Should I see further evidence over the coming weeks, then the probabilities rise quite dramatically that we could see a 25%+ stock market decline in 2024.
You can see how the market exploded from the downside and went into what we call a vertical price move, these are sons of guns to catch especially if you don't have an uptrend in place but you do have one.
With gold $2,200 in sight, the next stop above that level could be $2,300, which is our minimum target. It could mean a temporary top from $2,250 to $2,300.
All of the money printing coming out of 2020 and then all of the money printing over the last year to rescue the banking sector that was in trouble has finally broken the dollar. So, we're probably starting a new secular bear market.
You're up 3.5%, another $71; this has been the liftoff and you either were in the market or there was just no way to catch that market as it took off at the end of last week.
