Loading ...20 % for a bear mkt is a number the Media use for stox in general, it is a number they made up….For stox that barely move 1 % a day…when yr dealing with stox that happily move 5 or 10 % /day……I think u need a way bigger number….
What we have here is a C wave dn in serious correction…..are nowhere near even a 38 % correction of the last up wave, let alone a 50 % one.
Fully agree … but on the positive side … this proves the bull is still very young.
Traders … like the public … have had their brains bashed in for years via technology/conditioning.
The timing of this psyop is at exactly the same time in the Presidential Cycle as COVID.
They needed distraction – Epstein – and they got it.
If they don’t pull back soon though they could really piss-off a bunch of people.
The unintended consequences would be empire ending.
Even the desires of the Zionists will get delayed until they can figure something else out IMO.
The charts say a little more selling over the next week or two … and then attention will turn to the 250th Anniversary and the mid-terms.
It’s either that or Armageddon.
Isreal will use nukes.
Have a nice day
When has Scott Ritter ever got anything right…if he told me tomorrow was Saturday….I would want two other confirmations.
If I am not mistaken this index is now in bear market territory.
Hard to watch when so many of these miners are flushed with cash.
Even at 4000 gold they are cash cows.
Dog
If he wants a third term … he has no choice.
The fact he went to Putin to broker a deal means he’s serious.
It’s all fun and games until you threaten to take a psycho/control freak’s toys away.
Chuckle
Captain – I really hope that is true. Trump’s ego is massive, so it’s a little hard to believe. I’ll take some hope though. This is going to destroy the economy.
deer79 – these are the greatest wealth destroyers ever created. It’s just unbelievable how bad they get beaten. Silver is another one. Funny how a strong dollar crushes the pm sector but nothing else. Hopefully we can bounce today, but so many times this stuff goes down and just stays there all day.
…just continue to get obliterated….RSI’s go back down into the 20’s ( for quite a few that I own of course), and it just doesn’t matter. Extremely frustrating to watch…..
Jimmy and former weapons inspector and geopolitical analyst Scott Ritter break down the stunning geopolitical shift underway that finds a desperate Donald Trump, facing strategic defeat in Iran, lifting all sanctions on Russian oil and begging Russian president Vladimir Putin for help—with Kremlin economic envoy Kirill Dmitriev now meeting U.S. negotiator Steve Witkoff in Miami to broker the bargain.
Ritter tells Jimmy that Russia holds all the cards: with the Strait of Hormuz closed, global energy markets are collapsing, and only Russia can supply oil to Asia and Europe, solving its economic problems overnight while the U.S. runs out of missiles and faces economic catastrophe.
The potential deal would see America withdraw from the Middle East, lift sanctions on Iran, and constrain Israel—allowing Trump to claim “peacemaker” cover for a humiliating retreat. Ritter concludes this is 100% happening because the U.S. has no other option, and the only question is whether Israel can be stopped from destroying regional energy infrastructure entirely.
This could be real.
Mornin all
in normal times would be a good setup for a Fed cut.
Durable goods missed. GDP up 0.7% vs. 1.4% expectations.
PCE price index y/y up 2.4% vs. 2.9% expectations.
Nevertheless, the dollar is moving higher again. Rates down a bip.
Interesting. Funny how that gold chart looks so much better than the silver chart. Gold still maintaining its uptrend that started back in late August and bouncing along the 20 ema. Silver, OTOH, much tougher to figure. I guess there’s a little bit of an up trend that started in mid – Feb. after the death drop earlier in the month, but nothing to hang your hat on. We definitely need to move up from here for that to stay intact.
edit: Nice to see we’ve recovered from the overnight losses. Hopefully we can hold some small gains. Silver definitely seems to want to hold the $80 area, We could use a break from the strong dollar and rates. What is Trump going to do now about rates? Fed meets next week and I don’t see how they lower rates with the way oil has blown up, although I wonder if they’re concerned with the private credit market.
OTOH, they might just pat him on the head and say “good boy you did what we asked and got us back into a war.”
Looks like the spread cud rally back into the Hi 70’s or low 80’s
we can see 5 waves up, from the low then 3 waves down, that made a perfect 50 % retracement of the larger A wave up anr d now we have set off in a Larger C up.
