Loading ...STATE OF THE MARKETS GOLDTENT CONFRENCE ( Meeting of the Goldminds )
Here’s my take…which changes every week…
Fundamentals follow The Chartology as we have learned from Rambus over the years
Right now though the Fundamentals favor Fun Da Metals
Run Away Inflation
Talk of Nuclear War
Incompetence and Inconstanence in the Oval Office
Uncertainty in Everything
Thats Bullish for PMs and Bearish for SPX QQQ et al
PMs might flush for a little bit With the Plunging Stock market ( Shout out to Sir Plunger)
But they will recover first ( a la 2008)
What YOUR Take >?
Technical indicators look pretty decent for a good move. I like a lot of those candles yesterday, large volume across the sector & massive bullish green bars. Today was a little pause but silver broke a short term trendline. I will get more bullish with a silver break out over 28.50 & hold for a few days, not a break out/ fake out. Decent signs but we know they can manipulate things
There’s not a day goes by I don’t ask myself that question. The Deep State has fallen back, but I fully (no pun intended) expect the counterattack in Feb / Mar, AND I expect them to pull out the big guns this time. Expect the stock market to drop badly this year. But PM ?? End of year — up, big. But getting there ? We know what happened in 2008.
But ……..
Am I still Early ??
Onward Pilgrims
WD
CHRIS Has an Opinion
Hi Fully
I thought I would add my 2 cents (since you asked). I laughed out loud at
your confession that your mind changes weekly hahaha – good one!
As you know I started nibbling last week after I asked you if you could
kindly give me a 25 year HUI/Gold ratio chart. Although I read constantly,
I don’t put a lot of weight in fundamentals alone these days. There is so
my suppression by state actors that they can paper over a lot of crises.
But in my opinion they can only have success in their manipulations for so
long, and to such a degree. While if left to it’s own devices, the Gold
may be multiples higher today, all the bad actors are doing is delaying
the inevitable. The vast majority of humans on this planet know that Gold
is money. Western civilization is the exception, but they are the
minority. Of course I don’t know the future, but I believe the charts are
telling a story. The HUI/Gold chart and the XAU/Gold chart have both
seemingly bottomed. The USDGold chart has the most beautiful 10 year cup
and handle formation in the markets at the moment. I chose last week to
begin adding because in my view, that handle is building out it’s right
side and that move may only take a couple months, so no time to be waiting
and watching. I will add more as the handle progresses towards completion.
At that point, if the charts are really telling the tale, and I’m reading
correctly, the fun should really begin.
Of course, things can always go the other way, and I would have to take a
loss, but in my opinion the stars are aligned. I have no clue what we will
read in the “news” that will be the official impetus for the coming moves,
I just know what I see… I think…
Chris