Avi Gilburt – Preparing for a Long-Term Bear Market
Avi Gilburt, Founder of the Elliot Wave Trader and Safer Banking Research is back on the show! Avi joins me to provide an in-depth analysis of his current market outlook.
Avi is now predicting a long-term, possibly two decade long bear market. He outlines key signals to watch for, possible market corrections, and strategies to consider, including moving to cash and evaluating safe banking options. Avi also covers the potential impact on various asset classes, including gold, commodities, and the dollar.
Today’s action stuffed the XAU back below a big breakout level but it wouldn’t take much on Monday to get back what we want to see for the quarterly close. Either way we’re in good shape.
https://stockcharts.com/h-sc/ui?s=%24XAU&p=Q&yr=35&mn=0&dy=0&id=t4264484671c&a=1748427858&r=1727463436091&cmd=print
IPT vs QQQ took back its 200 day MA on Wednesday and backtested it this morning…
https://stockcharts.com/h-sc/ui?s=IPT.V%3AQQQ&p=D&yr=0&mn=11&dy=0&id=p18899144599&a=1718741939
Silver is about to obtain its 5th straight monthly close above its highest monthly close of 2020 as well as its best monthly close in 12 years…
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=M&yr=17&mn=0&dy=0&id=t1952420509c&a=895534628&r=1727464165087&cmd=print
Here’s another chart that will lose its breakout level because of today’s weakness but it could get it back on Monday for the monthly and quarterly close…
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=Q&yr=30&mn=0&dy=0&id=t3258316647c&a=781484393&r=1727464383986&cmd=print
More resistance for silver:
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=6&mn=4&dy=0&id=p44252041712&a=1745418931
SLV:GLD found support at the 200 day MA today…
https://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=D&yr=1&mn=1&dy=0&id=p26778423557&a=1644272331
Gold hit big resistance yesterday:
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=7&mn=3&dy=0&id=p24733550431&a=1284031045
But this breakout should easily hold for Monday’s close:
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=M&yr=25&mn=7&dy=0&id=t9782505962c&a=1720045086&r=1727465001591&cmd=print
This looks like 2005 again but better. Gold is just getting started.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=Q&yr=50&mn=11&dy=0&id=t9523244919c&a=1141773244&r=1727465129031&cmd=print
IPT finished the week well off its high but still up 11% on its best volume since May.
https://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=5&mn=0&dy=0&id=p09479185048&a=1778021324
Hi Matthew – Thanks for all the charts and analysis. Monday will be interesting to watch. Seems like we could be in for a bit of a pause come October.
It’s too bad those monthly and quarterly charts have such a sort shelf-life. I hope you saw them before they went bad.
I really want to see more strength on Monday!
I saw them all. Good stuff.
I haven’t listened yet but I completely agree about the setup for a long term bear. There’s more “it’s different this time” mentality than ever so it will be a brutal bear.
Today’s action in the miners makes sense but it would be great if Monday delivers plenty of strength to end the month and quarter.
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=1&dy=0&id=p92596903602&a=1790557080