James Helliwell, Head of Markets at The Lex Van Damme Trading Academy, explains that a recession in the US has already happened and things look bright now, thus the rally in the stocks isn’t really the most hated one anymore. Helliwell adds the risk is being on the short size and goes on to discuss the dynamics in the US equities and European markets.
Helliwell points to a bearish divergence on silver and states a possibility of correction to $18/Oz levels. However, he remains a silver bull.