Loading ...We’ve all gone thru this a hundred times. Gold was $1,060/oz in late 2015 and early 2016, and now it’s $1,809 up 70%. The Dow chart (predicts the future) looks like a perfect triple top formation.
If this is the start of a repeat of the March 2000 dot come bust, or a repeat of the 2008 global financial crisis, hopefully rebounding PMs will lead the next up leg in the Dow and SnP if they are lucky.
Triple Top Dow: https://finviz.com/futures_charts.ashx?t=INDICES&p=d1
I forgot about the 2020 COVID Dow crash, 30,000 to 20,000 in only 2 months. It took almost a year to get back to 30,000, 33,707 today. And when they all crashed in 2020, Gold took off to $2000 6 months later. Mid 2020.
Gold: https://finviz.com/futures_charts.ashx?t=METALS&p=m1
If the Dow is predicting a slowing economy, the Fed will be forced AGAIN, to put the peddle to the metal hard, and risk blowing up “their motor” on this 100 year old fake money economy.