benzinga18d ago
Money Flowing Into SilverPlease click here for an enlarged chart of silver futures (SI_F).Note the following:The chart shows a strong move in silver.The chart shows silver is now a hair close to the magnet of $100.Gold is close to the magnet of $5000.The short term move in silver is exacerbated by two factors:Money is moving out of cryptos and into silver.Short squeezePrudent investors should note this is proof positive that many so-called crypto die-hards did not really believe in cryptos. They were in cryptos simply because cryptos were moving up. Now that cryptos have stalled and silver is moving, these same investors have become the biggest silver bulls. We provide momo crowd and smart money flows data in the Morning Capsules. Momo crowd flows are good for short term trades but not for longer term investments. For longer term investments, investors should consider following smart money flows. Following the momo crowd and smart money flow data gives investors a big edge.The U.S. stock rally has stalled in the early trade on hawkish Bank of Japan (BOJ). Due to the carry trade, Japan is important for U.S. markets. BOJ held rates as expected but the tone is definitely hawkish. BOJ has raised four of its six inflation projections.In London trading, yen quickly spiked up versus the dollar. In our analysis, Japan may have done rate checks with banks as a prelude to intervention.Japan's finance minister Katayama said she was watching the yen closely.Japan's snap election is set for February 8.Elon Musk's SpaceX is likely to be the hottest IPO in a decade. SpaceX is the largest private company. There is speculation that the IPO valuation will be about $1.5T. SpaceX has now lined up bankers. In our analysis, in a deliberate strategy to run up SpaceX stock post IPO, bankers are likely to create artificial scarcity. Scarcity will likely be achieved by offering $20B – $30B worth of stock out of $1.5T.Tesla Inc (NASDAQ:TSLA) plans to start selling humanoid robots next year. As full disclosure, TSLA stock is in our portfolio.Stocks of memory and disk drive makers Micron Technology Inc (NASDAQ:MU), SanDisk Corp (NASDAQ:SNDK), Western Digital ...Full story available on Benzinga.com