This IS NOT a reason to buy here, but I’m not sure you should be selling or stopping either. If you bought as a hedge against something (inflation or deflation or armageddon) then hold. But look at the support right here…
BTW–this chart was posted Sunday July 25th.
Perfectly timed, thanks for that Scott.
I am wondering what gold might be telling us.
I was used to oil, gold, and the market rallying at the same time.
Perhaps a harbinger.
Or not. Deflation Scotty baby, it all goes down sooner rather than later. You permabulls, I don’t know!
See last night’s congruent post. I think we might have another $5-10 to go, but that’s it.
Deflationista’s need to realize — running the presses don’t cost nuthin’. Not like in the old days.
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Great chart presentations, as always Scott. Clean, concise, informative.