Badcharts

Badcharts

A very short term outlook on the short end of the yield curve... This is a KEY chart to understand where the risks reside (recession or not). Where do you think this goes next?

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Watch what the aggregate of market participants are doing. Above black= recession risk is lower Below red = recession risk is higher So no... the economy is not out of the woods yet.

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Yes, MANY are now CHASING the gold price, trying to find shorter term corrections to jump in. The hard truth is that the BEST entries are FAR behind. MOST of the crowd often misses these VERY rare opportunities.

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$3325 is the next breakout line $4000 target if price stays above the rising support line good above this support line

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Gold. Momentum slowing down. Support getting tested. Better hope it holds.

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If the red line breaks during a Nasdaq meltdown… Game over. Gold wins.

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History has shown us that using liquidity (m2) to anticipate stock market reaction is a dangerous game. It can work, until it doesn't. What always works is analyzing the price chart based on its own merits.

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Gold has drifted sideways since I did my "I know, gold bulls don't want to read this" post. There was some peak euphoria back mid-April which led me to write that. Now, until this congestion resolves, there are no low risk entries.

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Its getting really skittish for our "golden" friend! Its getting really skittish for our "golden" friend! Its getting really skittish for our "golden" friend!

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NO... Gold has NOT properly tested $3000 yet. Does it HAVE to be tested? Of course not. I have outlined TWO bullish scenarios. A failure to hold $3000 (or the 12 month sma) opens up a more nefarious type of correction. See 2008 where the 36 month sma got retested.

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Gold still grinding. Gold still grinding. Gold still grinding.

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V-shape bounce in progress for the Nasdaq. If we start getting closes above the 20-21K area, this should challenge all-time highs once again. Neckline to get bearish is still at 17K. Never front run a possible topping pattern.

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For the last 5 times out of 6. Gold bottomed when the inflation rate lost a rising support line.

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DISCLAIMER: YOU WILL NOT LIKE THIS !!! If you think we are heading into a 1970s type of stagflation environment... Don't expect miners to do anything spectacular. On the contrary they should underperform.

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From 1966 to 1982, holding on to U.S. stocks was a painful experience, especially once you factor in inflation. But guess what thrived during that time? Gold, silver, uranium, crude oil & friends.

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For gold stackers... Rarely have single family homes been so cheap.

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Who else caught this ominous looking chart? Tech giant Apple (priced in silver) is breaking down after a failed move upwards. Warning signs appearing left and right...

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Gold's OUTPERFORMANCE over silver is unrelenting! This ratio has a higher chance of unwinding AFTER the stock markets enter a bear market and bottom. Could take a while.