A discussion on trends for US markets, oil, and gold stocks
Chris Vermeulen, Founder of The Technical Traders joins me to discuss trends that Chris is expecting after the election is settled. We are already seeing money flow into markets broadly today as investors hope to have the election uncertainty behind them. Have a listen to some of the targets Chris has for the US markets and the relationship between gold miners and the broad markets.
++1
Excelsior, did you decide to keep your Monarch? I sold yesterday and bought some Irving and Banyan today. I’d like more Lion One and Aurania too, but I guess I have enough Novo and NuLegacy. I can’t wait for NuLegacy to find a 50 million oz bonanza and go to $20 a share.
The high for GDM today happened at fork support-turned-resistance…
https://stockcharts.com/h-sc/ui?s=%24GDM&p=D&yr=1&mn=5&dy=0&id=p07118298536&a=672055134
SILJ’s high today happened at speed line resistance…
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=5&dy=0&id=p67384000973&a=751760176
TLT looks ready to confirm gold’s recent strength…
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=5&dy=0&id=p67384000973&a=751760176
You don’t have clue, your technical calls this year lost money overall.
Unless there is a sweep no stimulus package until new Senate takes office in January.