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The broad market looks like it's going to new highs by year end. I'm astonished given the background numbers.
 
Zed said:
The broad market looks like it's going to new highs by year end. I'm astonished given the background numbers.
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The Dow Jones is close to 50x higher than it was in 1982, just over 40 years ago. Unbelievable.
 
savvydon said:
The Dow Jones is close to 50x higher than it was in 1982, just over 40 years ago. Unbelievable.
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DJI + Gold Annual Chart index to 100. For Gold to reach the DJI's gains since 76 it implies a POG in the 8K range. Basically 4x from here, assuming that the DJI doesn't have a significant correction. They could meet in the 5K range... watch this space, might take a while!

DJI_2023-07-24_22-40-17.png
 
DJI Quarterly... if it doesn't make new highs it is looking toppy. ROC is waning, momentum is falling.

DJI_2023-07-24_22-45-04.png
 
Gold's move has fizzled out after approaching $2,000 an ounce earlier this week on the idea that the Federal Reserve might be close to a peak in rates. And analysts are now gearing up to parse through the Federal Reserve Chair Jerome Powell's comments following a widely expected 25-basis-point hike on Wednesday.
...
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Real Time Precious Metal Quotes and Charts

www.kitco.com
 
Zed said:
DJI + Gold Annual Chart index to 100. For Gold to reach the DJI's gains since 76 it implies a POG in the 8K range. Basically 4x from here, assuming that the DJI doesn't have a significant correction. They could meet in the 5K range... watch this space, might take a while!

View attachment 9471
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Gold has gone up 8 times approx from each bottom. 25 250 so yeah c.1050 should be around 8K. I think it goes higher. Hell if $hitcoin can do what it did why the hell can't something real like Gold.
 
Dear Investor,




What would you say is a better indicator of the nation’s economic health?


a.) Consumers' increasing inability to pay off credit card debt
OR
b.) The market performance of a few large-cap Tech companies
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We'll wait...


A lot of investors still don’t “see” any evidence of the U.S. economy slowing. Let’s set aside that U.S. Industrial Production (reported this week) just went negative and Retail Sales (also reported this week) is flirting with Dr. Zero.


The U.S. Consumer is in dire straits. Credit Card balances are at 20 year highs and, at the same time, Credit Card interest rates are skyrocketing.


“People can't pay credit card balances. We assign a 0% probability this reverses,” Keith McCullough said this week on The Call @ Hedgeye. “This is the America you live in. Whether you want to accept that or not because Nvidia doesn't go down is up to you. It's a huge problem.”
 
The everything app?

When will humans give up on "World Domination", I thought we were past that?
 
Karinge Jean-Pierre. In what world does this donkey get this job?

 
Goldhedge said:
WhatchaAll think?

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This has to be one of the most hated rallies in history. As hard as it is to swallow that is normally a great sign for the rally.

It's nuts given the background, I am starting to think that AI runs the market. LOL.
 
...and gold looks like it has successfully tested its near term floor.... for now. We need to tackle 2K soonish and put in another high in this recent sequence off the 1900 low.

GC1!_2023-07-26_10-15-51.png
 
GSR looking very much like a trend break lower is in full play. This 'rest' / correction period might be close to over.

GOLDSILVER_2023-07-26_10-22-22.png
 
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