markets react.

AUDUSD Extends Losses

AUDUSD extends losses against a stronger dollar. We could see further depreciation into .7420 levels as this month concludes..

USDJPY Extends 5-Week Run

USDJPY extends 5-week Run as trade tension cool with China. We could see short-term Resistance around 110.50 leading into the next Month.

EURUSD Breaks 2-month Trading Range

EURUSD breaks 2-month Trading Range as the dollar Strengthens during European opening Session. We could see further depreciation towards 1.2010 Range leading into May.

USDCAD Showing Bullish Tendency on Crude Pullback

USDCAD is showing Bullish Tendecies as Crude retraces with a stronger dollar. We got short-term resistance around 1.2885 levels. A break out above this level could be headed towards 1.2950 territory.

Is this a Coincidence?

I usually tease individuals that use Mercury Retrograde as means to justify human behavior, but after studying market trends around these times I found something quite interesting. Usually around the retrograde area (area) the markets experiences a high level or uncertainty and volatility.


Is this a coincidence?


Does Mercury Retrograde's affect on human behavior really plays a role on how market participants trade?


You do the Math...