Loading ...I Believe We Heard The Starter’s Pistol
Tuesday, I posted about the need for the stock market to top and roll over, to signal the next major phase of the gold and silver bull market. I believe Wednesday’s stock decline marked the top and turning point.
The expected sharp decline in the metals, should reverse violently and signal that capital will now be flowing out of equities and into gold, silver and the miners. That massive flow has just begun for gold and by next week, should move into miners and silver, as well. It is ground zero for the 2025 bull market in gold, silver and the miners.
Rates are rising and the entire CRB spectrum (including commodity currencies and PMs) are getting hammered. (Breakfast items and dark chocaholic addictions excepted)
The pain will continue until rates peak and reverse. (HOW? WHY? IDK yet.)
Could be on flight to (cough cough) safety, or something else.
But I don’t see that until Feb or March, at the earliest. Which is what I’ve been saying for awhile, based on my charts as well as those I track use who use those EW chart patterns but “don’t really understand” these markets.
If only.