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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (115785)	10/28/2023 2:43:17 PM
From: Rarebird	Respond to of 116752

<<Real Estate crash already here>> Not in terms of prices. If anything, prices have remained stable to slightly higher in most areas of the USA. But in the most heated markets out West in SF, Boise, LA, Phoenix and Las Vegas prices have cooled quite a bit. The decline has been quite orderly in the bond and equity markets. I don't see a 1987 style crash or even a 10% down day. I am beginning to see bullish divergences, which tells me the decline in equities is close to being over. I can easily see a rally back to SPX $4400 before a pretty serious decline to SPX $2900. Let's see what the Treasury refunding announcement will be on 11/1. Yellen is not stupid; she knows what is causing the bond and equity declines. At some point, Treasury will have to cool off in terms of supply. Biden has to be aware of this too as there is no way he gets reelected if these declines continue. As for Gold and the Miners, they could correct a bit if the Treasury refunding moving forward is reduced. My sense is that come early 1/24, it will be time to get very overweight on the Gold sector.