Richard “Doc” Postma – 2024 Outlook On Gold, Gold Stocks, Silver, US Equities, Interest Rates and The US Dollar
Long-time KE Report contributor and technical analyst, Richard “Doc” Postma, joins us for our regular monthly market recap and 2024 outlook for gold, gold stocks via GDX, silver, US general equities, interest rates, and the US dollar. It’s a wide-ranging discussion that looks at both the technical setups in many of these sectors in the near-term and longer-term, as well as some of the fundamental macroeconomic drivers at work behind each sector.
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All these rate cut talks and it didn’t even touch it’s trendline. Bulls have difficult case to make here
https://stockcharts.com/h-sc/ui?s=GOLD&p=W&yr=5&mn=5&dy=0&id=p66438168881&a=1572392501&r=1704332767920&cmd=print
blah blah blah….no one trades off the monthly…It helps show a higher trend fractal, with certain caveats……..this guy needs some pharma pills to pass the time till he is in the money….vague just like pitching the pill selling career….some shallow personal introspection and honesty would help in the denial cure….the 99% compliant retail stooge medical frauds need not apply….
Yes, the fractal aspect is the key to the significance of the “big” charts. Big bull markets don’t happen based on bullish daily and weekly charts alone but daily and lesser charts are best for getting positioned.
So trading in a range until it doesn’t, which could be this morning, tomorrow, next week, next month…
NatGas approaching first
complete extension
off the bottom.
http://tinyurl.com/4cccpbaz
Focus : Barrick Gold
Initial Targets