Maybe Intel throws water on the fire.
I find it very difficult to read general markets, if I had to lay money on the line it would be that they are in a topping mode. Could go a little higher. Recent waves don't plot worth a shite according to rules, imo. Energy went up today, which I wouldn't think untypical during a topping general market. Money getting hotter, rotating to more safer stuff, and/or less risky stuff.
HUI doing what it needs to do, cool off, so it can go higher. Hope there is no ice.
I redo my gold chart tonight, don't like last one, it had a rule violation. I see higher POG nearterm, but can't guarantee anything.
I agree with your comments about the liquidity pump, in general, but it has not been all supplied by Greenie. A lot of coin has come out of bonds, already, and if that continues - I don't know what will happen. It is very touchy here imo, as Sinclair today so implicated, especially re bonds. Would bond money continue to roll into equities? At some point no. According to Rydex money market funds, etc. have been fairly well depleted as well. A shite load of money setting over on the bullish side now, in equities, compared to recent past.
If coin continues to roll out of bonds pm's and gold should do okay, I would think. With corrections of course.
JMHO. |
