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Small down days and sideways days keep the uptrend healthy and ongoing. Tough spot to be in as overbought as the mining shares are, but I think we still get some good short term upside before a correction. But I've been wrong before.
 
Economy in USA starting to cool....



...
The Labor Department reported Friday that payrolls grew by 236,000 for the month, compared to the Dow Jones estimate for 238,000 and below the upwardly revised 326,000 in February.
...

 
makes perfect sense

2023.04.07 How De-Dollarization Will Affect Capital Markets​

16m
 
My apologies if this has already been posted.

"I Changed My ENTIRE Prediction On Gold & Silver Here's Why" | Rick Rule​


 
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Man they really pumped Bitcoin the last two days. I really don't know what to think of that market. But, I believe it was done to take some of the steam out of this Gold/Silver rally. We shall see.
 
Man they really pumped Bitcoin the last two days. I really don't know what to think of that market. But, I believe it was done to take some of the steam out of this Gold/Silver rally. We shall see.
They are leaning on it pretty hard. Dollar down a fair bit and yet you can feel the push to get gold back under $2000.
 
Cryptos are a different beast from the commodity markets. While it's possible that central banks (esp. the Fed) are having their proxies (PPT) intervene in the crypto markets, I am not so sure that is what is happening. I expect the Fed and their proxies are pursuing the Operation Choke Point 2.0 agenda. Cryptos seem to be more or less correlated with the S&P right now.
 

Bitcoin is 100% under the powers that be control. I trust that less than the FRN.
 
Bitcoin is due for another halving event next year. The Bitcoin network has it roughly every 4 years. Bitcoin has seen a bull run every time it has happened.

 

And how many other crypto's have having's as well? That can't be unique to Bitcoin.
 
And how many other crypto's have having's as well? That can't be unique to Bitcoin.

I'm not aware of any other crypto that has a halving event like Bitcoin. Most cryptos are built on a different system (Proof of Stake vs. Proof of Work). Every coin has it's own system for handling inflation/deflation and mining/staking rewards.
 
Markets treading water in anticipation of guidance from the Fed.
 
Zed might go on holidays. But he is always in the “Zone”

Correction here could be quite healthy for longer term appreciation?

cheers $
 
Correction here could be quite healthy for longer term appreciation?

If this gets messy babies will most probably go out with the bathwater.... again! Some cash could be very useful IF things get disorderly. We have seen this movie before!
 
It's early this morning, but at moment, dollar is red and everything else is green.
 


Bank of Canada held steady. Markets expecting Fed to pause. If they don't there will be chaos, if they do, the spice will flow.
 
CPI will be right back to increasing next month. The biggest part of the drop in the CPI was Energy and take a LOOK at the charts of energy the past month.
 
Gold Daily - So far it has been a break and a retest of the break resistance line which is now support. Resisance @ ~2040 looks firm, todays candle isn't great! This has the look of a chart that will slide sideways for a while before people are convinced it's a legit 2K +. The key thing is that support needs to hold @ 2K ish. Fear of big round numbers is kicking in. JMO, My 2c, take with salt etc, etc, etc....




ROC falling away and short term momentum rolling off. Ideally they stay + 0 and we stay over 2K to convince the gold skeptics this has legs.

 
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Armstrong has next week as the target week in Gold. He's thinking that puts in a high and we correct into June. However, Clif thinks the dollar starts to die here at the end of April with the invasion of Taiwan near and Marty's charts also seem to see that coming. But he also said these tops usually break on the 4th attempt (which this technically is if you include the first high years ago. I'm thinking this becomes one of his famous "cycle inversions" and it does shoot higher.
 
It might not be 'the government', but agents OF the government... Goldman Sachs et al.
 
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