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Unstable Environment In The Saudi Riyal, Bottom In Silver

Published 20/04/2016, 14:59
USD/JPY
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BTC/USD
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XAU/USD
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XAG/USD
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USD/SAR
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GC
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SI
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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

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