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$1,391.7 gold futures

Have you listened to Gregory Mannerino? His claim is that the...

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there-is-no-try

830 Posts.

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06/08/18

22:39

Post #: 34760121
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Originally posted by AverageJoe ↑

Circa 95.50 is going to break even though the divergence on RSI is there for a few week. Ditto Gold, major fx pairs.

ST it was reactive to the NFP but it doesn't look to have any follow through selling hence no follow through buying either in gold today.

That DOW/SPX freight train keeps on going up as the inflationary data/economic data seems to suggest. Trade war is the outlier and I have no idea how to anticipate or understand what it will cause to global growth. Currently not much headwinds there.

What I do know is that economic conditions are not predictable by the 'experts' since TARP/QE started. They seemed to be working against the collective logical reasoning of debt implosion sucking down the risk cash markets (stocks). The opposite happened and with the current speculation that cheap money was the only fuel for the "fake" growth, I am more inclined that going against the crowd of doomsayers will more tan likely happen and the stock bull run will continue.

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Have you listened to Gregory Mannerino? His claim is that the whole thing revolves around the bond market. While ever rates are held lower, stocks will trend higher... ... until of course bonds sell off at some point and then it all hits the fan...
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0 Great analysis

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