Badcharts

Badcharts

"Gold is money. Everything else is credit." --JP Morgan Below the 4 year moving average Below the Cloud On brink of CRITICAL breakdown

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Since I did this post back in August 2023. Gold is up over $1500 in less than 2 years. EPIC breakouts you should seek

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Are things about to get worse for Elon Musk's net worth? The Tesla daily chart is hanging on a thread...

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Business cycle telling us something right now. Energy and short term yields on a slippery slope. I just don't get those bullish on the economy.

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Feeling the Gold Fomo? Yes, those on the sidelines are late in this cycle! Before the longer term "good above this" line fails, you can spot the possible start of the correction with a steeper shorter line. You can clearly see the last low risk entry was almost 2 years ago.

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Yeah I know, everybody wants to be a "contrarian" stock market bull. But I would get really scared once the current rally ends. It can get really skiddish after that.

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As much as you might want the gold versus silver to break down... instead it did the opposite, it broke out. This is still a risk off warning sign. Gold is vulnerable. Silver is vulnerable. Stock markets are vulnerable.

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I know, gold bulls don't want to read this right now... But even during bull markets, gold had these corrections: Dec 1974 to Aug 1976, drop over 48%. Mar 2008 to Oct 2008, drop over 33%. Aug 2020 to Sep 2022, drop over 22%. Same setup now with price historically stretched.

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Gold versus the Stock Market. The road map everybody should STILL be looking at.

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Gold broke out versus the Canadian stock market. Expect a recession to be eventually backfilled.

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Gold & Silver miners can smell the recession. Can you? 7 year rate of change for unemployment

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By this measure, silver is falling behind now, as gold (vs cpi) is above its historical breakout line. Silver has better chances of catching up AFTER stock markets bottom from an important bear market.

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Nasdaq and the stock market. My guess is we just completed the very first leg of the bear market. Likelihood the top is behind. Only with hindsight will we know how this actually plays out.

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Nasdaq fun fact. Today is one of the highest daily percentage gains ever for the Nasdaq, just above 12%. Guess where you find some of the others? Answer in chart below!

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You can just avoid the recession for so long. The reaper cometh.

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no quarterly closes below 67$ THIS MUST HOLD recession 2001 recession 2008 recession?

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2000-2011 Nasdaq managed to lose 93% of its value in real terms. It can happen all over again. Don't say I did not warn you.

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IT IS GETTING UGLY OUT THERE. Expect the Fed to cut rates real soon. Then cut them again. And again.