The Brains Trust - 2024, page-2122

money and profit is in the rerate of the bluechip banks and consumer stocks here
mqg jbh wbc were my investments. still green after i sold them. but did their job
wall st has not got the memo that the spx is under pressure here
I have again learnt the lesson of not second guessing the trend and out too early. jbh heading into xmas break and i sell too early.

copper gold commods all waiting on US Fed next week. they had their pre meeting rise.
will see after next week if it is sell the news good or bed
or the rerate in commods continues as we enter the next stage of the cycle as rates under pressure

so waiting time here
soft landing Dave? US fed just has to drop rates. they still control it all
but i agree on the risk they drop the ball. i would love to see economy and jobs recover and they realise they cant keep raising rates or we will finally have another banana republic episode. homeowners cant keep sucking up the largess of the pollies.

little aar hit 12c and now in fade. amazing how often this level of 12c/13c turns into resistance. not saying sell here either. just an observation.
lyc still green. has it seen a low?
asx sits above 60c. no real change.
which is why i like to buy the hammers in the asx for a trade. there is always something to push it back up. in this case it is the banks.
pls wds keep on fading
iron ore at $90. will it fall to $80 or lower? or is this the apex of the curve?
just need to wait really. a good cleansing hammer down does wonders for the market

what i really wanted to say here is the gold chart
gold still my focus next two weeks. 2500 backtest is holding. all holding our breathe waiting to see if we get another leg here or not
sept was the month in 2020 when gold hit its then high. i would really love a good cleansing spike up for gold but will see. it would be 4 years to the month if this turns into a high again
but with central banks still buying gold i am not that worried anyway. i expect we have another year for this to play out. it has momentum and govt support on this run.
sorry to post this but really just clearing my own mind and find it helps