UGLY Duckling. The 20 dma dropped below the 200. Ouch. Not much else to say other than that is a nasty candle. Houston, we have a problem. Looks like $SPY is headed to see a retest of $550 at minimum https://x.com/market_sleuth/status/1905736621619863752
...many reading this over the weekend are going to be making to the exits on Monday so it is not going to be a pretty week for the markets on 'liberation week'.
...I think we can safely see BBUS/ BBOZ/ GOLD/ QAU all in the green on Monday, with a sea of Red across ASX stocks on Monday.
...funny how the instos keep upgrading Gold's target- it is a moving target.
...this time is different: Gold will hold its own while equities nosedive. Gold stocks will follow equities lower because they are equities.
....it is difficult to convince people to hold Gold instead of stocks. Truly is. And for that reason alone, the upside potential for Gold is going to be a lot higher than people can imagine, once every man, woman and dog try to get their hands on them, to little avail. When the US dollar loses its crown, that would be when we get to see parabolic rise in Gold.
