Technical stock updates.
Positions as of Tuesday, April 13, 2021.
I am about 100% convinced that the intermediate cycle low was hit and now we have yesterday's aggressive move above the 50 DMA..
It takes about 6 years to develop a new copper mine. Dollar might be getting some support here. Gold had a nice rally, but so what?
I do not believe in chart patterns for trading off of. The swing lines in gold shows that there is no trend. Difficult sideways..
The market is telling us a story. It is not too scared, yet, of inflation.
Gold another failed move. All eyes on the CPI numbers.
The world’s second largest consuming gold country imported a record 321 tonnes in the first quarter, up from 124 tonnes a year ago.
Bubbles, inflation are the buzzwords being tossed around by many. Are we in a bubble? Some evidence suggests we are.
So, while I retain a bullish bias for the market as we head towards the fall of 2021, I still have to be aware of the potential risks for draw down
