Just A Few Days To Go
As I have been discussing for the last few weeks in both posts and comments, next week is going to be extremely important, across most markets. Major turning points are likely for equities, precious metals and bitcoin.
I expect the backing and filling in gold and silver will end by Tuesday or Wednesday, leading to the next leg higher for both. Equities should also complete their topping out process, with the NASDAQ 100 leading the way lower, going forward.
Over this weekend, Bitcoin is likely to hit 100K and begin at least, a decent correction. Bonds are probably due a bounce, the strength of which will likely correlate inversely, with equities decline.
Establishing positions and or adjusting portfolios before Thanksgiving, should prove rewarding in 2025. Best wishes to all.
Looked at Bitcoin monthly RSI , long way to go yet, lots of chatter on gov’t buying it up and such… gold miners obviously suck as Millenials chase the crypto. Plug n plsy instead of drill and pay hoping to find some shiny 10.000′ down…..
https://www.tradingview.com/x/JqhV3kmJ/