We are thrusting higher in wave $v$, which has a projected endpoint: $v$ = 1.618(2431.50-1973.10) = 3035.50. We expect higher prices as the thrust higher continues.
With the inflation scare in the air, Gold duly dropped as it needed to so do anyway, price as below shown arriving smack on the ascending regression trendline from one year ago-to-date per the weekly bars.
As the economy slowly grinds to a standstill, the expectations of worsening inflation continue to rise. “Stagflation,” you say? Possibly; but there is another risk that is greater than stagflation.
No small changes in the news, but deep troubles rumbling up toward the surface from times past that will easily be made worse by times coming.
The main thing that people still ask me about was a trifold spread color chart of stock market returns since 1900. Returns were color-coded so readers could see the ebb and flow of returns over time.
