I see the effect of rising long-term Treasury yields as having less and less of an effect on gold = decoupling is underway. Case laid out in my today's analysis again. Platinum, having been under pressure for so many quarters, can go on enjoying its days in the sun. Have a good day!

Oil is really looking great, isn't it? Just as the S&P 500...

Well, I looked to see factual discussion on the precious metals and related markets, a clear presentation of ideas and arguing about their merits, justifications etc. This is unfortunately not happening - the readers instead of expanding their horizons in healthy professional discussion, are on the second consecutive article occasion treated to feelgood statements only.

This is TalkMarkets. Could we talk markets, actually?

= higher earnings and more extended P/E ratios

I wholeheartedly agree that this is not the time to get bearish on tech. The valuations and tech earnings will get both better.

I like the lighthearted tone describing life and stock market realities. Interesting read for particular segments of interest. I still like stocks :D

Dollar breakout would mean we're entering a dollar bull market, which I don't view as a proposition fittingly describing the reality - the greenback will remain on the defensive this year, and we saw not a retest, but a local top. Technical features such as steeply sloping lines inevitably get broken sooner or later, out of pure inertia or a weak corrective movement (no lasting trend change by default) - and it's my opinion we're seeing the latter run its course here.

This has powerful implications for the precious metals, where the only question is whether we get a weak corrective move to the downside still (nothing like the fearmongering $1,700 I see circled here), or whether we can base in a narrow range, followed by another upleg (think spring). February isn't the strongest month for precious metals seasonally, true, but it isn't a disaster either. I've been covering metals extensively daily for the whole world to see, so people are thankfully familiar with the current true internal strength in miners and other ratios.

Suffice to say that despite gold moving to $1,830 as we speak, it's chart is still leaning bullish. Consolidation with strong bullish undertones and my well argued reasons why.

Good focus on uranium, I did so as well today. Keep up the good work throughout!

Neither smallcaps, nor emerging markets are diverging from the S&P 500 - whatever the extended readings presented. In the current environment of presented and other imbalances easily amplified even further, we're not "living on a razor’s edge". While we will experience significant corrections in 2021, they are not knocking on the door. Higher stock prices await in 2021. The market breadth remains solid and tech isn't about to be a drag either. As I present in today's analysis (oil to gold), stocks remain in a solid bull run with no top in sight.

Kondratieff cycles are the longest term ones - and as we are in a commodities super cycle, with everything running hot from copper, base metals, agriculture, oil, lumber, you name it, to the beating tune of inflation approaching, I don't trust this "breakout" above a declining resistance line one iota - we are not entering any kind of dollar bull market. Such "perfectly normal" gold (temporary) uptrends "bound to reverse" have proven nothing like that, and I don't mean 2020 only here. USDX will naturally remain on the defensive in 2021 too - just as I called it to roll over, into bearish trend, in summer 2020. I specifically have issue with the author's silver crash thesis which doesn't reflect the macroeconomic, monetary, real economy, or mining realities in the least. It's just the stark contrast to reality that forces me to argue the medium-term bullish case to this detail, in the interest of professional community and healthy fact finding mission for the many retail investors.