The Reddit revolution is in full flight as their target on Silver pushed it up to touch the $29 levels, as they try to short squeeze the institutions. It would be very interesting to find out how many hedge funds they are actually short squeezing and how many institutions jumped on to the Reddit bandwagon to ride the Reddit bubble.
This week is filled with quite a lot of high impact events. Starting off with today’s PMI out of the US and Europe.
Tuesday, we have Rate Statements out of Australia and Unemployment figures out of New Zealand.
Wednesday, there’s some more PMI figures being released, and the ADP figures out of the US.
Thursday, the UK is set to give its Monetary policy statements with little expected to change with regards to its Asset Purchasing and Bank Rate.
Then on Friday we finish off the week on a high, with Australia giving its Monetary Policy Statement, with Canada and the US finishing up with their unemployment figures