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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (116114)	11/18/2021 3:19:02 PM
From: Goose94	Read Replies (1) \| Respond to of 203414

Gold: Is Just Getting Started The following weekly pattern in the euro price of gold projects to new all-time highs above 1,800 euros per ounce: Gold In EUR Terms (Weekly) Despite widespread skepticism among the investment community, and even among gold bug newsletter writers, gold has steadily moved higher since the August 9th Sunday night futures capitulation. In the chart above it is notable that this is the first time that gold in EUR terms has reached a weekly-RSI(14) above 70 since early 2020. Historically, gold experiences at least 3 waves higher during a new uptrend with each leg higher climaxing with Weekly-RSI(14) somewhere between 75 and 85. If history is any guide, gold is just getting started. In recent weeks I have noticed a parade of market commentators calling for a broader stock market crash. So far I see zero evidence that a crash is imminent. In fact, quite the opposite is likely over the near term. Since 1995, the S&P 500 has posted a positive return from the start of the Thanksgiving week through the end of the year 20 times, or 77% of the time. Notable exceptions to this seasonal phenomenon include 2000, 2007, and 2018. By @Goldfinger ceo.ca