Chart - TA, page-3654

I haven't really studied much on the timelines of expectation of the DFS but I am not sure it is a driver of value, suspect it has been priced in with the current price trend. On the gold futures chart, once the TL broke, I had expected gold hitting the $1900 and it was sensitive with the daily reversal last night. If yesterday's low continues to be tested in the next few days then it has more than an even chance it will keep sliding.

If you compare XGD local v xauusd, gold miners are tracking gold. The whys' and why doesn'ts' gold reacts to macros I am always confused about. Interesting that from a guest speaker from a popular YT programme when commenting in the so called market crash driven by the most telegraphed recession in US, he reckons it is short covering rally and the shorts pile into their conviction that keeps going against them. Hence I maintain and slowly add risk stocks but with an awareness that we could get a crash.

AI stocks does remind of the dot com era 2 decades ago and like all premature early birds from Lithium, Cannabis, Biotech, etc, the initial rallies gives a hint of how further into the future the fundamentals prove to be.