Precious Metals Next Big Move Hinges On U.S. Dollar!
When the US Dollar broke out to new highs last year, it looked like nothing could stop the greenback. And the headwind of a strengthening Dollar made it difficult for precious metals like Gold and Silver to advance. BUT… King Dollar has fallen nearly 15% from its...
Dow Jones Industrials Sell Signal Raises Concerns!
The stock market bounce off last fall’s low has kept investors hopeful that the worst is over. But a recent sell signal on the Dow Jones Industrial Average could upend those hopes… if support doesn’t hold. Below is a long-term “quarterly” price chart of the Dow Jones...
Copper/Gold Ratio Suggesting Interest Rate Decline Ahead
The past two years have seen headlines dogged by inflation and the Federal Reserve’s fight to end inflation. That fight has seen the Federal Reserve raise interest rates over and over again… and 10-year treasury bond yields have followed suit and risen sharply. One...
Crude Oil At Crossroads, Next Move To Have Large Impact On Inflation
Inflation concerns peaked last year when agriculture and oil prices peaked. This year has seen inflation fears subside as key price inputs fall. BUT investors should not be complacent. Inflation risks remain. Today, we look at a “quarterly” chart of Crude Oil to...
Nasdaq Composite Holds Critical Support, So Far So Good For Bulls!
As we have pointed out several times, tech stocks have lead the the bull market since the financial crisis. And today’s chart highlights that as well as crucial 14-year bull market support. Below is a “weekly” chart of the Nasdaq Composite. As you can see, the Nasdaq...
This Indicator Suggests Gold To Outperform Stocks For Years
It’s been a decade since Gold outperformed the stock market on a steady basis. 2018-2019 was strong, but precious metals couldn’t keep the momentum going. Today’s chart looks at Gold’s relative performance based on its ratio to the Dow Jones Industrial Average. As you...
Semiconductors (SMH) Rally Trades Into Critical Resistance!
One of the bull market leaders of the past 14 years is trading into critical resistance. And what happens next could decide the next turn for tech stocks. That’s right, we are talking about Semiconductors… again. We have routinely highlighted key moments across...
Gold Bulls Dancing As Prices Close At Monthly / Quarterly Highs!
Gold prices remain elevated as inflation, political differences, and the prospect of international war radiate on the horizon. This prospect of uncertainty tends to be where gold finds buyers at higher prices. Today, we revisit a pattern that we have highlighted...
Silver Creates Largest Bullish Quarterly Candlestick In Decades; Breakout Next?
Precious metals bulls rose sharply last summer into the heart of inflation headlines and Ukraine war news. Since that time, both gold and silver have moderated but remained elevated in a consolidation pattern. But recent price action in Silver could be a bullish...
90-day Bank Decline Wipes Out Half Of 14-Year Rally-Key Support Test Now In Play, Says Joe Friday!
Our banking system is at the heart of our economy and an integral sector within the stock market. So the latest news about regional banks struggling has investors a bit shook up. Today’s long-term “monthly” chart of the Banking Index (BKX) underscores investor's...
