Stocks And Precious Metals Charts - Brace For Impact - Gradually And Then Suddenly

As you may recall gold broke out of its chart formation at 1770, and then successfully retested that breakout level several times to the downside.

Now it has taken out the psychologically important 'round number' at 1800 which some of the players were watching.

As long as it holds the breakout, the nearer term target is 1860.

I won't speculate on longer-term targets, but they are well in excess of the previous all-time highs.

Silver is following along but needs to take out 19 on its own chart.

Stocks were giving back some of the recent melt-up rally.

The SP500 is giving a screaming non-confirmation of the new bubble high in the NDX. The new era valuations in big-cap tech are approaching insane levels.

Picking an exact time for a big slide in a financial asset bubble.

But when it does come, this one is going to leave a mark.

Have a pleasant evening.

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

 

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.