July 28, 2020

GOLD MAY PRODUCE BIGGER GAINS THAN THE STOCK MARKET UNLESS THERE IS A VACCINE $GLD $DJIA $SLV $GDX $NUGT $DUST $GOOG $MSFT $FB $AMZN $AAPL

GOLD MAY PRODUCE BIGGER GAINS THAN THE STOCK MARKET UNLESS THERE IS A VACCINE $GLD $DJIA $SLV $GDX $NUGT $DUST $GOOG $MSFT $FB $AMZN $AAPL

I have never been afraid to make bold predictions for the stock, commodities, bond and currency markets when supported by rigorous analysis.

Recently I made a prediction that gold is on its way to $3,000 an ounce unless there is a vaccine and money printing stops. In some ways, this is similar to my call for the Dow Jones Industrial Average DJIA reaching 30,000 points when it was trading around 16,000. (Please see “Here’s the case for Dow 30,000 in Trump’s first term.”)

Let’s examine gold with the help of a chart.

Please click here for an annotated chart of SPDR Gold Shares GLD, an exchange traded fund.

Please click here or the title below to read more.
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AFTERNOON CAPSULE: DOLLAR FALLS TO A TWO YEAR LOW ON U. S. INABILITY TO CONTROL THE VIRUS $DJIA $SPX $NDX $QQQ $GLD $SLV $USO $SPY

AFTERNOON CAPSULE: DOLLAR FALLS TO A TWO YEAR LOW ON U. S. INABILITY TO CONTROL THE VIRUS $DJIA $SPX $NDX $QQQ $GLD $SLV $USO $SPY

This post was published yesterday in The Arora Report  paid feeds as Afternoon Capsule.

To gain an edge, this is what you need to know now.

Dollar Close To Two Year Low

The dollar has fallen to a two year low on the inability of the U. S. to control the virus.  How is the stock market reacting to the virus?  The momo crowd continues to aggressively buy as though the virus doesn’t exist.  The momo crowd is not likely to reverse its behavior until it experiences severe losses.   Severe losses will come, it is only a matter of time.

Interestingly, in addition to the forex market, significant concern about the virus is showing up in the bond market, precious metals and among the policies by the Fed and the government. … Please click here or the title below to read more.

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