UPDATED February 1, 2019 – Gold hit $1326 this week. Right in the middle of the target range. A top could be in place. Albeit, one indicator suggests it might occur over the next week or two. If I were a trader, I would sell and stand aside for the decline to around $1200 – early figure, that I will update as the decline evolves.
Treasury Bonds look like they are into a major decline which means higher interest rates ahead.
The Dollar is still in the early stages of its decline. Which means the Euro is in the early stages of its advance.
So far, all is on schedule. The stock market should be at a top and ready for a decent decline.
January 28, 2019 – Did anyone notice that the market was up about 14% while the Government Shutdown! Impressive. If they had only kept the government shut for the rest of the year, we would all be rich:)
This rally has likely run its course. 14% in a month is excessive. The question is whether the upcoming decline will be just a correction in a new bull market or the next leg down in a major bear market.
If it is a bear market, the upcoming decline will make December look mild. That is SCARY!
If a new bull market has started, the decline should bottom around the December 24 low in late February. It might hold above that low a bit, though.
This is the position where you let it play out and then invest accordingly.
The dollar is down from a month ago as predicted. But, a much larger decline is straight ahead.
After a month of struggling with $1300, gold finally edged above it on Friday. So, it is now in the $1300-$1350 topping range.
In a world that seems to be in chaos, all is going as planned.
Once in awhile I analyze strange markets for friends. Recently it was Australia. I will put my forecast in writing so I can see how it plays out. I am expecting the Aussie stock market to go up 10%-15% this year and maybe into next. Followed by a 50% decline in the 2020’s.
The Aussie Dollar is around 72 cents to the USD. I expect it to increase to 90-95 cents over the next few years. Then a decline to 75-80 cents. Followed by a major rally to above par with the US Dollar sometime in the 2020’s. My friend has 7 figures relying on this latter forecast so I sure hope I am right!
I hope your investments are doing well.
Remember, Spend Forward, Use Forward!