Loading ...Important Reversal Day
Today is setting up to be a key reversal day in many markets. Most importantly it would be great if gold and silver can reverse their breakdowns and put in the final bottom of the correction since August. Gold is close enough to it’s 200 day, it doesn’t matter if it kisses it or not. I am looking for reversals in a number of markets. Gold and silver reversing to be up by the end of day. Stocks either finally trading at 30,000 on the DJIA or again getting right up to it and selling off by end of day and NASD 100 getting to 12,000 only to once again reverse and selloff. Even Bitcoin, after challenging it’s ATH should reverse and pullback as well. My favorite vehicles are CEF and PSLV both closed yesterday at DISCOUNTS of 4%+ from NAV.
Lets Hope CM
This is Brutal
Chartmaster, It seems you have been calling a bottom in Gold & PMs for some time now along with a top in the Stockmarket. Do you have any charts and TA methodology to back up your views? If so, I would like to see them.
Called for the metals two weeks ago. I believe you have also been calling for a metals bottom for some time but you have been pushing it out further and further. I have been calling for DJIA 30,000 for months. Today it is here. I interpet the charts don’t make my own.