Loading ...Stock Market Crashes Tomorrow
Looks like a BIG drop tomorrow for stocks. Whether gold and silver get taken down for a day or so also, OR explode higher, I don’t know, but I am positioned for either possibility. Like I stated in this morning’s post, if the stock market decline includes the metals, it will be a buying opportunity, never the less.
Hot Non Farm Payrolls in the AM for the obligatory metals smackdown. Then we will have the official bang start of WW3 this weekend that should quickly reverse that decline by Monday. So says my crystal ball.
I don’t know Chartsmaster. Agree that the market is top of its range today but I don’t see a crash coming. Pullback is no problem. Just corrective. But a crash is a another matter altogether.
Sir Dadoc1,
What if this time is different? As in stocks NOT going up in wartime?
As the Bloomberg “analyst” is scratching is head with gold’s strength in the face of unprecedented yields in 15 years, what would it take for the above mentioned difference to happen?
Frogs get boiled.
My naivette grows unbounded.
GL
Two points, first for Sir CM.
Quoting one of my favorite analysts, who was earlier this week thinking that the daily cycle in gold/silver/miners may have already topped: his strength is to admit and evolve his analysis.
2:05 AM · Apr 4, 2024
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“I may be underestimating the final top in silver (for this intermediate cycle). I was thinking $30 with a long shot of $35. $35 may not be such a long shot if silver can get to $30 during this first daily cycle.”
Now, having followed him for over a decade, I just wish I had listened to him when at Nasdaq 5k he called for Nasdaq 10-15k. But since I decided to become a PM permabull, I stupidly wanted him to be wrong, LOL, I paid heavily and missed out the greatest free ride. Still, I learned to believe him.
The same analyst first spoke on April 2nd about the start of the crash on April 2nd 2024.
Charts turn first. Events always follow.
Thanks Israel for orchestrating October 7th.
I stand by my words: even if gold/silver have a fire lit under them due to war, they won’t correct easily.
Welcome to stretched daily cycles.
Followed by stretched intermediate cycles.
GL
Who is the analyst GL?
Thanks for asking, Sir Farmer.
Gary Savage
https://twitter.com/garysavage1
GL
Thanks. I battled that guy for years over his technical methods. Gary is tenacious. But I was rarely wrong.
And now META has a dangerous candle: gapped up at the open, new all time high, the close being near the bottom of the daily candle.
If such a candle is followed by a close lower than 506.74 tomorrow, more confirmation of a top and reversal.
Close below 485.58 clears all TA hurdles.
GL