Francis Hunt of The Market Sniper, joins the Tip TV Finance Show to discuss the USD/JPY, the Saudi Riyal Peg Fail, the two alternatives for Bitcoin, and the outlook for silver and gold.
Key Points
Saudi Riyal peg fail – USD/SAR – Shorts being flushed. Choppy activity seen which is evidence that there is pressure building.
Bitcoin: Getting tight in terms of volatility, pointing towards a major move, bias to the top.
The two scenarios for Bitcoin
Silver – Downside acceleration diminishing, Calling a bottom on silver prices